Newsquawk Rundown, Daily Podcast

European bourses are bolstered in limited newsflow as participants recoup from post-NFP pressure amid multiple China-related developmentsUS futures in-fitting with this performance and aided by the incremental China COVID developments alongside a pick-up in the regions PMIsGBP is bid, but off highs, going into the no-confidence vote for PM Johnson between 18:00-20:00BST/13:00-15:00ET todayDXY downbeat as such, to the broad benefit of...

APAC stocks traded mixed following last Friday's post-NFP losses on Wall St; European equity futures are indicative of a firmer openDXY traded flat overnight but remained above the 102.00 level; G10s were uneventful China’s Beijing will continue to roll back its COVID-19 restrictions in most districtsUK Conservative rebels expect the 1922 Committee's Brady to make a statement this morning announcing PM Johnson will be subject to a...

European cash bourses are trimming the Wall Street-induced gains seen at the open; US futures posting modest lossesNQ lags amid TSLA, -3.7% pre-mkt, CEO reportedly calling for a 10% staff reduction and saying he has a "super bad feeling" re. the economyDXY relatively rangebound, but inching higher overall, going into NFP; peers marginally softer, as suchDebt downbeat with German yields extending further and the curve steeper while US...

US stocks staged a comeback from opening losses; the Nasdaq outperformed and the SPX closed higher by 1.8%APAC stocks took impetus from the gains in the US; Chinese markets were closed for Dragon Boat FestivalFed's Mester (2022, 2024 voter) said ongoing rate increases are needed including 50bps rate hikes at the next two Fed meetingsThe White House said they do not expect to see blockbuster job numbers every...

European bourses are posting modest gains, Euro Stoxx 50 +0.6%, though volumes are lighter given UK Spring Bank HolidayStateside, futures are firmer across the board, ES +0.5%, with action similarly contained ahead of a busy PM docket featuring ADP and Fed's MesterDXY has pulled back to sub-102.50 status amid a broader, initial post-inflation CHF lead, bounce with GBP jubilant on the JubileeEGBs continue to drift with associated yields...

APAC stocks followed suit to the subdued performance seen in global peers after the recent upside in yields and hawkish central bank rhetoric.European equity futures are indicative of a flat open with Eurostoxx 50 unchanged after the cash market closed lower by 1.0% yesterday.FX markets were contained overnight with DXY circa 102.50, USD/JPY hovers around 130.00.Saudi Arabia is reportedly ready to pump more oil if Russian output declines,...

European bourses are mixed, Euro Stoxx 50 +0.2%, and have struggled to find a clear direction after mixed APAC trade with a busy docket ahead.Similar performance seen in US futures, looking to key data and numerous speakersDXY bid but relatively contained while EUR lifted but failed to advance much on Holzmann’s latest given hefty OpExWTI and Brent are recovering from yesterday's WSJ source report induced downside, with participants...

APAC stocks traded mixed as risk sentiment only mildly improved from the lacklustre performance stateside.European equity futures are indicative of a firmer open with Eurostoxx 50 +0.6% after the cash market closed lower by 0.7% yesterday.DXY hovers around the 102 mark, EUR/USD holds on to 1.07 status and JPY lags in G10 FX.Looking ahead, highlights include German Retail Sales, EZ, UK & US Final PMIs, US ISM Manufacturing PMI,...

European bourses are mixed, Euro Stoxx 50 -0.8%, with sentiment cautious after a mixed APAC handover and in wake of hot EZ CPI before Powell's meeting with Biden.Stateside, futures are pressured succumbing to the broader risk moves after initial cautious/contained trade.EZ Flash CPI for May surpassed expectations printing at 8.1% YY, denting Bunds and dragging peers lower in sympathy; yields extending and steepeningDXY at the top-end of...

APAC stocks were mixed as most indices lacked firm direction following the lack of a US lead, month-end and mixed data.The EU has agreed to ban seaborne exports of Russian oil to the EU which covers more than two-thirds of Russian oil imports.European equity futures are indicative of a softer open with Eurostoxx 50 -0.2% after the cash market closed higher by 0.9% yesterday.DXY trades on a firmer footing, EUR/USD hovers around...