Newsquawk Rundown, Daily Podcast

For the full Newsquawk preview, please click here.Expectations are for the BoE to deliver a 25 basis points hike in the Base Rate to 4.5%, according to 55 out of 56 analysts surveyed by Reuters. Market pricing concurs, with 25 basis points priced at around 85%. Dovish dissent from Tenreyro and Dhingra is expected once again...

APAC stocks were mostly lower as the region digested a slew of earnings updates and following the weak handover from Wall St.There was a lack of progress in debt limit negotiations although President Biden will meet with congressional leaders again this Friday.Fed's Williams said the FOMC will raise rates again if needed and he doesn't see any reason to cut rates this year.European equity futures are indicative of a slightly higher...

European bourses & US futures are softer as the region struggles for a foothold after mixed APAC trade and ahead of Fed/debt ceiling eventsUSD picks up against peers ex-JPY as yields ease from best while AUD retreats after Chinese imports declined unexpectedlyYellen reiterates the Treasury could run out of cash as soon as June 1st, with the Bipartisan centre expecting the x-date between early-June to AugustFixed benchmarks have been...

APAC stocks were mixed following the indecisive performance on Wall St where the focus was on the Fed’s SLOOSThe report showed that banks tightened credit terms and demand for loans declined.Chinese trade figures showed stronger-than-expected export growth but imports disappointed with a surprise contraction.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 +0.2% after the cash market closed up...

European bourses are firmer across the board, Euro Stoxx 50 +0.1%, though trade has been very contained/steady with the UK away.Stateside, the narrative is much the same with futures flat ahead of key Fed-related events and the focus thus far on BRK.B and debt ceiling.Biden to meet McCarthy & others on Tuesday re. debt limit, via FT; said he would not rule out invoking the 14th amendmentDXY is softer and edging towards 101.00 with...

APAC stocks mostly gained as the region took impetus from Friday's rally on Wall St and strong US jobs data.Fed's Bullard (non-voter) said he thinks the Fed will ultimately have to grind higher on rates because of forecasts for a slower decline in inflation than others.US President Biden is to meet with House Speaker McCarthy and other top congressional leaders on Tuesday regarding the debt limit crisis, according to FT.European equity...

European bourses and US futures are firmer despite the mixed APAC session as participants await NFPWithin this, DAX 40 outperformers aided by German electricity adjustments and strong Adidas earnings.ABA is urging the SEC to investigate short-selling activity while the White House is hopeful on avoiding a debt default.AUD outperforms after hawkish-SOMP while CHF lags post-CPI; USD is softer but relatively...

APAC stocks traded mixed after the weak lead from the US where risk sentiment was subdued by banking-related headwinds.US federal and state officials are reportedly assessing possible market manipulation regarding banking shares.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed down 0.5% yesterday.Sources revealed ECB policymakers agreed to a smaller rate increase in return...

European bourses are pressured following the subdued APAC/US handover, stateside performance is currently mixed/rangebound with a focus on regional banks/earnings.DXY nears 101.50 from a 101.02 base as the Euro failed to eclipse 1.11 with peers contained ex-out/underperformance in NZD and CHFCrude benchmarks are firmer after an initial marked slump overnight; Shell says they are nearing 2019 levels of oil demand in ChinaUST yields...

For the full preview, please click here.The consensus among analysts and market pricing is that the ECB will opt for a 25bps hike in the Deposit Rate to 3.25%. Policymakers have indicated that the options are between a 25bps and 50bps hike, with the aim of bringing inflation back to target. Considering the political nature of the...