Newsquawk Rundown, Daily Podcast

Sentiment slipped around the European cash open given pressure in China's bourses, though we are currently off lows; Euro Stoxx 50 -0.4%, ES -0.3%USD is firmer with activity currencies pressured on the tone and safe-haven JPY outperforming; though, attention is on rising Tokyo COVID-19 cases amid the OlympicsSenate Majority Leader Schumer noted that the Senate may stay in session through the weekend to finish the billTesla earnings...

Asian equity markets traded mostly positive as the region found inspiration from Wall St. where all major indices extended on record highsSenate Majority Leader Schumer noted that the Senate may stay in session through the weekend to finish the billThe DXY consolidated after its recent retreat towards 92.50, EUR/USD and GBP/USD sit on 1.18 and 1.38 handles respectivelyTesla earnings exceeded expectations after reporting record deliveries;...

European bourses are softer but well off lows following a mixed APAC handover where China underperformed; Euro Stoxx 50 -0.4%Chinese Vice Foreign Minister Xie Feng said the relationship with the US is in a stalemate and now faces difficultiesModest further pressure was seen in sentiment after the downbeat Ifo release and supply-side commentary pushing core debt to session highs and US real yields (10yr TIPS) to record lowsUSD has been...

Equities are firmer this morning as a modest risk-on bias is present amid quiet newsflow; Euro Stoxx 50 +0.8%, ES +0.5%The DXY is firmer but still capped by 93.00 with peers slightly softer overall and JPY lagging amid the absence of Japanese participantsEZ Flash PMIs beat across the board though sparked little reaction while the UK release missed expectations and core retail sales disappointed; GBP edged lower after the latter...

Asian stocks traded mixed with the region indecisive following on from a choppy performance statesideThe DXY consolidated beneath 93.00, EUR/USD and GBP/USD trade on 1.17 and 1.37 handles respectivelyECB's Weidmann and Wunsch opposed the Bank's new rate guidance, according to sourcesGOP Senator Collins said the bipartisan infrastructure deal release is to be on Monday at the earliestLooking ahead, highlights...

Equity indices remain firmer with sectors/movers in Europe dictated by earnings updates with US futures firmer though magnitudes slimmer; Euro Stoxx 50 +1.1%, ES 0.2%The USD has been choppy but has recently dipped from highs though peers remain contained ex-AUD & GBPGBP was briefly pressured on dovish Broadbent commentary re. inflation with Gilts seeing more pronounced, but equally short-lived upside as debt retreats across the...

Asia-Pac stocks traded higher following the extended rebound across global counterpartsIn FX, the DXY remains sub-93.00, EUR/USD eyes 1.18 and GBP/USD sits on a 1.37 handleThe US Senate voted to block the opening of the debate on the bipartisan infrastructure planDemocrat Senator Manchin stated that they made significant progress in bipartisan infrastructure negotiations and are close to an agreementLooking...

Equities are firmer this morning with a pro-cyclical bias in play; Euro Stoxx 50 +1.4%, ES +0.4% & RTY +0.9%DXY has been choppy around the 93.00 mark with peers rangebound and USD/JPY contained by OpExCore debt is pressured given the risk tone and, unlike Tuesday, the Bund outing not offering any assistance to EGBs; US yield curve is bear-steepening, 10yr ~1.25%US Senator Manchin supports Senate Majority Leader Schumer's plan for a...

Asia-Pac stocks traded with a positive bias as the region partially took impetus from the rebound on Wall StIn FX, the DXY held above 93.00, EUR/USD trades on a 1.17 handle and GBP/USD holds on to 1.36 statusUS Democrat Senator Manchin said they are getting close on the infrastructure dealUK ministers are to say that Brussels has three months to sort out the Northern Ireland Protocol or Britain will go it alone, according to The...

European bourses began the session firmer in a mild paring of yesterday's losses but have since retraced the bulk of this; Euro Stoxx 50 +0.3%Similarly, US futures pulled back but retain an underlying bid with the RTY, +0.9%, outperformingThe DXY is firmer but sub-93.00 with peers only modestly pressured and activity currencies lagging once more while the JPY is flatCore debt received a boost from strong UK and German issuance, even given...