Newsquawk Rundown, Daily Podcast

Equities are contained in relatively narrow ranges after an uneventful APAC session; Euro Stoxx 50 -0.3% and ES U/CFX is rangebound and the USD has been either side of the U/C throughout the morning with GBP outperforming but peers broadly containedUSTs are firmer and the yield curve is bull-flattening ahead of Fed speak while EGBs are closer to the U/C markPresident Biden said he doesn’t plan to veto a bipartisan infrastructure bill if...

Asian equity markets were subdued following a light weekend in terms of macro drivers ahead of NFP on FridayUS equity futures were uneventful with the Emini S&P fading an initial extension to fresh record highsIn FX markets, the DXY remains sub-92.00, EUR/USD trades on a 1.19 handle and GBP/USD has lost 1.39 statusPresident Biden is said to have dropped his threat to veto a bipartisan infrastructure bill if it comes without a...

European equities are mixed but contained while US futures are steady as we await infrastructure updates, ES +0.1%US Senate Minority Leader McConnell has gone from optimism to pessimism on infrastructure after Biden's veto threatFX is rangebound with the USD lower and NZD outperforming post-data while GBP lags but magnitudes are minimal overallNike beat on top and bottom lines and are +14% in the pre-market while US banks are bolstered...

Asia-Pac equities picked up momentum throughout the session; Nikkei 225 climbed back above 29kUS equity futures overnight traded with a mild upside bias with the YM marginally outperformingIn FX, the DXY was contained, USD/JPY remained sub-111.00 and NZD outperformedUS Senate Minority Leader McConnell has gone from optimism to pessimism on infrastructure after Biden's veto threatA US State Department official...

Equities took impetus from Ifo beats after mixed/contained APAC trade, Euro Stoxx 50 +0.9%, ES +0.4%The USD is modestly pressured with G10 peers firmer but rangebound while core debt has stabilisedA bipartisan group of US senators has reached an accord on a framework for an infrastructure bill; some remain cautiousChina's Banking and Insurance Regulator official expects China's monthly PPI to reach 10%, adding pressure to...

Asia-Pac bourses saw a mixed and contained session; US equity futures traded with a mild upside bias overnightFX was quiet, DXY remained caged under 92.000, EUR/USD and GBP/USD traded sideways whilst USD/JPY printed a fresh YTD high at 111.11China's Banking and Insurance Regulator official expects China's monthly PPI to reach 10%, adding pressure to consumptionA bipartisan group of US senators has reached an accord on a framework for an...

Equities have slipped/stalled in proximity to all-time-highs, Euro Stoxx 50 -0.6% and ES U/C, amid quiet newsflowThe USD is subdued with peers modestly firmer ex-JPY which has dropped to fresh YTD lows surpassing 111.00EZ flash PMIs were firmer than expected though the French measures missed on expectations while the UK prints were more mixedUS and China are discussing a possible meeting between Secretary of State Blinken and Foreign...

Asia-Pac equities saw mixed trade; Hong Kong outperformed while Australia laggedUS equity futures held a mild upside bias overnight near the prior session's highsIn FX, DXY was firm, Antipodeans underperformed and the Yuan came under pressureChina said its military is ready to respond to all provocations after a US ship sailed through the Taiwanese StraitChina State Planner has sent teams to investigate commodity...

Equities drifted at the European cash open but catalysts were slim and performance has been rangebound; most recently, US futures have returned to near unchanged levelsCrude is pressured given source reports that Russia is considering proposing an increase in OPEC+ oil production at the July 1st meeting; with subsequent reports adding to thisFX has been relatively contained with the DXY firmer to the detriment of peers while core debt picks up but is in recent...

Asia-Pac equities staged a rebound from the prior day's sell-off; Nikkei outperformed and the Hang Seng laggedUS equity futures traded flat and near the prior session’s best levels; US 10yr cash yield probed 1.50% overnightFX was quiet, DXY hovers around 92, EUR/USD and GBP/USD found support at 1.1900 and 1.3900; USD/JPY drifted higher towards 110.50Fed Chair Powell's prepared testimony to Congress reiterated recent...