Newsquawk Rundown, Daily Podcast

Equities in Europe are mostly lower despite initial positive performance; US futures bid, but shy of best.European earnings include ASML & Nestle; NFLX +13% in pre-market following their after-hours updateFranc flounders as Dollar rebounds alongside bear-steepening in US Treasuries, USD/CHF probes parity as DXY tops 112.500.Gilts dented post-CPI which topped 10%, though clawed back losses to mid-97.00; broader complex pressured,...

APAC stocks were mixed following the choppy performance stateside where major indices wobbled on news that Apple cut iPhone 14 Plus production.US futures were supported after Netflix beat on top and bottom lines and more than doubled expected quarterly net subscriber additions.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +0.8% after the cash market closed with gains of 0.6% yesterday.DXY...

Equity bourses in Europe trade with gains across the board but are off best levels; US futures are faring betterNZD leads after strong CPI while GBP lags as the BoE pushes back on QT delay reports, DXY firmer but off bestYen pares some losses from under 149.00 against the Dollar amidst some unsubstantiated talk of interventionOverall fixed complex is pressured, with Gilts lagging though Bunds are in close proximity and below 136.00 post...

APAC stocks were positive with the region inspired by gains in global counterparts (SPX +2.66%).European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.2% after the cash market closed with gains of 1.8% yesterday.BoE is reportedly expected to further delay quantitative tightening until gilt markets calm, according to FT.DXY is softer and on a 111 handle, GBP is supported post-QT delay expectations, NZD...

European bourses see a choppy session but have tilted towards the green after experiencing a mixed cash open.US equity futures see gains across the board following the steep losses on Friday - with the NQ and RTY narrowly outperforming.Gilts gap-up and lead the way ahead of a potential "mini-Budget" U-turn from new Chancellor Hunt, peers buoyed in turn.Pound perkier in turn with the DXY modestly pressured to the benefit of peers across...

APAC stocks were softer across the board after US stocks sold off on Friday, with losses broad-basedDXY was indecisive around the 113.00 level, GBP/USD reclaimed the 1.1200 status with the currency underpinned following the fiscal U-turns in the UK and after BoE Governor BaileyBoE Governor Bailey said they will not hesitate to raise interest rates to meet the inflation target; UK Chancellor Hunt said ‘yes’ when asked if he can change the mini-Budget...

European bourses trade on a firmer footing in an extension of yesterday’s gains; US futures are more containedDXY hovers around 113.00; GBP sits as the laggard as it unwinds some of the prior day's gains, USD/JPY topped yesterday's high of 147.67Gilts are back above 97.00 amidst further reports that some economic plans may be reversed by the UK PM later today who to hold a press conference today at 14:00BST/09:00EDTNorth Korea fires...

APAC stocks took impetus from the aggressive rebound on Wall St (SPX +2.6%) where stocks made a remarkable comeback from the initial CPI-related selling.European equity futures are indicative of a higher open with the Euro Stoxx 50 future +1.8% after the cash market closed with gains of 0.9% yesterday.DXY remains on the backfoot, Cable sits on a 1.13 handle, EUR/USD lingers around 0.98 and antipodeans outperform.UK PM Truss could...

European bourses saw a choppy start to the session but have since been trending higher, with US futures are moving in tandemDXY declined under 113.00 as GBP strengthened; EUR and Antipodeans gain whilst USD/CNH tested 7.2000 to the upsideUS Treasuries are observing some caution whilst EU bonds trim yesterday's losses and Gilts outperformFed's Bowman (voter) said sizeable rate hikes should remain on the table if they do not see signs that...

APAC stocks traded cautiously following the soft handover from Wall Street post-PPI and FOMC minutes.FOMC minutes noted that officials judged they needed to move to and maintain a more restrictive policy stance, although several participants noted that risks could become more two-sided.European equity futures are indicative of a lower open with the Euro Stoxx 50 future -0.5% after the cash market closed with losses of 0.3% yesterday.DXY...