Newsquawk Rundown, Daily Podcast

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...

US futures are firmer, ES +0.5%, after bouncing from overnight pressure as APAC players reacted to Friday's hawkish Fed remarks; Euro Stoxx 50 +0.4%FX has been choppy though the DXY is ultimately subdued but still holds 92.00 to the benefit of peers across the boardCore debt remains firmer though nearing the U/C mark as sentiment improves with yields now only marginally lower after dipping below 1.40% and 2.00% overnight for the 10 & 30yr...

A risk-off tone was seen overnight. Nikkei 225 lost the 28k level but Mainland China bucked the trendUS equity futures drifted lower overnight in which the NQ and YM declined under 14k and 33k respectivelyYields continued to pull back; the US 10yr and 30yr cash yields dipped below 1.40% and 2.00% respectivelyIn FX, the DXY was choppy but remained firm, EUR/USD traded sub-1.1900, JPY and Antipodeans...

European bourses are modestly pressured, Euro Stoxx 50 -0.3%, amid a relatively quiet session featuring banks & energy names as the laggards; ES -0.1%The DXY remains elevated though failed to retain 92.00 as US yields pulledback, with FX peers pressured and energy-exposed FX laggingBoJ maintained policy settings as expected and extended pandemic relief measures by six monthsNHC issued a tropical storm watch for the Mexican Coast and...

Asian equities were sluggish following the mixed lead from Wall Street where the NDX posted a fresh record highWhite House National Security Adviser Sullivan said they are considering a call between US President Biden and Chinese President XiBoJ maintained policy settings as expected and extended pandemic relief measures by six monthsIn FX, the DXY eyes 92.00 to the upside as EUR/USD and GBP/USD lost 1.19 and 1.39 status...

Equities remain subdued post-FOMC with pressure exacerbated on base-metal prices while banks are the clear outperformers; ES -0.3%, Euro Stoxx 50 -0.2%The USD remains supported surpassing/testing mid-April highs sub-92.00 with peers pressured across the board; SNB and Norges Bank were largely as expectedUS bipartisan group of around 20 Senators said they support an infrastructure investment framework without raising taxes and looks forward to developing...

Fed kept rates and QE unchanged as expected but caught markets off guard with hawkish Fed dot plotsFed raised IOER to 15bps (prev. 10bps) and hiked RRP rate to 5bps from 0bpsThe DXY surged above 91.00, EUR/USD and GBP/USD lost 1.20 and 1.40 handles respectivelyAsian equity markets traded mostly lower with risk appetite subdued in reaction to the FOMCUS President Biden warned Russian President Biden against...

Equities are contained pre-FOMC, though we have picked up a touch as US participants arrive; ES +0.1%; Euro Stoxx 50 +0.3%China said it will release national reserves of copper, aluminium and zinc and ordered state firms to curb overseas commodities exposureThe USD is lower given inflation-induced GBP strength while core debt has bounced slightly but conviction remains slimOracle is pressured in the pre-market post earnings where its EPS...

Asian equity markets were subdued following the losses on Wall St; US equity futures traded flat overnightIn FX, the DXY was rangebound, EUR/USD remained above 1.2100, Cable traded under 1.4100 and USD/JPY held onto 110.00The US is considering establishing a permanent naval task force in the Pacific region as a counter to China’s growing military strength, sources statedChina said it will release national reserves of copper, aluminium and...

European equities now see more of a mixed picture whilst US equity futures move sideways, with the ES and NQ just off ATHsIn FX, the DXY traded on either side of 90.50, GBP/USD lost 1.4100 status whilst USD/TRY extended gains above 8.5000Copper prices plumb the depths upon China's return with speculation of the release of state copper reservesEU and US have reached a deal to resolve the Boeing (BA)/ Airbus (AIR FP) dispute, whilst the UK...