Newsquawk Rundown, Daily Podcast

Asian equity markets traded mixed after lacking direction from the US and ahead of upcoming key risk eventsIn FX, the DXY remained subdued beneath 90.00, EUR/USD reclaimed 1.22 and GBP/USD reached its highest level since early 2018RBA maintained rates as expected, reiterated its guidance that suggests conditions will not be met for a rate hike until 2024 at the earliestOPEC+ is not expected to discuss output beyond July and wants to wait...

Asian equity markets began the week subdued with risk appetite sapped amid holiday closures for key global marketsHeadline Chinese Manufacturing PMI slightly missed expectations whilst Non-Manufacturing topped forecastsDXY heads into the EU session around 90.00, EUR/USD trades circa 1.22 and GBP/USD eyes 1.42Key GOP Senators in infrastructure discussions with the White House suggested over the weekend that they were still looking for a...

Equities are mildly positive this morning in a contained/apprehensive move ahead of data and into month-endFX has for the most part been contained with the DXY holding 90.00 and JPY sub-110.00 with OpEx in focus but attention on the Yuan after a strong PBoC fixECB's Schnabel says a premature removal of ECB support would be a great mistake though financing conditions remain favourable; welcomed the recent yield increaseSalesforce beat on...

Asian equity markets traded mostly higher; Nikkei 225 outperformed on the back of the weaker JPYIn FX, the DXY consolidated around 90.00, USD/JPY hovered close to 110.00; and the Yuan continued to strengthenUS bipartisan bill to counter China received enough support to advance in the US SenateBoJ is reportedly to consider a 6-month extension to the September deadline for the pandemic-relief programOPEC+ is...

European bourses have been choppy but generally directionless and rangebound while US futures see a marginal negative biasDXY is oscillating the 90.00 mark with little conviction in moves either way and peers essentially unchanged across the board and similar action seen across debt thus farThe call between China's Vice Premier Liu He and USTR Tai was said to be candid and constructive, while both sides agreed to maintain communicationUS...

Asia-Pac bourses traded choppy after the mild positive bias from Wall Street wore thin as month-end loomsIn FX, the DXY consolidated at 90.00, EUR/USD failed to reclaim 1.2200, whilst USD/CNH and USD/CNY remained below 6.4000The call between China's Vice Premier Liu He and USTR Tai was said to be candid and constructive, while both sides agreed to maintain communicationUS President Biden's administration and other Democrats close to the...

European bourses are marginally pressured while US futures tread water in quiet newsflow ahead of month-end; ES +0.2%ECB's Panetta says that current conditions do not justify reducing the pace of purchases, and a discussion about phasing out PEPP is prematureAntipodeans remain the clear outperformers post-RBNZ while the USD has remained bid after EUR slipped on Panetta and JPY errs lowerRBNZ stood pat on the OCR and LSAP as expected, but...

Asia-Pac stocks were mostly positive in what was a modest improvement from the subdued performance on Wall StreetMost major US indices posted marginal losses, although the Nasdaq 100 bucked the trend amid resilience in techFed Vice Chair Clarida agreed with the FOMC minutes that there will be a time at upcoming meetings where the Fed could start to discuss taperingThe DXY remains firmly below 90.00, EUR/USD trades above 1.2250 and GBP/USD...

European bourses are contained but experiencing some slight divergence and have waned off initial best levels though the NQ remains the narrow outperformerUS Republican Senator Wicker said the GOP could support a total USD 1tln infrastructure packageReports note speculation of intervention by China state banks in USD/CNY and USD/CNH around the 6.4000 levelDXY remains depressed and sub last week's trough to the benefit of peers across the...

Asia-Pac stocks traded higher after taking the impetus from the encouraging performance in the USMajor US indices gained, led by outperformance in tech amid a decline in yields and alongside a rebound in cryptoThe DXY remained subdued beneath 90.00, EUR/USD extended on advances above 1.22 and GBP/USD above 1.4150EU leaders have agreed on a set of sanctions to be imposed on BelarusUS Republican Senator Wicker said...