Newsquawk Rundown, Daily Podcast

Broader sentiment was dented on UK COVID Plan B updates; US equity futures mostly hold onto mild gainsUK sources suggest an 85% chance of implementing COVID Plan B, potentially from Thursday; press conference at 17:30GMT/12:30ESTApple (+0.7% pre-mkt) was forced to scale back its total output target for 2021 and reportedly told suppliers to accelerate iPhone production for November-JanuaryHouse approved the measure to speed the debt limit...

Asian equity markets traded positively; US equity futures saw mild gains overnight after Wall Street closed firmly in the greenIn FX, DXY pulled back, EUR/USD nursed some recent losses, USD/JPY hovered around 113.50 and CAD laggedPreliminary results from a small study showed a 40x reduction in neutralization capacity of the Pfizer vaccine against OmicronEarly hospitalisation data from South Africa showed the new variant could result in...

European stocks have conformed to the risk appetite seen across global peers; US equity futures continue to rise - ES +1.3%In FX, the DXY is firmer but remains capped by 96.50, antipodeans outperform on base-metals while EUR & GBP are only marginally lowerThe RBA maintained its Cash Rate at 0.10% and weekly bond purchases at AUD 4bln until mid-February, as expectedPBoC has lowered the relending rate by 25bps for agricultural and small...

Asia-Pac stocks traded mostly in the green following the positive close on Wall Street; US equity futures meandered higher overnightIn FX, the DXY was indecisive, JPY underperformed, and AUD was boosted post-RBA as iron ore futures gainedThe RBA maintained its Cash Rate at 0.10% and weekly bond purchases at AUD 4bln until mid-February, as expectedPBoC has lowered the relending rate by 25bps for agricultural and small companies, according...

Early gains across equities faded; Euro Stoxx 50 +0.5%, ES -0.1%, NQ -0.5%PBoC cut the RRR effective from December 15th; 50bp reduction that will release CNY 1.2tln in liquidity.The DXY is pressured at fresh lows but retains 96.00+ status with peers mixed as havens lagUS President Biden and Russian President Putin are to hold a phone call on Tuesday at 15:00GMT/10:00ESTSaudi Aramco over the weekend raised...

Asian equities began the week cautiously following last Friday's negative performance statesideIn FX, the DXY traded within a tight range, EUR and safe havens were subdued and activity currencies outperformedUK ministers announced fresh COVID-19 restrictions for travellers entering the UKUS President Biden and Russian President Putin are to hold a phone call on TuesdaySaudi Aramco over the weekend raised official...

The positivity seen heading into the European open dissipated; US equity futures are seeing modest broad-based lossesUS Democratic Sen. Manchin is skeptical that the Build Back Better bill can pass the Senate this year, CNN sources stateCaixin Services and Composite PMI data slowed from the prior month, but both remained in expansion territoryThe DXY has edged mild gains above 96.00; GBP was hit by a less hawkish Saunders and TRY saw CBRT...

Bourses across Europe have held onto losses seen at the cash open; US equity futures are firmer with RTY outpacing and NQ laggingSouth African scientist sees an exponential rise in new COVID cases with predominance of Omicron; India said the two cases it sees are mildApple (AAPL) reportedly told iPhone component suppliers that demand has slowed down ahead of the holiday periodChinese advisors to recommend lowering the 2022 GDP growth...

Bourses across Europe have held onto losses seen at the cash open; US equity futures are firmer with RTY outpacing and NQ laggingSouth African scientist sees an exponential rise in new COVID cases with predominance of Omicron; India said the two cases it sees are mildApple (AAPL) reportedly told iPhone component suppliers that demand has slowed down ahead of the holiday periodChinese advisors to recommend lowering the 2022 GDP growth...

Asian equities traded tentatively following the declines on Wall St where major indices extended on lossesSelling stateside was exacerbated on confirmation of the first Omicron case in the USDXY oscillates around 96.00, EUR/USD remains above 1.13 and GBP/USD eyes 1.33TRY was pressured again after Turkish President Erdogan replaced the Finance MinisterLooking ahead, highlights include EZ Unemployment Rate, US IJC,...