Newsquawk Rundown, Daily Podcast

Asian equity markets lacked direction following a similar indecisive performance on Wall StreetIn FX, the DXY holds on to 90.00, EUR/USD remains sub-1.22 and GBP/USD retreats furtherReports suggest that the UK's June 21st reopening plans could be delayed by two weeksUS Republican Senator Capito was said to not sound too optimistic about talks with President Biden ahead of today’s meetingLooking ahead, highlights...

European bourses are contained in tentative and quiet trade during ECB & Fed blackout periods while US futures are faring marginally worse; ES -0.2%The DXY is essentially unchanged with peers somewhat mixed while core debt errs lower and yields are raised but still sub pre-NFP levelsPresident Biden rejected the Republican infrastructure proposal although still plans to meet with Republican Senator Capito todayTreasury Secretary Yellen...

Asian equities traded cautiously as the initial tailwinds from last week’s US jobs report eventually faded amid softer than expected Chinese trade dataIn FX, the DXY remains above 90.00, EUR/USD consolidated above 1.2150 and GBP/USD pulled further away from 1.42President Biden rejected the Republican infrastructure proposal although still plans to meet with Republican Senator Capito todayTreasury Secretary Yellen suggested that a slightly...

European bourses exhibit indecisive and lacklustre trade; US equity futures are also uneventfulDXY has waned off best levels but remains above 90.50, EUR/USD holds on to 1.21 status and GBP/USD reclaimed 1.4100EU regulators have opened a probe into Facebook (FB) marketplace; Facebook -1% pre-marketLooking ahead, highlights include US and Canadian Jobs Reports, US Factory Orders, Fed’s Powell, ECB’s Lagarde, Villeroy, PBoC’s Yi...

Asian equity markets traded cautiously following the tech-led declines in the US and with sentiment constrained by US-China tensionsRBI kept rates unchanged as expected but eventually announced further QE purchasesDXY remains firm above 90.50, EUR/USD holds on to 1.21 status and GBP/USD trades sub-1.41Fed's Williams suggested it makes sense for the Fed to be thinking through options it has in the future but doesn't think it is currently...

European equities and US equity futures trade lower following a mixed APAC leadIn FX, the DXY probes 90.00 after briefly topping the level, EUR/USD and GBP/USD trade on either side of 1.2200 and 1.4200 respectivelyRussian National Wealth Fund is to exit USD assets with the new structure expected to come into force within a monthUS Senate Republicans and the White House are said to remain hundreds of billions of dollars apart on the...

Asian equity markets eventually traded mostly positive as the region gradually broke free from the mundane tone from Wall StreetPresident Biden is to amend former President Trump's China blacklist to target key industriesFed announced plans to offload its corporate bond and ETF holdings that were purchased last yearIn FX, the DXY remains sub-90.00, EUR/USD hovers around 1.22 and GBP/USD sits just above...

European bourses remain caged amid a lack of catalysts; US equity futures are similarly flatDXY reclaimed 90.00, EUR/USD lost 1.22 status and GBP/USD sits sub-1.4150Brent crude futures reclaimed USD 71/bbl whilst Iranian nuclear parties talks are adjourned for at least a weekLooking ahead, highlights include US Private Inventories, ECB’s Lagarde, Weidmann, Fed’s Harker, Evans, Bostic, Kaplan, KashkariCORONAVIRUS...

Asian equity markets traded mixed following a similar indecisive performance in the US where the mood was tentativeDXY remains below 90.0, EUR/USD maintains 1.22 status and GBP/USD sits sub-1.42Brent crude futures settled above USD 70/bbl yesterday for the first time since May 2019Looking ahead, highlights include German Retail Sales, US Private Inventories, RBA’s Debelle, Bullock, ECB’s Elderson, Lagarde, Fed’s Harker, Evans, Bostic,...

European equities opened on a firmer footing and extended gains; US equity futures also see broad-based gains but to a lesser extentIn FX, the DXY remained subdued beneath 90.00, EUR/USD reclaimed 1.22 and GBP/USD reached its highest level since early 2018 before losing 1.4200 statusUS President Biden will meet with Sen. Capito on Wednesday; Senate Republicans have downplayed chances of an infrastructure deal this weekThe RBA maintained...