Newsquawk Rundown, Daily Podcast

European bourses were relatively flat at the open but saw a bout of impetus amid above-forecast PMIs; however, this was shortlived with bourses now negative, Euro Stoxx 50 -0.6%.US futures are in-fitting directionally but diverging in terms of magnitudes, posting gains of circa. 0.4% ahead of multiple risk events.DXY is firmer and ever closer to 99.00, with NOK bolstered from post-Norges Bank commentary with CHF unphased by the SNB.EGBs...

APAC stocks traded cautiously after a soft close on Wall St. which saw the S&P 500 finish the session lower by 1.3%.The US will announce a package of sanctions designations on Russian political figures and oligarchs on Thursday.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market closed lower by 1.5% yesterday.DXY remains underpinned but sub-99.00,...

European bourses are pressured, Euro Stoxx 50 -0.6%, with the exception of the FTSE 100 +0.3% amid crude action.US futures remain softer, ES -0.3%, but haven't slipped much further amid the above pressure in Europe as Russia-Ukraine tensions remain elevatedDXY remains bid amid hawkish Fed rhetoric, USD/JPY continues to climb while Riksbank/CNB support SEK & CZKFed's Mester (2022, 2024 voter) thinks 50bps increases will be needed at...

APAC stocks were positive as the region took encouragement from the strong US and European leads.Fed's Mester (2022 voter) said she thinks 50bps increases will be needed at some meetings based on her forecasts.DXY hovers around 98.50, USD/JPY extended its rise to 121.40, GBP is on the front-foot ahead of the Spring Statement.WTI and Brent gained as storm damage to the CPC pipeline could impact up to 1mln bpd of...

European bourses have been erring higher after a contained open, Euro Stoxx 50 +0.9%, with upside occurring as crude and bonds slipped further.US futures are in-fitting directionally but magnitudes more contained, a slew of speakers ahead.Crude benchmarks are pressured, but off lows, amid China COVID and EU energy price cap updates.DXY remains underpinned after an initial pullback from 99.00, while JPY lags with USD/JPY testing...

APAC stocks were mostly positive following a predominantly soft close in the US; Nasdaq 100 -0.3%.Fed Chair Powell said if the FOMC needs to raise the Fed Funds Rate by more than 25bps at a meeting or meetings, they will do so.Ukrainian President Zelenskiy said he’s prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire.European equity futures are indicative of a slightly softer open with the...

Ukrainian President Zelensky said he is ready to negotiate with Russian President Putin; however, Turkey says Putin is not readyRussia's Kremlin says the progress of peace talks with Ukraine is not as big as it should beEuropean bourses/US futures are pressured but relatively contained as developments within European hours have been limitedChina Eastern Airlines jet, a Boeing 737, crashed in Guangxi, BA -8.3% in...

APAC stocks were choppy despite the strong close on Wall St. last week; best weekly performance for the S&P 500 since Nov'20.Ukrainian President Zelensky said he is ready to negotiate with Russian President Putin; Turkish official says Putin is not ready.The EU is reportedly to consider an embargo on Russian oil this week as Biden heads to Europe.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50...

US President Biden will speak with Chinese President Xi at 09:00EDT/13:00GMTBiden's administration reportedly hardened its stance towards China ahead of the callUS futures and European bourses are pressured, as sentiment has drifted following a contained European cash openUkrainian Presidential aide Zhovkva says talks with Russia are progressing, but only slowly; Kremlin says that Kyiv is slowing talksUSD grinds...

APAC stocks eventually traded mostly positive following on from Wall St's best 3-day gain since 2020.BoJ kept monetary policy settings unchanged as expected; will take additional easing steps as necessary.US President Biden's administration reportedly hardened its stance towards China ahead of the Biden-Xi call.European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 future up 0.1% after the cash market...