Newsquawk Rundown, Daily Podcast

Asia-Pac stocks sustained the momentum from Wall St; US equity futures traded sideways overnightIn FX, the DXY traded on either side of 93.000, EUR/USD encountered resistance ahead of 1.1750, and antipodeans outperformedChinese President Xi Jinping may not attend the G20 summit in Rome at the end of October which would delay a potential meeting with President BidenUS VP Harris said China's actions in the South China Sea continue to...

European bourses are firmer but off-highs, Euro Stoxx 50 +0.3%; US futures have been steady and contained with the RTY outperformingDXY is pressured as activity-FX rebounds from last week's declines, whilst havens lagFlash PMIs were mixed but overall below forecasts - reactions were minimalThe Fed’s Jackson Hole Symposium is shifting to a virtual event from the initial in-person format; schedule release August 26th at...

Asia-Pac bourses were firmer throughout the night; US equity futures also drifted higherIn FX, the DXY marginally pulled back from recent gains, high-betas outperformed, and havens laggedThe Fed’s Jackson Hole Symposium is shifting to a virtual event from the initial in-person formatFed's Kaplan (2023 voter) stated if they saw that the Delta variant would be persistent or start to affect demand, they would have to adjust...

Risk sentiment is slightly softer but performance overall is contained, ES -0.2%, amid limited newsflowDXY is firmer and remains above 93.50, with activity currencies lagging and safe-havens marginally positive once againChina's legislature passed the Personal Information Protection LawFed Chair Powell is to speak on 'The Economic Outlook' at the Jackson Hole Symposium on August 27th at 15:00BST/10:00EDTLooking...

The mood in Asia was mostly subdued following on from the losses in European bourses and indecision statesideEnergy was the worst-performing US sector once again as oil retreated for a 6th consecutive day and cyclicals laggedChina's legislature passed the Personal Information Protection LawIn FX, the DXY remains firm above 93.50, EUR/USD and GBP/USD remain on 1.16 and 1.36 handles respectivelyLooking ahead,...

Sentiment is firmly risk-off with European equity bourses and US futures pressured ES -0.6%, with USD, safe-haven FX and debt bidFresh newsflow has been minimal and action a continuation of APAC weakness post-FOMC Minutes after a downbeat US closeDXY is firmer but off 93.502 highs as activity/petro-FX slumps but JPY and CHF hold onto marginal gains; USTs outpace EGBs both both are bidBase metals are significantly hampered, LME Copper sub...

FOMC minutes suggested that participants generally judge that the standard of "substantial further progress" had not yet been metMost judged that it could be appropriate to start reducing the pace of asset purchases this yearStocks across Asia succumbed to the weakness seen across US peers with global risk sentiment pressured post-FOMC minutesHang Seng Tech Index declined to its lowest since its launch last year. Alibaba’s Hong Kong...

European equities (Eurostoxx 50 -0.3%) trade with a mild negative bias with sectors mixed; US futures essentially flatThe RBNZ kept rates unchanged at 0.25%; cited lockdown and uncertaintyDXY is contained holding above 93.00 with peers equally contained ex-NZD post RBNZ; USTs are flat after APAC pressure pre-20yr supply & Fed eventsFed's Rosengren supports a taper announcement next month for a start this fall and get on track to halt...

Asia-Pac bourses gradually improved and managed to shrug off the early cautiousness stemming from the weak Wall St. handoverThe RBNZ kept rates unchanged at 0.25%; cited lockdown and uncertaintyNZD recovered from initial losses with the RBNZ projecting a hike by year-end and another 100bps of increases in 2022The DXY, remains above 93.00, EUR/USD eyes 1.17 to the downside, JPY & CHF modestly lags vs. the...

European equities/US futures are hindered as sentiment slips on China updates and NZ returning to lockdown; ES -0.5%DXY is firmer but within ranges as safe-haven's remain little changed but antipodeans lag, particularly NZD pre-RBNZ on updated calls; core debt is bid but off bestChina's market regulator issued draft regulations on banning unfair competition in the internet sectorFed's Rosengren would be supportive of announcing a taper...