Newsquawk Rundown, Daily Podcast

APAC stocks were mixed with the region cautious after the weak handover from the US where risk appetite was clouded amid debt ceiling concerns.The meeting between Biden and congressional leaders achieved no major breakthroughs although was said to be productive and has set the stage to carry on further conversations.European equity futures are indicative of a flat open with the Euro Stoxx 50 unchanged after the cash market closed flat...

European bourses are relatively contained, but off best after downbeat/mixed ZEWUS futures spent the morning rangebound though have similarly dipped post-HD earnings, -4% pre-marketPresident Biden is to meet McCarthy at 15:00ET/20:00BST, Yellen to speak beforehandDXY continues to retreat despite initial fleeting upside with G10s firmer, GBP picks up after weak labour dataAUD, Yuan and base metals are dented by...

APAC stocks traded mixed and only partially sustained the momentum from Wall St, while markets also digested weaker-than-expected Chinese activity data.US President Biden has scheduled a debt limit meeting with US House Speaker McCarthy on Tuesday at 15:00EDT/20:00BST.European equity futures are indicative of an uneventful open with the Euro Stoxx 50 unchanged after the cash market closed flat yesterday.DXY is steady below 102.50, EUR/USD...

European bourses & US futures are firmer but with magnitudes modest amid limited specific newsflowDXY dips below 102.50 with its initial upside diminishing as peers are generally firmer ex-JPY while core debt driftsUS President Biden said that debt ceiling talks are moving along and they will know more in the next couple of days about progress in discussions.SEK and TRY depreciate after soft inflation & inconclusive Turkish...

APAC stocks traded mixed following the subdued performance last Friday on Wall St, while participants in the region brace for this week’s key economic releases.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% on Friday.DXY sits near Friday's highs, JPY lags the majors, antipodeans outperform, EUR/USD remains on a 1.08 handle.US President Biden said that...

European bourses are firmer though the region is set to end the week where it began, US futures modestly bid.DXY underpinned vs most G10s with USTs slightly softer and Fed's Bowman saying recent CPI and NFP reports do not provide persistent evidence of disinflation.EGBs have struggled for firm direction but are veering lower after hitting WTD peaks on Thursday.Crude has lifted off initial lows to trade flat with macro news limited as we...

The meeting between US President Biden and congressional leaders was postponed to next week.US House Speaker McCarthy said postponing the debt ceiling meeting doesn't mean that debt talks have fallen apart.APAC stocks were mostly lower amid a busy slate of earnings releases and after the subdued performance stateside.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.4% after the cash market closed...

European bourses are firmer, but off best, with fresh drivers lacking after a busy pre-market ahead of the BoEStateside, futures retain a positive bias but have been largely horizontal; DIS -5.5% after-earningsDXY lifts towards 102.00 with AUD lagging on Yuan/metals weakness after benign Chinese CPI/PPISomewhat volatile EGB trade with Bunds bolstered by a 9k block but then slipping to lows with drivers slimCrude...

APAC stocks traded mixed after the indecisive performance stateside where stocks whipsawed, while regional bourses also reflected on softer-than-expected Chinese inflation.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.2% after the cash market closed down 0.4% yesterday.DXY lingers around 101.50 with price action in FX markets broadly contained, Cable maintains 1.26 status ahead of the BoE.Fed...

European bourses/US futures are slightly softer as broader sentiment tilts after mixed APAC trade ahead of US CPIDXY remains bid with peers generally contained though EUR slips on less-hawkish ECB speak while GBP remains bid pre-BoEEGBs caught a bid to fresh session highs after well-received UK supply and ECB's Lagarde on APP/PEPPOverall, commodities are pressured and in-fitting with the above; focus on China-Australia re. Copper and the...