Newsquawk Rundown, Daily Podcast

Asia-Pac equity indices were mixed following the choppy performance of their US counterpartsIn FX, the DXY continues to hover around the 96.50 mark, NZD lagsRBNZ hiked the OCR by 25bps to 0.75% as expected and vowed to take a steady approach going forwardOil prices held on to the prior day's gains after Brent and WTI crude futures rallied by more than 3% and 2% respectivelyLooking ahead, highlights include German...

European bourses are subdued after a mixed APAC handover with newsflow minimal and focused on the SPR, COVID and Biden's speechUS futures are modestly lower, ES -0.2%, but performance has been comparably more contained following yesterday's late-doors selling pressureUS President Biden to speak at 19:00GMT/14:00EST, via Politico; will be speaking on the economy and lowering pricesThe DXY has dipped from YTD highs but remains in proximity...

Asia-Pac stocks traded mixed following a similar performance in the US where the Nasdaq underperformed alongside firmer yieldsIn FX, the DXY made further YTD highs, placing additional pressure on major counterpartsA source report noted that the US Energy Department will announce a loan of oil from the SPR on TuesdayUS President Biden's administration is reportedly mulling sending military advisers and new weapons to...

European bourses are mixed with catalyst sparse and focus on COVID; US futures firmer with RTY marginally outperformingFX is contained, DXY is softer but retaining 96.00; core debt has dipped after initial upside moves failed at key levels in thin volume pre-supplyPBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the YuanGerman coalition agreement could be attained as early as Monday or Tuesday...

Asia-Pac stocks traded mixed; US equity futures trade with mild gainsOn Friday, Fed’s Clarida suggested discussing the speeding of tapering, whilst Fed’s Waller said his preference is for the Fed to accelerate the taperPBoC-backed China Foreign Exchange Committee instructed bank traders to limit speculation on the YuanGerman coalition agreement could be attained as early as Monday or Tuesday this week, according to...

Pronounced and broad based risk-off move was seen as Austria announced a hard lockdown and Germany refused to rule such measures outThe back-to-back news pushed the DXY and Bunds above 96.00 and 172.00 respectively, Brent fell below USD 79.50/bbl; equities were pressuredUS House Democrat leaders are aiming for a vote on “Build Back Better” on Friday; CBO says the bill is not fully paid forChinese Premier Li says China's economy is seeing...

Asia-Pac stocks traded mostly positive; Hang Seng lagged amid substantial losses in AlibabaS&P 500 and Nasdaq notched fresh record closes; overnight US equity futures drifted higherIn FX, the DXY remained above 95.50, EUR/USD tested 1.1350 to the downside and AUD narrowly outperformedA compromise over the European Court of Justice could be within reach in Northern Ireland Protocol talks, according to...

Major bourses in Europe are choppy; US equity futures have been grinding higher in early European hoursIn FX, the DXY pulled back modestly from the 96.00 mark whilst the NZD/USD outperforms; EUR/USD and GBP/USD trade sidewaysNew COVID-19 restrictions for Germany are to be announced around lunchtime today, Sky's Parson'sChina National Food and Strategic Reserves Administration stated that it was working on the release of crude...

Asia-Pac stocks traded mostly negative with sentiment in the region subdued; Hong Kong laggedIn FX, the DXY pulled back modestly from the 96.00 level whilst NZD/USD outperformedUS and China reportedly agreed after the Biden-Xi meeting to embrace frequent interactions in the next 3-4 monthsChina National Food and Strategic Reserves Administration stated that it was working on the release of crude reservesUK and EU...

Risk sentiment is contained with fresh catalysts slim after a mixed APAC handover and ahead of numerous Central Bank speakers, ES U/CDXY remains near-96.00 after briefly surging above the mark with peers mixed but contained and NZD outperforming on domestic lockdown updatesTRY has been knocked to fresh record lows against the USD amid familiar commentary from Erdogan on interest rates ahead of tomorrow's CBRT announcementUS asks China to...