Newsquawk Rundown, Daily Podcast

Asia-Pac stocks were mixed following the choppy performance stateside with sentiment also hampered by an update from AppleApple is reportedly set to slash iPhone production due to the chip crunchChinese trade data saw exports top estimates but imports disappointedHong Kong markets were kept shut amid a typhoon warningThe DXY heads into the European open on the backfoot, GBP leads in the G10 space after reclaiming...

European bourses kicked the day off softer but have since drifted higher; US equity futures nursed earlier lossesIn FX, DXY is off overnight lows, USD/JPY tested 113.00 to the downside, USD/TRY extended above 9.00EU antitrust regulators is reportedly likely to open an investigation into Nvidia's (NVDA) USD 54bln bid from ArmChip supply shortage eased in China in September; chip supply is expected to improve in...

Bourses in Europe are mostly but modestly lower (ex-FTSE 100); US equity futures see broad-based losses of 0.3-0.4%In FX, DXY is firmer after wiping out earlier losses, USD/JPY tested 113.00, EUR/USD approaches 1.1550, and AUD outperformsChinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on SaturdayBoE’s Saunders stated that an increase in interest rates could come “significantly...

Asia-Pac stocks traded mostly positive after shrugging off the weak post-NFP US leadChinese Vice Premier Liu He exchanged views with USTR Tai on the trade agreement during a virtual discussion on SaturdayIn FX, the DXY maintains 94.00 status, EUR/USD sits on a 1.15 handle and GBP is firmer post-hawkish BoE remarksBoE’s Saunders stated that an increase in interest rates could come “significantly earlier” than previously...

Marginally positive European equity open fizzled out as we await fresh catalysts pre-NFP but oil remains upbeatDXY remains above 94.00 but has come under modest pressure though safe-havens continue to lag and core debt remains downbeatMainland China was bolstered on its return from Golden week; China's Caixin Services PMI topped forecastsUS Senate voted 50-48 to pass the debt limit bill which sends it to the House, while House Majority...

APAC bourses were mostly higher on the broader upbeat-tone; Mainland China was bolstered on its return from Golden weekChina's Caixin Services PMI beat expectations and the Composite measure climbed into expansionary territoryIn FX, the DXY remains above 94.00 and safe-havens lag, while USTs are modestly subdued heading into NFPUS National Security Adviser Sullivan said talks with China's Yang Jiechi were productive and noted there were...

Equities and US equity futures remain buoyed and in relatively contained ranges as we await tomorrow's NFP and the return of China; ES +0.7%Holders of Evergrande-linked Jumbo Fortune bonds are reportedly yet to receive payment, holders next step would be to request payment from EvergrandeDXY remains above 94.00 but has given up gains with peers deriving some marginal benefitCore debt has been dictated by Central Bank speak with BoE...

Asia-Pac stocks traded in the green; Hang Seng outperformed while Mainland China observed the last day of Golden WeekIn FX, the DXY was steady above 94.00, EUR/USD hovered around 1.1550, Antipodeans outperformedUS and China have an agreement in principle for a Biden-Xi virtual meeting before the end of the yearUS Senate Minority Leader McConnell offered a short-term debt ceiling extension to DecemberECB is to...

Equities are pressured with sentiment firmly risk-off after the positive US handover fizzled out in APAC hours; ES -1.3%, Euro Stoxx 50 -2.2%In FX, the DXY has continued to make ground with the YTD peak of 93.504 in-sight, while debt is subdued but off lows as some safe-haven premium emergesGlobal Times writes, citing analysts, that a possible summit between President's Biden and Xi may be on the Zurich meeting agendaUS President Biden...

Asia-Pac bourses traded mostly lower after failing to sustain the initial momentum from Wall StMajor US indices closed higher as buyers returned to tech and the higher yield environment provided support for financialsThe White House commented that President Biden has confidence in Fed Chair Powell "at this time"In FX, the DXY marginally extended above 94.00, EUR/USD sits sub-1.16, NZD lags after RBNZ support proved to be...