Newsquawk Rundown, Daily Podcast

Asian equity markets traded mixed and struggled to sustain the positive lead from the USThe S&P 500 reclaimed the 4,700 level and briefly approached to within four points of its all-time highIn FX, the DXY has breached 96.00 to the upside, sending EUR/USD below 1.13 and USD/JPY to a four year highUS President Biden said that he will make a final decision about Fed Chair in about four daysLooking ahead,...

European bourses/US futures diverge with Europe firmer after a mixed APAC session while US peers remain tentative ahead of retail/IP dataOpening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the eventChinese President Xi said both sides must increase communication and cooperationGerman Energy Regulator has temporarily suspended certification for Nord Stream 2; subsequently,...

Asia-Pac stocks traded mixed in a slight improvement from the inconclusive Wall St. handoverOpening remarks at the Biden-Xi virtual meeting set a friendly tone although expectations had been lowered ahead of the eventChinese President Xi said both sides must increase communication and cooperationThe DXY has seen a mild pullback from advances above 95.50. EUR/USD remains sub-1.14Looking ahead, highlights include...

European bourses and US futures remain contained after an indecisive APAC session on mixed data ahead of Biden-Xi meetingReleases included better than expected Chinese activity data and a miss on Japanese GDPBiden-Xi meeting is aimed at setting the terms of trade to avoid future conflict, tariffs not expected to be on the agendaDXY remains softer on the session but holds onto 95.00 after briefly losing it overnight, peers are broadly...

Asian equity markets began the week with a lack of firm direction as the region digested varied tier-1 economic dataReleases included better than expected Chinese activity data and a miss on Japanese GDPDXY heads into the European session around the 95.00 mark. Antipodeans lead gains vs. the USDWhite House said it is looking at every tool in its arsenal to address the rise in gas pricesLooking ahead, highlights...

European bourses & US futures are modestly firmer, action has been very rangebound in quiet trade, ES +0.1%Russian Defence Ministry says US military activity in the Black Sea is aggressive and poses a threat to regional and strategic stability, IFX.DXY remains above 95.00 but the broader complex is mixed with similar performance in fixed income on the return of cash TreasuriesJohnson & Johnson (JNJ) is planning to split into two...

Asian equity markets traded mostly higher following a mixed session in the USStateside, SPX closed flat, DJIA lower, NDX bid, and RUT outperformedThe DXY has extended on gains above 95.00, adding further pressure to major counterpartsMexican Central Bank raised its interest rate by 25bps to 5.0%, as expectedLooking ahead, highlights include Eurozone Industrial Production, US JOLTS, Uni. of Michigan, ECB's...

European bourses are contained with newsflow minimal given Veteran's Day and the light docket; ES +0.3%In FX, the DXY has eclipsed 95.00 with peers pressured across the board with Cable losing 1.3400 and EUR/USD approaching 1.1450WTI and Brent have been choppy but come under further pressure as the USD picks-up ahead of the OPEC MOMRUS Senator Manchin could reportedly "punt" Biden's Build Back Better agenda to next year amid inflation...

Asian equity markets traded mixed as positive headlines out of China provided reprieve from losses in the USEvergrande was reported to have paid the overdue interest on three bonds to avoid a defaultIn FX, the DXY tested 95.0 to the upside, EUR/USD trades sub-1.15 and AUD lags post-jobs dataUS Senator Manchin could reportedly "punt" Biden's Build Back Better agenda to next year amid inflation concernsLooking...

European bourses & US futures are rangebound and directionless ahead of US data, with IJC also due given Veteran's dayDXY is bolstered having reclaimed 94.00 with peers subdued across the board and NZD lagging on dataCore debt is subdued pre-CPI with ECB-related updates and another poor German issuance factoringChinese consumer prices registered their fastest increase in more than a year and factory gate prices rose at a fresh record...