Newsquawk Rundown, Daily Podcast

Indices are somewhat mixed, Euro Stoxx 50 U/C and ES +0.2%, as the modestly pro-cyclical start to the European session fizzled outDXY has seen a marked recovery from the session low, with the index in proximity to 90.00 at best; with the US 10yr yield at 1.03%, though USTs themselves are relatively unchangedThe US Congress has certified the 270 electoral college votes required for President-elect Biden to secure the PresidencyUS President...

Asia-Pac bourses traded mostly higher as the region reacted to the gains on Wall St (ex-Nasdaq) post-Georgia electionUS Congress paused the election certification for several hours and Capitol Hill staff were told to evacuate amid chaos after pro-Trump protestors broke through barriers and sieged the CapitolFOMC minutes were uneventful and did not suggest any imminent changes in asset purchasesIn FX markets, the DXY heads into the EU open...

Desks have called Warnock (D) as the winner against incumbent Loeffler (R); while Ossoff (D) currently leads against Perdue (R) - but, thus far most major outlets have not called this raceGiven the seeming result of Democrats controlling the Presidency, House & Senate the fiscally driven reflation narrative has resumed; RTY +2.4%, NQ -2.2%, US 10yr yield 1.03%, DXY at lows of 89.22US President Trump signed an executive order banning transactions with 8 Chinese...

In Georgia, Democrat Warnock leads Republican incumbent Loeffler at 50.4% vs 49.6% and Democrat Candidate Ossoff is in a virtual tie with Republican incumbent Perdue at 50% vs 50% with around 97% of votes counted in both racesUS equity index futures head into the EU open softer, albeit the magnitude of price action is limited amid the close nature of the Georgia Senate races. US 10yr yield breached 1% to the upsideIn FX markets, the DXY remains below 89.50,...

Equity performance has been choppy but contained, Euro Stoxx 50 -0.1%, ES +0.2%, as participants weigh further COVID developments ahead of key risk events this weekNYSE announced that it is no longer planning to delist Chinese telecom firmsOPEC document shows that one scenario developed by OPEC+ include an output reduction of 500k BPD in Feb; meeting to continue today from ~09:30EST/14:30GMTDXY remains pressured with the broader FX space...

Asian equity markets traded cautiously following on from the uninspiring performance on Wall St where major indices declined from record levelsNYSE announced that it is no longer planning to delist Chinese telecom firmsUK PM Johnson announced a national lockdown in England, as expected from Tuesday until mid-FebruaryThe DXY consolidated beneath 90.00 after yesterday’s fluctuations, EUR/USD sits above 1.2250 and GBP/USD remained subdued...

European indices are bolstered this morning following a largely firmer APAC handover, Euro Stoxx 50 +0.9%, ES +0.5%, with focus on the week's impending risk eventsUS President Trump was recorded on audio tape to have pressured the Georgia Secretary of State to find enough votes to overturn the result of the Georgia presidential electionChinese Caixin Manufacturing PMI fell short of estimates but still printed an 8th consecutive month in expansionary...

Asian equity markets began 2021 mostly higher while US equity futures traded indecisively after stalling at record levelsChinese Caixin Manufacturing PMI fell short of estimates but still printed an 8th consecutive month in expansionary territoryUK PM Johnson has warned that tougher lockdown restrictions might have to be considered; UK begins rollout of the AstraZeneca vaccine todayIn FX, the DXY initially softened in a continuation of...

Equity price action is contained and somewhat directionless amid the lack of newsflow as we await Brexit/fiscal updates; ES +0.2%, FTSE 100 -0.1%UK PM Johnson and European Commission President von der Leyen expected to hold a call today followed by a press-conferenceGBP continues to grind higher ahead of this call and press-conference as negotiators discuss the final aspects of the deal; GBP/USD has eclipsed 1.3600 while DXY remains in proximity to lows of...

APAC stocks traded mostly higher following a similar lead from Wall Street; Mainland China laggedUK PM Johnson is expected to make the Brexit deal announcement at around 08:00GMT/03:00ESTUS GOP Leader McCarthy will object to measure on USD 2,000 checks; House may try to advance an interim spending bill on MondayChina is to probe the Alibaba over suspected monopoly; shares fell almost 10%In FX, DXY was softer,...