Newsquawk Rundown, Daily Podcast

Asia-Pac stocks slumped after reacting to the sell-off on Wall St amid a global bond rout and surge in yieldsFed speakers once again provided very little pushback to the rising yield environment; US 10yr breached 1.6% yesterdayIn FX markets, the DXY remains firmer but retreated marginally alongside the pullback in the US 10yr yield back below 1.5%US Pentagon confirmed reports that the US conducted a strike on Iranian-backed militia in...

European equity indices were firmer across the board but are now a touch mixed in-fitting with US equity futures where the NQ is underperforming, -0.9%DXY has seen downside and resides at its lowest level just maintaining 89.70 to the benefit of its broader peers though JPY remains hindered given rate-differentialsUS yields remain elevated and the curve continues to steepen as the 10yr eclipsed y-day's peak with global yields seeing upside though ECB's Lane has...

Asia-Pac stocks rebounded from yesterday’s sell-off after the region took impetus from the strong performance on Wall StBank of Korea maintained the 7-Day Repo Rate at 0.50% as expected through a unanimous decisionA study tracking the use of the Pfizer/BioNTech vaccine in Israel shows that the vaccine is 94% effective in preventing symptomatic casesIn FX, the DXY lacked firm direction and traded either side of 90.00, EUR/USD extended...

European equity indices (ex-FTSE 100) and US futures are firmer on the session with RTY the outperformer, +0.7%US 10yr yields are flat on the session at 1.3680%; DXY has seen slight upside after initial downside where it lost the 90.0000 handleWTI and Brent are positive and in proximity to best levels ahead of the EIA reportUS FDA is planning to unveil its detailed analysis on Johnson & Johnson's COVID-19 vaccine later...

Asia-Pac bourses traded lacklustre following on from the mixed performance stateside where the major US indices spent most of the session clawing back early tech-led declinesHong Kong announced it will increase stamp duty for stock trading to 0.13% from 0.10%RBNZ kept the OCR at 0.25% and LSAP at NZD 100bln as expectedIn FX, the DXY maintained 90.00 status, EUR/USD oscillated around 1.2150, GBP/USD pulled back from its advance above...

Equity indices are notably pressured, Euro Stoxx 50 -1.5%, while the FTSE 100 -0.8% is the relative-outperformer and NQ, -1.7%, underperforms as tech lags; TSLA -6.0%Crude remains underpinned but has given up earlier highs given the broader deterioration while precious metals are hindered but XAU fares comparatively betterThe USD has derived support from the broader sentiment to the modest, and mixed, detriment of major peers while USTs lift slightly and yields...

Asian equity markets eventually traded mostly positive after initial choppy price action following on from the mostly negative lead via Wall StSentiment in the US was pressured amid underperformance in tech and continued increases in yieldsIn FX, the DXY continued to fade yesterday’s initial strength, EUR/USD resides above 1.2150, GBP/USD firmly on a 1.40 handleThe US House Budget Committee advanced the USD 1.9trln COVID-19 aid bill as...

European indices and US futures are seeing downside as the NQ -1.2% underperforms in-fitting with the tech sector lagging; while crude remains supportedUS yields continue to extend, 10yr overnight peak 1.3940%, the debt itself is off-lows given the broader tone though still subduedPfizer/BioNTech COVID-19 vaccine is said to be 98.9% effective at preventing COVID-19 deaths and was 89.4% effective at preventing laboratory-confirmed...

Asian equity markets began the week indecisively with weekend newsflow not providing much to spur sentiment in either directionIn FX, the DXY remains supported with the US 10yr yield reaching 1.3940% overnight. GBP/USD maintains 1.40 statusUK PM Johnson is to announce his roadmap for exiting lockdown to Parliament at 1530GMT. Press conference at 1900GMTUK Chancellor Sunak is reportedly set to hike UK corporation tax in the Budget...

European indices and US futures are supported as the RTY +0.9% outperforms with US yields firmer but off highsCrude is under pressure, but off lows, as Texas weather and potential geopolitical risk-premia begins to unwindBiden will reportedly say the US is not looking for a cold war with China but parties should work to challenge abusive practices, ahead of today's summitFlash PMIs have been broadly firmer, with UK Services and German...