Newsquawk Rundown, Daily Podcast

US stocks closed with losses amid broad risk aversion on the eve of the FOMC; APAC stocks traded lowerIn FX, DXY was quiet but held onto recent gains, EUR/USD was subdued, USD/JPY was rangebound10yr UST futures were lacklustre amid pre-FOMC positioning, Bund futures languished near the prior day's lowsRussian President Putin is expected to speak at 07:00BST/02:00EDT to announce the annexation of around 15% of Ukrainian...

Bourses across Europe have been dipping with sentiment initially sullied by a marked and unexpected acceleration in German PPIUS equity futures have slipped into negative territory, but the breadth of the market remains shallow as the clock ticks down to the FOMC tomorrowDXY remains towards the top of today's intraday band but under the 110.00 mark, JPY failed to gain impetus from hotter-than-expected Japanese CPIDebt futures continue to...

APAC followed suit, but gains were capped ahead of risk eventsDXY lacked direction after a pullback from 110.00, EUR/USD remained above parity, USD/JPY traded rangebound, and Antipodeans were lacklustre10yr UST futures marginally gained, Bund futures were subdued, and 10yr JGB futures traded indecisivelyJapanese CPI topped forecasts and remained above the BoJ’s target, whilst China’s PBoC maintained its LPRs and set a stronger CNY fix for...

The subdued tone seen across a holiday-thinned APAC session reverberated into Europe; US futures are softerThe Dollar regrouped and regained a bid on a combination of technical and positional factors; DXY topped  110.00 but remains shy of Friday's bestBonds have extended to the downside, WTI and Brent futures have resumed the sell-off, and crypto markets remain pressuredUS President Biden said US forces would defend Taiwan in the...

Euro-bourses see the deepest losses whilst the FTSE 100 is cushioned by the slide in the PoundGBP extended losses in wake of significantly weaker than forecast ONS retail sales data, with Cable sliding to the lowest level since 198510yr T-note is almost flat ahead of preliminary Michigan sentiment which will be watched closely for inflation expectationsChina will impose sanctions on CEO of Raytheon Technologies (RTX) and CEO of Boeing...

APAC stocks fell despite better-than-expected Chinese activity data as the region took its cue from the losses in the US.Chinese IP and Retail Sales exceeded expectations. NBS said the economy continued a recovery trend in August.European equity futures are indicative of a weaker open with the Euro Stoxx 50 future -0.8% after the cash market closed down by 0.7% yesterday.DXY was choppy on a 109 handle, EUR/USD continued to move above...

European bourses modestly extended on the gains seen at the open despite a lack of fresh fundamental; US equity futures trade sideways DXY has been waning off its 109.92 best towards 109.50, but the Buck extended gains against some EM currenciesChoppy price action seen in the fixed income and crude complexes; spot gold eyes multi-year lowsWhite House said the tentative railway labour agreement reached is an important win for the...

APAC stocks mostly traded with mild gains after the slight reprieve on Wall Street (SPX +0.34%, NDX +0.84%).European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.1% after the cash market closed down by 0.5% yesterday.DXY remains on a 109 handle, EUR/USD is unable to reclaim parity and USD/JPY retraced some of its weakness.In commodities, crude was little changed, copper was marginally firmer...

European bourses trade mostly lower but off worst levels, but the sentiment remains dampened; US futures are modestly firmerJPY is in focus and stands as the outperformer amid overnight reports of a rate check conducted by the BoJ; DXY is pressured Gilts and the 10 year T-note have also bounced from deeper intraday lows in consolidative trade, Germany saw a strong 2044 auctionWTI and Brent are relatively contained, spot gold holds...

APAC stocks declined following the CPI-inspired bloodbath on Wall St where the S&P 500 had its worst day since June 2020.DXY is a touch softer but on a 109 handle, JPY leads G10 FX amid intervention speculation, EUR/USD lingers below parity.European equity futures are indicative of a weaker open with the Euro Stoxx 50 future -0.7% after the cash market closed down by 1.6% yesterday.Crude weakened overnight in the aftermath of bearish...