Newsquawk Rundown, Daily Podcast

European bourses are marginally firmer with US futures mixed/flat in quiet newsflow after initial overnight pressure in futures despite a lack of catalystsUS Senate's infrastructure deal vote is expected today at 11:00EDT/16:00BSTUSD is underpinned to the detriment of safe-haven CHF & JPY while USTs are steady but EGBs/Gilts are bid post-ZEW/DMO issuanceChina's Daily noted that the PBoC may have to cut the RRR or interest rate to spur...

APAC equities traded mixed; the Nikkei gave up its catch-up gains and China was choppyUS equity futures were dented alongside sentiment despite the absence of a catalyst at the timeFed's Rosengren (2022 voter) said the Fed should announce QE tapering in September for a start this fallChina's Daily noted that the PBoC may have to cut the RRR or interest rate to spur growthNorth Korea warned the US and South Korean...

European bourses lack direction amid quiet newsflow following a Japanese market holiday while US futures are mixed and the RTY lags, -0.6%Spot gold and silver saw mini flash crashes in early and thin APAC trade, while crude futures continue to crumbleIn FX, the DXY remains pressured though relatively rangebound with peers similarly mixed and containedBeijing has imposed domestic travel restrictions and Israel warned of fresh lockdowns...

APAC stocks traded cautiously with volumes light in Japan's absence; China eventually outperformedSpot gold and silver saw mini flash crashes in early and thin trade, while crude futures remained subduedIn FX, DXY drifted off best levels, EUR/USD briefly dipped to a four-month low and USD/JPY traded sidewaysBeijing has imposed domestic travel restrictions and Israel warned of fresh lockdowns amid rising COVID...

European bourses are marginally firmer in tentative and contained trade amid minimal newsflowUS equity futures trade sideways in the run-up to the final jobs report before the Fed's Jackson Hole SymposiumIn FX, the DXY continues to grind higher to the detriment of peers across the board while EUR/GBP approaches YTD lowsRBA Governor Lowe welcomes a lower AUD rate, but stressed that it is not a targetUS Senate...

Asia-Pac equities saw a mixed session; Mainland China narrowly underperformedUS equity futures traded sideways in the run-up to the final jobs report before the Fed's Jackson Hole SymposiumIn FX, DXY was firmer, EUR and GBP were flat whilst the AUD and NZD laggedRBA Governor Lowe welcomes a lower AUD rate, but stressed that it is not a targetUS Senate Majority Leader Schumer confirmed the infrastructure bill...

European bourses are firmer but contained with earnings dominating as macro updates are minimal; Euro Stoxx 50 +0.4%, ES U/CUSD has been pressured to the benefit of peers ex-JPY, though performance is overall relatively contained while USTs & EGBs divergeFed's Daly (2021, 2024 voter) said her modal outlook is the Fed will be able to taper later this year or early next - but emphasized data dependencyChina said it opposes the US' arms...

Asia-Pac equities traded mixed with the breadth of the price action narrow; US equity futures saw mild gainsIn FX, DXY held onto the Clarida-induced gains; the non-US Dollars saw some upside and the JPY narrowly laggedFed's Daly (2021, 2024 voter) said her modal outlook is the Fed will be able to taper later this year or early next - but emphasized data dependencyUK is removing the quarantine requirement for fully jabbed travellers coming...

Equity bourses are firmer in Europe with US futures little changed in a contained session pre-Clarida/quarterly refunding; ES U/CIn FX, the USD rose to fresh weekly highs with peers mixed as antipodeans outperform and EUR/USD drops to within a 2bln FX option band for the NY cutChina's Caixin Services PMI topped forecasts, but companies reported having higher staff, fuel and raw material costs during JulyThe US military is expected to...

Asia-Pac equities traded mostly higher; Hong Kong outperformed with the Hang Seng Tech Index rising over 3%US equity futures overnight resumed trade modestly softer and were caged throughout the sessionIn FX, DXY probed 92.000, EUR, GBP and JPY were uneventful whilst the NZD was bolstered by a solid jobs reportChina's Caixin Services PMI topped forecasts, but companies reported having higher staff, fuel and raw material costs during...