Newsquawk Rundown, Daily Podcast

APAC stocks traded mixed with price action mostly rangebound following on from the subdued performance stateside.Apple (AAPL) announced its new VR headset, Apple Vision Pro, which augments reality with the real world.RBA delivered a surprise 25bps rate hike and kept the door open for further policy tightening.European equity futures are indicative of a contained open with the Euro Stoxx 50 flat after the cash market closed down 0.7%...

European equities trade flat following Friday’s solid session for the region, FTSE 100 narrowly outperforms; US equity futures are flatSaudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to the end of 2024Saudi’s Energy Minister said will keep the markets in suspense on whether the additional voluntary cut for July will be extendedDXY maintains a...

APAC stocks were mostly positive amid momentum from Friday's post-NFP gains on Wall Street and strong Chinese Caixin Services and Composite PMIs.Saudi Arabia announced it is to cut an additional 1mln bpd of oil output in July; all other OPEC+ producers agreed to extend earlier cuts through to the end of 2024.Saudi’s Energy Minister said will keep the markets in suspense on whether the additional voluntary cut for July will be...

SUN: OPEC+ Meeting.MON: Chinese Caixin Services PMI (May), German Trade Balance (Apr), Swiss CPI (May), Turkish Inflation (May), EZ/UK/US Final Services and Composite PMIs (May), EZ Sentix Index (May), US Durable Goods (R), ISM Services PMI (May).TUE: RBA Announcement, NBP Announcement, EIA STEO, EZ/UK Construction PMI (May), EZ Retail Sales (Apr).WED: BoC Announcement, Australian Real GDP (Q1), Chinese Trade Balance (May),...

European equities trade on the front foot following the Senate passage of the debt ceiling billUS Senate voted 63-36 to pass the US debt ceiling bill, which sends it to President Biden's deskDXY oscillates in a tight range on either side of 103.50 ahead of the US jobs reportIndustrial commodities are boosted by source reports that China is reportedly mulling a property-market support package to bolster the...

US Senate voted 63-36 to pass the US debt ceiling bill, which sends it to President Biden's desk.APAC stocks traded higher as the region took impetus from Wall St where the S&P 500 and Nasdaq climbed to 9-month highs.Fed's Harker (voter) said the Fed does not have to keep moving rates up and thinks they should at least skip raising rates in June.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after...

European bourses are firmer as sentiment improves after the US House vote & Chinese Caixin PMIStateside, futures are more contained as debt focus turns to the Senate and potential amendment votesDXY subdued after Wednesday’s Fed remarks with attention turning to US data before Friday’s NFPFlash EZ HICP spurred little sustained reaction, as it chimes with regionals; debt benchmarks dip after...

APAC stocks were mostly positive after the US House passed the debt ceiling bill to avert a default which now moves to the SenateChinese Caixin Manufacturing PMI data partially atoned for yesterday’s weak official PMI readings.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.7% after the cash market closed down 1.7% yesterday.DXY is a touch firmer on a 104 handle, EUR/USD remains stuck below 1.07, NZD and...

European bourses & US futures are softer after a weak APAC handover on PMIs and despite softer inflation data DXY lifted to a new WTD best as EUR succumbs on CPI, Yuan drifts on data and Mester remains hawkishEGBs bid on softer-than-expected inflation metrics from German states and France, though upside briefly capped by the latest Italian figuresCrude continues to crumble while base metals are dented by soft Chinese data,...

APAC stocks were mostly lower following the mixed handover from Wall St where sentiment was clouded as hardliners voiced opposition to the debt ceiling bill.US House Committee voted 7-6 to advance the debt ceiling bill which sends it to the full House for approval.European equity futures are indicative of a softer open with the Euro Stoxx 50 -0.4% after the cash market closed down 0.7% yesterday.Chinese Manufacturing and Non-Manufacturing...