Newsquawk Rundown, Daily Podcast

The Fed delivered a widely expected 50bps rate hike and provided hawkish revisions to the dot plots.US stocks ultimately finished lower with the S&P 500 back below 4K, APAC stocks were subdued overnight.European equity futures were mildly lower with the Euro Stoxx 50 future down 0.4% after the cash market closed with losses of 0.3% yesterday.DXY was firmer overnight but sub-104 after swinging between gains and losses in the...

European bourses are under pressure across the board, Euro Stoxx 50 -0.7%, as the CPI-induced upside wanes ahead of the FOMC & Powell thereafterUSD has continued to slip with the index down to 103.66 at worst, nearing Tuesday's 103.57 trough to the benefit of most G10 peers.JPY outperforms with USD/JPY dropping below 135.00 to a 134.61 low in wake of BoJ sourcesBunds under marked pressure given a sizeable 2023 issuance remit and...

APAC stocks took impetus from the gains across global peers following the softer-than-expected US CPI (SPX +0.73%, NDX +1.1%).European equity futures were steady with the Euro Stoxx 50 future up 0.1% after the cash market closed with gains of 1.7% yesterday.DXY remains lacklustre and lingers just above the 104 mark, EUR/USD and USD/JPY sit on 1.06 and 135 handles respectively.US Congressional negotiators said they reached a deal...

European bourses are firmer across the board Euro Stoxx 50 +0.8%, though action has been choppy with fresh drivers limited.US futures are similarly bid, though comparably more contained ahead of CPI and 30yr supplyDXY is bid, but has been unable to convincingly breach the 105.00 mark despite a brief foray to 105.09, with peers generally contained vs USD.EGBs have been pressured throughout the morning, with Bunds initially lagging though...

APAC stocks were mostly kept afloat following the gains on Wall St where the major indices unwound recent losses (S&P 500 +1.4%).Hong Kong Chief Executive Lee announced an end to the COVID contact tracing app requirement and will eliminate the three-day arrival monitoring period.European equity futures were firmer with the Euro Stoxx 50 future up 0.4% after the cash market closed with losses of 0.5% yesterday.DXY sits just below the...

European bourses are under modest pressure, Euro Stoxx 50 -0.2%, as the cautious APAC tone continues but with magnitudes limited given the lack of newsflow.USD's initial extension faded with the index drifting within 105.23-104.72 parameters, peers mixed but generally rangebound.EGBs & Gilts have meandered to fresh intra-day peaks, though newsflow and drivers behind the upside are essentially non-existent.Crude benchmarks are under...

APAC stocks began the week with mild losses following the subdued performance last Friday on Wall Street.European equity futures were lower with the Euro Stoxx 50 future down 0.5% after the cash market closed with gains of 0.5% on Friday.USD is broadly firmer vs. peers, EUR/USD maintains 1.05 status and USD/JPY lingers around the 137 mark.Crude prices were slightly higher in some mild respite from the recent selling...

Equities in Europe trade with no firm direction in what has been a quiet morning session thus far in holiday-thinned volumesDXY managed to derive some support after losing 104.50 in early trade, with peers generally contained though JPY & CHF 'outperform'EGBs and USTs continue to diverge, but overall action has been limited given a lack of drivers and thin volumes.WTI Jan and Brent Feb remain firmer intraday but in the grander scheme...

APAC stocks traded mostly higher as the region took impetus from the gains on Wall Street; Hang Seng and Shanghai Comp were indecisiveUS equity futures held on to the prior day's gains but lacked any significant follow-through during Asia hoursDXY continued to weaken after retreating beneath the 105.00 level yesterday, G10s were firmer against the USD, and USD/JPY fell below 136.00US Treasury Secretary Yellen said dollar movements largely...

European bourses and US futures reside in narrow ranges are essentially pivoting the unchanged markDXY has managed to regroup amid an initial retreat in USTs; though, the index remains around the mid-point of a 105.04-105.42 rangeEGBs & their UK counterpart have, despite initial pressure, staged a firm rally to a test/eclipse of Wednesday's peaks; USTs remain lowerCrude benchmarks are consolidating after yesterday's mid-week pressure,...