Newsquawk Rundown, Daily Podcast

Asian equity markets mostly took impetus from the gains on Wall Street where the S&P 500 and the DJIA notched fresh record highs, Nasdaq outperformedUS President Biden signed the USD 1.9tln COVID-19 relief bill, as expected. Direct deposits could be received by US citizens this weekendUS State Department spokesman said the US will not pull any punches in areas of disagreement with ChinaThe DXY recouped some of yesterday’s losses after...

European bourses are somewhat mixed after dipping post-open while US futures are firmer with the NQ +1.8% outperformingFX features a subdued USD to the benefit of major peers while UST 10yr yields dip below 1.50% but EZ counterparts are now largely unchanged retracing earlier actionDanish Health Authority has temporarily halted the use of the AstraZeneca (AZN LN) COVID-19 vaccine due to serious cases of blood clotsLooking ahead,...

Asia-Pac bourses traded mostly positive as the region built upon the somewhat mixed performance statesideThe DJIA posted fresh record highs whilst tech suffered from a continued rotation into valueECB draft forecasts assume only a fleeting jump in inflation and that savings will not fuel a spending boom, according to sourcesThe House passed the USD 1.9tln COVID-19 relief bill as expected; President Biden is set to sign it on...

Indices are mixed but largely contained on the session with US futures mixed and somewhat pressured ahead of US' arrival and as yields err higher with focus on CPI later; ES -0.1%DXY briefly dipped below 92.00 but has since regained the figure with peers a touch softer but rangeboundThe USD 1.9tln relief bill passed the procedural hurdle in the House which paves the way for a 2-hour debate and final vote on Wednesday morningChinese...

Asia-Pac markets traded with a slight positive bias following on from the gains on Wall Street where stocks were led higher by an aggressive resurgence in techThe Nasdaq 100 surged higher by over 4% for its largest gain since November with advances also facilitated by an easing of yieldsChinese inflation data was firmer than expected but still showed CPI Y/Y in negative territory at -0.2% vs. exp. -0.4%In FX, the DXY sits on a 92.00...

European indices are firmer across the board, Euro Stoxx 50 +0.5%, though US futures outperform with the Nasdaq +2.4% recuperating some of yesterday's lossesAPAC markets were mixed with China pressured but derived short-lived support from reports that state funds were said to purchase domestic equities after a worsening of the plungeThe OECD upgraded their 2021 & 2022 global GDP view vs the December releaseUS President Biden is...

Asian equity markets traded choppy following the mixed lead from Wall St where the DJIA outperformed to post a fresh record highThe Nasdaq 100 slumped by nearly 3% amid a heavy rotation out of tech and into valueIn FX, the DXY maintained a footing above 92.00, EUR/USD sits above 1.1850 and GBP/USD maintains 1.38 statusOil prices nursed losses overnight with WTI back above USD 65.00/bblLooking ahead, highlights...

European indices are firmer, Euro Stoxx 50 +0.9%, while US futures remain hindered amid tech underperformance, ES -0.6% & NQ -1.5%Brent surpassed the USD 70/bbl mark (high USD 71.38/bbl) following a Houthi attack on a Saudi oil yard, though the benchmarks have retraced this and are now negativeThe USD remains underpinned as yields climb and the curve continues to steepen, to the detriment of peers ex-GBP benefitting from EUR/GBP...

Asian equity markets eventually traded mostly lower as underperformance in tech sapped the early momentum from stimulus progressThe US Senate passed the USD 1.9tln COVID-19 relief bill. The House is set to vote on the bill on TuesdayChinese trade data showed February YTD exports surged by 60.6% Y/Y amid soft base effects from last yearIn FX markets, the DXY briefly reclaimed 92.00, EUR/USD found a floor at 1.19, GBP/USD remains on a 1.38...

European equity indices have been somewhat choppy within ranges printing a slightly mixed performance while US futures are contained but erring higherDXY strengthens post-Powell to the detriment of peers though yields are steady but at comparatively elevated levels pre-NFPCrude surges after the OPEC+ confab aided by forecast upgrades from a number of banksChina targets ’21 GDP growth of above 6% with CPI target ̴ 3% & budget deficit...