Newsquawk Rundown, Daily Podcast

European bourses are firmer shrugging off the APAC handover while US futures post gains of a smaller magnitude; ES +0.3%President Biden reportedly stated to progressives that the spending package needs to be between USD 1.9tln-2.2tlnIn FX, the DXY remains near 94.00 with havens lagging as sentiment recovers while core debt diverges but remains containedRBA kept policy settings unchanged and reiterated its dovish guidance that suggests no...

Asia-Pac stocks were pressured following the tech sell-off in the US and several headwinds for global marketsPresident Biden reportedly stated to progressives that the spending package needs to be between USD 1.9tln-2.2tlnIn FX, the DXY hovers around the 94.00 mark, EUR/USD and GBP/USD eye 1.16 and 1.36 respectivelyRBA kept policy settings unchanged and reiterated its dovish guidance that suggests no rate hike until 2024 at the...

Major bourses in Europe have adopted somewhat of a mixed picture following on from the broad-based downbeat cash openIn FX, the DXY briefly dipped below 94.000, EUR/USD and USD/JPY were choppy around 1.1600 and 111.00 respectivelyA total of 39 Chinese military jets flew into Taiwan’s air defence zone on Saturday followed by another 16 on SundayUS House progressives are reportedly willing to compromise on the USD 3.5tln amount with limits...

Asian equity markets traded mixed amid the ongoing Evergrande default concerns; mainland China was awayIn FX, the DXY briefly dipped below 94.000, EUR/USD and USD/JPY were choppy around 1.1600 and 111.00 respectivelyA total of 39 Chinese military jets flew into Taiwan’s air defence zone on Saturday followed by another 16 on SundayUS House progressives are reportedly willing to compromise on the USD 3.5tln amount with limits but rejected...

Bourses in Europe kicked off the first trading day of Q4 on the back foot, although the selling has somewhat stabilisedUS equity futures have also succumbed to the risk aversion; Chinese markets commenced the Golden Week holidayIn FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD attempts to reclaw lossesThe House refrained from voting on the USD 1tln bipartisan infrastructure framework on Thursday...

Asia-Pac stocks began Q4 on the backfoot following the negative handover from Wall St.The S&P 500 closed the month and quarter out with its worst performance since the start of the pandemicIn FX, the DXY maintains 94.00 status, EUR/USD trades sub-1.16 and GBP/USD remains pressuredCongress passed the stopgap funding bill to avert a government shutdownThe House refrained from voting on the USD 1tln bipartisan...

The upside momentum seen across US and European equity futures overnight stalled, with equities losing ground heading into the US sessionIn FX, DXY eclipsed 94.500, EUR/USD hit a 14-month low, USD/JPY trades on either side of 112.00Chinese official Manufacturing PMI disappointed, whilst the Non-Manufacturing and Composite returned to expansionary territoryThe House passed the bill to suspend the debt ceiling to December 2022; unlikely to...

Asia-Pac stocks traded somewhat varied with the region indecisive at quarter-end and as participants digested a slew of data releasesChinese official Manufacturing PMI disappointed, whilst the Non-Manufacturing and Composite returned to expansionary territoryIn FX, the DXY remains on a 94.00 handle, whilst EUR/USD recouped 1.16 status and GBP/USD trades on a 1.34 handleThe House passed the bill to suspend the debt ceiling to December...

Bourses in Europe are attempting to claw back some ground lost yesterday; the Oil & Gas sector lags while Tech recoversIn FX, DXY printed a new YTD high sub-94.00, EUR/USD hit fresh 2021 lows and the NZD underperformsEvergrande sold CNY 10bln of shares in Shengjing Bank that will be used to pay the developer’s debt owed to the companyJapan's Kishida has been elected as the leader of the LDP Party and as the new Japanese...

Asian equity markets were pressured on spillover selling from global peers which saw the S&P 500 suffer its worst day since MayTech losses were magnified as yields climbed and with sentiment also dampened by weak dataEvergrande sold CNY 10bln of shares in Shengjing Bank that will be used to pay the developer’s debt owed to the companyIn FX markets, the USD held on to most of the prior day’s gains, EUR/USD and GBP/USD remain on 1.16...