Newsquawk Rundown, Daily Podcast

Asia-Pac bourses extended on recent declines amid spillover selling from the US where tech took the brunt again and the bond rout persistedFed Chair Powell stuck to a dovish script and noted that that the current stance is appropriate which came as a disappointment for those awaiting commentary on SLR adjustments, YCC or operation twistBoJ Governor Kuroda said the BoJ will likely debate whether to expand the implicit band for the 10yr JGB yield...

European equity indices & US futures are negative with RTY the underperformer, -1.0%DXY strengthens pre-Powell to the detriment of peers who reside predominantly negativeCrude has been tempered ahead of the OPEC+ confab whilst precious metals trade lacklustreWHO said COVID infection rates have risen in Europe after six weeks of declineLooking ahead, highlights include US IJC, Challenger Layoffs & Factory...

Asian equity markets declined across the board as the region followed suit from the losses on Wall StUS tech stocks underperformed and sentiment was pressured by a resumption of rising yieldsThe DXY held on to most of yesterday's gains around 91.00, EUR/USD oscillated around 1.2150, GBP/USD remains sub-1.40Fed's Evans said he does not expect the FOMC will need to change the duration of bond purchases and views the current increase in...

European equity indices & US futures are firmer with RTY the outperformer, +1.2% & DAX cash printed record highsDXY is choppy with peers mixed at present and USD/JPY nearing 107.00 while GBP is erring higher pre-budget (12:30GMT/07:30EST)ECB sources state no need for drastic action to curb advances in yields, supressing core debt/elevating yields while UST yields bear-steepenCrude has been bolstered by OPEC+ sources around no...

An improved mood was observed in Asia as equity markets shrugged off the weak handover from Wall StreetMajor US indices declined as tech lagged again with regulatory concerns also adding to the selling pressureChinese Caixin Services PMI printed its lowest reading since April last yearIn FX, the DXY languished below 91.00, EUR/USD plateaued below 1.21 and GBP sits on a 1.39 handle ahead of the budgetOPEC+ is...

European equity indices stabilise but US futures are softer with RTY the underperformer, -0.9%The DXY has seen upside to the modest detriment of major peers, though off highs/lows respectively, while yields continue to consolidateEZ CPI was as expected whilst Germany will reportedly extend its lockdown to March 29thCrude remains underpinned ahead of OPEC+ but has drifted off lows while precious metals are somewhat...

Asian equity markets whipsawed as risk momentum gradually waned despite the region initially taking impetus from the rally on Wall StAll major US indices notched substantial gains with the S&P 500 posting its best performance in almost nine monthsThe US will examine how the Treasury, Commerce Department and USTR can work together to deter currency intervention for trade advantagesIn FX markets, the DXY extended on gains above 91.00,...

European equity indices and US futures are firmer on the session with RTY the outperformer, +2.0%DXY has seen upside & hovers around the 91.00 handle, with lower-yield peers underperforming while US 10yr yields stabiliseJohnson & Johnson's COVID-19 single-dose vaccine has received approval from US authoritiesChinese Official Manufacturing PMI and Caixin Manufacturing PMI missed expectations but remained in expansion...

Asian equities saw a recovery from Friday's losses alongside a rebound in bond markets; US 10yr yield currently ~1.40%Johnson & Johnson's COVID-19 single-dose vaccine has received approval from US authoritiesChinese Official Manufacturing PMI and Caixin Manufacturing PMI missed expectations but remained in expansion territoryIn FX markets, the DXY sits circa 90.80, EUR/USD met resistance at 1.21 and GBP/USD eyes 1.40 to the upside...

European equities pressured. US futures softer, but to a lesser extent; E-mini S&P -0.1%DXY has seen upside and resides near best levels after surmounting 90.50, to the detriment of its broader peersUS President Biden's USD 15/hr minimum wage proposal was ruled out of order for the Senate relief billUS Treasuries has already secured a foothold overnight; US 10yr yield steady below 1.5%Looking ahead,...