Newsquawk Rundown, Daily Podcast

Asian equity markets traded negatively following a weak handover from Wall St where the major indices declinedHouse Speaker Pelosi said the House will vote on the USD 1.9trln stimulus bill at the end of next weekSenior Democrats discussed proposing as much as USD 3tln of additional spending on a jobs and infrastructure packageIn FX markets, the DXY hovers around 90.50, EUR/USD eyes 1.21 and GBP/USD remains on a 1.39...

European indices and US futures are softer on the session as the NQ -0.8% continues to lag and European sectors are dictated by earnings; Euro Stoxx 50 -0.3%, ES -0.4%Study on the Pfizer/BioNTech vaccine seemingly indicates that it is significantly less effective on the South African variantWTI and Brent have drifted from best levels but remain supported by the ongoing US weather situation; APIs printed a larger than expected draw last...

Asian equity markets traded indecisively as the region took its cue from a similarly uninspiring lead from the USFOMC minutes proved to be uneventful in which the account noted that the Fed is still far from its inflation and employment goalsThe DXY held firm after its brief incursion above 91.00, EUR/USD capped by 1.2050, GBP/USD stuck on a 1.38 handleItalian PM Draghi's government won a vote of confidence at the...

European indices are modestly softer while US futures are essentially flat ahead of a number of US risk events, including FOMC minutesUSTs are a touch firmer with yields flattening as such and off of yesterday's cycle highs of 1.33% in the 10-yearCrude remains bolstered amid US oil production reportedly decreasing by a third and Texas warning of fuel shortagesDXY is firmer and extending on initially contained ranges to the modest...

Asia-Pac equity markets traded mostly lower after the lacklustre handover from Wall StreetUS Treasury yields printed fresh cyclical highs with the 10yr currently circa 1.3%US President Biden said every American who wants a vaccine will receive it by the end of JulyIn FX, the DXY was choppy overnight, EUR/USD and GBP/USD remain sub-1.21 and 1.39 respectivelyWTI crude futures hovered around the USD 60/bbl level....

US futures are firmer, ES +0.4%, but off earlier highs with European equities softer, Euro Stoxx 50 -0.1%, and the reflation trade resuming; Russell 200 +0.8%, US 10yr-yield surpassing 1.25%Crude was initially firmer given refiners shutting facilities due to the US weather; however, benchmarks came under pressure as WTI dropped below USD 60/bblAPAC trade was hindered late-doors following FT reports that China is mulling curbs on rare earth metals exports targeting...

Asian equity markets traded higher across the board as markets picked up from the holiday lullSome gains for regional bourses and US equity futures were later reversed after reports that China is mulling curbs on rare earth metals exports, targeting the US defense sectorBoJ's Kuroda stated that the Bank will not end nor seek an exit from ETF purchases for the time beingIn FX, the USD remained subdued, EUR/USD was capped by 1.2150 and...

Asia-Pac equity markets began the week positively with sentiment underpinned as US equity futures extended to fresh record levelsThe UK reached its 15mln vaccination milestone while the 7-day average new infection cases in the US recently declined below 100k for the first time in more than 3 monthsIn FX, the DXY languished beneath 90.50, to the benefit of major peers, GBP/USD eyes 1.39Former ECB President Draghi was sworn in as Italy’s...

European bourses are mixed but have recovered off earlier lows with US futures directionally similar but with magnitudes more modest; ES -0.2%DXY remains elevated but shy of recent levels as EUR/USD breaches 1.2100 and USD/JPY through 105.00 where hefty expiries lieItaly 5SM members voted to support a Draghi government; potentially to be sworn in this weekendRussian Foreign Minister Lavrov says they are ready to break ties with the...

Asian equity markets were subdued in holiday-thinned trade and following a mixed lead from Wall StreetIn FX, the DXY attempted to recoup some lost ground, EUR/USD maintains 1.21 status, GBP/USD retreated below 1.38WTI crude futures retreated beneath USD 58.00/bbl and snapped an 8-day winning streak. Gold flatItaly 5SM members voted to support a Draghi governmentLooking ahead, highlights include UK GDP, Uni. of...