Newsquawk Rundown, Daily Podcast

European equities opened with substantial losses but have since recuperated much of the downsideBeijing reported 36 new local cases on Monday bringing the total confirmed cases to 79 – with eight out of 16 districts in Beijing reporting cases on Monday according to Global TimesBeijing shut a fruit and vegetable market and imposed lockdown restrictions on residential areas nearbyUK PM Johnson is to tell EU leaders today that Brexit talks must be concluded by autumn at the latestIn FX, DXY...

Asian equity markets traded negative and US equity futures also began the week on the backfoot in which the E-Mini S&P gapped below 3000Beijing reported 36 new local cases on Monday bringing the total confirmed cases to 79 – with eight out of 16 districts in Beijing reporting cases on Monday according to Global TimesBeijing shut a fruit and vegetable market and imposed lockdown restrictions on residential areas nearbySeveral US States...

Sentiment has recovered in quiet newsflow after yesterday’s pronounced sell-offChinese PLA officer was reportedly arrested and charged with visa fraud as he tried to leave the USUK government reportedly will formally rule out a Brexit deadline extension today and plans temporary light-touch customs checks with EU from next year, according to sourcesTwo new COVID-19 cases confirmed in Beijing as they close part of their key meat marketDXY is downbeat and towards lower-end of day’s range...

Asian equity markets suffered losses following a steep sell-off on Wall Street amid fears of a second waveUS CDC reported that COVID-19 cases rose by 20,486 vs. Prev. 17,376; NYC positive test rate 1.7% vs. Prev. 1.5%; California case rate +2.3% vs. 7-day average +2.1%Chinese PLA officer was reportedly arrested and charged with visa fraud as he tried to leave the USUK government reportedly will formally rule out a Brexit deadline...

Sentiment remains downbeat in a quiet session thus far after a negative APAC handoverDXY is subdued around the 96.00 mark weighed on by safe-havens while UST yields continue to bull-flattenChina reportedly continues to purchase US soybeans despite toughening rhetoric, least 10 cargoes purchased by state-run & private buyers in JuneSCMP article suggested that nuclear arms control could be the next battleground in US-China rivalry after...

Asian equity markets were mostly lower as the region took its cue from the underwhelming performance on Wall St where focus was on the FOMCMost major US indices finished negative with energy and financials resuming their underperformance, although tech continued to buck the trendThe Fed stood pat on rates as expected, set monthly UST purchases at USD 80bln and MBS at USD 40bln respectively, did not introduce YCC or forward guidanceThe USD saw a choppy reaction to the FOMC with the initial move in...

Sentiment has slipped in a relatively quiet session as focus turns to today’s FOMCDXY is softer but off lows while fixed has maintained a grinding bid; UST yield curve bull-flattening as suchChina's Global Times tweeted that China may restrict use of Qualcomm (QCOM) chips in government bodies and key sectors related to national securityECB is said to be drawing up a "bad bank" scheme to warehouse unpaid EUR debt from the pandemic, sourcesDutch Foreign Minister, regarding the EU Recovery...

Asian equity markets traded somewhat indecisively after the mostly negative lead from global peers amid cautiousness heading into the FOMCChina's Global Times tweeted that China may restrict use of Qualcomm (QCOM) chips in government bodies and key sectors related to national securityThe DXY was rangebound after another failed effort yesterday to snap its recent downtrend. FX markets were largely uneventful overnightWTI crude futures...

Sentiment is subdued as yesterday’s rally failed to continue into EU hours, with downside exacerbated after the cash open – e-mini S&P around 1% lowerUS yields are bull-flattening with European yields seeing similar downside, to the detriment of banking names in EuropeJPY is the morning’s outperformer with the DXY still stronger nonetheless and in proximity to the 97.00 mark; antipodeans lag on China developmentsNorth Korea will cut off communication lines with South Korea completely from...

The risk tone across the Asia-Pac region was mostly positive with the regional bourses spurred by the firm handover from Wall StThe DJIA led gains, the S&P 500 turned positive YTD and the Nasdaq printed a fresh record highThe DXY attempted to nurse some of the recent weakness although remained firmly below the 97.00 levelThe Fed eased terms of its main street lending facility to encourage more businesses to participateWTI crude futures consolidated after the prior day’s losses in...