Newsquawk Rundown, Daily Podcast

European equities, Stoxx 50 +0.3%, are dictated by earnings updates with Oil names outperforming on BP and autos diverging after Daimler and StellantisStateside, futures are firmer and the RTY is outperforming ahead of further large-cap earningsIn FX, DXY lost 92.00; EUR, GBP, and JPY are firmer but relatively contained whilst antipodeans outperform on central bank updatesThe RBA unexpectedly left its QE taper plans unchanged vs...

APAC equities saw a cautious session; Hong Kong lagged as gaming stocks were hit by China's renewed crackdownUS equity futures overnight resumed trade with mild broad-based gainsIn FX, DXY held onto 92.00; EUR, GBP, and JPY were uneventful whilst antipodeans saw central bank updatesFed Governor Waller suggested the Fed could make a taper announcement by September for an October start and should be a position to increase rates in 2022 if...

Risk sentiment is constructive though EU action has been minimal and focused on earnings/weekend newsflow as we await risk events; ES +0.6%The DXY is sedate on the new-month with peers benefitting but only modestly so; core debt is deviating with USTs firmerA vote on the USD 1tln infrastructure bill could be held “in a matter of days,” Senate Democratic leader Schumer saidFed's Brainard (voter) said she would like to have the September...

APAC equities traded higher across the board; Japan outperformed whilst China reboundedUS equity futures extended on gains throughout the night, with the ES and NQ back above 4,400 and 15,000 respectivelyFX markets were uneventful, DXY traded within a tight range just above the 92.00, EUR, GBP and JPY traded sidewaysA vote on the USD 1tln infrastructure bill could be held “in a matter of days,” Senate Democratic leader Schumer...

Equities are subdued going into month-end with attention on AMZN (-6.1%) following a disappointing earnings report and guidance; ES -0.6%USD has been choppy and pressured for much of the session, though has staged a modest recovery with peers mixed/flatUS SEC has stopped processing the IPO registrations of Chinese companies, according to sources; while China has cautioned on ride-hailing CosLooking ahead, highlights include US Personal...

Asia-Pac stocks mostly weakened at month-end with the region occupied by a slew of earnings and data releasesAmazon was seen lower by 7.4% after-hours following a disappointing earnings report and guidanceIn FX, the DXY heads into the European open around the 92.00 mark, EUR/USD trades sub-1.19 and GBP/USD maintains 1.39 statusLooking ahead, highlights include German GDP, Eurozone CPI, GDP, US Personal Income, PCE, Canadian GDP, Fed's...

European bourses are firmer after an earnings dominated morning with US futures positively-biased but more contained; Euro Stoxx 50 +0.4%, ES +0.2%DXY is subdued and sub-92.00 at worst to the benefit of G10 peers while debt dips on sentiment and ahead of US 7yr supplyThe US Senate voted 67-32 to move forward with the bipartisan infrastructure bill after a bipartisan agreement was reachedJapan's PM Suga will decide on the state of...

FOMC stood pat on policy whilst noting that progress has been made towards goals; substantial threshold not yet metFOMC is on track to make an explicit ‘taper is coming’ signal at the Jackson Hole SymposiumAsia-Pac stocks traded positively alongside a rebound in Chinese equities as regulators attempted to stem the routThe DXY was softer post-FOMC but maintains 92.00 status; EUR/USD and GBP sit on 1.18 and 1.39 handles...

Equity indices are firmer but contained pre-Fed after the lacklustre APAC handover with movers dominated by earnings; Euro Stoxx 50 +0.7%, ES +0.2%Large cap US earnings sees Apple lower pre-market trade, Microsoft marginally firmer and Alphabet higher; all beat on top and bottom linesUSD is choppy but rangebound with peers exhibiting similar performance and core debt is similar, US yield curve is modestly bear-steepeningLooking ahead,...

Asian equity markets traded mostly lower following on from the subdued mood in global counterpartsLarge cap US earnings saw Apple lower in after-market trade, Microsoft marginally firmer and Alphabet higher; all beat on top and bottom linesDXY is lacklustre around 92.50 ahead of FOMC. EUR/USD and GBP/USD trade on 1.18 and 1.38 handles respectivelyLooking ahead, highlights include German GFK Consumer Sentiment, Canadian CPI, DoEs, FOMC...