Newsquawk Rundown, Daily Podcast

Major bourses in Europe trade with little conviction whilst US equity futures remain contained with a downside biasChinese industrial production printed inline with estimates and retail sales disappointed but still showed respectable growthChina will extend tariff exemption for some US imported products from May 19th, according to the Finance MinistryIn FX markets, DXY remains soft under Friday's lows; EUR/USD reclaimed 1.2150, GBP/USD...

Asian equities traded somewhat mixed and only partially benefitted from last Friday’s rebound on Wall St.Chinese industrial production printed inline with estimates and retail sales disappointed but still showed respectable growthIn FX markets, the DXY heads into the European open firmer, EUR/USD pulled back from 1.2150 and GBP/USD sits on a 1.40 handleWTI crude futures were uneventful overnight, whilst gold prices remained firm above USD...

European bourses are firmer following the positive APAC performance with US futures following suit ahead of data, ES +0.6%USTs have been climbing all morning recovering recently lost ground with yields suppressed and the USD downbeat as such to the modest benefit of peersPresident Biden told Republicans that he wants to see real progress on a possible bipartisan deal by Memorial DayIsraeli PM Netanyahu is reportedly showing signs of...

Asia-Pac stocks were mostly higher as the region took impetus from the firm performance in the USMajor US indices recovered from the recent inflation-triggered sell-off and snapped a 3-day losing streakIn FX, the DXY traded within a narrow range overnight, EUR/USD remains sub-1.21 and GBP/USD sits on a 1.40 handlePresident Biden told Republicans that he wants to see real progress on a possible bipartisan deal by Memorial...

European bourses are pressured following overnight losses though US futures are comparatively less pressured; Euro Stoxx 50 -1.5%, ES -0.3%DXY remains bid at fresh session highs but still sub-91.00 with peers modestly pressured overall as GBP and Antipodeans lagUSTs have been oscillating the U/C mark for much of the morning though the 10yr yield retains 1.70% with EGB action more pronounced and yields extending to key levelsColonial...

Asian equity markets were pressured following on from the losses in the US post-CPIThe S&P 500 and DJIA posted their worst 3-day performance in over 6 monthsUSD held on to most of yesterday's gains, EUR/USD is subdued beneath 1.21 and GBP/USD remains on a 1.40 handleColonial Pipeline has announced that it is to restart operations; could take several days for operations to return to normalThe Bipartisan Policy...

European equities are firmer and earnings focused but US futures are softer and tentative overall going into US CPIUSD is modestly firmer but contained with peers only marginally weaker ex-antipodeans and GBP unreactive to the latest EU-UK updatesCore debt has consolidated somewhat going into CPI and Fed speak after which the 10yr outing will draw attention particularly if concession begins exerting influence once moreTop Republican...

Asian equity markets were subdued following the lacklustre performance in the US where the DJIA suffered its worst day in over two monthsLosses in the Nasdaq were only marginal after the tech sector spent most of the session nursing its recent underperformanceIn FX, the DXY is firmer, EUR/USD retreated further below 1.2150 and GBP/USD maintains 1.41 statusWTI crude futures were flat after finding support at the USD 65.00/bbl level. Focus...

Equities are depressed across the board in a continuation of the US & APAC spillover with tech among the underperformers as inflationary concerns remain at the forefrontUS Senate Republicans reportedly signalled that they could increase the infrastructure counterproposal to President Biden, PoliticoChinese CPI printed below forecast while PPI rose at its fastest pace since 2017DXY is off lows but remains pressured in-spite of yields...

Asia-Pac bourses traded with firm losses amid spillover selling from the tech-led declines on Wall StAll major US indices were dragged into the red with underperformance in the Nasdaq as tech names sold offChinese CPI printed below forecast while PPI rose at its fastest pace since 2017The DXY heads into the European session relatively flat, EUR/USD rests just below 1.2150 and GBP/USD maintains 1.41 statusUS...