Newsquawk Rundown, Daily Podcast

APAC stocks traded mostly higher amid a rally in Chinese stocks after the Politburo’s support pledges.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed down by 0.2% yesterday.DXY is a touch softer but remains on a 101 handle, EUR/USD is stuck below 1.11, AUD marginally outperforms.Crude futures held on to most of their recent spoils after climbing to 3-month highs...

APAC stocks traded mostly higher amid a rally in Chinese stocks after the Politburo’s support pledges.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed down by 0.2% yesterday.DXY is a touch softer but remains on a 101 handle, EUR/USD is stuck below 1.11, AUD marginally outperforms.Crude futures held on to most of their recent spoils after climbing to 3-month highs...

ECB policy announcement due Thursday 27th July; rate decision at 13:15BST/08:15EDT, press conference from 13:45BST/08:45EDTConsensus and market pricing look for a 25bps hike, taking the deposit rate to 3.75%Focus will fall on clues over the ECB's tightening ambitions beyond JulyOVERVIEW: The ECB is anticipated to raise its deposit rate by 25 basis points to 3.75%, according to market pricing and analysts' consensus. The...

European bourses are mixed with Flash PMIs flagging increased recession risks while Spain lags after Sunday’s stalemateStateside, futures modestly firmer with the NQ in-fitting ahead of the special rebalance coming into effectDXY benefits from EUR & GBP pressure on disappointing PMIs while JPY regroups after further sourcesCrude benchmarks bolstered by the initial readout from China’s Politburo; base metals relatively unreactive while...

APAC stocks traded mostly positive but with gains capped ahead of upcoming key risk events.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.3% after the cash market closed up by 0.4% on Friday.DXY tested 101 to the downside, EUR/USD and Cable sit on 1.11 and 1.28 handles respectively, JPY marginally outperforms.None of the individual parties, nor the left or right blocs were able to secure a majority in...

Sun: Spanish Elections.Mon: EZ/UK/US Flash PMIs (Jul).Tue: German Ifo Survey (Jul), NBH Announcement, Richmond Fed (Jul).Wed: FOMC Announcement, Australian CPI (Jun).Thu: ECB Announcement, US GDP Advance/PCE (Q2).Fri: BoJ Announcement & Outlook Report, French Flash CPI (Jun), Spanish Flash CPI (Jun), EZ Business Confidence Survey (Jul), US PCE...

BoJ sources around YCC spark marked dovish reaction in JPY and JGBs, which has filtered through to broader assetsDXY back above 101.00 with USD/JPY testing 142.00; action which eroded GBP’s retail-driven upsideEuropean/US equity benchmarks relatively contained, Tech hit by SAP while NQ benefits from yield actionJGB upside briefly lifts peers with EGBs/USTs struggling for direction while Gilts slip on dataCrude...

US stocks mostly tumbled with the declines led by the Nasdaq 100 which posted its second worst day of the year.APAC stocks were mixed as further support efforts from China partially offset the headwinds from Wall St.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.3% after the cash market closed up by 0.3% yesterday.DXY held onto yesterday's gains, EUR/USD and Cable sit on 1.11 and 1.28 handles...

European bourses are firmer though TSMC’s results have pressured Tech and the Euro Stoxx 50/AEX by extension; SAP due todayStateside, NQ lags given pre-market downside in NFLX & TSLA post-earningsAUD bolstered by jobs data, Yuan rebounds and EUR underpinned by yields with DXY driftingCore benchmarks pullback as Wednesday’s Gilt-driven move eases; yields firmer, short-end leadingCrude is little changed while...

APAC stocks traded mixed following on from the choppy performance stateside as participants digested data and corporate earnings.Apple (AAPL) is racing to develop its own generative AI tools to catch OpenAI, according to Bloomberg.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after the cash market closed down by 0.2% yesterday.DXY sits just above the 100 mark, AUD leads the majors...