Newsquawk Rundown, Daily Podcast

Asia-Pac equities traded mostly higher; US equity futures held onto mild gainsIn FX, DXY was subdued, EUR/USD and GBP/USD probed 1.1300 and 1.3550 respectivelyFed's Bullard (hawk, voter) said the first rate hike could come in March and said the balance sheet run-off should start shortly afterChina may still ease policy in Q1 despite the hawkish Fed, according to reports citing China's Securities JournalCrypto...

European bourses are pressured, Stoxx 600 -1.0%, following a downbeat APAC handover given the FOMC Minutes spillover; NQ, -0.4%, continues to lagEuropean Banking names are the primary outperformer given yield action as the US 10yr nears 1.75% and the German equivalent 0.00% (best -0.033%)DXY is positive but has been pressured as FX peers receive a boost for the broad yield action; JPY leads and AUD lags in a continuation of APAC...

Asia-Pac equities succumbed to the downbeat handover from Wall Street after the FOMC minutesFOMC minutes said rate lift-off may be warranted sooner or at a faster pace than was earlier anticipatedFOMC minutes noted that Fed balance sheet reduction could come relatively soon after rate lift-offFed Fund futures see around a 70% chance of a Fed hike at the March meetingUS equity futures drifted lower overnight (ES...

European bourses are mixed and fairly contained while US futures faded a brief moved into positive territory amid minimal newsflow; ES -0.10%, NQ -0.4% currently lagsDXY is downbeat but is yet to test 96.00 to the downside with G10 peers, ex-CAD given crude, buoyed and JPY outperforming after yesterday's pressureUS lawmakers have commenced early discussions regarding another round of COVID stimulus spending, via Washington PostNorth Korea...

Asia-Pac equities traded mostly in the red and US equity futures were subduedFX, fixed income, crude and precious metals were more contained overnightFed's Kashkari (2023 voter) expect the Fed balance sheet to come down, but not to pre-pandemic levelsNorth Korea fired a projectile which landed outside of Japan's Exclusive Economic Zone (EEZ)China Huarong Asset Management slumped over 50% after a nine-month trade...

European bourses are firmer, Euro Stoxx 600 +0.8%, amid minimal fresh newsflow; ES +0.4%Asia-Pac stocks traded mixed; Mainland China and Hong Kong underperformedDXY was supported as USD/JPY took out its 2021 high and nears 116.00; though, the DXY did briefly dip on GBP upside given associated yield catch-up actionChina is requiring security checks before domestic tech firms list overseas from Feb 15thSarah Bloom...

Asia-Pac stocks eventually traded mixed; Mainland China and Hong Kong underperformedUS and Eurozone equity majors kicked off 2022 with gains; Apple briefly hit USD 3tln market capDXY was supported as USD/JPY took out its 2021 high; AUD was underpinned by firmer coal pricesChina is requiring security checks before domestic tech firms list overseas from Feb 15thSarah Bloom Raskin has emerged as the leading...

Asia-Pac equities mostly rose in tandem with the gains seen on Wall StreetIn FX, the DXY retained 96.00+ status, USD/JPY met sellers at 114.50, others were uneventfulData suggests protection against Omicron COVID variant starts to wane 10 weeks after booster vaccinationJapan will not send top government officials to the Beijing Winter Olympics, but stopped short of calling it a boycottNewsquawk desk will close at...

A firmer but contained start for European bourses following a similar APAC handover; US futures are positive but in a holding pattern pre-dataIn FX, the DXY has been pressured to near 96.00 at worst to the benefit of peers as Cable reclaims 1.3400 sending EUR/GBP below 0.8450UK PM Johnson will not make an announcement this week on whether COVID restrictions are needed post-Christmas; waiting for more hospitalization data, according to...

Asia-Pac equities traded modestly higher amid some tailwinds from Wall StreetUS equity futures resumed trade relatively flat with an upside biasIn FX, DXY held onto 96.000, EUR/USD narrowly outperformed, TRY saw later strengthUK and Scottish studies suggested the risk of hospitalisation from the Omicron variant is much lower than the Delta variantOvernight focus was on Tencent declaring an interim dividend...