Newsquawk Rundown, Daily Podcast

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...

European bourses trade mixed as earnings take focus in the absence of fresh catalysts post-PowellUS President Biden and Chinese President Xi spoke for the first time since Biden came into officeUS senior administration official said the US will examine new targeted restrictions on sensitive tech exports to China and will not act hastily to remove China tariffsEuropean Commission forecasts the EU economy to reach the pre-crisis level of...

Asia-Pac lacked firm direction as risk appetite was sapped by holiday closures for many key markets in the region and following an uninspired handover from the USFed Chair Powell reiterated recent rhetoric and highlighted the labour market is a long-way from 'strong'; emphasising that we will probably see an increase in inflation readings that won't mean muchPresident Biden and China's Xi spoke for the first time since Biden came into...

European bourses are contained with a slight positive bias while US futures post gains of circa 0.3%; earnings remain in focus but US CPI and Chair Powell dominate the schedule aheadThe session has been devoid of fresh macro drivers with mass APAC closures commencing from tomorrowChinese CPI and PPI missed estimates although still showed the first increase to producer prices in a yearThe DXY remains under pressure but saw some brief...

Asian equity indices mostly traded with cautious gains as participants digested a heavy slate of corporate earningsOvernight saw a lack of fresh macro drivers ahead of mass holiday closures beginning tomorrowChinese CPI and PPI missed estimates although still showed the first increase to producer prices in a yearIn FX, the DXY remained subdued below 90.50, EUR/USD maintains 1.21 status and GBP/USD trades on a 1.38...

European indices remain subdued (Euro Stoxx 50 -0.3%) differing somewhat from the APAC handover; energy was the initial outperformer given updates from Total and the broader crude complex, albeit this has experienced a recent pull-backDetails of the US COVID stimulus plan revealed an extension of unemployment insurance to August 29th, as well as provide USD 1,400 checks at the same income level as prior roundsHowever, payments will start shrinking when income...

Asian equities were mostly positive after the stimulus-driven momentum on Wall St. which lifted all major US indices to fresh unprecedented levelsIn FX, the DXY extended its move below 91.00, EUR/USD ventured further above 1.2000 and GBP/USD traded at its best levels since 2018Details of the US COVID stimulus plan revealed an extension of unemployment insurance to August 29th, as well as provide USD 1,400 checks at the same income level as prior...

Equity futures remain in positive-territory, ES +0.3%, but off highs after a mixed/firmer APAC handover with focus on COVID-19 developments and the reflation narrativeAccording to a study (due to be published today), the AstraZeneca COVID vaccine does not appear to offer protection against mild and moderate disease caused by the South Africa variantTreasury Secretary Yellen leaned back against concerns about stoking inflation pressures, arguing that the benefits...

Asian equity markets were mostly higher and US equity futures resumed last Friday’s advances on Wall StAccording to a study (due to be published today), the AstraZeneca COVID vaccine does not appear to offer protection against mild and moderate disease caused by the South Africa variantIn FX, the DXY held on to 91.00 status, EUR/USD and GBP/USD trade on 1.20 and 1.37 handles respectivelySenate voted to pass budget measures and fast-track...

European bourses have largely consolidated since the cash open (Euro Stoxx 50 +0.4%) with US futures posting similar gains aside from the outperforming Russell 2000 +0.4%US Senate has now formally passed the budget measures to adopt the fast-track Biden stimulus plan; VP Harris cast the tie-break voteUSD remains under pressure but is off-lows with broader peers only eeking modest gains against the BuckLooking ahead, highlights include US...