Newsquawk Rundown, Daily Podcast

US stocks finished mixed. Nonetheless, the S&P 500 and Nasdaq 100 snapped their recent losing streaks with outperformance in the latterAPAC stocks failed to sustain an early positive bias and faltered following the mixed performance statesideEuropean equity futures are indicative of a softer open with the Euro Stoxx 50 -0.7% after the cash market closed down 0.4% yesterdayDXY is firmer and back above 102.50, EUR/USD extended its...

European bourses trade on the backfoot with selling pressure having picked up since the cash open; Chinese markets were closed overnight.US equity futures are also softer on the session, albeit to a lesser extent than European peers with the ES just about holding around the 4400 mark.SNB’s rate hike disappointed markets but matched analyst expectations while Norges opted for a larger-than-forecast rate hike and guided another hike in...

Fed Chair Powell, when asked about the two hikes pencilled into the dot plot, responded "That's a pretty good guess of what will happen".Fed's Bostic (non-voter) said that rates should stay where they are for the rest of the year.APAC stocks were mostly lower following the tech-led declines on Wall St and with risk appetite also constrained by key holiday closures.European equity futures are indicative of a softer open with the Euro Stoxx...

European bourses are indecisive with the main macro story of the session thus far coming via UK inflation metrics.GBP only knee-jerked higher on the hotter-than-expected CPI before shedding all and more of its gains on economic implications of further BoE tightening.DXY is firmer pre-Powell whilst the JPY is softer following more dovish BoJ commentary.US Treasuries have regained composure whilst Bunds saw a full recovery and Gilts trimmed...

To download the report, please click here If you would like to subscribe to receive the research sheets directly in your inbox, you can now do so under the Research Suite section of the portal. To subscribe simply check the box next to "Email these reports" under the desired category. BoE rate decision and minutes due Thursday 22nd June 2023 at...

APAC stocks were mostly subdued following the negative handover from Wall St amid the lack of bullish macro drivers.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.3% after the cash market closed down 0.4% yesterday.In FX, DXY lingers above 102.50, EUR/USD maintains 1.09 status, NZD leads the majors, JPY lags.10yr UST futures marginally eased back after the prior day’s bull flattening, Crude...

European bourses & US futures are pressured ahead of the return of US participants and key Fed speakersDXY has drifted after a brief/small extension to 102.62, JPY rebounds though notes OpEx while AUD lags after RBA MinutesPBoC cut the LPRs as expected, though the 5yrs magnitude disappointed some expectations; Biden said relations are on the correct trailEGB benchmarks consolidation topped out near round figures with UTS paring losses...

APAC stocks were mostly lower in the absence of a lead from Wall St and as markets digested the PBoC’s cuts to its benchmark lending rates.As expected, China lowered its 1-year LPR after similar cuts to short-term funding rates but disappointed those anticipating a deeper 15bps cut for the 5-year LPR.European equity futures are indicative of a flat open with the Euro Stoxx 50 unchanged after the cash market closed down 0.7% yesterday.DXY...

APAC stocks were mostly negative following last Friday's losses on Wall St, while risk appetite was also contained as markets digested US-China talks.The meeting between US Secretary of State Blinken and Chinese Foreign Minister Qin was said to be candid, substantive and constructive although it lacked any breakthroughs.European equity futures are indicative of a lower open with the Euro Stoxx 50 -0.7% after the cash market closed up 0.7% on...

Week Ahead June 19-23rdMON: US Juneteenth Market HolidayTUE: PBoC LPR Announcement, RBA Minutes, NBH Announcement, German PPI (May), US Building Permits (May)WED: BoC Minutes, BCB Announcement, CNB Announcement, UK Inflation (May), New Zealand Trade Balance (May)THU: BoE Announcement, SNB Announcement, Norges Bank Announcement, CBRT Announcement, Banxico Announcement, Bank of Indonesia...