Newsquawk Rundown, Daily Podcast

European bourses have spent much of the morning fairly contained but with a gradually increasing negative bias, as the recent rally pauses amid numerous geopolitical developments.DXY is once again on the backfoot and sub-106.00 to the modest benefit of peers, ex-JPY.The bund is currently near the unchanged mark despite some fairly marked gyrations overnight and throughout the European morning amid geopols. & hot UK CPI.Crude...

APAC stocks traded lower throughout the session but climbed off session lows as markets juggled the US PPI data and the latest geopolitical developments.Polish Foreign Ministry said a "Russian-made" rocket landed in a Polish village at 15:40 local time on TuesdayUS officials said initial findings suggest the missile that hit Poland was fired by Ukrainian forces at an incoming Russian missile, according to AP.DXY traded on either side of...

European bourses are mixed overall, Euro Stoxx 50 +0.2%, as opening gains scale back after a mostly constructive APAC session.Stateside, US futures are firmer across the board with Tech leading after strong APAC tech trade and in wake of Fed's Brainard, ES +0.7%.DXY continues to slip after a pronounced move which occurred prior to the European cash open, currently near sub-106.00 lows to the broad benefit of peers.BTPs are leading the...

APAC stocks traded mixed following a weak lead from Wall Street (S&P 500 -0.9%) with newsflow also quiet overnightChinese Retail Oct Sales contracted Y/Y, whilst Industrial Output missed expectations; Japanese Q3 GDP unexpectedly contractedDXY traded on either side of 107.00, EUR/USD and GBP/USD were flat, AUD was unfazed by RBA minutes, JPY laggedEuropean equity futures traded with modest gains throughout the session with the Euro...

European bourses are posting mild gains, Euro Stoxx 50 +0.2%, with participants awaiting the conclusion of the Biden-Xi meeting.Stateside, futures are pressured as the recent rally seemingly runs out of steam and also following Fed's Waller pushing back on the post-CPI reaction, ES -0.4%.DXY has surpassed the 107.00 mark to the detriment of the traditional havens while the Yuan continues to draw focus.A concerted bid has recently been...

APAC stocks traded mixed despite the positive lead from the US; Hong Kong outperformed on reports China is looking to support its property sectorDXY attempted to claw back recently lost ground but remained under 107.00; Yuan outperformed following a much stronger PBoC fixing vs FridayBitcoin declined under USD 16,000 overnight whilst Ethereum fell under USD 1,200 amid contagion fears from the collapse of FTXUS President Biden and Chinese...

Major bourses in Europe are mostly firmer following CPI-induced optimism, with added tailwinds from China easing COVID measures; FTSE 100 lags DXY tumbles with G10s all firmer against the Buck, whilst the Yuan outperforms in the EM-spaceCrude futures and base metals are extending the gains seen overnight which were sparked by China’s COVID updateChinese President Xi will meet with US President Biden, according to the Chinese Foreign...

APAC stocks traded with firm gains as the region followed suit to the post-CPI global stock surge which saw the Nasdaq 100 close higher by 7.5%.Chinese stocks were boosted in late trade after China relaxed some of its COVID protocols for close contacts and inbound travel.European equity futures were marginally higher with Eurostoxx 50 futures up by 0.9% after the cash market closed with gains of 3.2% yesterday.DXY remains at...

Major European bourses mostly hold a downward bias following weak handovers from Wall Street and then APAC; US futures are flatIn FX, DXY found a base just above 110.00 before making its way to 111.00; GBP outperforms and the EUR lagsFed’s Kashkari said any talk of a pivot is premature and added that they will do what is needed to bring inflation back downFTX is seeking emergency funding to meet withdrawal requests and without funding...

APAC stocks traded negatively as the region followed suit to the losses stateside which were prompted by crypto concerns and a stronger USD.European equity futures were subdued with Eurostoxx 50 futures lower by 0.6% after the cash market closed down 0.3% yesterday.DXY is softer but on a 110 handle, EUR/USD trades above parity, Cable lingers around 1.14.Binance walked away from the FTX deal due to diligence and reports on the mishandling...