Newsquawk Rundown, Daily Podcast

European bourses are contained this morning, Euro Stoxx 50 -0.1%, ahead of a handful of US earnings with US futures rangeboundDXY has been pressured all morning moving ever closer to 91.00 to the benefit of major peers across the board, EUR/USD through 1.20 & USD/JPY testing 108.00US Senate Democrats are reportedly likely to settle on a corporate tax rate of 25%, according to Axios sourcesIran’s government stated that drafting the...

Asian equity markets began the week with mostly cautious gains and US equity futures marginally pulled back from record highsIn FX, DXY was in a tight range, EUR/USD traded on either side of 1.1950, GBP/USD held onto recent upside, USD/JPY was pressuredIran’s government stated that drafting the text for reviving the JCPOA can begin; discussions are said to have made further progressRussia is reportedly bolstering its warship presence in...

European bourses are firmer, Euro Stoxx 50 +0.5%, in a continuation of APAC action while US futures are essentially flatDXY is downbeat this morning to the slim benefit of peers particularly the CHF and EUR, while core debt is pressure and the US yield-curve is bear-steepeningChinese GDP and Industrial Production disappointed although still showed a double-digit percentage surge Y/Y and Retail Sales surpassed estimatesChina has reportedly...

Asian equity markets traded cautiously after the mild tailwinds from the US; Chinese markets saw a choppy sessionChinese GDP and Industrial Production disappointed although still showed a double-digit percentage surge Y/Y and Retail Sales surpassed estimatesWhite House said the infrastructure package could be passed in smaller pieces and congress will work out a path forward, according to reportsRussia's Foreign Ministry said US sanctions...

Equities are modestly firmer in Europe with US futures performing marginally better, ES +0.4%, while the Russell 2000, +0.9%, outperformsDXY has been pressured for much of the morning but as pared losses and largely unchanged now with antipodeans once again outperforming while RUB is hindered on potential US sanctionsFed's Clarida (voter) expects a similar sequencing regarding reducing bond purchases vs. hiking rates as in 2014-2015...

Asian equity markets were cautious after the choppy performance stateside; Mainland China underperformedIn FX, the DXY consolidated above 91.50 and G10 FX were largely rangeboundThe US is reportedly preparing to impose sanctions on Russia, targeting Russia's sovereign debtChina's top official in Hong Kong said any foreign power which attempts to use Hong Kong as a pawn will face countermeasuresHouthi military...

Equities are essentially unchanged following a largely range-bound EU session; ES +0.1%, Euro Stoxx 50 +0.1%The USD has been marginally softer as antipodeans outperform and other peers are flat; debt is similarly contained with long-end US pressure dissipatingKremlin says it is premature to talk in tangible terms about a potential meeting with US President Biden and Russian President Putin; Navy commencing Black Sea drills ahead of US ship arrivals,...

Asian equities traded with a mild positive bias following on from the S&P 500 and Nasdaq 100 notching fresh record highsWhite House COVID Coordinator Zients said the US has more than enough Pfizer and Moderna vaccines to maintain the current pace of vaccinationsIn FX, the DXY remains subdued beneath 92.00, EUR/USD and GBP/USD maintain 1.19 and 1.37 status respectivelyThe RBNZ kept the OCR at 0.25%, LSAP at NZD 100bln and maintained...

Equities meander in relative proximity to the unchanged mark with little conviction or fresh drivers present ahead of today's risk events; ES +0.1%, Euro Stoxx 50 +0.3%The USD is firmer but contained with peers mixed and rangebound while fixed falls with auction concession factoring and yields firmer and focused around the 5yr StatesideCrude remains underpinned given growing geopolitical tensions and the OPEC MOMR due at 13:00BST/08:00EDT...

Asian equity markets mostly shrugged off the subdued handover from Wall St peers but with gains capped ahead of this week’s risk eventsChinese March trade figures saw exports and the trade balance miss expectations whilst imports topped estimatesUS Treasury Secretary Yellen will reportedly not label China as a currency manipulator in the Treasury's FX report due on ThursdayIn FX, the DXY recouped some of yesterday's losses, EUR/USD trades...