Newsquawk Rundown, Daily Podcast

European bourses are mostly firmer; NQ outperforms, propped up by gains in Tech names – TSLA +10.5% pre-market, TXN +7.3%Dollar is firmer, AUD benefits from the risk tone and on hotter Aussie CPI, USD/JPY printed a high of 154.96USTs are pressured, giving back some of the PMI-induced gains; Bunds follow suit and eye YTD lowsCrude and XAU are subdued by Dollar strength, base metals remain resilientLooking ahead, US Durable Goods, Canadian Retail Sales, BoC Minutes, Comments from ECB’s Cipollone & Schnabel, Supply from the US, Earnings from Vinci, Carrefour, Boeing, Boston Scientific, Meta, Chipotle, AT&T, Thermo Fisher Scientific, IBM, Norfolk Southern & FordRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks gained as the region took impetus from the rally on Wall St where soft PMI data spurred a dovish reaction across asset classes.Tesla shares were up 13% post-earnings despite its results falling short of estimates as the Co. flagged a sooner launch of new and more affordable models.DXY holds below the 106 mark following yesterday's sell-off, EUR/USD is lingering around the 1.07 level, AUD boosted post-CPI.European equity futures indicate a higher open with the Euro Stoxx 50 future +0.4% after the cash market closed up 1.4% on Tuesday.Looking ahead, highlights include German Ifo, US Durable Goods, Canadian Retail Sales, BoC’s Minutes, Comments from ECB’s Cipollone & Schnabel, Supply from Germany & USEarnings from Vinci, Carrefour, Orange, Air Liquide, Iberdrola, Roche, Volvo Car, Boeing, Boston Scientific, Meta, Chipotle, AT&T, Thermo Fisher Scientific, IBM, Norfolk Southern & Ford.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities are entirely in the green; US equity futures trade modestly on either side of the unchanged mark.Dollar is slightly softer, EUR incrementally firmer post-EZ PMI; USD/JPY hits multi-decade highs once again.USTs initially remained in overnight ranges but succumbed to modest selling pressure following EZ PMIs.Crude is marginally firmer, underpinned by EZ PMIs; XAU continues to decline and base metals slip.Apple (AAPL) iPhone sales in China -19% in Q1 and down 24% Y/Y in the first six weeks of the year, according to Bloomberg citing Counterpoint Research.Looking ahead, US PMIs, US Richmond Fed Index, Comments from BoE’s Pill & ECB’s Nagel, Supply from the US, Earnings from Spotify, General Motors, Philip Morris, PepsiCo, RTX, Fiserv, UPS, Visa, Lockheed Martin & TeslaRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded with a mild positive bias after the tech-led rebound stateside.European equity futures indicate a higher open with the Euro Stoxx 50 future +0.5% after the cash market closed up 0.4% on Friday.DXY is holding above the 106 mark, EUR/USD lingers around 1.0650 and USD/JPY sits near its multi-year high.Crude futures edged modest gains in quiet trade, Bund futures took a breather after recently rebounding to above the 131.00 level.Looking ahead, highlights include French, EZ, UK, US PMIs, US Richmond Fed Index, Comments from BoE’s Pill & ECB’s Nagel, Supply from Germany, Italy & USEarnings from ASM, Kering, Associated British Foods, Novartis, Spotify, General Motors, Philip Morris, PepsiCo, RTX, Fiserv, UPS, Visa, Lockheed Martin & Tesla.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses trade mixed; Stateside futures are entirely in the green; US “Big 6” downgraded at UBSDollar is flat, Antipodeans benefit from positive risk appetite, whilst safe-havens are modestly sufferBonds are pressured and contained within a tight rangeCrude is subdued given the lack of geopolitical escalation over the weekend; XAU is softer and at session lowsLooking ahead, BoC's Market Participants Survey, Comments from ECB’s Lagarde, Supply from the US, Earnings from SAP, Renault, Verizon & Cleveland-CliffsRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly positive following the lack of any major geopolitical escalations over the weekend.China's benchmark Loan Prime Rates were maintained at their current levels, as expected.European equity futures indicate a higher open with the Euro Stoxx 50 future +0.4% after the cash market closed down 0.4% on Friday.DXY remains on a 106 handle, risk-sensitive antipodeans outperform, safe-havens JPY and CHF lag.Looking ahead, highlights include BoC's Market Participants Survey, Comments from ECB’s Lagarde & Villeroy, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities are entirely in the red, though well off worst levels following geopolitical events overnightIsrael conducted an operation against Iran which an Iranian official said was on a military airbase near Isfahan. However, Iran's Press TV later denied reports of a foreign attack in Iranian cities including IsfahanDollar lower and around 106.00, safe-haven status benefits CHF, whilst Antipodeans lagBonds are modestly firmer, though has pared the majority of the overnight advancesCrude soared overnight after Israel attacked an Iranian military base, though gave back gains after Iran downplayed the eventsLooking ahead, BoE’s Ramsden & Fed's Goolsbee, Earnings from SLB, American Express & PGRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were lower across the board as the initial tech-related selling stemming from Wall St was exacerbated by reports of explosions in Iran following an Israeli operation although stocks are off today's worst levels as Iran downplayed and later denied the attack.Israel conducted an operation against Iran which an Iranian official said was on a military airbase near Isfahan. However, Iran's press TV later denied reports of a foreign attack in Iranian cities including Isfahan.Iran's senior commander said the 'noise heard in Isfahan overnight was caused by air defence targeting one suspicious object', while he added 'there was no damage caused'.Sentiment overnight was “risk off”, but recovered from worst levels after Israel’s move seemed limited while Iran downplayed the event.Looking ahead, highlights include German Producer Prices, UK Retail Sales, Comments from BoE’s Ramsden & Fed's Goolsbee, Earnings from SLB, American Express & PG.Click here for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Equities mostly, but modestly firmer; TSMC beat Q1 expectations, though lower in the pre-marketDollar slightly lower, G10’s generally flat/firmer with newsflow lightBonds bid, continuing the upside seen following Wednesday’s auctionCrude is at lows, pressured by Israel/Iran reports; XAU edges higherLooking ahead, US IJC, Philly Fed, Comments from ECB’s Schnabel, Fed’s Williams, Bowman & Bostic, Earnings from EssilorLuxottica, L'Oreal, Netflix, Elevance Health & BlackstoneRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks traded mostly higher after gradually shrugging off headwinds from Wall Street. US equity futures recovered some of their recent losses as the mood in Asia gradually improved, albeit with price action contained. European equity futures indicate a flat open with the Euro Stoxx 50 future unchanged after the cash market closed down 0.1% on Wednesday. DXY was lacklustre after retreating beneath the 106.00 level,  EUR/USD sat around yesterday's best levels, and USD/JPY briefly tested 154.00 to the downside.Fed's Bowman (voter) said progress on inflation has slowed and perhaps stalled, Fed's Mester (voter) said inflation is a little higher than expected this year and they could keep rates where they are for longer if inflation isn't moving down to 2%. Looking ahead, highlights include US IJC, Philly Fed, Comments from ECB’s de Guindos & Schnabel, Fed’s Williams, Bowman & Bostic, Supply from Spain, France & US, Earnings from EssilorLuxottica, L'Oreal, Danone, EasyJet, Rentokil, Segro, Nokia, TSMC, Netflix, Elevance Health & Blackstone.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk