Newsquawk Rundown, Daily Podcast

European bourses are off lows in choppy trade but have pulled-back slightly to unchanged/mixed; stateside, futures are firmer but off highsGermany coronavirus reproduction rate surged to 2.88 on Sunday from 1.79 the day before based on a 4-day average, while the 7-day average was 2.03; albeit, caveated by RKI due to the small case numberUK PM Johnson is to unveil latest lockdown easing plan and review regarding 2-metre rule on Tuesday; separately, Chancellor Sunak...

Asian equity markets began the week cautiously as sentiment was clouded by reports of increasing COVID-19 infections rates globallyWHO reported the largest singe-day increase of global infections, US cases rose above the 7-day average and Germany’s r-value stands at 2.88The PBoC maintained its 1-year and 5-year Loan Prime Rates at 3.85% and 4.65% respectively as expectedDXY heads into the EU open softer, EUR/USD oscillates around 1.12 and...

European bourses and US futures have been choppy with spurs of volatility on quad witching but retain an underlying bidTexas coronavirus cases rose by 3516 to a total of nearly 100,000 which was the largest daily increase on record for the stateChina is reportedly planning to step up purchases of US farm goods following on from discussions.Fox News poll showed former VP Biden leading US President Trump by 50% vs. 38% (Prev. 48% vs. 40%), with the survey conducted June 13th-16thFX sees...

Asian equity markets attempted to shrug-off Wall Street’s pre-quadruple witching indecision with a slightly upbeat tone seen in the regionUS Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Stilwell said China’s attitude in Hawaii talks cannot be described as forthcomingFX markets were relatively contained overnight with the DXY consolidating just below weekly highs around 97.50Energy Intel tweeted the mood at the JMMC wasn’t very positive according to delegates;...

US futures are mixed/flat in a choppy session for sentiment thus far which has been dictated by a downbeat APAC handover and further COVID-19 updatesThe COVID-19 outbreak in Beijing is now under control, according to a Chinese CDC expert – subsequently, caveated that more cases will emerge in the coming daysChina said the two sides articulated their positions in the meeting between top diplomat Yang and US Secretary of State Pompeo in Hawaii and agreed this was constructive dialogueSNB left rates...

Asian stocks traded mostly negative following a predominantly softer handover from Wall St. where focus remains on the COVID-19 case countUS-China tensions also remained in focus as China responded to President Trump’s recent signing of the Uighur human rights legislationThe DXY was relatively flat around the 97.00 level, EUR/USD and GBP/USD were uneventful overnight around 1.1250 and 1.2550 respectivelyFormer US National Security Adviser Bolton’s book claims US President Trump asked Chinese...

European bourses have been choppy and are currently modestly firmer with US future posting similar performance at presentCrude downside seemingly led the deterioration in general risk sentiment with WTI & Brent still negative on the day; separately, DXY remains towards top-end of the day’s rangeGroup of prominent republican operatives that includes former officials from the Trump and George W. Bush administrations are launching a super PAC to turn out GOP voters for Joe Biden in November,...

Asian equity markets failed to fully sustain the positive handover from Wall St with regional bourses indecisive amid geopolitical tensions and COVID-19 fearsJapanese trade data showed a larger than expected slump in Exports Y/Y, with Japan’s US-bound exports at the fastest pace of decline since March 2009The DXY held on to the prior day’s gains around the 97.00 level with EUR/USD below 1.1300 and GBP/USD briefly below 1.2550White House is in deep discussions on new stimulus worth at least USD...

Sentiment is firmer this morning following the positive APAC lead which was bolstered by a draft US infrastructure plan; US futures are off highs, but are still over 1% firmer on the sessionUS President Trump administration is working on a draft plan for USD 1tln infrastructure proposal to stimulate the economyNorth Korea demolished the inter-Korean joint liaison office & separately, Indian soldiers have reportedly been killed after a clash with Chinese soldiersBoJ kept policy settings...

Asia-Pac bourses notched considerable gains as the region took impetus from Wall Street's recoveryOptimism in the US was spurred by the pace of infections slowing in key US states and the Fed’s decision to directly purchase corporate bondsWHO said more than 100 cases have now been confirmed in Beijing and China warned there is a very high risk of the new Beijing coronavirus cluster spreadingThe BoJ kept policy settings unchanged but noted the size of market operations and lending facilities to...