Newsquawk Rundown, Daily Podcast

Asian equity markets traded lower after the region inherited a negative mood from global peersUS CDC raised UK to the highest risk level and warned Americans not to travel to BritainThe DXY heads into the European open firmer, but sub-93.00, EUR/USD and GBP/USD trade on 1.17 and 1.36 handles respectivelyUS Senate Majority Leader Schumer confirmed he will set a vote on the motion to proceed to debate on the bipartisan USD 1.2tln...

Risk-off sentiment is portrayed across markets as the downbeat APAC tone reverberates into Europe; Euro Stoxx 50 -2.1%, ES -0.9%US equity futures are lower across the board with the RTY (-1.7%) underperforming whilst losses in the NQ (-0.3%) are cushionedDXY eclipsed 93.00 with activity/crude currencies lagging and JPY outperforming while USTs are bid as the 10yr yields dips below 1.25%OPEC+ agreed to extend supply management until end of...

Asia-Pac stocks and US equity futures began the week on the back foot; Hong Kong underperformedIn FX, DXY held on to Friday's mild gains, EUR/USD tested 1.1800 to the downside and USD/JPY dipped below 110.00ECB reportedly disagreed on stimulus guidance drafts for the 22nd July meeting, while talks on bond buying will reportedly not happen until the September meeting, according to sourcesOil prices are softer after OPEC+ reached an...

European bourses are mixed/lower following an indecisive open; US equity futures are flat intradayDXY has been choppy with G10 peers trading similarly though the NZD outperforms on further RBNZ hawkish calls while USD/JPY trades above 110.00US President Biden's Administration has issued an advisory warning US businesses on the risks of operating in Hong Kong, as expectedChina denied the request for US Deputy Secretary of State Sherman to...

Asian stocks were subdued as the region took its cue from the lacklustre performance across global peers; US equity futures were flat overnightIn FX, DXY remained above 92.50, USD/JPY probed 110.00 and the NZD outperformed and Westpac now expects three RBNZ hikes this yearUS is preparing to impose sanctions on several Chinese officials over Hong Kong (in line with prior sources)China denied the request for US Deputy Secretary of State...

European bourses are lower across the board following a mixed-APAC handover where China outperformedUS equity futures vary with the NQ (+0.3%) the outperformer while the RTY (-0.8%) lagsBoE's Saunders said it may become appropriate fairly soon to withdraw some of the current monetary stimulus; sparking a hawkish reaction across UK assetsDXY is subdued losing initial upside as GBP climbs on Saunders while core debt is dragged down by...

APAC equities lacked firm direction, Hong Kong outpaced peers; US equity futures were mixed, NQ outperformedIn FX, the DXY tested but failed to breach 92.50 to the upside, USD/JPY fell under 110.00 and EUR/USD remained above 1.1800Fed Chair Powell stated it is still appropriate that monetary policy remains highly accommodative and that the jobs market is still a ways off from progress needed to begin taperingChinese GDP Q/Q beat...

European bourses hold a modest downside bias while US futures are mixed/flat; ES U/C & NQ +0.3%The RBNZ kept its OCR unchanged but tilted more hawkish than was expected; NZD outperformsUSD is pressured with peers firmer but contained ex-NZD while core debt has bounced after strong German issuanceUS Senate Democrats reached a USD 3.5tln budget deal for spending and tax plans; Biden to meet with Democrats...

Asian equity markets traded mostly lower; US equity futures were also subduedIn FX, the DXY held on to most of the CPI-induced gains following a soft 30yr auctionUS Senate Democrats reached a USD 3.5tln budget deal for spending and tax plansThe RBNZ kept its OCR unchanged but tilted more hawkish than was expected; NZD outperformedLooking ahead, highlights include UK CPI, BoC & CBRT Policy Decisions, Fed's...

European bourses and US equity futures are contained with mild outperformance in the NQ (+0.4%) vs the ES (U/C)The DXY has been grinding higher with peers mixed/flat; USTs & EGBs are little changedChinese trade data topped estimates but Customs warned of many uncertainties and instabilities in H2 due to the pandemicOPEC+ delegates believe the next ministerial meeting to discuss oil output policy won't occur until next month at the...