Newsquawk Rundown, Daily Podcast

Fed said it is to provide liquidity to US depository institutions in which each Federal Reserve bank would make advances to eligible borrowers.Goldman Sachs said it no longer expects the Fed to hike rates at the March meeting in light of recent stress in the banking system; expects hikes in May, June and July.APAC stocks traded mixed with financials hit amid the fallout from the SVB collapse and subsequent failure of Signature Bank.US (ES...

European bourses are lower across the board, Euro Stoxx 50 -1.5%, as contagion fears from SVB dents risk sentiment and weighs heavily on banks, SX7P -4.0%.Stateside, futures remain under pressure with the ES around 3900 while the NQ is the relative outperformer, and little changed overall, with yields lower.USD has failed to benefit from the risk tone while JPY lags as hawkish bets unwind post-BoJ and GBP outperforms after data and aided by EUR/GBP...

APAC stocks declined amid headwinds from the banking sell-off in the US owing to contagion fears related to Silicon Valley Bank.BoJ kept policy settings unchanged, as expected, with the decision on YCC made by a unanimous vote.European equity futures are indicative of a lower open with the Euro Stoxx 50 -1.6% after the cash market closed down 0.1% on Thursday.In FX, USD is steady on a 105 handle, JPY lags post-BoJ, EUR/USD and Cable sit...

Equities are under pressure as sentiment has slipped modestly throughout the European morning, ES -0.2%.The DXY is similarly weighed on and is below Wednesday's trough to the benefit of FX across the board; JPY outpaces pre-BoJ.Core fixed income is back within tighter ranges after an initial decline in the early European morning; long-end yields bid.Commodities are generally rangebound with catalysts somewhat limited and focus on geopols...

Equities are under pressure as sentiment has slipped modestly throughout the European morning, ES -0.2%.The DXY is similarly weighed on and is below Wednesday's trough to the benefit of FX across the board; JPY outpaces pre-BoJ.Core fixed income is back within tighter ranges after an initial decline in the early European morning; long-end yields bid.Commodities are generally rangebound with catalysts somewhat limited and focus on geopols...

APAC stocks traded mostly rangebound after the choppy performance in the US, while the region also digested weak data including softer-than-expected Chinese inflation.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed up 0.2% on Wednesday.DXY is contained and holding onto gains on a 105 handle, EUR/USD and Cable remain on 1.05 and 1.18 handles respectively, JPY leads G10...

Equities are mixed within fairly narrow parameters given the tentative post-Powell sentiment ahead of ADP & numerous speakers.DXY has lifted to a fresh YTD peak, with peers mixed as AUD outperforms and JPY lags.GBP was unfazed by Dhingra reiterating a preference to pause tightening, in remarks that were not as explicit as dovish-peer Tenreyro.Fixed income is attempting to tick higher, in what is more an attempted consolidation than...

APAC stocks were mostly lower amid headwinds from Wall St where risk assets suffered after Powell's hawkish testimony.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 -0.2% after the cash market closed down 0.8% on Tuesday.DXY lingers around YTD highs post-Powell, AUD is attempting to claw back recent losses, JPY lags.Hawkish Fed pricing saw the curve hit its most-inverted levels in over 40 years...

European bourses & US futures are contained in relatively narrow ranges pre-Powell, following firmer but ultimately capped APAC action on China trade dataDXY continues to inch higher but has stalled at 104.50 before Monday's 104.69 best; AUD lags post-RBAEGBs/Gilts initially tested/breached Monday's best, but have pulled back slightly following relatively lacklustre auctionsUSTs are firmer and at the top-end of their range ahead of...

APAC stocks traded mostly higher although gains were capped as participants digested the latest Chinese trade data.Chinese trade data showed a continued contraction in both dollar-denominated exports and imports.RBA hiked rates by 25bps as expected but provided a slightly less hawkish tone.European equity futures are indicative of a contained open with the Euro Stoxx 50 flat after the cash market closed up 0.4% on...