Newsquawk Rundown, Daily Podcast

Equities are contained with the initial modest European strength dissipating while the ES is unchanged and NQ/YM are mixedDXY is off-lows and holding 90.00 but pressured with Cable eclipsing 1.40 amid Scottish election resultsUS Colonial Pipeline shut down its entire network as prelim. reports indicate the cyber attack could have Russian links, no time-line for a restart at presentLME copper hit record highs as did Dalian iron ore futures...

Asian equities traded mostly positive as the region reacted to last Friday's disappointing US jobs data, which saw US majors hit record highsIn FX, the DXY remains below 90.50, EUR/USD holds on to 1.2150 and GBP/USD trades on a 1.40 handleThe SNP won 64 seats in the Scottish Parliamentary election, falling one short of the number required for an absolute majorityA ransomware attack forced the shutdown of the Colonial Pipeline, which is...

European bourses are firmer extending on APAC performance with miners leading the way; US futures are also firmer though closer to the unchanged mark pre-NFPThe Biden administration is likely to go ahead with former President Trump's China investment ban and Blinken is to keep the pressure up in his UN speechEUR and GBP are the outperformers with the single currency seeing upside around Kazak remarks and GBP as local election results filter...

Asian equity markets traded mostly higher following the late ramp up on Wall St. and encouraging data from ChinaGains were capped ahead of US NFP data and as increased US-China hawkish rhetoric contributed to the tentativenessThe Biden administration is likely to go ahead with former President Trump's China investment banIn FX, the DXY languished beneath 91.00, EUR/USD held on to gains above 1.2050 and GBP/USD reclaimed...

European bourses gave up opening gains but have recovered from lows to largely mixed/unchanged performance; US futures are marginally firmerChina was mixed on its return with pressure in bio stocks as the US administration is in favour of waiving IP rights, with the EU announcing a similar stanceChina NDRC announced it is to suspend indefinitely all activities under the China-Australia Strategic Economic Dialogue mechanism, citing Australia's disruption of...

A mixed picture was observed in Asia-Pac stocks as the region took its cue from the indecision statesideThe Nasdaq was dragged lower by weakness in tech and growth, although S&P 500 and DJIA remained afloatIn FX markets, the DXY was relatively contained overnight, EUR/USD oscillated around 1.20 and GBP/USD clings on to 1.39 statusBrent crude printed a fresh COVID-era high just shy of the USD 70/bbl...

European bourses are firmer at present with mining, oil and tech names the outperformers; US futures are also supported though magnitudes are more containedUS Treasury Secretary Yellen clarified her remarks stating she was not predicting or recommending a rate increaseDXY largely recovered from initial pressure, briefly surpassing yesterday's peak though it is now pivoting the unchanged mark with peers contained and rangebound ex-NZDCore...

Asian equity markets traded cautiously as the region battled to shrug off the tech-led declines in the USUS Treasury Secretary Yellen stated that interest rates will have to rise somewhat to ensure the economy does not overheatYellen later clarified that she is not predicting nor recommending a rate increaseIn FX, the DXY retraced some of yesterday's gains, EUR/USD held on to 1.20 status and GBP/USD reclaimed...

European indices began the session firmer though initial gains diminished to largely mixed/flat performance with tech underperforming post Infineon and as NQ lagsUSD outperforms with EUR/USD having tested 1.20 and Cable dropping below 1.39, though unmoved on final PMIs while NZD lags pre-dataCore debt is subdued with Bunds rangebound and Gilts playing catch-up while action is contained to the belly of the US yield curveThe RBA maintained...

Asian equity markets traded mixed following on from a mostly positive US session after sentiment was underpinned amid an easing of COVID restrictionsThe Nasdaq underperformed with tech pressured by losses in work-from-home stocksIn FX, the DXY reclaimed 91.00, dragging EUR/USD and GBP/USD below 1.2050 and 1.39 respectivelyThe RBA maintained its key rates at 0.10% and the parameters of its QE program, as...