Newsquawk Rundown, Daily Podcast

Asian equity markets traded negatively after a lacklustre handover from Wall Street where the major indices took a break from recent advancesChinese consumer prices registered their fastest increase in more than a year and factory gate prices rose at a fresh record paceA virtual meeting between US President Biden and Chinese President Xi is reportedly planned for as soon as next weekThe DXY heads into the European session north of 94.00,...

European bourses and US futures are contained with fundamental updates minimal and data not moving the dial ahead of Fed speak, ES +0.1%FX has seen the DXY lose 94.00 to the modest benefit of peers across the board while core debt is firmer experiencing a grinding bidFed's Brainard was interviewed by President Biden for the Fed Chair role last week, according to reportsLooking ahead, highlights include US PPI, ECB's Panetta, Lagarde,...

Asia-Pac stocks traded indecisively and were unable to benefit from the positive Wall St. handoverStateside, the S&P 500 notched an 8th consecutive record closeIn FX, the DXY has lost 94.00 status, JPY leads gains vs. the USD whilst EUR/USD has reclaimed 1.16Fed's Brainard was interviewed by President Biden for the Fed Chair role last week, according to reportsLooking ahead, highlights include German Trade...

European bourses/US futures are contained awaiting the US entrance and notable Central Bank speakers, ES +0.1%, NQ -0.1%Tesla (TSLA) CEO Musk, via a Twitter poll, asked if he should sell a 10% stake (~USD 21bln) in Tesla, 57.9% voted "Yes"; -6.0% in pre-marketDXY has been choppy though G10 peers, ex-NZD & CHF, are contained while core debt dips after Friday's upsideUS House voted to pass the USD 1.2tln bipartisan infrastructure bill...

Asian equity markets began the week subdued; US equity futures were mostly lower with underperformance in the NQTesla (TSLA) CEO Musk, via a Twitter poll, asked if he should sell a 10% stake (~USD 21bln) in Tesla; 57.9% voted "Yes" with over 3.5mln total votesUS House voted to pass the USD 1.2tln bipartisan infrastructure bill late on Friday and sent it to President Biden for signingChinese trade data showed a larger-than-expected trade...

European bourses are firmer after a directionless open, amid a grinding bid throughout the session with US futures following suit; ES +0.3US House is to meet at 12:00GMT/08:00EDT to debate the procedural “rule” to put the social spending bill on the floor; hoping to debate & vote todayThe DXY remains bid and is in proximity to the current YTD peak of 94.563 with peers subdued and GBP still reeling post-BoECore debt diverges with EGBs...

Asian equity markets traded cautiously following a somewhat mixed handover from the USThe S&P 500 and Nasdaq extended on fresh record highs with outperformance in rate-sensitive stocksThe DXY has held on to gains above 94.00, EUR/USD remains on a 1.15 handle and GBP/USD trades sub-1.35Looking ahead, highlights include German Industrial Production, Eurozone Retail Sales, US and Canadian Labour Market Reports, ECB's de Guindos,...

European bourses are firmer continuing the post-FOMC APAC tailwinds with US futures marginally positive but rangebound, ES +0.1%DXY is firmed and comfortably above 94.00 with EUR lagging and below 1.1550 & Cable pressured pre-BoEOPEC+ is likely to stick to plans to raise output by 400k BPD despite calls from the US for extra supply, according to sourcesHouse majority leader Hoyer said votes on bipartisan infrastructure framework and...

The FOMC announced its tapering schedule as expected whilst stressing patience on rate hikesAsia-Pac stocks traded higher amid tailwinds from the fresh record highs stateside in the aftermath of the FOMCDXY heads into the European open firmer and north of 94.00, EUR lags in the G10 space with EUR/USD sub-1.16Iran said nuclear talks will resume on November 29th in ViennaLooking ahead, highlights include German...

European bourses & US futures are contained in pre-FOMC trade; ES -0.1%China's most recent COVID-19 outbreak is reportedly the most widespread since WuhanDXY is pressured and briefly lost 94.00 but held above yesterday's trough with peers deriving modest gains; TRY lags in EMsECB's Lagarde said despite the current inflation surge, the outlook for inflation over the medium term remains subdued, three ECB conditions for hike unlikely to...