Newsquawk Rundown, Daily Podcast

Ukrainian Foreign Minister Kuleba confirmed Russian rockets have been fired at KyivUS President Biden authorised new sanctions including on Russian exportsUS stocks were able to close higher with the NQ (+3.4%) outperforming peers; US futures traded on a slightly softer footing overnightEuropean equity futures are indicative of a higher open with the Euro Stoxx 50 future +2.1% after the cash market closed lower by 3.6%...

24th February 2022SNAPSHOTLOOKING AHEADLooking ahead, highlights include US GDP (2nd Estimate), PCE Prices Prelim, Initial Jobless Claims, Banxico Minutes, Speeches from Fed's Bostic, Daly, Mester, ECB's Schnabel, BoE's Bailey & BroadbentEarnings from Alibaba, Moderna, Norwegian Cruise Line, Occidental PetroleumClick

Russian President Putin authorised a special military operation to demilitarise UkraineMultiple explosions were heard across several Ukrainian cities including the capital of KievUS stocks finished lower (S&P 500 -1.8%) and US equity futures extended on losses overnight with APAC stocks also slumpingEuropean equity futures are indicative of a weaker open with the Euro Stoxx 50 future -3.8% after the cash market closed lower by...

European bourses are firmer, Euro Stoxx 50 +1.0%, with gains relatively broad based though the oil-exposed FTSE 100 lags given benchmark pricing.US futures, ES +0.6%, are also firmer as newsflow is comparably slower and as participants also take impetus from sanctions being less-stringent than some feared.EU Ambassadors have approved sanctions on Russia & US Secretary of State Blinken said it doesn't make sense to meet with Russian Foreign Minister Lavrov...

US President Biden announced the first tranche of sanctions on Russia whilst cautioning that this is the beginning of a Russian invasion of UkraineUS Secretary of State Blinken cancelled his meeting with Russian Foreign Minister Lavrov. Biden-Putin meeting is not on the cardsS&P 500 closed in correction territory, whilst APAC stocks traded on a firmer footingEuropean equity futures are indicative of a higher open with the Euro...

European bourses have experienced a marked recovery throughout the session, Euro Stoxx 50 Unch., with the FTSE 100 (+0.4%) the marginal outperformer given its crude exposure.A recovery that comes amid numerous geopolitical developments and was seemingly led by oil upside and as we await clarity/insight into any Russian sanctions and as Ukraine's President remains confident that there will not be a war.EU ambassadors considered a four-part sanctions package against...

Russian President Putin said Russia will recognize the independence of Donbas LPR and DPR separatistsThe US will announce fresh sanctions against Russia on Tuesday in which it will coordinate with allies on the announcementAPAC stocks traded negatively amid Russia-Ukraine developments. US equity futures also retreated overnightEuropean equity futures are indicative of a weaker open with the Euro Stoxx 50 future -1.4% after cash markets...

Reports over the weekend noted heavy fighting between Ukraine’s armed forces and Russian-backed separatists along the contact lineUS President Biden and Russian President Putin have separately agreed in principle to meetAPAC stocks traded mostly negative before trimming losses on the Biden-Putin updateEuropean equity futures are indicative of a firmer open with the Euro Stoxx 50 future +0.4% after cash markets closed lower by 1.0% on...

European bourses are contained around the unchanged mark, Euro Stoxx 50 +0.2%, as an initially positive open on geopolitical developments waned as we await further drivers.US futures are deriving greater upside from the reported meeting of US-Russian officials today and next week; however, focus turns to Fed's Williams & BrainardAdditionally, Russia's Defence Minister is to speak over the phone with his US counterpart on Friday, at the request of the...

Sentiment picked up following reports of a meeting between the US Secretary of State and Russian Foreign Minister late next weekUS President Biden is to hold a meeting on Friday with the heads of NATO, EU, France, Germany, UK, Italy, Poland, and RomaniaAPAC stocks maintained a mild downside bias, US and European equity futures traded with gainsDXY saw a modest downtick on the Blinken/Lavrov meeting headlines. Antipodeans lead in the G10...