Newsquawk Rundown, Daily Podcast

Major bourses in Europe hold a downside bias after seeing some choppiness at the cash open and following a mixed APAC handover; US futures are also softerUS Midterm Elections are mostly as expected so far with GOP's leading the House while the Senate is seen as a toss-up; there was very little market reaction in response to the mid-terms overnightDXY attempts to nurse some recent losses and trades on either side of 110.00 whilst the GBP and NZD...

US Midterm Elections are mostly as expected so far with GOP's leading the House while the Senate is seen as a toss-up.There has been very little market reaction in response to the mid-terms with the Dollar, US indices and T-notes all contained.European equity futures were subdued with Eurostoxx 50 futures down 0.4% after the cash market closed up 0.8% yesterday.DXY is marginally firmer vs. peers, EUR/USD is contained above parity,...

Major bourses in Europe portray a mixed picture with no clear conviction seen heading into the US mid-term elections, US equity futures post mild gains but with price action containedDXY gleaned some traction across the board amidst a firmer rebound in Treasury yields, renewed weakness in the Yuan and general consolidation ahead of impending risk eventsUS Treasuries were first off the block in terms of paring more losses from worst levels to turn marginally...

APAC stocks were mixed as the region only partially sustained the early momentum seen following the positive handover from Wall St.European equity futures are contained with Eurostoxx 50 futures up 0.1% after the cash market closed up 0.6% yesterday.DXY is a touch firmer and on a 110 handle, EUR/USD lingers around parity, Cable is back below 1.15.UK PM Sunak is expected to increase pensions and benefits in line with inflation, according...

Major bourses in Europe kicked off the session with mild losses across the board, but have since moved firmly into the green amid China-COVID focusAmidst this, the DXY has faded significantly from an initial rebound to 111.28 highs; currently, holding around 110.30 to the mixed benefit of peersCore counterparts have spent the morning under pressure amid the increasingly constructive risk tone; however, this has eased and USTs are now essentially...

APAC stocks mostly gained as investors continued to pile on the reopening bets despite China 'unswervingly' maintaining its COVID approach, while the region also shrugged off disappointing Chinese trade dataDXY began with early gains and rose back above 111.00 amid the initial risk aversion; G10s were lower and Antipodeans underperformedChina’s health commission spokesman said China will not waver in preventing a COVID rebound and in the dynamic clearing of cases...

European bourses are firmer across the board as the complex benefits from further rumours around an easing of China's COVID policy, Euro Stoxx 50 +1.4%Stateside, futures are firmer across the board with magnitudes a touch more contained vs Europe pre-NFPDXY has pulled back from overnight peaks, where it tested but failed to attain 113.00, Antipodeans & Yuan outperformCore fixed benchmarks are little changed overall with USTs...

APAC stocks were mixed with Chinese stocks rallying on unverified reopening rumours, although the rest of the region was containedDXY retreated beneath the 113.00 level, EUR/USD rebounded as the dollar eased overnight, USD/JPY was choppy around 148.00US audit inspectors finished on-site China work ahead of schedule, according to BloombergUK Chancellor Hunt is mulling an increase in the headline rate of Capital Gains Tax, according to The...

European bourses are subdued across the board, Euro Stoxx 50 -0.8%, as the post-Powell pressure reverberates across from APAC trade.Stateside, futures are lower across the board though only marginally so with a busy session ahead incl. BoE and ISM Services PMI; ES -0.3%, NQ -0.3%.USD continues to rise to the detriment of peers across the board following the FOMC/Powell-presser; DXY to a 112.98 peak from a 111.81 base.NOK has been impaired...

US stocks ultimately suffered notable losses after markets saw a dovish reaction to the Fed statement but a hawkish one during Powell’s presserFOMC hiked rates by 75bps as expected and noted the Fed will take into account "the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments"Fed Chair Powell during the presser suggested they still have some ways to go...