Newsquawk Rundown, Daily Podcast

European bourses are little changed overall but do feature a slim positive skew, Euro Stoxx 50 +0.1%, pre-NFP; US futures similarly containedDXY maintains its recovery momentum ahead of the US agenda with the index up to a 105.52 peak at best, with JPY taking the brunt of this.EGBs experienced modest but ultimately fleeting downside in wake of hot core/super-core EZ inflation, though the benchmarks are little changed overall pre-NFPCrude...

APAC stocks traded with cautious gains despite a negative lead from Wall Street, and ahead of the US labour market dataDXY traded within a tight pre-NFP range just above the 105.00 level after notching a 103.98-105.27 parameter yesterdayChina could ease "three red lines" property rules in a major shift, according to Bloomberg sourcesUS House voted to adjourn until noon Friday after failing to elect a House Speaker; a source close to...

European bourses are mixed but with a slight negative bias, Euro Stoxx 50 -0.2%, following a similar APAC handover ahead of US data with US futures little changed.Dollar mixed awaiting busy pm agenda on the eve of NFP and after choppy moves post-FOMC minutes with peers mixed vs USD.Currently, Bund, USTs and Gilts are within touching distance of the unchanged mark, with yields diverging slightly between EGBs and USTs.Little reaction to the...

APAC stocks traded positively throughout most of the session but bourses later drifted off best levels; the US closed in the green after some FOMC-related volatilityFOMC December minutes highlighted how no Fed official sees a rate cut in 2023 albeit there was no discussion about the magnitude of the hike in FebruaryDXY was choppy and briefly dipped under 104.00 to a session low of 103.98 before reversing to print an overnight peak; JPY outperformed among G10s and...

European bourses have extended on Tuesday's upside, Euro Stoxx 50 +1.6%, with soft inflation data out of France adding to the week's dovish impulses.Stateside, futures are supported though to a lesser extent than European peers, ES +0.4%, as the region awaits key data points and the ES remains sub-3900.DXY has retreated with AUD outperforming while EUR remains supported on PMIs and the USD despite dovish inflation data.Bonds boosted once...

APAC stocks traded mostly firmer despite the negative handover from Wall Street; Hang Seng outperformed whilst Nikkei lagged.European equity futures held onto modest gains with the Euro Stoxx 50 future +0.3% after the cash market closed +0.7% yesterday.DXY pulled back to levels under 104.50 after, technicians also eye a potential “death cross” in the index.US House is adjourned until 12:00EST (17:00GMT) on Wednesday after three failed...

European bourses are firmer across the board, Euro Stoxx 50 +1.4%, as the region's strong start to 2023 continues despite soft Chinese NBS PMIsStateside, futures are supported with the ES back above 3900 ahead of the week's risk events from Wednesday onwards.Dollar erases and reverses losses on positional, fundamental and technical grounds with EUR deflated by sub-consensus German state CPIsFixed income boosted by the German inflation...

European bourses are marginally firmer, Euro Stoxx 50 +0.2%, with the Stoxx 600 on track to end the week with upside of circa. 0.6%.Stateside, futures are similarly supported, ES +0.3%, though we await US monthly PCE metrics for another factor into the Fed's deliberations.Dollar has waned with peers taking advantage with debt continuing to decline and curves re-steepeningCrude benchmarks are firmer and eclipsing other assets following the...

APAC stocks traded mostly lower but drifted off worst levels following a similar performance statesideDXY fluctuated within a tight range in which it briefly topped 104.50 before drifting to a fresh session low; JPY laggedJapanese Core CPI for November rose at the fastest annual pace since 1981Tesla (TSLA) CEO Musk said he will not sell any more Tesla stock for at least 18-24 months; waiting to see the extent of a recession before share...

European bourses & US futures are steady near the unchanged mark within relatively narrow ranges in limited newsflowCrude has clawed out incremental WTD peaks, given the softer USD and latest China-COVID reportsDXY remains in proximity to 104.00, though was pushed modestly below the figure to the benefit of peers ex-GBPEGBs lost initial recovery momentum with drivers limited while USTs retain a positive...