Newsquawk Rundown, Daily Podcast

Asia-Pac bourses were mostly positive after taking advantage of the constructive handover from the US where tech staged a reboundThe EU is reportedly mulling legal action against the UK for its attempt to override parts of the Withdrawal AgreementThe DXY was lacklustre following the prior day’s weakness, EUR/USD trades above 1.18 on ECB day whilst GBP/USD remains sub-1.30Saudi Arabia reportedly plans to keep oil production steady despite a recent slump in prices, according to the...

Sentiment has stabilised and mounted a recovery as APAC/AstraZeneca pressure abated; Nasdaq future outperforms +2.0%AstraZeneca (AZN LN) vaccine trials with the University of Oxford have reportedly been placed on hold due to an adverse reaction in a UK participantNIH Fauci said Moderna and Pfizer/BioNTech COVID vaccine trials are expected to be enrolled by the end of SeptemberFX sees the USD firmer and GBP lagging once again ahead of the Internal Market Bill publication while CAD has pared losses...

Asian equity markets were lower across the board amid strong headwinds from Wall St where the tech rout intensified on return from the long weekendAstraZeneca’s COVID-19 vaccine trial with the University of Oxford has reportedly been placed on hold due to an adverse reaction in a UK participantSenior UK Sky News sources believe UK Chief Brexit Negotiator Frost has concluded that a deal with the EU is not achievable without fundamentally compromising UK red...

Sentiment has slipped as US participants return following a positive APAC handover; Nasdaq 100 future 2.5% lower and once again the laggardUSD benefits from the deterioration in sentiment to the detriment of all major peers with GBP feeling the brunt after yesterday’s slide following further downbeat Brexit reportsIndian and Chinese troops are in a stand-off at a location near North of Rezangla heights in Eastern Ladakh, 30-40 soldiers reportedly involved from the...

Asian equity markets traded mostly positive, following the upbeat performance in EU counterpartsGains in the region were moderated after US President Trump suggested the idea of decoupling the US economy from ChinaUK PM Johnson is to reportedly tell the EU that the Brexit deal must be rewritten in order to protect the Union, according to The TelegraphIn FX, the DXY held on to mild gains above 93.00, EUR/USD briefly slipped below 1.18 and GBP remains pressured by Brexit concernsLooking...

Asian equity markets began the week indecisively as the region reflected on Friday’s US jobs release and continued tech-related losses on Wall StMixed Chinese trade data and ongoing tensions with the US added to the cautious approachThe DXY heads into the EU open relatively flat below 93.00; GBP pressured by the latest Brexit updatesUK PM Johnson has set a trade deal deadline for October 15th and is reportedly planning new legislation that would override key aspects of the withdrawal...

Sentiment has picked up since the European cash open; Banking sector outperformsUS equity futures have mostly nursed losses, NQ remains the underperformerUS Treasury Secretary Mnuchin and House Speaker Pelosi reportedly plan to keep stimulus additions out of the funding bill to make the bill easier to passBoE's Saunders considers it likely that additional monetary easing will be appropriate to achieve a sustained return to the 2% inflation targetUS curve is bear steepening; DXY remains...

APAC stocks took the downbeat lead from Wall Street, which saw the Nasdaq shed over 5% amid the stock routWhite House Chief of Staff Meadows said they are eyeing a number of other Chinese apps regarding threatsUK Chancellor Sunak was warned that rebels in the UK Conservative Party will vote against the Autumn budget if the government proceeds with tax increasesNATO Secretary General announced Greece and Turkey have agreed to enter talks...

European stocks remain in firm positive territory, but US equity futures diverge from counterparts across the pondUS Senate Majority Leader McConnell suggested doubts on whether Congress can get an agreement of a COVID-19 relief bill when Congress returns to Washington from the recessTop ECB officials are said to be concerned of a strengthening EUR; a council member said the EUR rise will likely require the ECB to further cut inflation projections next weekWhite House is reportedly to clarify the...

APAC stock markets traded mostly higher after a firm lead from Wall Street; but gains in China fadedTop ECB officials are said to be concerned of a strengthening EUR; a council member said the EUR rise will likely require the ECB to further cut inflation projections next weekEuropean Centre for Disease Prevention and Control said COVID-19 infections in Europe are "almost back" to March levelsNIH’s Dr Fauci said based on COVID-19 vaccine...