Newsquawk Rundown, Daily Podcast

European bourses are lower across the board, Euro Stoxx 50 -1.4%, in a continuation of the APAC handover amid multiple fundamental narratives.Stateside, US futures are similarly hindered, ES -1.7%, with the NQ marginally lagging given renewed yield upside.Russian President Putin, in his Victory Day speech, says you are fighting for the security of Russia now; says NATO was creating threats at our borders.USD remains bid but is marginally...

APAC stocks declined amid recent upside in yields and as participants digested a slowdown in Chinese trade dataUS equity futures remained weak; European equity futures are indicative of a softer openEU ambassadors met on Sunday and failed to agree on a Russian oil ban deal. Ambassadors will meet again on Monday or TuesdayIn FX, DXY remained firm against G10s across the board; Antipodeans underperformedUK...

European bourses are subdued across the board, Euro Stoxx 50 -1.1%, reacting to the late-doors pressure in Wall St.Currently, US futures are modestly softer but relatively tentative overall going into the NFP release and subsequent Fed speak.EUR bid post hawkish commentary from ECB's Villeroy amid multiple other Central Bank speakersAs such, EGBs have dropped dragging USTs down with them sending respective 10yr yields to 1.08% and 3.07%...

US stocks took a beating and gave back post-FOMC gains in which the DJIA slumped by more than 1000 pointsAPAC stocks were mostly lower amid spillover selling from the sharp declines on Wall StreetDXY held firm amid recent gains in yields and after the stock rout in the US spurred a flight to safety EU's Borrell said EU members are almost there on an agreement on a new package of sanctions against...

European bourses are firmer across the board, Euro Stoxx 50 +1.3%, benefitting from the perceived less-hawkish Fed and associated Wall St./APAC performance.Stateside, futures are softer across the board though the likes of the ES remain in relative proximity to overnight best levels, ES -0.5%.DXY finds its feet post-FOMC, to the detriment of G10 peers incl. GBP lagging pre-BoE.Core debt has been choppy though Bunds and Gilts have resumed...

Fed hiked rates by 50bps as expected and will begin trimming its balance sheet on June 1st.Powell said 50bps increases should be on the table at the next couple of meetings and that a 75bps increase is not something they are actively considering.APAC stocks traded positively following the strong handover from Wall St.; SPX +2.97%.European equity futures are indicative of a stronger open with Eurostoxx 50 +2.4% after the cash market...

European bourses, Euro Stoxx 50 -0.3%, are modestly softer after another subdued but limited APAC handover amid ongoing regional closures.US futures remain in tight pre-FOMC ranges, with participants also awaiting ISM Services and ADP.WTI and Brent are bid amid the EU's 6th round of Russian sanctions, a complete ban on Russian oil.However, sources indicate that Hungary and Slovakia will receive an extended phase-out...

APAC stocks were cautious amid holiday closures and as markets braced for the incoming FOMC announcement.European equity futures are indicative of a marginally positive open with Eurostoxx 50 +0.1% after the cash market closed higher by 0.8% yesterday.DXY is contained around the 103.50 mark with FX markets largely uneventful overnight. US Secretary of State Blinken is to outline his China policy on Thursday at...

European bourses are firmer across the board, Euro Stoxx 50 +0.6%, following late-door Wall St. upside; though, the FTSE 100 -0.5% lags as it catches up from Monday's holiday.Stateside, futures are modestly firmer/flat on the session but have been rangebound throughout the European morningDXY struggles to gain firm direction as global yields err higher with EUR & GBP bolstered on their yield movementsAUD outperforms following an...

APAC stocks were unable to benefit from the late rally on Wall St. and traded mixed amid key market closures.RBA hiked rates by 25bps to 0.35% (exp. 15bps hike). RBA said it will require a further lift in interest rates during the period ahead.European equity futures are indicative of a firmer open with Eurostoxx 50 +1.2% after the cash market closed lower by 1.8% yesterday.DXY is relatively flat vs. peers, AUD the clear...