Newsquawk Rundown, Daily Podcast

Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levelsThe Nasdaq was bolstered by continued strength in large tech including firm gains in Intel which announced its results prior to the closing bellUS Treasury Secretary nominee Yellen said the US has a full array of tools to counter China's practicesIn FX markets, the DXY remained subdued, EUR/USD held on to yesterday's gains...

Indices are firmer this morning with European tech the outperformer following yesterday's Nasdaq performance; currently, ES +0.1% & NQ +0.4%BoJ, Norges Bank & CBRT left policy parameters unchanged with the ECB ahead; the EUR is currently firmer bolstered alongside peers as the USD remains pressured across the boardRepublican Senator Graham commented that the USD 15/hour minimum wage will not be included in the stimulus planLooking...

Asia-Pac bourses took impetus from the gains on Wall Street where stocks rallied to all-time highs and the Nasdaq outperformedBoJ kept policy settings unchanged as expected whilst reiterating that it will not hesitate to act further if neededIn FX, the DXY was subdued beneath 90.50, EUR/USD reclaimed 1.21 and GBP/USD eyes 1.37 againUS Republican Senator Romney said he is not looking for new stimulus in the immediate...

European indices and US futures are firmer this morning, Euro Stoxx 50 +0.6% & ES +0.4%, but with the Nasdaq +0.8% leading the way after updates from Netflix and European tech giant ASMLUS President-elect Biden's incoming Secretary of State Blinken said President Trump was right in taking a tougher stance on China but disagrees with the way he did itECB is reportedly to pursue a strategy of yield spread control with the purpose of limiting the spreads between...

Asian equity markets were mostly positive as the region partially sustained the momentum from the tech-led gains on Wall StUS President-elect Biden's incoming Secretary of State Blinken said President Trump was right in taking a tougher stance on China but disagrees with the way he did itECB is reportedly to pursue a strategy of yield spread control with the purpose of limiting the spreads between strongest and weakest EU economiesItalian...

Indices are firmer this morning with the gains more pronounced stateside vs Europe, Euro Stoxx 50 +0.2%, ES +0.8%, while the RTY outperforms +1.3% ahead of Yellen's hearingTreasury Secretary nominee Yellen is expected to call for big action to spur a recoveryGerman Chancellor Merkel is reportedly looking to extend the German lockdown to February 15thItalian PM Conte won a vital confidence vote in the House while he faces a more difficult...

Asian equity markets mostly rallied with risk appetite spurred as trade picked up from Monday’s holiday lullItalian PM Conte won a vital confidence vote in the Chamber of Deputies and now faces a more difficult test at the Senate on TuesdayThe DXY retreated further away from its recent failed attempt to surmount 91.00, EUR/USD eyes 1.21, GBP/USD reclaimed 1.36Treasury Secretary nominee Yellen is expected to call for big action to spur a...

Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocksChinese GDP Q/Q disappointed, Y/Y growth beat, while Industrial Production also exceeded expectations but was offset by softer Retail SalesIn FX, the DXY saw choppy price action overnight, EUR/USD trades sub-1.21, GBP/USD sits below 1.36UK Chancellor Sunak is reportedly planning to start increasing taxes...

Sentiment has continued to slip after a tentative APAC session, Euro Stoxx 50 -0.6%, ES -0.5%, after Biden's largely as expected rescue plan announcementPresident-elect Biden unveiled his USD 1.9tln rescue plan which included a boost in stimulus payments to USD 2,000Biden will announce his recovery plan in February and cautioned that everyone will need to pay their fair share of taxesUSTs are firmer this morning with 10yr yield at 1.11%...

Asian equity markets were subdued after failing to shrug-off the weak lead from the US where major indices were dragged lowerPresident-elect Biden unveiled his USD 1.9tln rescue plan which included a boost in stimulus payments to USD 2,000Biden will announce his recovery plan in February and cautioned that everyone will need to pay their fair share of taxesFed Chair Powell suggested the time to raise rates is not going to be anytime soon...