Newsquawk Rundown, Daily Podcast

European bourses have reversed initial pressure following EZ Flash PMIs, Euro Stoxx 50 +0.2%, which were mostly mixed though noted of less intense price pressures.Stateside, futures are firmer, ES +0.2%, and have been in-fitting with European peers throughout the morning awaiting their own Flash PMI metrics.DXY reversed earlier gains after coming close to the YTD peak at 109.29 before pulling back; EUR/USD tested 0.99 before...

APAC stocks were mostly lower after the negative mood rolled over from global counterparts amid growth and energy-related concerns.European equity futures are indicative of a flat open with the Euro Stoxx 50 future unchanged after the cash market closed lower by 1.9% yesterday.DXY sits on a 109 handle, EUR/USD remains below parity, antipodeans fare slightly better vs. greenback.Saudi Energy Minister said OPEC+ may need to tighten output...

European bourses are under pressure, Euro Stoxx 50 -1.8%, amid Nord Stream 1 maintenance.US futures are in-fitting both in terms of direction and magnitude, ES -1.3%, amid global recession and inflation fears.DXY has extended above Friday's peak as EUR/USD probes parity once as safe havens benefit somewhat from the broader toneAction that also saw pronounced initial fixed income upside; however, this has waned as inflation implications...

APAC stocks were mostly lower after last Friday’s declines in stocks and bonds across global marketsDXY traded rangebound near a monthly high, EUR/USD remained lacklustre, and USD/JPY was kept afloatRussia is to shut the Nord Stream 1 pipeline for three days citing maintenance; China’s Sichuan extended its factory power cutsThe PBoC cut the 1-Year LPR by 5bps to 3.65% and reduced the 5-Year LPR by 15bps to 4.30% vs expectations for a...

European bourses are under modest pressure, Euro Stoxx 50 -0.6%, in a session of limited newsflow with focus on continuing hawkish price action.Stateside, given the hawkish action, NQ -1.0% is the incremental underperformer ahead of commentary from 2024 voter Barkin.Commodities are under broad pressure given USD strength with crude curtailed as it awaits another JCPOA response.Dollar continues to reign as risk sentiment sours again and...

APAC stocks lacked firm direction despite the mild tailwinds from the US where sentiment was somewhat underpinned by mostly encouraging data.European equity futures are indicative of a marginally lower open with the Euro Stoxx 50 future -0.2% after the cash market closed higher by 0.6% yesterday.DXY has continued to strengthen on a 107 handle, EUR is sub 1.01, GBP/USD hovers around the 1.19 mark.Indonesian President Widodo said Chinese...

APAC stocks mostly declined following the weak handover from global counterparts as markets ramped up hawkish central bank pricing.FOMC Minutes noted many officials saw a risk the Fed could tighten more than necessary.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.2% after the cash market closed lower by 1.3% yesterday.FX markets are relatively contained with the DXY remaining...

European bourses have dipped from initial mixed/flat performance and are modestly into negative territory, Euro Stoxx 50 -0.5%.Stateside, futures are under similar pressure awaiting fresh corporate updates (LOW & TGT thus far) and the July FOMC Minutes, ES -0.6%.USD bid but off best with Retail Sales and Minutes ahead, GBP pulls back from initial post-CPI gains, JPY hit on differentialsDebt retracement continues as yields climb while...

APAC stocks just about shrugged off the choppy lead from the US where markets were tentative amid mixed data signals and strong retailer earnings.European equity futures are indicative of a marginally higher open with the Euro Stoxx 50 future +0.5% after the cash market closed higher by 0.4% yesterday.DXY is contained, EUR/USD lost steam ahead of 1.02, NZD is firmer post-RBNZ.RBNZ delivered a hawkish 50bps (as expected) rate hike in which...

European bourses are firmer across the board after a relatively constructive APAC handover, Euro Stoxx 50 +0.4%, though off best levels post-ZEW.US futures are in contained ranges and pivoting the unchanged mark at this point in time, ES -0.2%; HD and WMT in focus.DXY has breached last week's peak to the detriment of peers across the board, with EUR downside exacerbating this amid data.Core fixed benchmarks have seen a pullback from...