Newsquawk Rundown, Daily Podcast

APAC stocks traded mixed following a similar lead from Wall Street, whilst Hong Kong markets were closed due to Typhoon Saola.PBoC is to cut FX RRR by 2ppts to 4% (prev. 6%) from September 15th, according to the central bank; Several major Chinese banks lowered their deposit rates.DXY traded choppily within a tight range but was knocked to session lows after the PBoC headlines induced Yuan strength, which later pared back.Softbank's (9984...

European bourses are mostly firmer after a packed morning ahead of an equally busy US agenda, ES +0.1%EUR & EZ yields slump after Flash HICP and balanced commentary from Schnabel on a hike/skip for upcoming meetingsPricing for a 25bp hike by the ECB in September down to a 30% chance from over 60% in recent sessionsDXY bid as a result and pressuring peers, Cable dented further by Pill backing a steady for longer strategy vs...

APAC stocks eventually traded mostly negatively following a marginally positive handover from Wall Street, which saw an equity bid underpinned by dovish US economic data.DXY was caged in a tight range after being dealt another blow by US data yesterday, JPY and AUD narrowly outperformed.European equity futures are indicative of a flat open after Euro Stoxx 50 cash closed -0.3% yesterday.Chinese PMIs were mixed, manufacturing topped...

European bourses are in the red as expectations for the ECB September meeting turns more hawkishStateside, futures are in the red with the NQ lagging slightly as yields liftGerman regional & Spanish Flash CPIs spurred ECB pricing to a circa. 60% chance of 25bp in Sep., vs 50/50 recentlyBroad debt retracement after Tuesday’s US-data inspired highs with EGBs leading post-dataCrude benchmarks at highs as Idalia...

APAC stocks traded positively following the JOLTS-induced gains seen on Wall Street, although Mainland China waned throughout the session.DXY was steady after the prior day’s slump, with the index finding overnight support near 103.50 while AUD was dented by softer-than-expected CPI.BoJ Board Member Tamara said it is appropriate to keep easy policy now and he doesn’t expect the 10yr JGB yield to hit 1.0%.European equity futures are...

Equities are in the green despite fading just after the European open, further upside seen on Chinese sourcesMultiple reports via State Media and BBG that China is considering rate-related action to bolster growthCrude benchmarks print fresh highs on the above and as Idalia intensifies into a hurricane, gas deflates slightly after marked Monday upsideDXY continues to rotate around 104.00 with Antipodeans outperforming while the EUR fades...

APAC stocks traded with an upward bias following the positive lead from Wall Street, with little in terms of fresh catalysts to dictate price action heading into month-end.DXY was subdued after retreating back under the 104.00 mark in early APAC hours, while debt futures tilted firmer.Chinese State media reports PBoC may cut banks' RRR earlier than expected to maintain reasonable ample liquidity.Australian union said workers at Chevron's...

Equities are in the green with fresh drivers limited and markets deriving impetus from APAC upsideDXY has dipped below 104.00 with peers generally contained, JPY near lows as Ueda underlines reasons to remain ultra-accommodativeEnergy benchmarks firmer amid numerous NHC and Offshore Alliance updatesBunds test Friday’s trough in a return to the bearish path of least resistanceLooking ahead, highlights include US...

APAC stocks kicked off the week in the green, following a similar lead from Wall Street, whilst the focus overnight was on Chinese markets after Friday's stock support measures.DXY was caged to a tight range above 104.00 after Friday’s choppy session, AUD outperformed whilst the JPY stood as the G10 laggard.ECB President Lagarde on Friday said the ECB needs to set rates at sufficiently restrictive levels for as long as necessary to achieve a timely return of...

Week Ahead August 28th - September 1stMON: Australian Retail Sales (Jul)TUE: NBH Announcement, German GfK Consumer Sentiment (Sep), US CaseShiller (Jun) and JOLTS (Jul)WED: Australian CPI (Jul), Spanish Flash CPI (Aug), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US ADP National Employment (Aug)THU: ECB Minutes, Japanese Retail Sales (Jul), Chinese Official PMI (Aug), German Retail Sales (Jul)/...