Newsquawk Rundown, Daily Podcast

Asian equity markets traded mostly positive as the region took its cue from the extended gains on Wall StreetThe PBoC maintained its benchmark Loan Prime Rates for the 18th consecutive monthThe DXY remains on a softer footing, EUR/USD hovers around 1.1650 and GBP/USD sits on a 1.38 handlePresident Biden told Democrat lawmakers he believed they could secure an agreement for a tax and spending proposal valued at USD...

European bourses/US futures are firmer though the upside is marginal amid minimal fresh macro impulses; ES +0.4%The DXY remains subdued and sub-94.00, whilst antipodeans lead in the G10 spaceCore debt is contained and the US yield curve is slightly steeper ahead of Central Bank speak and Wednesday's issuanceLooking ahead, highlights include US Building Permits & Housing Starts, ECB's Elderson, Panetta, Lane, BoE's Bailey, Mann, Pill,...

Asian equity markets were kept afloat with the region encouraged after the mostly positive lead from the USBig tech gained including Apple which, benefitted following its hardware eventThe DXY remains on a softer footing and sub-94.00, whilst antipodeans lead in the G10 spaceLooking ahead, highlights include US Building Permits & Housing Starts, ECB's Elderson, Panetta, Lane, BoE's Bailey, Fed's Harker, Daly, Bostic,...

European bourses/US futures are softer in-line with the APAC handover; ES -0.4%Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production dataInflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade highBoE Governor Bailey cautioned that the MPC will have to act to contain inflation and GS now looks for a November hike, ~70% market pricing for...

Asia-Pac stocks traded cautiously after disappointing Chinese GDP and Industrial Production dataInflationary concerns lingered amid a continued rally in oil prices and with New Zealand CPI at a decade highBoE Governor Bailey cautioned that the MPC will have to act to contain inflationIn FX, the DXY heads into the European session firmer and north of 94.00Looking ahead, highlights include US Industrial Production,...

European bourses are firmer but off best levels; US equity futures see broad-based gainsIn FX, the DXY is subdued below 94.00, with JPY lagging and USD/JPY firmly above 114.00PBoC says risks to the financial system from Evergrande are controllable and separately that China's inflation is under controlUS State Department spokesperson said they are "engaged in diplomacy" with OPEC+ members regarding outputBitcoin...

Asia-Pac stocks traded higher amid tailwinds from the upbeat mood across global peers; US equity futures drifted higher overnightIn FX, the DXY was subdued below 94.00; Kiwi outperformed while USD/JPY topped 114.00UK government spokesperson said there is “still a substantial gap” between the UK and the EU on the Northern Ireland ProtocolUS State Department spokesperson said they are "engaged in diplomacy" with OPEC+ members regarding...

European bourses are US futures are upbeat continuing the constructive APAC performance; ES +0.7%China saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate pricesDXY has been under pressure and sub-94.00 throughout the morning while core debt grinds higher but Gilts lagThe EU is reportedly mulling a move that would restrict the European Court of Justice (ECJ) from policing...

A constructive mood was seen across Asia-Pac stocks; US equity futures marginally gained overnightThe FOMC meeting minutes laid out the potential announcement timing and parameters of the QE taperingChina saw mixed inflation numbers; CPI printed below estimates but PPI topped forecasts for a record increase in factory gate pricesThe EU is reportedly mulling a move that would restrict the European Court of Justice (ECJ) from policing the...

The mood across European stocks has improved from the subdued cash open (Euro Stoxx 50 +0.5%; Stoxx 600 +0.3%)US equity futures have also nursed earlier losses and trade in modest positive territory across the board, with the NQ narrowly outperformingApple is reportedly set to slash iPhone production due to the chip crunchChinese trade data saw exports top estimates but imports disappointedLooking ahead,...