Newsquawk Rundown, Daily Podcast

Bourses in Europe have retained the uninspiring price action seen at the cash open (Euro Stoxx 50 -0.1%; Stoxx 600 -0.1%)In FX, DXY remains on the front foot to the detriment of G10 peers; USD/JPY eyes 110.00 to the upside while GBP/USD probes 1.3800Crude prices have extended their declines as US player enter the fray from the long weekend; WTI futures did not settle yesterdayThe RBA announced it is to proceed with tapering whilst also...

Asia-Pac stocks traded cautiously as the region struggled for direction post-US market closuresThe RBA announced it is to proceed with tapering whilst also extending the period to at least February from mid-NovemberChinese trade data topped estimates in USD terms with a 25.6% Y/Y jump in exportsThe Nikkei 225 briefly reclaimed 30k to the upside amid the upcoming leadership transitionThe DXY is contained in the...

Asia-Pac stocks were mostly positive but with gains somewhat limited post-NFPNikkei 225 (+1.8%) continued the outperformance that was spurred by the approaching leadership change in JapanUS equity futures were contained amid the Labor Day holidayIn FX, the DXY has attempted to claw back recent losses. EUR/USD has been unable to hold onto 1.19 statusUK PM Johnson is facing a tough battle to persuade the...

European bourses are contained but with a negative bias while US futures have a slight positive bias, ES +0.2%Both Caixin Services and Composite PMIs fell into contractionary territoryFX space is very contained with antipodeans modestly outperforming once again while USD/JPY rose above 110.00 briefly amid political updatesJapanese PM Suga will not run in the LDP leadership race and is set to step down as...

Asia-Pac bourses showed a positive bias after further disappointing PMIs from China only partially offset the tailwinds from the USYesterday, the S&P 500 and Nasdaq Comp registered fresh all-time highsBoth Caixin Services and Composite PMIs fell into contractionary territoryJapanese PM Suga will not run in the LDP leadership race and is set to step down as PMIn FX, the DXY remains subdued, Antipodeans...

European bourses/US futures are modestly firmer in quiet and rangebound trade before today's US data; ES +0.2%FX sees the DXY lower but still above Wednesday's trough with peers, ex-CHF/JPY, firmerWTI & Brent have recovered from yesterday's downside and the benchmarks are modestly firmer post-OPECLooking ahead, highlights include US Challenger Layoffs, IJC, Canadian Trade Balance, Factory Orders, Fed's...

Asian equity markets took their cues from a similar indecisive performance statesidePrice action in the FX space is contained as DXY oscillates around the 92.50 markPost-tropical storm Ida continued to cause havoc stateside with NYC declaring a state of emergencyWTI crude futures are slightly lower after OPEC+ agreed to stick to the existing policy of gradual oil output hikesLooking ahead, highlights include...

European bourses/US futures are firmer but off highs after a cautious APAC handover following Chinese PMIs and before Tier 1 US data; ES +0.3%Chinese Caixin PMI slipped into contractionary territory for the first time since April last yearThe morning's OPEC related sources indicate that they will continue with current policy i.e. +400k BPDDXY is downbeat with peers mixed as USD/JPY rises with UST yields, though these are off best...

Asian stocks traded cautiously after further disappointing Chinese PMI data and a soft handover from the USThat said, losses on Wall Street were marginal and all major indices registered a seventh consecutive monthly gain for AugustChinese Caixin PMI slipped into contractionary territory for the first time since April last yearIn FX, the DXY has pared some of its recent losses, EUR/USD has lost 1.18 status, havens...

European bourses are firmer though are off post-EZ CPI highs, Euro Stoxx 50 +0.4%; US futures have pared overnight gains, ES +0.1%Chinese Manufacturing PMI missed estimates, while Non-Manufacturing and Composite PMI both showed a contraction for the first time in 16 monthsThe DXY remains downbeat with peers bid across the board but NZD the main beneficiary taking impetus from AUD/NZD actionCore debt is depressed with pressure exacerbated...