Newsquawk Rundown, Daily Podcast

European bourses are mixed as the initial positive bias faded amid downward PMI revisions and increasing geopolitical tensionsUS futures similarly contained and less reactive to the above factors pre-FOMCDXY under modest pressure to the benefit of G10 peers with antipodeans and JPY outpacing, EGBs/USTs contained with a slight negative biasCrude benchmarks have given up their USD and China induced APAC upside amid downbeat commentary from...

APAC stocks were mixed with the region cautious after the lacklustre handover from the US ahead of the FOMCDXY slightly softened after the choppy performance yesterday, EUR/USD traded marginally higher, USD/JPY retreated overnightNorth Korea reportedly fired at least 10 missiles from the east and west coasts; South Korea launched air-to-ground missiles which were fired towards the north of the maritime borderChina locked down the area...

European bourses are firmer across the board with commodity stocks leading the way on the overnight China COVID rumours.Stateside, futures are similarly supported though magnitudes a touch more contained ES +0.8%; NQ outperforms as global yields pullback.Unconfirmed reports that a Chinese committee is being formed to assess how to exit COVID Zero; however, this was subject to push backUSD pressured as risk rebounds and yields retreat,...

APAC stocks traded firmer as risk appetite improved following a decline on Wall Street; ES +0.6%DXY softened amid the improved risk appetite and as yields took a breather from recent gains, G10s were firmer across the boardAUD/USD pared some of its gains after the RBA stuck to a 25bps hike and refrained from any major hawkish surprisesChina’s Zhengzhou region said that the city will lift the temporary control for COVID-19 low-risk regions...

European bourses began the week modestly firmer, though this proved shortlived and the complex has pivoted to being mixed overall in-fitting with the APAC handoverStateside, futures are under more pressure, ES -0.5% as yields pickup a touch, NQ -0.7% lags slightly as suchUSD is bolstered by the general risk tone, Yuan pressure post-PMIs and the latest piece from WSJ's Timiraos; DXY to a 111.20+ peakCore fixed benchmarks pressured with...

APAC stocks traded mostly positively following last Friday’s rally on Wall St although gains were capped by Chinese PMIs and COVID woes ahead of FOMC and US NFP this weekDXY was rangebound below 111.00, USD/JPY advanced at the Tokyo open and briefly reclaimed the 148.00 handle, Antipodeans were kept afloat amid the mostly positive risk toneRussia announced it is suspending the UN-brokered grain agreement with Ukraine; wheat futures rallied over 5% in the early...

European bourses are pressured across the board, Euro Stoxx 50 -0.9%, deriving direction from downbeat APAC and US after-market trade.Stateside, the NQ -1.3% is the clear underperformer amid pressure from after-market earnings; AMZN -13%DXY extends recovery gains to probe 111.000 and this time thanks in large part to the Yen; EUR cushioned by inflation printsEGBs are under broad pressure as ECB speakers come out in full hawkish force...

APAC stocks traded mostly lower but off worst levels following a mixed lead from the USAmazon shares initially slumped around 20% following disappointing earnings, Apple earnings were ultimately better-receivedECB rate hike was not unanimous, three officials wanted only a 50bp move, and the ECB did not mean to imply slower hiking with the "progress" remark, according to Bloomberg sources.BoJ maintained its policy settings and reiterated...

European bourses are under modest pressure, Euro Stoxx 50 -0.5%, with the region digesting earnings and largely just awaiting the ECBFTSE 100 is the relative outperformer post-Shell while US futures are mixed & META is hampered after earnings, -20% pre-marketDXY tops 110.00 vs bottom near 109.500 with EUR and GBP both fading from initial peaks in turnCore debt has slipped from a brief mid-week recovery with yields elevated as such,...

APAC stocks traded mixed following a similar lead from Wall Street and amid a lack of fresh fundamental drivers overnightDXY edged high, USD/JPY tested 146 to the downside, and the Yuan pared back some recent gainsUK PM Sunak is reconsidering tax rises as an improving economic picture means the PM is examining whether some of the sweeping measures can be watered down, according to The TelegraphEuropean equity futures saw modest losses...