Newsquawk Rundown, Daily Podcast

European equity indices and US equity futures are firmer across the board, with the tech-heavy NQ the outperformer, +0.9%DXY has been somewhat choppy but within contained ranges for the session with major peers largely flat/mixed at presentUS President Biden proposed a USD 2trln plan with spending spread over 8 years, and noted that the corporation tax rate will increase to 28%OPEC+ will reportedly discuss options that include a rollover...

Asian equity markets traded positively amid a busy slate of data releases and US President Biden’s announcement of his two-part spending proposalMeasures include capital investment of around USD 2tln with spending spread over 8 years, while he also suggested increasing the corporate tax rate to 28%French President Macron announced new measures including a national lockdown which will take place from Saturday and last for at least one...

European equity indices are mixed whilst US equity futures are largely unchanged but with the NQ outperforming, +0.4%DXY is softer on the session to the benefit of its major peers, with GBP/USD seeing further upside but yet to breach 1.38In President Biden’s speech at 21:20BST/16:20EDT he is expected to unveil USD 2.25tln of infrastructure spending, and to comment on increasing corporate tax to 28%Chinese Manufacturing and...

Asian equity markets traded cautiously during the quarter- and fiscal year-end with sentiment not helped by the uninspiring lead from the USParticipants were tentative ahead of President Biden’s speech later today where he is to unveil USD 2.25tln of infrastructure spendingBiden is also expected to comment on increasing the corporate tax rate to 28%Chinese Manufacturing and Non-Manufacturing PMI data exceeded...

European equity indices are firmer across the board, but US equity futures are mixed with NQ the underperformer, -0.4%DXY has continued to strengthen as yields rise, residing on the 93.00 handle but off highs with JPY and EUR hindered given relative-yield effectsSaudi Arabia is reportedly ready to support an OPEC+ oil cut extension into May and June and is prepared to extend voluntary cutsWall Street banks were summoned by US regulators...

Asia-Pac stocks just about shrugged off the early indecision following the negative bias statesideMost US indices declined as sentiment was dampened amid the fallout from the USD 20bln Archegos liquidation and rising yieldsAdditionally, the White House warned that infections are increasing again and President Biden has even called on states to pause re-opening effortsIn FX, the DXY consolidated near yesterday's highs, EUR/USD was...

European equity indices have opened mixed but with a slight positive bias whilst US equity futures are negative and the RTY is the underperformer, -0.8%The Dollar has strengthened and surpassed last week’s highs; exerting further pressure on the EUR as EUR/GBP has hit YTD lows of 0.8510German Chancellor Merkel threatened the use of federal law to toughen pandemic restrictionsThe stuck tanker in the Suez Canal has reportedly been refloated...

Asia-Pac equity markets eventually traded mostly higher as the region picked up the baton from last week's late surge on Wall StIn FX, the DXY consolidated overnight, EUR/USD was rangebound beneath 1.18, GBP/USD sits on a 1.37 handleGerman Chancellor Merkel threatened the use of federal law to toughen pandemic restrictionsThe stuck tanker in the Suez Canal has reportedly been refloated with engineers partially freeing the...

European equity indices and US futures are firmer on the session with RTY the mild US outperformer, +0.9%The Dollar has been choppy to the benefit of its major counterparts, EUR/USD testing 1.18In Europe, officials suggest that Germany is beginning a third COVID wave and there are clear signals that the current wave could be worse than the firstNorth Korea confirmed that it test-fired a new tactical guided missile on Thursday without...

Asia-Pac stocks traded mostly higher following the rebound in the US where small caps atoned for the prior day's underperformanceIn FX, the DXY slightly eased off 4-month highs, EUR/USD remained sub-1.18, antipodeans outperformedWTI crude futures nursed some of the prior day's losses and reclaimed the USD 59.00/bbl levelThe US 7-year note sale went down miserably, again, but not quite as bad as February'sEuropean...