Newsquawk Rundown, Daily Podcast

Equities remain mixed but with a cautious undertone, ES -0.1%, NQ -0.4%; as newsflow is focused on COVID/geopolitics going into the FOMCDXY is softer but pivoting 96.50 with peers mixed and GBP leading after UK CPI; USTs are unchanged, EGBs are pressured, led by Gilts on BoE tightening repricingReports indicate UK PM Johnson will hold a Omicron press conference today, unclear on content; gov't is said to be expecting a record daily case print...

Asian equities were mixed/rangebound as participants remained cautious following the losses in the US (S&P 500 -0.75%)The region also digested mixed Chinese data in which Industrial Production topped estimates but Retail Sales disappointedThe Senate and House passed the bill to raise the debt limit by USD 2.5tlnIn FX, DXY is modestly softer and sub 96.50 with price action relatively contained in the G10...

Equities are pressured after a constructive European open, fundamental updates have been minimal and conditions remain thin before the week's risk events; ES -0.2%In FX, the DXY has been pressured towards yesterday's low, but remains comfortably above 96.00, to the mixed benefit of peers with EUR/CHF/GBP leading the waySouth African study on vaccines given Omicron finds Two doses of the Pfizer (PFE)/BioNTech (BNTX) vaccine gives 70% protection against...

Asia-Pac stocks traded mostly subdued following the pullback on Wall StreetIn FX, the DXY has gained a firmer footing above 96.00, activity currencies narrowly lag G10 peersThe Senate will vote on legislation to raise the Federal Government debt limit todayRussia said it may be forced to deploy intermediate-range nuclear missiles in Europe in response to what it sees as NATO's plans to do the sameLooking ahead,...

Gains in European equities are slightly more pronounced than in US equity futures; Stoxx 600 +0.6%, ES +0.3%In FX, USD outperforms with the DXY nearing 96.500 at best; EUR/USD below 1.1300 while USD/JPY extends north of 113.50TRY is the EM FX laggard; USD/TRY topped 14.5000 before the CBRT intervened ahead of Erdogan meeting the CBRT GovernorUK raised its COVID alert level to 4 from 3, and accelerated its booster...

Asia-Pac equity markets took their cues from last Friday’s gains on Wall Street; US equity futures traded with mild upside overnightIn FX, the DXY eked mild gains, EUR/USD slipped back under 1.1300 and USD/JPY traded around 113.50UK raised its COVID alert level to 4 from 3 and accelerated its booster programmeUK PM Johnson is reportedly no longer seeking the immediate axing of the ECJ from its role in enforcing the Northern Ireland...

European bourses are softer while US equity futures are marginally firmer ahead of US CPI; ES +0.3%In FX, the DXY extended on gains in European hours, best level just shy of 96.50, and with peers subdued across the boardPBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498); CBRT intervened in FX marketsTaiwan says 13 Chinese PLA planes entered the Air Defence Identification Zone (ADIZ) on...

Asia-Pac stocks were on the back foot as the region took its cue from the weak performance in the USIn FX, DXY was steady in a tight range, USD/JPY traded on either side 113.50, USD/CNH saw volatility at the PBoC CNY fixPBoC set USD/CNY mid-point at 6.3702 vs exp. 6.3499 (prev. 6.3498)Sources in Brussels are confident regarding a compromise on medicines with the UK before year-endUS oil export ban is not on the...

Stocks in Europe have been drifting lower, US equity futures have also succumbed to the modest downside; ES -0.3%In FX, the DXY extends above 96.00 with JPY perhaps capping upside while the CNH saw downside on PBoC raising FX RRR by 2pptsChinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last yearViews on the ECB's Governing Council reportedly converging on a limited, temporary...

Asian equity markets eventually traded mixed as the early tailwinds from the US gradually wanedIn FX, the DXY recouped some of its recent losses, EUR was subdued and JPY was indecisiveChinese PPI topped expectations whilst CPI Y/Y missed but registered the fastest pace of increase since August last yearPBoC is reportedly seeing its special status beginning to erode with the government starting to push its influence on the central bank,...