Newsquawk Rundown, Daily Podcast

Week Ahead August 7th - 11thMON: BoJ Summary of Opinions, German Industrial Output (Jun), EZ Sentix Index (Aug)TUE: EIA STEO, Chinese Trade Balance (Jul), German Final CPI (Jul), Canadian Trade Balance (Jul)WED: Chinese Inflation (Jul)THU: RBI Announcement, Banxico Announcement, OPEC MOMR, US CPI (Jul)FRI: IEA OMR, UK GDP (Jun), French/Spanish Final CPI (Jul), US PPI (Jul), US Uni...

European bourses and US futures are modestly firmer with updates limited aside from numerous corporate developments pre-NFPAMZN +8.8% & AAPL -1.8% pre-market; Berkshire Hathaway reports on the weekendDXY is firmer but yet to lift above 102.50, Antipodeans outperform while havens pare some of their recent gainsFixed benchmarks dip to incremental WTD lows with the week’s bearish drivers still in playWTI and...

APAC stocks traded mixed as most bourses in the region lacked firm direction after a lacklustre handover from the USApple were lower by 2% after-hours as earnings once again showed declining sales, whilst Amazon was boosted by 8.7% following solid resultsEuropean equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed down by 0.7% yesterdayDXY is flat just below the 102.50 mark...

European bourses & US futures continue to slump in an extension of Wednesday’s price action with yields on the upEGBs/USTs continue to drop and have made new lows below the post-Refunding/Fitch trough, Gilts pressured further pre-BoEFurther upside for the USD with JPY outperforming on haven action while EUR & GBP slipCommodities are in-fitting with the above risk tone and accompanying USD strength; complex is conscious of punchy...

APAC stocks mostly followed suit to the weakness in global peers, albeit with some of the losses stemmed in Asia as participants digested Chinese Caixin PMI figures.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed down by 1.6% yesterday.DXY remains on the front foot, EUR/USD has moved lower on a 1.09 handle, Cable sits below 1.27 pre-BoE, JPY lags post-BoJ unscheduled bond-buying...

European bourses & US futures are in the red as sentiment continues to deteriorate from the APAC/Wall St. handoverFitch cut the US' sovereign rating from AAA to AA+; Outlook revised to Stable from Watch Negative.DXY benefits from the soured tone with JPY outperforming while EUR & GBP prove relatively resilient to the USDEGBs are firmer and benefiting from haven allure with USTs bid as such and giving up some pre-Quarterly...

APAC stocks traded lower following the mostly negative lead from Wall St where sentiment was dampened by higher yields and weak dataFitch cut US sovereign rating from AAA to AA+; Outlook revised to Stable from Watch NegativeEuropean equity futures are indicative of a lower open with the Euro Stoxx 50 -0.7% after the cash market closed down by 0.9% yesterdayDXY is firmer and on a 102 handle, JPY leads the majors, antipodeans lag, EUR/USD...

European bourses are in the red with initial catalysts light but sentiment deteriorating further alongside Final PMIsStateside, futures also pressured but magnitudes are more contained ahead of manufacturing dataDXY continues to climb to the detriment of G10 peers, AUD lags post-RBA maintained its Cash RateEGBs slip despite deteriorating risk and welcome EZ PMI commentary re. inflation; USTs mixedCrude slumps as...

APAC stocks were mostly higher following the positive lead from Wall St where the S&P 500 notched its 5th consecutive monthly gain.RBA maintained its Cash Rate Target unchanged at 4.10% and noted that some further tightening of monetary policy may be required.AUD lags post-RBA, JPY is also on the backfoot, DXY oscillates around the 102 mark, EUR/USD sits just below 1.10.European equity futures are indicative of a flat open with...

European bourses are mixed/steady around the unchanged mark, with US futures following suitAction which follows mostly firmer APAC trade given Wall St. momentum, Chinese stimulus and despite mixed PMIsDXY is on the front-foot despite some month-end model predictions; JPY standout laggard while Antipodeans outperformFixed income remains pressured though JGBs have steadied after unscheduled 5-10yr purchases, EGBs unreactive to Flash...