Newsquawk Rundown, Daily Podcast

European bourses & US futures are contained, with Real Estate leading while Base Resource names lagFTSE 100 outperforms after cooler-than-expected UK CPI, with Gilts bid, GBP dented and BoE pricing moving in favour of 25bpAs such, GBP lags to the USD’s benefit while JPY approaches 140.0 and antipodeans lagGilts outperform with an initial sympathy move for USTs and EGBs fading, the latter further after tepid...

US stocks were bid with outperformance in the Russell 2000 amid strong gains in the regional banking ETF.APAC stocks were mixed as the ongoing China economic woes partially offset the constructive lead from Wall St.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.2% after the cash market closed up by 0.3% yesterday.DXY has reclaimed the 100 level, EUR/USD maintains 1.12 status, JPY lags the majors...

European bourses & US futures are contained ahead of earnings and dataWithin Europe, pre-market action was dominated by Q2 updates with Novartis’ results lifting its sector & the SMIDXY remains pressured but has found support around Friday’s trough with EUR, GBP & JPY appreciatingFixed income has extended its recovery rally heading towards MTD peaks, though Gilts off best after weak issuanceUSD and...

APAC stocks were mostly lower after the region failed to sustain the momentum from Wall St where tech and small caps outperformed.US President Biden is weighing new curbs on chips and semiconductor-making devices, according to Bloomberg.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed down by 1.0% yesterday.DXY remains sub-100.00, EUR/USD hovers around 1.1250, Cable...

European risk tone is hampered by mixed China data and subsequent cuts to the nations FY23 growth view by various desksStateside, action is more contained with the docket relatively sparse ahead of Tuesday’s key earnings & with Fed blackout underwayCrude benchmarks have returned to APAC lows on China & resumption of Libyan production, intersected by marked upside on a since withdrawn alertUSD is pressured with havens outperforming...

APAC stocks began the week subdued as participants digested mixed economic growth and activity data from China.Chinese GDP was firmer than expected QQ but disappointed YY, while Industrial Production topped estimates and Retail Sales missed.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.5% after the cash market closed up by 0.2% on Friday.DXY is contained just below the 100 mark, EUR/USD has maintained...

European bourses & US futures are relatively contained ahead of Fed speak and banking earningsWithin Europe, Telecoms lag after updates from Ericsson and NokiaDXY struggles for direction just above 99.75 with peers mixed & JPY retreatingCore fixed benchmarks diverge slightly as EGBs/Gilts extend while USTs slip ahead of dataCommodities are generally contained with catalysts thin after a week of USD-driven...

APAC stocks traded mostly higher after the positive lead from Wall St where yields continued to decline post-PPI.Fed's Waller (voter) said the Fed will likely need two more 25bps hikes this year and he favours raising rates at the July FOMC.European equity futures are indicative of a slightly lower open with the Euro Stoxx 50 -0.1% after the cash market closed up by 0.7% yesterday.DXY remains on a 99 handle, EUR/USD and Cable gain a...

European bourses & US futures are firmer as the post-inflation action continues ahead of IJCDXY extends the post-inflation decline towards 100.00 amid a further retreat in yieldsAntipodeans outperform, EUR & GBP also bid; as above, fixed benchmarks continue to climbCrude inches higher with attention on Urals while spot gold is more contained but base metals extendLooking ahead, highlights include US IJC,...

APAC stocks traded higher as the region reacted to the softer-than-expected US inflation data while weaker-than-expected Chinese trade data failed to dampen the spirit.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up by 1.7% yesterday.DXY sits at its lowest level in over a year, EUR/USD and Cable maintain 1.11 and 1.30 status respectively, antipodeans lead.Fixed...