Newsquawk Rundown, Daily Podcast

European bourses are flat/mixed and have struggled for direction all morning despite fleeting hawkish reactions to the region's PMIsStateside, action is similarly ahead of a somewhat busier data docket on the last full session before ThanksgivingDXY reclaims but struggles to advance on 107.00 while Kiwi flies post 75bp RBNZ hike, GBP bolstered by PMIs & a court rulingGilts outperform ahead of supply and BoE's Pill while core EGBs are...

APAC stocks took impetus from the positive handover from Wall St where sentiment was underpinned amid a global risk revival.European equity futures were modestly higher with the Euro Stoxx 50 future +0.3% after cash markets closed up by 0.5% yesterday.DXY trades flat just above the 107 mark, EUR/USD is back on a 1.03 handle, NZD is firmer post-RBNZ.The RBNZ delivered a historic 75bps rate hike and raised its peak OCR forecasts to 5.50%...

European bourses are modestly firmer, Euro Stoxx 50 +0.2%, though fresh developments have been limited and the upside itself is tentative at best.USD has lost overnight recovery momentum with peers benefiting across the board with the Kiwi leading ahead of the RBNZRangebound trade for core fixed income, though intraday boundaries have extended on both sidesComparably contained session for the crude complex after yesterday’s pronounced...

APAC stocks were mostly positive as regional bourses attempted to recover from the recent China COVID woes.European equity futures were modestly higher overnight with the Euro Stoxx 50 future +0.2% after cash markets closed lower by 0.4% yesterday.DXY has pulled back after topping out just shy of 108, USD/JPY Is back below 142 and EUR/USD remains stuck on a 1.02 handle.Saudi officials denied talk of an increase in OPEC+ oil...

European bourses are pressured across the board, Euro Stoxx 50 -0.6%, as China's COVID crackdown weighs on sentimentStateside, futures are similarly impaired at the start of a holiday-thinned week with today's US docket particularly thin ex-supplyUSD has benefited from above risk-aversion with G10 peers lower across the board, particularly Yen & YuanDespite pronounced action earlier on, core fixed benchmarks are in relative proximity...

APAC stocks began the week mostly lower amid headwinds from China after several areas announced fresh virus restrictions.European equity futures were softer overnight with the Euro Stoxx 50 future -0.3% after cash markets closed higher by 1.2% on Friday.DXY is back on a 107 handle with EUR/USD, Cable and USD/JPY on 1.02, 1.18 and 140 handles respectively.Fed’s Bostic (2024 voter) believes that another 75bps-100bps tightening will be...

European bourses have experienced a firm bounce throughout the morning, Euro Stoxx 50 +1.2%, one which has occurred without a clear fundamental driver.Stateside, performance is much the same though magnitudes are a touch more contained, ES +0.6%.Core benchmarks are under notable pressure, downside which seemingly commenced without a clear catalyst or driver and prior to the latest remarks from ECB’s Lagarde & TLTRO.III repaymentDXY...

APAC stocks traded mostly firmer as sentiment somewhat picked up following the negative handover from Wall StreetDXY was choppy on either side of 106.50 but held a downside bias whilst G10s gained and the NZD and GBP outperformedEuropean equity futures were firmer overnight, with the Euro Stoxx 50 future +0.7% after cash markets closed lower by 0.1%.North Korea fired a missile believed to be an ICBM with the capacity to reach the US...

Stocks in Europe are on a mixed footing after scaling back opening gains with no clear fundamental catalyst driving price action thus far ahead of numerous events.Similar action in US futures with the ES back below 4k ahead of data, Fed speak and some corporate updates.DXY has seen an intra-day recovery from a 106.08 low to a 106.68 peak, with G10 peers now all pressured vs initial modest upside against the Greenback.Gilts unchanged ahead...

APAC stocks traded mostly lower throughout the session following the downbeat lead from Wall Street (-0.8%). DXY was choppy in a tight range and traded on either side of 106.50 after printing a 105.85-106.79 range yesterday; Yuan underperformedECB officials may favour a 50bps rate hike in December rather than 75bps, although an inflation surge could still lead to 75bps, according to Bloomberg sourcesFed's Waller (voter, hawk) said...