Newsquawk Rundown, Daily Podcast

APAC markets traded lower amid wide-spread risk aversion after late Wall Street sellingAll major US indices declined after another failed relief rally; S&P 500 -1.1%Netflix shares dropped 20% after-hours on disappointing subscriber additions and forecastsDXY remained steadfast despite decline in yields. Antipodeans lagLooking ahead, highlights include UK Retail Sales, EZ Consumer Confidence, BoE's Mann; ECB's Lagarde,...

US equity futures are firmer, ES +0.4%, picking back up from yesterday's pressure with the NQ +0.7% outperforming amid a pull-back in yields.Major bourses in Europe are softer, Euro Stoxx 50 -0.2%, in an indecisive morning; following eventual upside in APAC markets.Dollar drifts alongside Treasury yields; Aussie rules G10 roost; Pound retains post-UK inflation momentum but wary about further political upheaval.WTI and Brent front month futures are choppy intraday, spot gold/silver are contained,...

Asian equity markets eventually traded mostly higher but with price action relatively choppyMajor US indices (S&P 500 -1%, Nasdaq -1.2%) failed to sustain the early reprieve despite yields easing from pandemic highsEuropean futures are indicative of a firmer open with the Eurostoxx 50 future higher by 0.3%PBoC reduced the 1-year Loan Prime Rate by 10bps and cut the 5-year LPR by 5bpsDXY resides around the...

European bourses are mixed but becoming increasingly upbeat as the pressure from the APAC/US handovers dissipates, Euro Stoxx 50 +0.6%; ES +0.3%, NQ +0.4%The DXY remains above, but within touching distance of, 95.50 with G10 peers firmer and antipodeans leading after ANZ's RBNZ OCR callSome UK Conservatives expect the no-confidence vote threshold for PM Johnson to be met today, today's PMQs and the expected Gray report in...

Asian stocks followed suit to the losses on Wall St where all major indices declined, led by tech and growth; Nasdaq -2.6%European futures are indicative of a softer open with the Mar'22 Eurostoxx 50 future lower by 0.5%An explosion in Turkey forced the shutdown of the Iraq-Turkey crude oil pipeline which is Iraq’s largest crude oil export lineConservative MPs are reportedly confident they have enough votes to trigger a confidence vote in...

Equities remain pressured in a continuation of the yield-inspired downside seen in APAC hours as the German 10yr yield nears 0.00%Overnight, the US yield briefly breached 1.85% but has since pulled back modestly though equities remain waylaid with NQ, -2.0%, continuing to underperformOil remains elevated on supply-side factors while the DXY is firmer but yet to test 95.50 with peers modestly pressuredBoJ maintained policy settings as...

Asia-Pac stocks traded mixed with early optimism in the region soured by a resumption of the surge in US yieldsThe US 10yr cash yield briefly topped 1.85%; US equity futures were softer across the boardEuropean futures are indicative of a softer open with the Eurostoxx 50 future lower by 0.4% after the cash market closed higher by 0.7% yesterdayBoJ maintained policy settings as expected and reaffirmed its dovish...

Asian equity markets traded with a mild positive bias following the similar close last Friday on Wall StreetChinese GDP and industrial production exceeded expectations, whilst retail sales disappointedThe PBoC reduced rates on its 1-year Medium-term Lending Facility and 7-day reverse repos by 10bps eachEuropean futures are indicative of a mildly firmer open with the Eurostoxx 50 future higher by 0.3%The USD is...

European bourses are softer, Euro Stoxx 50 -0.9%, with newsflow minimal though benchmarks are off lows led by Oil & Gas given benchmark pricingUS futures are contained/rangebound, ES +0.1%, ahead of US Retail Sales and Fed's Williams as the last scheduled pre-blackout speakerDXY remains pressured but fairly contained with peers mixed while debt dips lifting yields; however, US/German 10yr yields remain shy of recent peaksChinese trade...

Asian equity markets weakened amid headwinds from the US where all major indices declinedLosses in the US were led by tech and consumer discretionary names amid a slew of hawkish Fed speakEuropean futures are indicative of a softer open with the Eurostoxx 50 future lower by 0.8%Chinese trade figures showed weaker than expected Imports although Exports topped estimatesBank of Korea hiked rates by 25bps for a third...