Newsquawk Rundown, Daily Podcast

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...

Asian equity markets were subdued following the mixed performance on Wall St; S&P 500 and DJIA posted a 5th consecutive session of record closesChina's market regulator issued draft regulations on banning unfair competition in the internet sectorFed's Rosengren would be supportive of announcing a taper program in September if there is another strong jobs reportIn FX, the DXY is firmer above 92.50, antipodeans lag with NZD hampered by...

European bourses/US futures are softer with FX-havens bid but core debt pulling back after initial upside on weekend/overnight updates; ES -0.2%Focus has been on disappointing activity data from China, while weekend newsflow was dominated by events in AfghanistanThe Taliban effectively took control of Kabul which prompted a mass exodus of foreigners and embassy personnel from the cityDXY benefits from pressure in activity currencies and...

Asia-Pac stocks traded mostly subdued and US equity futures pulled back from record levelsParticipants digested disappointing activity data from China, while weekend newsflow was dominated by events in AfghanistanThe Taliban effectively took control of Kabul which prompted a mass exodus of foreigners and embassy personnel from the cityIn FX, the DXY was choppy around 92.50, EUR/USD eyes 1.18 ahead of the European...

European bourses and US futures have a minimal positive bias but ultimately haven't deviated much from unchanged levelsUSD is downbeat but remains within reach of 93.00 with peers firmer but ultimately rangebound; debt sees USTs firmer while EGBs lost impetus after an initial flurry higherTokyo daily COVID cases set a new record high and Japan's total exceed 20k for the first time while Australia's New South Wales reported record new...

Asia-Pac equities traded mixed with a downside bias; the ASX 200 outperformed and the KOSPI laggedIn FX, DXY traded on either side of 93.00 whilst the EUR saw a mild bid as EUR/GBP tested 0.85South Korea issued a weekend stay-at-home order whilst Australia's New South Wales reported record new COVID casesUS FDA has allowed immunocompromised individuals to receive certain COVID booster shots, and said others do not need one at this...

Contained and quiet equity trade amid minimal macro developments ahead of US data; ES U/C, Euro Stoxx 50 +0.2%The DXY is modestly firmer but little changed with peers equally uninspiring while debt meanders pre-30yr US issuance after yesterday's strong saleOPEC members have not collectively discussed output increases following the White House statement, according to sourcesUS Treasury Secretary Yellen is said to be considering a trip to...

Asia-Pac equities traded saw a mixed session with a downside bias and a cautious tone; China laggedFX markets were quiet; DXY remained in a tight range sub-93.000, EUR/USD and GBP/USD were flatWhite House said the outreach to OPEC is aimed at long-term engagement and not necessarily an immediate responseOPEC members have not collectively discussed output increases following the White House statement, according to...

Equity bourses/futures are mixed but relatively contained around the unchanged mark in minimal newsflow; ES -0.1%, Euro Stoxx 50 +0.2%USD retains an underlying bid to the detriment of peers across the board though EUR/USD remains above current YTD lowsUS Senate passed the infrastructure bill as expected, most GOP Senators pledged to not help Democrats on the debt ceiling; subsequently passing the USD 3.5trl Democrat resolutionCore debt is...

APAC equities saw a mixed session; the ASX 200 hit a new high and the KOSPI laggedFX markets were quiet, DXY tested yesterday's high before pulling back, USD/JPY remained above 110.50Crude futures drifted lower overnight amid COVID developments in the Asia-Pac regionUS Senate passed the infrastructure bill as expected; most GOP Senators pledged to not help Democrats on the debt ceilingNorth Korea said it will...