Newsquawk Rundown, Daily Podcast

European bourses are largely unchanged, Euro Stoxx 50 +0.1%, with cyclicals outperforming (RTY +0.8%) ahead of Biden alongside European tech bolstered by TSMC earningsPresident-elect Biden’s stimulus plan could be valued at USD 2tln which would be USD 700bln greater than what Senate Democrat Leader Schumer had been calling forUSD has been erring lower after the DXY failed to breach 90.50 with antipodeans bolstered on China trade data while the EUR is capped by...

Asian equity markets traded mixed with cautious gains in the major regional bourses after the tech-rebound on Wall St. and better than expected Chinese trade dataIn FX, DXY is firmer and briefly eyed 90.50, EUR/USD sits just above 1.2150 and GBP/USD remains on a firm footing above 1.36President-elect Biden’s stimulus plan could be valued at USD 2tln which would be USD 700bln greater than what Senate Democrat Leader Schumer had been calling...

European indices have been somewhat choppy but relatively contained thus far, Euro Stoxx 50 -0.1%; with similar performance in US futures ES -0.1%US Officials have reportedly been told that JNJ is up to two-months behind its COVID-19 vaccine production schedule, NY TimesUS House voted to urge VP Pence to begin the 25th Amendment process to remove President Trump from officeUS President-elect Biden is to seek a deal with Republicans on...

Asian equity markets mostly lacked firm direction as bourses took their cue from the rangebound session in the US where tech losses were offset by cyclicalsIn FX markets, the DXY briefly slipped below 90.00, EUR/USD reclaimed 1.22 and GBP/USD eyes 1.37Several FOMC speakers pushed back on the prospect of tapering bond purchasesUS House voted to urge VP Pence to begin the 25th Amendment process to remove President Trump from...

European bourses are somewhat mixed, Euro Stoxx 50 -0.2%, in a continuation of the mixed APAC session but magnitudes are overall somewhat more modest; ES +0.2%USD is broadly unchanged in-spite of coming under pressure via GBP as the BoE Governor highlighted issues regarding NIRP, in contrast to remarks from the likes of Tenreyro yesterday; paring back implied pricing for such a policyUS President Trump's administration is set to deliver fresh guidelines today that...

Asian equity markets traded cautiously as the region struggled to break from the weak performance among global peersIn FX markets, the DXY holds on to gains around 90.50, EUR/USD hovers around 1.2150 and Cable maintains 1.35+ statusHouse Majority Leader Hoyer commented that there may very well be a vote on impeachment this WednesdayEU is reportedly working on an Airbus (AIR FP) - Boeing (BA) trade offer for the upcoming Biden...

European indices began the week on the backfoot, Euro Stoxx 50 -0.4%, following a similar APAC handover; stateside, ES -0.5%US National Security Adviser O'Brien said the US is examining additional options to respond to China regarding the virus and Hong KongSecretary of State Pompeo announced the US is to remove all self-imposed restrictions on executive branch agencies’ interactions with their counterparts from TaiwanUS House Speaker...

Asian equity markets began the week indecisively as ongoing COVID-19 concerns and US-China tensions contributed to the cautious moodSecretary of State Pompeo announced the US is to remove all self-imposed restrictions on executive branch agencies’ interactions with their counterparts from TaiwanUS National Security Adviser O'Brien said the US is examining additional options to respond to China regarding the virus and Hong KongIn FX...

European indices saw a positive start to the session, bolstered in particular by tech; but, have since pulled back to a slightly more mixed performance overall as banks slip, Euro Stoxx 50 +0.4%, ES +0.3%The USD began firmly on the front-foot aided by further upside for US yields, 10yr at 1.08%; however, the DXY has dropped back below 90.00 with the broader complex now mixedUS President-elect Biden is reportedly mulling a 'one-two' stimulus jab involving the...

Asian equity markets traded mostly positive on momentum from the fresh all-time highs on Wall St where the Nasdaq led the advancesIn FX markets, the DXY briefly tested 90.00 to the upside, weighing on EUR/USD and GBP/USDPresident Trump condemned the riots and stated that his focus was on a smooth and orderly transitionReports suggest that VP Pence is against invoking the 25th Amendment to remove President TrumpUS...