Newsquawk Rundown, Daily Podcast

Asia-Pac stocks traded higher across the board; Hong Kong outperformed and US equity futures were flatIn FX, the DXY was flat above 92.00, EUR/USD traded sideways and antipodeans outperformedChinese trade data topped estimates but Customs warned of many uncertainties and instabilities in H2 due to the pandemicUS President Biden's administration is said to be mulling a digital trade deal to counter China's digital presence in...

European bourses began the session indecisive but have since dipped as broad risk sentiment slips, Euro Stoxx 50 -0.3%, ES -0.3%, RTY -0.8%The DXY remains bid to the detriment of peers with high-betas suffering on COVID-19 concerns and crumbling commodities while USTs climb ahead of US supplyECB's Lagarde said she sees a July policy change and that there will be a forward guidance review at the July meeting, while she sees possible measures for 2022 and noted that...

Asia-Pac stocks began the week on the front foot; Chinese markets conformed to the positive mood following the PBoC's surprise RRR cut on FridayIn FX, DXY was lacklustre, EUR/USD held onto its 1.1800 handle, GBP/USD stalled at 1.3900 and USD/JPY found a base at 110.00ECB's Lagarde said she sees a July policy change and that there will be a forward guidance review at the July meeting, while she sees possible measures for 2022 and noted that PEPP may be followed by...

European bourses are firmer as risk-sentiment recovers from yesterday's pressure though US futures remain mixed and comparatively more containedThe DXY is pressured at session lows with G10 peers supported across the board ex-JPY after yesterday's notable rallyCore debt has pulled-back given the broader tone with yields elevated though significantly lower on the week as focus turns to Monday's US supplyPBoC has cut the RRR by 50bps;...

Asia-Pac bourses resumed the downtrend seen across global counterparts which dragged Wall Street back from record highsThe US is to add additional Chinese entities to its economic blacklist over human rights abuses in XinjiangIn FX, the DXY remains sub-92.50, EUR/USD and GBP/USD sit on 1.18 and 1.37 handles respectivelyECB sources said policymakers failed to agree on new policy guidance; will be revisited on July...

European bourses, US equity futures and the crude complex are pressured with safe-haven assets outperforming as the tone deteriorates pre ECB events & US dataThe DXY is pressured but holding just above yesterday's trough with peers mixed and safe-haven JPY & CHF the clear outperformers; USD/JPY convincingly sub-110.00USTs and EGBs are bid and the US yield curve is bull-flattening with focus on -0.35% for the Bund yieldJapan has...

Asian equity markets were mostly subdued as tailwinds from the modest gains in the US were offset by virus concerns and lingering China-related frictionsFOMC minutes noted that the Fed has not yet seen the standard of 'substantial further progress' as having been met yetMinutes also noted that data was providing a less clear signal about underlying momentumThe ECB is set to allow for some overshoot of its new inflation goal which is...

European bourses are firmer though US futures are little changed, Euro Stoxx 50 +0.4%, ES +0.1%, amid relatively quiet newsflow pre-FOMC minutesCrude has continued to consolidate amid limited OPEC+ updates and attention turning to US base attacks in Syria and IraqUSD is off best levels and now little changed with peers mostly firmer though JPY lags after failing to convincingly surpass 110.50China has completed the release of 100k/T of...

Asian equities traded subdued with risk appetite dampened by China crackdown concerns and soft US ISM dataUS indices finished mostly in the red although growth and tech were underpinned and lifted the Nasdaq to fresh record highsIn FX, the DXY remains above 92.50, EUR/USD and GBP/USD languish on 1.18 and 1.38 handles respectivelyIn commodities, WTI crude has steadied on a USD 73.00/bbl handle, whilst spot gold lost 1,800/oz...

European bourses are mixed/lower, Euro Stoxx 50 -0.2%, in relatively quiet newsflow aside from mixed ZEW; ES U/CThe OPEC+ meeting was cancelled with no new date set. As such, current quota levels will be maintained; benchmarks are underpinned but off highsDXY has picked up notably from initial pressure going into today's US data and before tomorrow's FOMC Minutes with peers now mixedRBA kept rates unchanged and extended bond purchases at...