Newsquawk Rundown, Daily Podcast

European bourses are modestly firmer though there are a number of closures given Whit Monday while US futures outperform modestly in quiet tradeThe USD has been downbeat for much of the morning to the benefit of EUR in particular though the DXY did stage a short-lived resurgenceChina's NDRC reportedly held discussions with major commodity firms and pledged to have zero tolerance on commodity futures violationsUS Secretary of State Blinken...

Asia-Pac equities began the week choppy following on from last Friday’s mixed performance on Wall Street, light weekend newsflow and heading into month-endChina's NDRC reportedly held discussions with major commodity firms and pledged to have zero tolerance on commodity futures violationsDXY trades sub-90.0, EUR/USD and GBP/USD sit on 1.21 and 1.41 handles respectively, USD/JPY was capped by 109.00US Secretary of State Blinken stated...

Major bourses in Europe are mostly higher but off best levels; US equity futures trade sidewaysThe DXY has extends losses below 90.00, EUR/USD maintains 1.22 and Cable reclaimed 1.42 after PMIsUS Republicans and Democrats have privately admitted there hasn’t been much progress so far on the infrastructure billIsrael and Hamas have agreed to a cease-fire on the Gaza Strip, commencing todayGermany and France have...

Asian equity markets were mixed after failing to sustain the early momentum from the constructive mood on Wall StreetAll major US indices finished higher amid a tech-led rebound. EU equity futures head into the open slightly firmerThe DXY remains subdued beneath 90.00, EUR/USD and GBP/USD maintain 1.22 and 1.41 status respectivelyIsrael and Hamas have agreed to a cease-fire on the Gaza Strip, commencing todayUS...

European bourses trade mixed as the earlier mild optimism faded; US equity futures have been erring lowerThe White House is planning to submit its rebuttal to the Senate GOP infrastructure offer by Friday; Republicans are concerned that a deal may not be possibleIranian President Rouhani said main agreement has been reached in Vienna including the removal of major sanctions; other issues are still being discussedIn FX, the DXY has been...

Asian equity markets traded mixed with the region cautious following the mostly negative lead from the USApril FOMC Minutes gave a nod to potential taper discussions in the approaching meetingsIn FX, the DXY is relatively steady above 90.00, EUR/USD remains sub-1.22 and GBP/USD sits on a 1.41 handleWTI crude futures have stabilised around USD 63.50bbl, spot gold prices remain elevatedLooking ahead, highlights...

Stocks in Europe have continued drifting lower; US equity futures are also lower across the board with the NQ laggingGerman bund yield topped -10bps in early trade whilst US 10yr cash yield remains above 1.65%There has been progress in JCPOA talks but the sides have not yet achieved a breakthrough, according to European sourcesIn FX, the DXY rebounded but remains sub-90.00, EUR/USD holds on to 1.22 status and GBP/USD hovers around...

Asian equity markets were mostly negative, US equity futures extended on the losses seen during the prior sessionRussia's envoy to JCPOA talks said important news is likely to be released by this Wednesday, although he later backtrackedIn FX, the DXY remains sub-90.00, EUR/USD holds on to 1.22 status and GBP/USD met resistance at 1.42Biden administration was said to be encouraged by the bipartisan infrastructure...

Major bourses in Europe have drifted off best levels; US equity futures traded sideways with the NQ narrowly outperformingIn FX, the DXY lost its 90.00 handle whilst EUR/USD and GBP/USD topped 1.2200 and 1.4200 respectively and USD/JPY dipped below 109.00Bent July futures rose above USD 70/bbl for the first time since March while WTI July tested USD 67/bbl to the upsideUS Senator Capito said the Republican infrastructure proposal is on...

Asian equities traded mostly positive as the region shrugged off the negative lead from Wall StreetIn FX, the DXY remains subdued, EUR/USD extended gains above 1.2150 and GBP/USD trades at its best level in over two monthsWTI crude futures eked marginal gains to trade around the USD 66.50/bbl levelUS Senator Capito said the Republican infrastructure proposal is on track to be sent to President Biden on...