Newsquawk Rundown, Daily Podcast

European bourses are mixed/modestly-firmer, Euro Stoxx 50 +0.3%, as the initial upside momentum waned amid fresh China COVID updates and hawkish ECB commentaryStateside, futures are firmer but similarly off best levels, ES +0.5%, with recent/familiar themes very much in focus ahead of a thin US-specific docketEUR lifted and outperforming amid hawkish commentary from ECB’s Lagarde, Kiwi in close proximity amid shadow board guidanceWTI and...

APAC stocks were mixed as momentum waned due to China's COVID woes and record Beijing infectionsAustralian Labor Party leader Albanese was elected as Australia’s PM and was sworn in on MondayRussian negotiator Medinsky said Russia is ready to continue stalled peace talks with UkraineEuropean equity futures are indicative of a firmer open with Eurostoxx 50 +1% after the cash market closed higher by 0.5% on...

European indices have started the week's last trading day positively and have extended on gains in early tradeUS equity futures have also been trending higher since the reopening of futures trading overnightDXY bound tightly to 103.000, but only really firm relative to Yen on renewed risk appetiteDebt futures reverse course amidst pre-weekend risk revival, partly prompted by PBoC LPR cutWTI and Brent July futures...

APAC stocks picked themselves up from recent losses as risk sentiment improved from the choppy US mood; S&P 500 -0.6%.European equity futures are indicative of a higher open with Eurostoxx 50 +1.1% after the cash market closed lower by 1.4% yesterday.Russia's Kremlin said Russia will demilitarise regions near the Donbas and forces will take all of the Donetsk and Luhansk regions.DXY sits on a 102 handle, EUR/USD briefly rose above...

European bourses are pressured across the board in a broader risk-off move after yesterday's Wall St. sell-offEurope not supported by the brief APAC respite on Shanghai's reopening updates, Euro Stoxx 50 -2.3%; ES -1.2%DXY is pressured as havens and antipodeans are bid on risk and fiscal/fundamental factors respectivelyDebt resumes its haven rally, with Bunds eclipsing 154.00 and USTs near 120.00Crude curtailed...

APAC stocks were pressured on spillover selling after the worst day on Wall St in almost two years; S&P 500 -4%Shanghai Vice Mayor said Shanghai will expand work resumption in areas with no COVID risk in early June.European equity futures are indicative of a weaker open with Eurostoxx 50 -0.6% after the cash market closed lower by 1.4% yesterday.DXY remains on a 103 handle, EUR/USD hovers around the 1.05 mark and AUD Leads G10 FX...

European bourses are rangebound and relatively directionless, Euro Stoxx 50 U/C, taking impetus from a mixed  APAC session which failed to sustain US upside.DXY supported, but off best, as GBP slips on marginally sub-forecast CPI while EUR fails to derive support from ECB officials repeating summer guidanceGilts the noted outperformer post-CPI, lifting Bunds and USTs with them initially, though the latter two have failed to sustain such...

APAC stocks traded mixed as regional bourses only partially sustained the momentum from global peers; S&P 500 closed +2%.Fed Chair Powell said the Fed will not hesitate to move past neutral and will continue raising rates until they see inflation coming down.European equity futures are indicative of a marginally firmer open with Eurostoxx 50 +0.2% after the cash market closed higher by 1.5% yesterday.DXY remains on a 103 handle,...

European bourses are firmer across the board, Euro Stoxx 50 +1.7%, taking impetus from and extending on a positive APAC handover as the region's COVID situation improvesUS futures posting similar performance, ES +1.8%, ahead of Retail Sales and multiple Fed speakers including PowellEUR lifted and Bunds dented in wake of ECB's hawk-Knot mentioning a 50bp move should not be excluded if data warrants itA remark which lifted EUR/USD above...

APAC stocks were positive but with gains capped after the uninspiring lead from Wall St; SPX -0.34%, NDX -1.16%.EU's Borrell said difficulties remain regarding the required unanimity on the proposed oil ban.European equity futures are indicative of a higher open with Eurostoxx 50 +0.9% after the cash market closed down 0.5% yesterday.DXY is contained on a 104 handle, JPY lags in G10 FX, AUD leads post-RBA...