Newsquawk Rundown, Daily Podcast

US futures reside in the red but are faring better than European counterparts which have drifted since the openAAPL unreactive to incremental iPhone updates while Morgan Stanley believes the two-day stock sell-off is overdoneDXY has slipped as yields lift but remains near 105.00 as the JPY wanes from best, Antipodeans outperform after recent pressureCore benchmarks underpinned on risk aversion ahead of Canadian jobs and a Fed...

APAC stocks declined amid US-China tech-related frictions and disappointing Japanese GDP revisions.Fed’s Logan who noted that it could be appropriate to skip an interest rate increase this month and that skipping does not imply stopping rate hikes.European equity futures are indicative of a slightly higher open with Euro Stoxx 50 future +0.1% after the cash market closed down 0.4% yesterday.DXY retreated back below 105, EUR/USD sits in...

European bourses spent the morning in the red but have benefited from a broader yield-induced pick up in sentimentStateside, futures remain in the red but as above are off lows. NQ lags given marked AAPL pressure in the pre-marketDXY remains firmer but has been unable to breach the 105.00 mark with GBP suffering as BoE expectations drift furtherGilts lead European benchmarks higher, though the complex is yet to retain the bulk of...

APAC stocks were pressured as the region took its cue from the losses stateside, while participants also digested the latest Chinese trade data.Chinese trade data showed a continued contraction in the nation’s exports and imports but was not as bad as feared.European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.3% after the cash market closed down 0.7% yesterday.DXY held on to yesterday's data-driven gains,...

European bourses & US futures are under pressure, though the latter comparably more contained pre-data/Fed speakDXY dips but retains an underlying bid while JPY outperforms after jawboning, CAD soft pre-BoC as crude pullsbackA session of consolidation for crude after Tuesday’s pronounced upside, metals feature spot gold near unchanged while base peers have lifted from lows in-line with ChinaEGBs pressured by hawk-Knot after fleeting...

APAC stocks traded mostly in the red following the subdued handover from Wall Street where sentiment was clouded by the higher yield environment.European equity futures are indicative of a lower open with Euro Stoxx 50 future -0.4% after the cash market closed down 0.3% yesterday.DXY has held on to a bulk of yesterday's gains, USD/JPY remains on a 147 handle, EUR/USD languishes firmly below 1.08.Japanese top currency diplomat Kanda...

European bourses/US futures are subdued as soft Chinese data weighs on sentiment, though equities are off lows as the US returnsDXY continues to climb with risk-aversion and accompanying yield upside fuelling the strength, Antipodeans lag given the China data while the RBA was as-expectedCore fixed benchmarks are in the red with action occurring around the EZ/regional and UK PMIs but for the most part this has been shortlived; US yields bid across the...

APAC stocks were mostly subdued after the holiday lull stateside and as the region digested disappointing data including weaker-than-expected Chinese Caixin Services PMI.European equity futures are indicative of a slightly lower open with Euro Stoxx 50 future -0.1% after the cash market closed down 0.1% yesterday.DXY is contained above the 104.00 level, EUR/USD lingers below 1.08 and AUD lags.RBA kept the Cash Rate Target unchanged at...

APAC stocks traded mostly higher led by strength in China’s property sector amid gains in Country Garden Holdings.Country Garden Holdings surging by a double-digit percentage after it made a payment on a ringgit-denominated bond and won approval to extend its onshore private bond maturity by three years.European equity futures are indicative of a higher open with Euro Stoxx 50 futures +0.3% after the cash market closed down 0.3% on...

Equity bourses/futures are incrementally firmer but the overall tone remains tentative ahead of key US dataUSD bounces from overnight lows but remains softer overall with peers generally contained; Yuan underpinned by PBoC action and dataEnergy benchmarks are firmer owing to the USD and Chevron/LNG updates, base metals glean support from Chinese stimulusFixed benchmarks consolidate after month-end action and await data...