Newsquawk Rundown, Daily Podcast

Asian equity markets mostly benefitted from the more constructive handover from Wall St where sentiment rebounded in tandem with oil pricesIn FX, the DXY remains above 100.00, EUR/USD flat, Cable sits above 1.2350The ECB announced that it will accept some junk-rated debt as collateral in a move to insulate some economies in the face of  potential credit downgradesOil prices continued to nurse recent losses in which Brent and WTI crude futures reclaimed USD 22.00/bbl and USD 15.00/bbl...

European bourses are firmer by around 1% and overall little moved from opening levels; stateside, futures show a similar patternCrude futures are currently subdued but have been choppy throughout the session with WTI alternating between positive & negative territoryUS Senate approved the new USD 480bln coronavirus relief bill as expected by unanimous consent, which the House is set to vote on this ThursdayUS Treasury Secretary Mnuchin said he think this will be last tranche of money for small...

Asian equity markets extended on losses as the subdued tone rolled over once again from Wall St where sentiment was pressured by the continued oil market routOil prices remained jittery overnight following the prior day’s losses which saw June WTI crude prices briefly slip into single digit territoryThe DXY was rangebound above the 100.00 level, EUR/USD was flat around 1.0850 and GBP/USD languished below 1.2300US Senate approved the new USD 480bln coronavirus relief bill as expected by unanimous...

Crude remains under substantial pressure, the scale of which was enough to trigger circuit breakers in the June WTI future at USD 11.79/bblEuropean bourses have extended on opening losses, following the crude complex’s decline; US futures are equally subduedEU Commission's Thursday summit will not take a final decision on financing a coronvairus recovery fund, according to Diplomats and OfficialsNorth Korea leader Kim is said to be in grave danger following surgery; however, this has received...

Asian equity markets were negative across the board following the weak handover from Wall St where sentiment was subduedIn crude markets, the soon-to-expire May WTI contract hit lows of USD -40/bbl, whilst the active June contract remained above USD 20/bblThe DXY was firmer and rose above 100.00 amid the broad risk-averse toneUS President Trump hopes to have an agreement on the small business program soon with maybe a vote in the Senate on TuesdayReports suggested that North Korean...

European bourses are subdued after spending much of the session relatively mixed/flat, e-mini S&P just below Friday’s lowsUS President Trump’s administration and Democrats in Congress were said to be near a USD 450bln economic relief package for small businessesTrump said they are getting closer to a deal with Democrats regarding stimulus and could have an answer on MondayPBoC cut the 1-year & 5-year LPR rates, as expected by 20bp and 10bp respectivelyFX sees the USD softer, and...

Asian equity markets traded mixed amid the ongoing fallout from the coronavirus pandemic and extended rout in oil pricesThe DXY is relatively flat with upside capped ahead of the 100.00 level. EUR/USD and GBP/USD remain below 1.0900 and 1.2500 respectivelyThe PBoC cut the 1-year and 5-year Loan Prime Rates by 20bps and 10bps respectively as expectedUS President Trump’s administration and Democrats in Congress were said to be near a USD...

Sentiment remains strong following APAC hours on upbeat, albeit caveated, Gilead virus updatesUS President Trump noted that experts say the curve has flattened and we have passed the peak of new cases; unveiled the 3-phase approach to re-openingGerman Health Minister Spahn said that "as of today, the outbreak has become manageable again"China's Parliament Standing Committee is to meet from April 26-29th, according to XinhuaFX sees the DXY once again eclipsing 100.00 to the upside, to the...

Sentiment was supported overnight following the announcement of reopening guidelines in the US and hopes of a vaccine breakthroughIn FX markets, the DXY softened overnight and pulled back below the 100.00 level amid the heightened risk appetiteUS President Trump noted that experts say the curve has flattened and we have passed the peak of new casesPresident Trump unveiled a 3-phase approach to re-opening the economy, while he noted that some states can reopen sooner than othersThere were...

Sentiment recovered from APAC lulls prior to European open; currently, remain modestly firmer ahead of US data delugePresident Trump added administration will be announcing new guidelines on reopening the economy on ThursdayECB President Lagarde is fully prepared to increase the size of asset purchase programmes and adjust their composition, by as much as necessary and for as long as neededDXY is firmer once again, but yet to breach the 100.00 mark to the upside with major peers subdued as...