Newsquawk Rundown, Daily Podcast

APAC stocks were mostly lower following the post-Independence Day hangover in the US owing to recent weak global data releases and a rising yield environment.The FOMC Minutes provided little to deviate from the current view of future rate increases - almost all participants judged it appropriate or acceptable to leave the target rate unchanged at the June meeting.Fed's Williams (voter) said he is not content with where inflation is right now, and that a June rate...

European bourses are in the red after bleak EZ and Chinese PMI data, US futures similarly downbeat pre-FOMC MinutesCrude initially pressured on the above but lifted by Saudi commentary from the OPEC+ seminarDXY remains in close proximity to 103.00, with JPY benefitting from a broader yield pullback while EUR slips post-PMIsFixed income is bid, following data and strong UK and German supply; yields lower, short-end...

APAC stocks were mostly lower following the holiday lull stateside and as participants digested the latest Chinese Caixin Services PMI data.DXY eked mild gains and retained the 103.00 status with price action rangebound after the Independence Day celebrations in the US.Crude futures faded some of the prior day's gains amid the mostly risk-averse mood in Asia, while the focus turns to the OPEC International Seminar.Chinese President Xi...

APAC stocks traded mixed with the regional bourses mostly rangebound amid the holiday-thinned conditions statesideDXY traded rangebound, EUR/USD and GBP/USD lacked direction, USD/JPY was choppy, AUD slipped after the RBA.The RBA decided to keep rates on hold, but maintained a hawkish tone and kept the door open for future rate hikes.Two drones were intercepted in the Moscow region and one in the Kaluga region, according to Russian...

European bourses are firmer with sectors similarly supported while US futures are incrementally higher pre-ISM and after a constructive APAC handoverTesla outperforms in the pre-market after record Q2 deliveries, TSLA +6.2%In FX the USD recovers post-Friday’s data while CHF lags post-CPI, EUR hit on PMIs and JPY dented as yield differentials widenCrude benchmarks were initially contained but have seen renewed upside on the Russian and...

APAC stocks began the new trading month on the front foot with momentum from last Friday's rally on Wall Street; European equity futures are indicative of a marginally higher open.DXY was contained ahead of the thinned conditions stateside where markets will close early owing to tomorrow’s Independence Day celebrations.Chinese Caixin Manufacturing PMI topped forecasts for its second consecutive monthly expansion.US confirmed that Treasury...

Week Ahead July 3-7thMON: BoJ Tankan Survey (Q2), Chinese Caixin Manufacturing PMI Final (Jun), Swiss CPI (Jun), EZ/UK/US Manufacturing PMI Final (Jun), US ISM Manufacturing PMI (Jun)TUE: RBA Announcement, NBH Announcement, South Korean CPI (Jun), German Trade Balance (May),WED: FOMC Minutes, Chinese Caixin Services PMI Final (Jun), EZ/UK/US Services & Composite PMI Final (Jun), US Durable Goods R...

European bourses trade on the front-foot with the Stoxx 600 on track to close the week out with gains, with little action seen on the EZ Flash CPI metrics.US equity futures are around flat/tilting higher ahead of today’s key PCE data for May, before traders head out for the long Independence Day holiday weekend.ASML does not expect the Dutch government's chip export measures to have a material impact on its financial outlook.China may...

APAC stocks mostly traded with cautious gains as participants digested a slew of data releases at quarter-end.Chinese Manufacturing PMI matched estimates and Non-Manufacturing PMI was slightly softer-than-expected although remained in a firm expansion.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.2% yesterday.DXY has held on to a bulk of yesterday's gains,...

APAC stocks mostly traded with cautious gains as participants digested a slew of data releases at quarter-end.Chinese Manufacturing PMI matched estimates and Non-Manufacturing PMI was slightly softer-than-expected although remained in a firm expansion.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.2% yesterday.DXY has held on to a bulk of yesterday's gains,...