Newsquawk Rundown, Daily Podcast

Bourses in Europe extended on the losses seen at the cash open and trade lower across the boardUS equity futures have also been hit in tandem with the surge in global yields; NQ underperformsUS 10yr yield rose further above 1.50%, the 20yr topped 2.00% and the UK 10yr hit 1.00% for the first time since March 2020Advances in the crude complex saw Brent Nov contract reach USD 80/bbl, although volume and open interest has migrated to...

Asian equity markets traded mixed following on from a Wall Street lead where value outperformed growthThe DXY heads into the European open marginally softer with EUR/USD and GBP/USD on 1.17 and 1.37 handles respectivelyAdvances in the crude complex saw Brent reach USD 80/bbl for the first time since October 2018The Senate voted along party lines to block the bill to suspend the debt limit and avoid a government...

Bourses in Europe have trimmed the gains seen at the open, albeit the region remains mostly in positive territoryUS equity futures vary, with the NQ (-0.3%) lagging as yields tick higher, whilst the RTY (+0.4%) outperformsIn FX, the DXY eyes 93.500, EUR/USD fell below 1.1700 whilst USD/JPY inches closer to 111.00The German election results saw a narrow victory for the SPD, with the Greens and FDP set to play a key role in the...

Asian equity markets traded somewhat mixed with the region finding encouragement from reopening headlinesThat said, gains were capped heading towards month-end, while German election results remained tight and Evergrande uncertainty continued to lingerThe German election results saw a narrow victory for the SPD, with the Greens and FDP set to play a key role in the coalition-building processEUR was relatively unfazed by the inconclusive...

European bourses and US futures are subdued with Evergrande updates sparse and participants looking to Fed speak, ES -0.3%Silence from Evergrande and lack of coupon payments for its offshore bonds, stirred uncertainty for the company & APAC sentimentThe DXY holds on to 93.00 but peers are generally contained aside from antipodeans while core debt remains depressed as the Gilt yield inches to 1.00%Chinese State Planner has issued a...

Asian equity markets traded mixed with the region failing to fully sustain the impetus from the positive performance across global counterpartsSilence from Evergrande and lack of coupon payments for its offshore bonds, stirred uncertainty for the companyThe DXY holds on to 93.00 status with FX markets relatively contained ahead of the European sessionWhite House Budget Office will reportedly tell federal agencies to begin preparations for...

Risk sentiment remains positive after the APAC-lead; however, latest Evergrande sources have tarnished sentiment somewhat, ES +0.6%Chinese authorities are asking local governments to begin preparations for the potential downfall of Evergrande, WSJ citing sourcesOn the subject, China has told Evergrande to avoid a near-term USD bond default; we await details of today's paymentDXY is subdued with peers firmer across the board ex-JPY on the...

The FOMC gave notice that a reduction in the pace of asset purchases may soon be warrantedFed Median dot plot sees 1 hike in 2022 (prev. 0); 3 hikes in 2023 (prev. 2); 7 hikes through 2024; long run 9 (prev. 9)Asian equity markets traded mostly positively as the region took its cue from the gains in the USDXY has pulled back a touch from advances above 93.50 and EUR/USD has reclaimed 1.17 to the upsideLooking...

Risk sentiment has strengthened on China's return to market amid PBoC liquidity operations and Evergrande developmentsEvergrande’s main unit Hengda Real Estate will make domestic coupon payments due tomorrow; offshore payments unclear, sourcesEquities are firmer with Europe marginally outperforming ahead of the US entrance with attention on the FOMC, ES +0.3%FX features a softer but contained DXY with debt equally uninspiring and perhaps...

Asian equity markets traded mixed as caution lingered ahead of upcoming risk events including the FOMCParticipants also digested the latest Evergrande developments and China’s return to the market from the Mid-Autumn FestivalEvergrande’s main unit Hengda Real Estate will make coupon payments due tomorrowIn FX, the DXY is rangebound, activity currencies lead and havens lag in the G10 FX spaceUS House voted 220 vs...