Newsquawk Rundown, Daily Podcast

European bourses began with modest gains that have since fizzled out to reside in negative territory amid a holiday-thinned sessionCore debt has been pressured after Bunds failed to eclipse Friday's peak convincingly with EZ Final PMIs not moving the dial but US ISM and Fed speak in focusThe EU Commission is recommending the easing of restrictions on non-essential travel to the EU, whilst addressing variants via a new "emergency brake" mechanismECB's de Guindos says the ECB can consider phasing...

Asian equity markets began the week subdued amid key market closures and a lack of fresh macro-drivers over the weekendIn FX, the DXY retained gains seen on Friday, EUR/USD and GBP/USD sit on 1.20 and 1.38 handles respectivelyECB's de Guindos says the ECB can consider phasing out emergency stimulus once the economy picks up pace and 70% of the adult population is vaccinatedIran's Deputy Foreign Minister said that a deal was nearing for a...

European bourses are rangebound with individual movers dominated by earnings; stateside, futures are modestly softerAmazon earnings beat on top and bottom lines after reporting a 44% increase in sales; +2% in pre-marketUSD is firmer but remains sub-91.00 with action largely confined to EUR & GBP into month-end with Japanese participants away on holidayChinese official Manufacturing PMI and Non-Manufacturing PMI disappointed but...

Asian stocks traded subdued after the momentum from yesterday’s intraday rebound and fresh record highs on Wall Street wanedThe APAC region was tentative at month-end and as participants digested an influx of earnings and mixed data releasesChinese official Manufacturing PMI and Non-Manufacturing PMI disappointed but remained in expansionary territoryIn FX, the DXY consolidated slightly north of 90.50, EUR/USD holds on to 1.21 and GBP/USD...

European bourses are somewhat mixed but slightly firmer overall after a heavy earnings morning in Europe while US futures are bolstered post large tech earningsApple and Facebook beat on top & bottom lines and are firmer in pre-market trade, with upside also in Qualcomm while Ford is pressuredPresident Biden unveiled his American Families plan which was in-line with earlier reports and prompted the expected Republican pushbackThe USD...

The FOMC left policy unchanged and Fed Chair Powell pushed back on early tapering expectationsAsian equity markets traded positively in reaction to the continued dovish tone from the FOMCSupport was also garnered from firm earnings amongst the tech giants including Apple, Facebook and QualcommFocus was also on President Biden’, who unveiled his American Families plan to CongressIn FX, the DXY was subdued around...

European bourses are mixed though positively biased and rangebound in an earnings-dominated morning ahead of large-cap US reports; ES +0.1%Microsoft declined and Google shares surged after-hours/pre-market with both beating on top and bottom lines in their respective earningsUS President Biden plans to ask Congress to pay for the entirety of the USD 1.8tln in new spending; speech at circa 21:00EDT tonightThe USD has been supported by...

Asian equity markets traded tentatively following the flat performance of US peers as caution lingered ahead of the FOMCMicrosoft declined and Google shares surged after-hours with both beating on top and bottom lines in their respective earningsIn FX, the DXY lingers around the 91.00 mark, EUR/USD and GBP/USD are marginally softerUS President Biden plans to ask Congress to pay for the entirety of the USD 1.8tln in new...

Equity indices have been drifting throughout the morning with European bourses slightly lower than relatively unchanged US futures ahead of large-cap earningsTesla is lower in pre-market trade despite Q1 earnings beating on top and bottom lines with the Co. profiting from its Bitcoin holdingsBoJ kept policy settings unchanged reducing inflation but increasing growth forecasts while the Riksbank reiterated its stanceThe DXY is firmer and...

Asia-Pac stocks failed to take impetus from the mostly positive close and fresh record levels statesideBoJ kept policy settings unchanged, reduced inflation forecasts for the current fiscal year and upgraded growth projectionsIn FX, the DXY remains supported and eyes 91.00 to the upside, EUR/USD and GBP/USD remain sub-1.21 and 1.39 respectivelyTesla was lower in after-hours trade despite Q1 earnings beating on top and bottom lines with...