Newsquawk Rundown, Daily Podcast

European bourse trade mixed after an initial foray lower as China-losses accelerated into the APAC closeUS equity futures are flat/contained in the run-up to CPI, with the NQ narrowly laggingIn FX, the DXY is softer but straddling 92.50 while peers are mixed and AUD lags post-LoweRBA Governor Lowe said it is difficult to understand markets pricing of hikes in 2022 and 2023UK ministers are said to be mulling axing...

Asia-Pac stocks eventually followed suit to the mostly positive handover from the US; US equity futures traded with mild gains overnightIn FX, DXY remained lacklustre, EUR/USD and GBP/USD were little changed, USD/JPY held onto 110.00 and AUD was pressuredRBA Governor Lowe said it is difficult to understand markets pricing in of hikes in 2022 and 2023UK ministers are said to be mulling axing pre-departure COVID tests to “low risk”...

Risk sentiment turned constructive shrugging off a mixed APAC handover, Euro Stoxx 50 +0.6%, ES +0.5%USD is firmer, though G10 peers are mixed as antipodeans outperform while safe-havens lagGlobal Times Editor warned Taiwan of "full scale" sanctions and military patrols following the proposal to rename Taiwan’s US officeNorth Korea test fired long-range missiles on Saturday and Sunday which allegedly hit targets 1,500km...

Asia-Pac stocks began the week cautiously; US equity futures faded their earlier mild gainsIn FX, the DXY was steady, EUR/USD and GBP/USD were subdued and USD/JPY traded choppyGlobal Times Editor warned Taiwan of "full scale" sanctions and military patrols following the proposal to rename Taiwan’s US officeNorth Korea test fired long-range missiles on Saturday and Sunday which allegedly hit targets 1,500km awayUK...

European equities (Stoxx 600 +0.3%) trade on a marginally firmer footing with the Stoxx 600 attempting to recoup some of the week's lossesUS equity futures are modestly firmer across the board with mild outperformance in the RTYUS President Biden and Chinese President Xi had a broad and strategic discussionSenate Democrats are floating plans to impose taxes on share buybacks and tightening rules around business partnerships, according to...

Asian stocks approached the weekend with a brightened mood as the region nursed recent lossesGains overnight were in contrast to a soft US close with the S&P 500 down just shy of 1% for the weekUS President Biden and Chinese President Xi spoke for the first time in seven monthsThe White House stated that the leaders "discussed the responsibility of both nations to ensure competition does not veer into...

Eurozone bourses have rebounded off worst levels but remain softer overall; US equity futures have recouped most of the earlier lossesFed's Bostic noted that recent data and the resurgence of COVID call for more time before a decision on reducing stimulus for the economyChinese inflation data showed softer than expected consumer prices but firmer factory gate pricesChina is to allow Evergrande (3333 HK) to reset debt terms to ease its...

Asia-Pac stock markets were mostly negative as the downbeat mood rolled over from the US and EuropeChinese inflation data showed softer than expected consumer prices but firmer factory gate pricesBoE Governor Bailey stated that the MPC was split as to whether minimum necessary conditions were met to raise interest ratesIn FX, the DXY heads into the European session with modest gains, EUR/USD holds on to 1.18 ahead of...

Bourses in Europe saw losses intensify shortly after the cash open; US equity futures followed suit but have since regained composureIn FX, the DXY sits further above 92.50, EUR/USD and GBP/USD trade on 1.18 and 1.37 handles respectivelyFed's Bullard (2022 voter) said the Fed should proceed with tapering despite the weak US jobs dataUS Democrat Senator Manchin privately warned he would only support as little as USD 1.0tln of Biden's...

Asia-Pac equity markets followed suit from the lacklustre performance in the USSentiment stateside was subdued on return from Labor Day with weakness seen in cyclicalsIn FX, the DXY sits above 92.50, EUR/USD and GBP/USD trade on 1.18 and 1.37 handles respectivelyUS Democrat Senator Manchin privately warned he would only support as little as USD 1.0tln of Biden's spending plansLooking ahead, highlights include EIA...