Newsquawk Rundown, Daily Podcast

• European bourses mostly softer in catch-up trade from the long weekend, US futures similar with attention on the Fed, debt ceiling & earnings
• AUD outperforms after a RBA hike and hawkish guidance, DXY picking up above 102.00 after pivoting the figure while EUR & GBP fade
• EGBs softer in corrective post-ISM trade though off lows as the ECB BLS sparked a dovish reaction
• Subsequently, the EZ Flash HICP measure saw little sustained reaction with market pricing now implying an 80% chance of 25bp in May
• Crude benchmarks choppy with underlying pressure given the above market skew, metals mixed
• US Treasury Secretary Yellen said the debt ceiling could become binding as soon as June 1st; Biden has called a congressional leaders meeting for May 9th
• Looking ahead, highlights include US Factory Orders, JOLTS, New Zealand Unemployment. Earnings from AMD & Pfizer.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• APAC stocks traded with a slight positive bias as many of the regional participants returned to the market from the long weekend.
• The RBA surprised markets with a 25bps rate increase, while the central bank's language remained hawkish with the Board expecting some further tightening of monetary policy will be needed.
• European equity futures are indicative of a mildly higher open with the Euro Stoxx 50 +0.2% after the index was unchanged Friday.
• DXY is marginally softer but holding above 102, AUD is the clear outperformer post-RBA, EUR/USD sits on a 1.09 handle.
• Looking ahead, highlights include German Retail Sales, EZ & UK Final Manufacturing PMI, EZ HICP (Flash), M3, US Factory Orders, JOLTS, New Zealand Unemployment, ECB Bank Lending Survey, Supply from Germany, Earnings from UniCredit, BP, HSBC, AMD & Pfizer.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• European sentiment pressured by Flash-Prelim. growth data while earnings remain in focus
• A dynamic that has eased somewhat since the EZ-wide figure, Euro Stoxx 50 -0.7%, with attention on upcoming US data points/earnings
• AMZN initially rose but is currently -2% in pre-market with the focus on AWS; in Europe, banking names lag amid NatWest and yield action
• DXY eclipsed 102.00 as JPY sinks as BoJ maintains ultra-easy policy and gives dovish sounding guidance
• EGBs bid given the mostly sub-consensus EZ data, though off highs, USTs moving in-tandem
• Looking ahead, highlights include German HICP Prelim., US PCE Price Index, ECI, Speech from ECB's Lagarde, Earnings from Colgate, Berkshire Hathaway.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• APAC stocks were positive after taking impetus from the rally on Wall St while the region also digested a slew of earnings, data and the BoJ.
• BoJ kept policy settings unchanged, tweaked its forward guidance which remained dovish and announced it is to conduct a policy review.
• Amazon shares initially rose by some 9% in after-hours trade post-earnings before dropping to losses of 2% with some highlighting the Co. signalling lower AWS growth.
• European equity futures are indicative of a firmer open with Euro Stoxx 50 future +0.4% after the cash market closed higher by 0.2% yesterday.
• DXY is broadly firmer vs. peers, EUR/USD maintains 1.10 status, JPY lags post-BoJ and Cable fails to hold onto a 1.25 handle.
• Looking ahead, highlights include EZ GDP Flash, German HICP Prelim., US PCE Price Index, ECI, Speech from ECB's Lagarde, Earnings from Mercedes-Benz, NatWest, Colgate, Berkshire Hathaway & Chevron.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• European bourses relatively contained but with an underlying positive skew after a deluge of earnings.
• NQ outperforms post-META (+11% pre-market) with AMZN, among others, ahead.
• DXY edges above 101.50 with antipodeans outperforming while JPY and CHF are undermined by yields.
• EGBs remain subdued but have bounced off initial lows post-supply, USTs in-fitting pre-7yr/GDP
• Crude consolidates with metals mixed overall given the contained European tone and USD upside.
• Looking ahead, highlights include US GDP & PCE Prices Advance, CBRT Policy Announcement, Speech from ECB's Panetta, Supply from the US. Earnings from Amazon, AbbVie Exxon, Mastercard, Linde, Lilly, T-Mobile, and Altria.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• APAC stocks traded mixed with most of the major indices subdued amid the banking sector headwinds in the US and as participants digested a deluge of earnings releases.
• European equity futures are indicative of a weaker open with Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.7% yesterday.
• DXY is lacking in direction, EUR/USD lingers around 1.1050, GBP/USD is back below 1.25, NZD outperforms peers.
• US House voted 217 vs 215 to narrowly pass the Republican debt ceiling bill; Biden has played down the chances of it becoming a law.
• Looking ahead, highlights include US GDP & PCE Prices Advance, CBRT Policy Announcement, ECB's Panetta, Supply from Italy & US
• Earnings from Delivery Hero, Hellofresh, STMicroelectronics, Deutsche Bank, TotalEnergies, Carlsberg, Sanofi, BASF, AstraZeneca, Unilever, LSE, Barclays, Amazon, AbbVie Exxon, Mastercard, Linde, Lilly, T-Mobile, Altria & Activision.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• European bourses are lower across the board, continuing the APAC tone with regional earnings impacting Industrial & Tech.
• Stateside, futures are mixed with pronounced NQ outperformance with GOOGL +1.1% & MSFT +7.9% in pre-market trade.
• SEK crushed after dovish 50bp Riksbank hike, DXY further below 101.50 with EUR & GBP extending while AUD lags.
• Fixed benchmarks are contained but diverging slightly with EGBs slightly firmer while USTs slip before supply.
• Crude trimmed APAC upside in choppy trade with spot gold indecisive and base metals mostly firmer.
• Looking ahead, highlights include US Durable Goods & Retail Inventories, BoC Minutes, Speech from ECB's de Guindos, Supply from the US. Earnings from Meta, Boeing, Thermo Fisher, ADP & American Tower.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• APAC stocks were mostly lower after the losses on Wall St where banking sector fears resurfaced as First Republic Bank shares fell by 50%.
• First Republic (FRC) is struggling to come up with a viable solution such as a sale of all or part of the bank, according to the FT.
• US equity futures found some reprieve overnight from big tech earnings; Alphabet +1.7% after-hours, Microsoft +8.5%.
• European equity futures are indicative of a weaker open with Euro Stoxx 50 future -0.6% after the cash market closed lower by 0.5% yesterday.
• DXY is flat on a 101 handle, EUR/USD is back below 1.10, AUD marginally lags post-inflation data.
• Looking ahead, highlights include German GfK, US Durable Goods & Retail Inventories, Riksbank Policy Announcement, BoC Minutes, Speech from ECB's de Guindos, Supply from Germany & US.
• Earnings from Deutsche Boerse, UMG, Roche, Standard Chartered, Persimmon, GSK, Smith & Nephew, Meta, Boeing, Thermo Fisher, ADP & American Tower.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• European bourses are under pressure continuing the APAC handover with drivers light ex-earnings.
• SMI outperforms following Nestle, Novartis and ABB while Banking names lag after UBS and Santander.
• Stateside, futures are lower; FRC -19.5% in pre-market as deposits miss expectation.
• DXY firmer but at the mid-point of the day's range with JPY outperforming while AUD lags once again
• Core debt is bid across the board with USTs picking up further after a 10k 5yr block trade
• Commodities choppy with Crude and Spot Gold contained/slightly softer while base metals languish.
• Looking ahead, highlights include US New Home Sales. Supply from the US. Earnings from Alphabet, McDonald's, Microsoft, Verizon & Visa.

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

• APAC stocks were mostly lower after the mixed performance in the US with the mood in the Asia-Pac region also contained amid the closures in Australia and New Zealand
• BoJ Governor Ueda said the BoJ sees it appropriate to maintain YCC and easy monetary policy
• European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.2% yesterday
• FX markets are overall contained, EUR/USD retains 1.10 status, Cable back below 1.25, AUD lags
• Highlights include US New Home Sales, Speech from BoE's Broadbent, Supply from Germany & US, Earnings from ASM, Santander, UBS, Novartis, Nestle, Alphabet, McDonald's, Microsoft, Verizon & Visa

Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk