Newsquawk Rundown, Daily Podcast

European bourses are posting modest gains of circa. 0.3% in a continuation of the firmer APAC handover where the upside was capped by China's GDP targets.US futures are essentially unchanged given the above and as participants await the week's commentary from Fed officials, incl. Chair Powell, and Friday's NFP report.China set its 2023 GDP target at circa. 5.0% (exp. 5.0-5.5%), CPI target around 3%, jobless-rate around 5.5%.The DXY is...

APAC stocks were mostly positive as the majority of bourses took impetus from last Friday’s gains on Wall St.China will target 2023 GDP growth of about 5.0% (exp. 5.0%-5.5%) and CPI around 3%.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.4% after the cash market closed up 1.3% on Friday.DXY is a touch softer vs. peers, EUR saw mild gains post-Lagarde, antipodeans softer vs....

European bourses are firmer across the board, Euro Stoxx 50 +0.9%, in a continuation of the firmer Wall St./APAC handover; US futures bid, though to a lesser extent.DXY is under pressure with G10 peers firmer across the board as UST yields ease across the curve, CHF the main beneficiary.Fixed income benchmarks are bid across the board as yields continue to pullback in an extension of APAC action with EZ PPI data assisting.Crude benchmarks...

APAC stocks traded mostly higher amid tailwinds from the US and as the region also digested further strong Chinese Caixin PMI data.Fed's Bostic (non-voter) said the Fed may be in a position to pause by mid-to-late summer.European equity futures are indicative of a higher open with the Euro Stoxx 50 +0.6% after the cash market closed up 0.6% yesterday.DXY is a touch softer and back on a 104 handle, EUR/USD hovers just above 1.06, Cable is...

European bourses are softer across the board, Euro Stoxx 50 -0.5%, though off lows with limited reaction to EZ HICP ahead of minutes/Schnabel.US futures are similarly pressured, NQ lags given yield upside; CRM +15% and TSLA -6.% pre-market.USD has been aided by yields and geopolitical jitters, to the detriment of peers across the board with EUR unreactive overall to HICP.A hawkish release which sent Bunds to just shy of earlier lows,...

APAC stocks were choppy and mostly traded rangebound after the uninspiring handover from Wall Street.European equity futures are indicative of a marginally softer open with the Euro Stoxx 50 -0.1% after the cash market closed down 0.5% yesterday.DXY heads into the European session firmer vs. peers but still on a 104 handle.10yr UST futures extended on their losses as the 10yr yield rose back above 4.00%.Looking...

Both European and US equity futures are firmer, in a continuation of the data-inspired APAC handover; US ISM & Fed speak aheadSpecifically, the data released included the fastest pace of expansion for Chinese Manufacturing PMI in more than a decade.DXY has been pressured by marked Yuan action, while GBP lags post-Bailey and EUR outperforms ahead of German mainland CPI.EGBs are softer on the session, give state CPIs & Nagel, though...

APAC stocks were mostly positive as the region digested a slew of data releases.Official Chinese PMI printed its highest level since April 2012 and Caixin Manufacturing PMI also returned to expansion territory.European equity futures are indicative of a contained open with the Euro Stoxx 50 +0.1% after the cash market closed down 0.2% yesterday.DXY is a touch softer and back on a 104 handle, EUR/USD lingers below the 1.06 mark, JPY lags...

European bourses are mixed/flat, Euro Stoxx 50 +0.1%, as the initial pressure from hot French/Spanish inflation readings has eased through the morning.US futures in-fitting with the above ahead of Fed speak; AAPL lower on Foxlink, CVX higher post-buyback update.DXY is firmer, but is closer to the session trough, while EUR has faded initial CPI-induced upside, GBP outperforms & JPY lags.Debt futures fade with Bunds at a fresh cycle low...

APAC stocks eventually traded mixed heading into month-end and despite the early momentum from the positive close on Wall St.European equity futures are indicative of a flat open with the Euro Stoxx 50 Unch. after the cash market closed up 1.7% yesterday.DXY is a tad firmer but remains sub-105, antipodeans lag, Cable maintains 1.20 status.Northern Ireland DUP Leader Donaldson said they will now assess proposed Brexit arrangements against...