Newsquawk Rundown, Daily Podcast

APAC stocks were mostly positive amid strength in the energy sector although gains in the broader market were capped as participants digested disappointing Chinese Caixin Manufacturing PMI.Crude rose following the surprise voluntary output cuts by OPEC+ members totalling over 1mln bpd from May through to year-end.Fed’s Waller (Voter) said the recent data is consistent with the idea that inflation can be brought down quickly with relatively little harm to the jobs...

European bourses are slightly firmer following APAC/post-HICP; US more tentative pre-PCE.EZ HICP YY cooled more than expected while the core measures were in-line causing EGB upside.Specifically, Bunds spiked to a 135.64 peak with ECB pricing easing slightly for May.EUR saw fleeting movement while USD remains bid with JPY pressured into month-end.Commodities fairly contained amid numerous geopolitical updates...

APAC stocks were mostly firmer after taking impetus from the tech-led gains on Wall Street and better-than-expected Chinese PMI figures.Chinese Manufacturing PMI topped forecasts and Non-Manufacturing PMI rose to its highest since 2011.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 +0.1% after the cash market closed up 1.3% on Thursday.DXY is holding above the 102 mark, FX markets are...

European bourses are higher following cooler German-state/Spanish inflation metricsUS futures hang onto Wednesday's upside with current gains more contained vs European peersUSD softer with Fed speak ahead to the modest benefit of G10 peers, GBP leads with Cable above 1.2350Bunds led an initial rally on the inflation figures, though this has since dissipated with benchmarks now near unchangedCommodities benefit...

Nasdaq 100 entered a technical bull market after gaining 20% from its December low and the SPX closed above its 50dma for the first time in over three weeks.APAC stocks traded mixed as the region only partially sustained the momentum from the US.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 1.5% on Wednesday.FX markets are contained with the DXY steady above 102.50,...

European bourses/US futures are firmer as banking concerns continue to dissipate while tech outperforms.Upside in tech names follows updates from Infineon and Micron, MU +2.5% pre-market.DXY is erring lower and is sub-102.50 despite marked AUD & JPY pressure as EUR & GBP remain resilient.ECB's Lane says to ensure that inflation falls to 2%, further interest rate hikes are required under the scenario expected by the...

APAC stocks were mostly positive albeit with most major indices rangebound amid a lack of fresh macro drivers.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 0.1% on Tuesday.DXY is contained just above the 102.50 mark, JPY is the standout laggard in G10 FX, AUD a touch lower post-CPI.Softer-than-expected Australian CPI data supported the case for the RBA to pause at next...

European bourses were initially firmer in a continuation of the APAC tone; however, benchmarks have tilted slightly red as Banking names pare gainsStateside, futures are similarly softer ahead of the Senate Banking Committee hearing on the recent banking turmoilDXY is softer in relatively modest parameters with Antipodeans and JPY leading while CHF lagsEGBs and USTs remain lower given the stronger APAC handover/European start, but as...

APAC stocks traded mixed with a mild positive bias as global banking sector fears continued to dissipate.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.3% after the cash market closed up 0.3% on Monday.In FX, DXY extended declines below 103, JPY leads G10 FX, EUR/USD and Cable linger just above 1.08 and 1.23 respectively.10yr USTs attempted to nurse recent losses, crude futures plateaued and...

European bourses are in the green across the board, Euro Stoxx 50 +0.9%, with banking names outperforming initially after the concerns at the tail-end of last week.Stateside, futures are more tentative though the ES +0.4% is firmer and back above 4k after incrementally losing the figure in the European morning.FRC is bolstered in the pre-market amid reports the US is considering given the name more time & providing further support to...