Newsquawk Rundown, Daily Podcast

Fed delivered a 25bps hike and opened the door to a pause, although Powell was reluctant to officially call it one and pushed back on talk of rate cuts.PacWest Bancorp (PACW) is said to weigh strategic options including a sale, according to Bloomberg.APAC stocks were mixed in the aftermath of the FOMC which saw US stocks mostly decline post-Powell presser.European equity futures are indicative of a marginally softer open with the Euro...

European futures are on the front-foot with US futures in-fitting after Tuesday's regional banking pressure.DXY continues to slip as USTs advance pre-FOMC, NZD leads while EUR and GBP eye 1.1050 and 1.2550.Crude benchmarks came under marked pressure despite limited fresh catalysts as focus remains on the broader growth outlook."Several House GOP leadership sources said they would want to see the Senate pass a short-term debt-limit hike...

APAC stocks were mostly negative following the losses on Wall St amid regional bank jitters which resulted in the regional banking ETF closing down by over 6%.White House said they have the tools necessary to keep the banking system safe and the FDIC will continue to monitor the banking situation.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.5% after the cash market closed lower by 1.5%...

European bourses mostly softer in catch-up trade from the long weekend, US futures similar with attention on the Fed, debt ceiling & earningsAUD outperforms after a RBA hike and hawkish guidance, DXY picking up above 102.00 after pivoting the figure while EUR & GBP fadeEGBs softer in corrective post-ISM trade though off lows as the ECB BLS sparked a dovish reactionSubsequently, the EZ Flash HICP measure saw little sustained...

APAC stocks traded with a slight positive bias as many of the regional participants returned to the market from the long weekend.The RBA surprised markets with a 25bps rate increase, while the central bank's language remained hawkish with the Board expecting some further tightening of monetary policy will be needed.European equity futures are indicative of a mildly higher open with the Euro Stoxx 50 +0.2% after the index was unchanged...

European sentiment pressured by Flash-Prelim. growth data while earnings remain in focusA dynamic that has eased somewhat since the EZ-wide figure, Euro Stoxx 50 -0.7%, with attention on upcoming US data points/earningsAMZN initially rose but is currently -2% in pre-market with the focus on AWS; in Europe, banking names lag amid NatWest and yield actionDXY eclipsed 102.00 as JPY sinks as BoJ maintains ultra-easy policy and gives dovish...

APAC stocks were positive after taking impetus from the rally on Wall St while the region also digested a slew of earnings, data and the BoJ.BoJ kept policy settings unchanged, tweaked its forward guidance which remained dovish and announced it is to conduct a policy review.Amazon shares initially rose by some 9% in after-hours trade post-earnings before dropping to losses of 2% with some highlighting the Co. signalling lower AWS...

European bourses relatively contained but with an underlying positive skew after a deluge of earnings.NQ outperforms post-META (+11% pre-market) with AMZN, among others, ahead.DXY edges above 101.50 with antipodeans outperforming while JPY and CHF are undermined by yields.EGBs remain subdued but have bounced off initial lows post-supply, USTs in-fitting pre-7yr/GDPCrude consolidates with metals mixed overall...

APAC stocks traded mixed with most of the major indices subdued amid the banking sector headwinds in the US and as participants digested a deluge of earnings releases.European equity futures are indicative of a weaker open with Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.7% yesterday.DXY is lacking in direction, EUR/USD lingers around 1.1050, GBP/USD is back below 1.25, NZD outperforms peers.US House voted 217 vs...

European bourses are lower across the board, continuing the APAC tone with regional earnings impacting Industrial & Tech.Stateside, futures are mixed with pronounced NQ outperformance with GOOGL +1.1% & MSFT +7.9% in pre-market trade.SEK crushed after dovish 50bp Riksbank hike, DXY further below 101.50 with EUR & GBP extending while AUD lags.Fixed benchmarks are contained but diverging slightly with EGBs slightly firmer while...