Newsquawk Rundown, Daily Podcast

European bourses & US futures are firmer despite a distinct lack of fresh drivers ahead of the week’s key eventsDXY wanes with Antipodeans firmer, EUR rebounding towards 1.08 and GBP bid post-HaskelGilts underperform generally subdued core benchmarks following BoE remarks while BTPs and JGBs buck the bearish trendCrude and base metals continue to slip with spot gold benefits from the softer USDChina’s Foreign...

APAC stocks traded mixed with the region mostly cautious at the start of a risk-packed week.US equity futures were flat overnight; European equity futures are indicative of a marginally higher open.DXY was marginally positive amid the cautious mood but with price action kept within a thin range; USD/JPY was indecisive after early upside.Several Chinese lenders cut yuan deposit rates from Monday which follows similar action by China's...

MON: NY Fed Survey of Consumer Expectations.TUE: OPEC MOMR, German Final CPI (May), UK Jobs Data (Apr/May), German ZEW Survey (Jun), US CPI (May).WED: FOMC Announcement, IEA OMR (2024 Forecast), UK GDP (Apr), Swedish CPIF (May), EZ Industrial Production (Apr), US PPI (May), New Zealand GDP (Q1).THU: ECB Announcement, PBoC MLF Announcement, Eurogroup meeting, Japanese Trade Balance (May), Australian Job Report (May),...

European bourses & US futures are contained with newsflow limited and the docket ahead sparseUSD/JPY lifted by dovish BoJ sources with the DXY firmer and above 103.50, Yuan hit on soft CPIFixed benchmarks relatively rangebound into the weekend and looking to next week’s key eventsCrude pivots particularly narrow parameters while XAU slips and base metals grind higherUS Secretary of State Blinken's...

APAC stocks traded mostly higher following the gains on Wall St where the S&P 500 entered a bull market and tech outperformed.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 0.1% yesterday.DXY is contained just below 103.50, EUR/USD sits around two week highs, USD/JPY has reclaimed 139 status.US Secretary of State Blinken's long-delayed Beijing trip is now...

European bourses & US futures are mixed flat with updates limited in quiet newsflowDXY continues to pullback below 104.00 with G10s firmer across the board and activity-FX outperformingCore benchmarks continue to pullback but are off session lows with USTs contained pre-IJC & refundingCommodities are similarly contained, with crude and key metals in thin ranges and following the wider risk toneLooking...

APAC stocks were mostly subdued following the mixed handover from Wall St where tech underperformed as global yields climbed.RBI kept the key Repo Rate unchanged at 6.50%, as expected, with the decision on rates unanimous.European equity futures are indicative of a weaker open with the Euro Stoxx 50 -0.5% after the cash market closed down 0.1% yesterday.DXY is flat and lingering just below the 104 mark, EUR/USD is back above 1.07, USD/JPY...

European bourses are softer with the complex drifting post-open amid a lack of catalysts/driversStateside, action is in-fitting as we look to next week’s Tier 1 US events with the BoC looming in the interimDXY has drifted back to 104.00 as JPY benefits from lower US yields, AUD underpinned and CAD bidCore benchmarks have recouped from an initial reversal to/through prior closes; green Bobl and Gilt sales...

APAC stocks mostly gained following the positive handover from Wall St where the S&P 500 posted its highest close YTDChinese trade data mostly disappointed including the wider-than-expected contraction in dollar-denominated exportsEuropean equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.2% after the cash market closed flat yesterdayDXY hovers just above the 104 mark, EUR/USD is capped by 1.07,...

European equities trade with little in the way of firm direction, with US equity futures also hovering around the unchanged mark.RBA delivered a surprise 25bps rate hike and kept the door open for further policy tightening.China has reportedly asked the largest banks to cut deposit rates to boost the economy.Ukraine's State Atomic Agency said the destruction of the Kakhova dam poses a risk to the Zaporizhzhia nuclear power plant, but does...