Newsquawk Rundown, Daily Podcast

Risk sentiment remains at the whim of geopolitics, US futures lower across the board (ES -0.5%) while European bourses are somewhat cushioned on corporate updates (Euro Stoxx 50 Unch.)Crude benchmarks are pressured as we await clarity on reported shelling in Donbas; currently, WTI and Brent remain around USD 1.00/bbl from the overnight trough.The current peaks of USD 93.31/bbl and USD 94.48/bbl in WTI and Brent were set overnight on the initial report via Sputnik...

Markets saw risk-off trade following reports of mounting tensions in Ukraine via Russian press – awaiting confirmation from Ukraine/NATORussian-backed separatists claimed that Ukraine opened fire in the Donbas region;  a US official said there are more Russian troops at the border and not fewerFOMC minutes saw little new information; markets reacted to the lack of hawkish surprisesCrude futures collapsed post-settlement on positive...

European bourses (Eurostoxx 50 unch.) trimmed early gains as NATO Sec. Gen. Stoltenberg pushed back on claims of Russian troop withdrawals, adding he is yet to see signs of a de-escalation.US futures (ES -0.1%) sit in minor negative territory amid the pullback in risk sentiment; traders await US retail sales and FOMC minutes.DXY down to new sub-96.00 WTD low; safe-havens lag while AUD and EUR lead though EUR/USD op ex looms.US Treasuries...

US stocks finished with firm gains across the board; Russell 2000 and Nasdaq led the gainsAPAC stocks traded higher following the optimism seen in European and US peersChinese PPI and CPI Y/Y printed below expectations and both cooled from the priorUS President Biden said an invasion of Ukraine is still a possibility; the US has not yet verified the Russian troop withdrawalECB's Villeroy said APP could end in Q3;...

European bourses are firmer in a pick-up from a relatively contained open amid developments on the geopolitical front.Updates that some Russian troops are returning to base lifted US futures above Monday's best levels; ES +1.4%.On the Russian withdrawal, we are awaiting confirmation from a non-Russian source/outlet; meeting between Putin & Scholz is underway.USD and safe-haven FX pullback on the improvement in risk sentiment,...

APAC stocks traded mostly lower following a similar handover from Wall Street (S&P 500 -0.4%); mainland China outperformedEuropean and US equity futures traded with a non-committal tone overnight but tilted lower as European players entered the frayKremlin spokesperson struck a conciliatory tone, but satellite images show increased Russian military actionIron ore futures slumped over 10% amid the continued crackdown on prices by...

European bourses are pressured across the board as geopolitics exacerbates a subdued APAC handover and soft end to the US week.Stateside, US futures are suppressed but faring better than EU comparables as participants await fresh Fed developments amid broader geopolitical focus.Dollar in demand alongside fellow safe haven currencies as investors fret about a Russian attack on Ukraine; JPY outperforms and eyes 115.00Core debt benefits from...

Asian stocks traded mostly lower with the region cautious following the sell-off on Wall Street (S&P 500 -2%)US equity futures were mixed overnight, whilst European equity futures are indicative of a softer openDXY edged higher and topped 96.00. Antipodeans lag in the G10 FX spaceBiden and Putin spoke on Saturday. Separate reports suggest US officials believe Russian action could start as soon as...

European bourses are pressured, Stoxx 600 -0.8%, after a negative US close on hot-CPI was exacerbated by further hawkish Fed speak/speculation.US futures are in-fitting with their European peers with the NQ -0.8%, modestly underperforming.Buck boosted by hawkish rate rise and balance sheet reduction preferences from Fed’s Bullard; peers pressured across the board.Bonds lick some wounds post-hot US inflation metrics, but curves stay flat...

US stocks tumbled after a hot CPI report pushed the 10yr yield above 2%; S&P 500 -1.81%, Nasdaq 100 -2.33%Fed's Bullard (2022 voter) favours 100bps of interest-rate increases by July 1st and a half-point rate hike in MarchAsian stocks declined following the weak US handover and remarks from Bullard. US equity futures extended losses overnightEuropean futures are indicative of a negative open with the Eurostoxx 50 future down by...