Newsquawk Rundown, Daily Podcast

• APAC stocks were mixed as the region only partially sustained the early momentum seen following the positive handover from Wall St.
• European equity futures are contained with Eurostoxx 50 futures up 0.1% after the cash market closed up 0.6% yesterday.
• DXY is a touch firmer and on a 110 handle, EUR/USD lingers around parity, Cable is back below 1.15.
• UK PM Sunak is expected to increase pensions and benefits in line with inflation, according to The Times.
• Looking ahead, highlights include EZ Retail Sales, US Midterms, Speeches from BoE's Pill, Fed's Williams, ECB's Nagel & SNB's Jordan, Supply from Germany, US & UK (syndication).

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• Major bourses in Europe kicked off the session with mild losses across the board, but have since moved firmly into the green amid China-COVID focus
• Amidst this, the DXY has faded significantly from an initial rebound to 111.28 highs; currently, holding around 110.30 to the mixed benefit of peers
• Core counterparts have spent the morning under pressure amid the increasingly constructive risk tone; however, this has eased and USTs are now essentially unchanged.
• WTI and Brent futures have trimmed losses seen in wake of China sticking to its COVID policy over the weekend.
• AAPL has trimmed its iPhone output forecast amid cooling demand, via BBG, while Foxconn restrictions impact 14 Pro/Max assembly
• Looking ahead, highlights include speeches from BoE’s Pill, Fed’s Barkin, Mester & Collins, UK QT (medium-term).
• Click here for the Week Ahead preview.

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• APAC stocks mostly gained as investors continued to pile on the reopening bets despite China 'unswervingly' maintaining its COVID approach, while the region also shrugged off disappointing Chinese trade data
• DXY began with early gains and rose back above 111.00 amid the initial risk aversion; G10s were lower and Antipodeans underperformed
• China’s health commission spokesman said China will not waver in preventing a COVID rebound and in the dynamic clearing of cases as soon as they emerge, while it did not make adjustments to anti-COVID protocols
• Apple (AAPL) trimmed its new iPhone output forecast by 3mln units as demand cools, according to Bloomberg
• UK Chancellor is set to outline GBP 60bln in tax and spending cuts with early drafts of the autumn statement, according to The Guardian.
• Looking ahead, highlights include German Industrial Production, EZ Sentix, Speeches from ECB’s Lagarde, Panetta, BoE’s Pill, Fed’s Barkin, Mester & Collins, UK QT
• US clocks moved back 1 hour to Standard Time with the difference between London & New York back to 5 hours
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• European bourses are firmer across the board as the complex benefits from further rumours around an easing of China's COVID policy, Euro Stoxx 50 +1.4%
• Stateside, futures are firmer across the board with magnitudes a touch more contained vs Europe pre-NFP
• DXY has pulled back from overnight peaks, where it tested but failed to attain 113.00, Antipodeans & Yuan outperform
• Core fixed benchmarks are little changed overall with USTs essentially flat while Gilts lag post-Pill
• Commodities are bolstered amid the USD's pullback and on further reopening rumours re. China
• Looking ahead, highlights include US & Canadian Labour Market Reports, Speech from Fed's Collins.
• Click here for the Week Ahead preview.

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

• APAC stocks were mixed with Chinese stocks rallying on unverified reopening rumours, although the rest of the region was contained
• DXY retreated beneath the 113.00 level, EUR/USD rebounded as the dollar eased overnight, USD/JPY was choppy around 148.00
• US audit inspectors finished on-site China work ahead of schedule, according to Bloomberg
• UK Chancellor Hunt is mulling an increase in the headline rate of Capital Gains Tax, according to The Telegraph.
• Looking ahead, highlights include EZ Composite/Services PMI (Final), US & Canadian Labour Market Reports, Speeches from Fed's Collins, ECB's Lagarde & de Guindos, Earnings from Intesa Sanpaolo, SocGen & Telefonica
• Click here for the Week Ahead preview

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