Newsquawk Rundown, Daily Podcast

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...

European bourses are contained with US futures equally uninspiring, ES +0.1%; in Europe, sectors has Tech, +1.1%, notably outperforming given TSMC read-acrossDXY remains subdued moving further below 95.00 to the benefit of peers across the board; conversely, core debt is relatively calm before more key US eventsRussian Kremlin says talks with the West were "unsuccessful", sanctioning Putin would be comparable to severing relationsSome...

Asia-Pac stocks traded mixed following the choppy session in the US where major indices eked mild gainsEuropean futures are indicative of a flat open with the Eurostoxx 50 Mar'22 contract near the unchanged markIn FX, the DXY heads into the European open a touch softer and in close proximity to the 95.00 markFed's Bullard has said that four rate hikes in 2022 now appear likelyLooking ahead, highlights include US...

European bourses are firmer continuing from upbeat APAC performance while US futures are more contained but retain a positive bias pre-CPI, ES +0.1%, NQ +0.3%Chinese inflation metrics cooled from the prior and came in below expectationsThe DXY is towards the top of a narrow range with peers generally contained ex-crude sensitive FX, given benchmark actionUSTs are cautious as we await data, Fed speak and supply while EGBs, led by Bunds,...

Asia-Pac bourses traded positively as stocks took their cue from the energy and tech-led gains in the USUS indices closed higher across the board with the Nasdaq outpacing peers with gains of 1.4%Chinese inflation metrics cooled from the prior and came in below expectationsThe DXY languished around two-month lows near 95.50. Activity currencies lead in the G10 FX spaceLooking ahead, highlights include US CPI,...

European bourses and US futures are firmer following yesterday's US rebound, ES +0.3%, but off best pre-Powell's testimonyFed Chair Powell’s prepared remarks noted the economy has rapidly strengthened despite the ongoing pandemicFed's Bostic (2024 voter) sees three 2022 hikes, risks of a fourth on the possibility of higher inflationDXY remains sub-96.00 and continues to drift with peers ex-JPY modestly firmer while debt is choppy but...

Asian equities were subdued following on from the mostly negative lead from Wall StUS stocks declined at the open, but then finished off lows and the Nasdaq fully recovered from a near-3% drop as yields waveredDXY is softer and back on a 95 handle as activity currencies gain and EUR/USD gains a firmer footing above 1.13Fed Chair Powell’s prepared remarks noted the economy has rapidly strengthened despite the ongoing...

Indecisive and somewhat choppy trade amid a thin docket; Euro Stoxx 50 -0.1%, ES U/C, NQ -0.3%In FX, the DXY tested 96.00 to the upside with peers mixed but relatively contained while USTs/EGBs recovered from initial pressureUS Senator Manchin reportedly no longer supports a USD 1.8trl Build Back Better counterproposal, via Washington PostUS-Russia talks have begun and initial commentary seemingly downplays the prospect of a...

Asia-Pac markets traded mixed and US equity futures were initially pressured after last Friday's post-NFP weaknessOngoing Omicron woes and the absence of Japanese participants further added to the uninspired moodChina reported its first community transition of the Omicron variant in Tianjin which is a gateway city to BeijingIn FX, the DXY is firmer but sub-96.00, EUR/USD has reclaimed 1.13, USD/JPY remains on a 115...

European bourses/US futures are mixed but generally contained amid minimal newsflow pre-NFP/Fed speak; ES +0.2%DXY remains downbeat but off worst and yet to test 96.00 with main peers little changed and both EUR and GBP unreactive to respective dataCore debt is similarly confined while crude continues to climb absent catalysts though geopols draw focusChina may still ease policy in Q1 despite the hawkish Fed, according to reports citing...