Newsquawk Rundown, Daily Podcast

A non-committal European session thus far with bourses within ranges and modestly firmer at presentPresident Trump stated that he postponed talks with China and does not want to talk with China right nowBrexit trade discussions are reportedly set to stall again after Brussels dismissed UK demands for continued wide-ranging EU access for British truckersLowes (LOW) beat on EPS & revenue and highlights that sales momentum continues into AugustUS Oil Fund (USO) has received a Wells...

Asian equity markets sustained the mixed lead from their counterparts on Wall St where the S&P 500 and Nasdaq notched fresh record intraday highsPresident Trump stated that he postponed talks with China and does not want to talk with China right nowBrexit trade discussions are reportedly set to stall again after Brussels dismissed UK demands for continued wide-ranging EU access for British truckers, according to the FTIn FX, the DXY was granted some reprieve overnight with EUR/USD capped...

European bourses have been erring marginally higher throughout the session, with similar performance for US futures; amidst quiet newsflowDXY remains pressured and dropped briefly to a new YTD trough, as such major FX peers are largely firmer this morningSenate Republicans are planning to propose a slimmed down relief bill which is expected to include USD 10bln for the USPS and USD 300 in boosted unemployment benefits till December 27thOracle (ORCL) has reportedly joined the pursuit to purchase...

Asian equity markets traded mixed following a similar indecisive performance for stocks on Wall StOracle (ORCL) has reportedly joined the pursuit to purchase TikTok's US operationsIn FX, the DXY further retreated below 93.00, broadly providing support to its major counterpartsWhite House Chief of Staff Meadows said he has not spoken with House Speaker Pelosi in over a week regarding COVID...

European stocks are choppy amidst minimal news-flow, Spain’s IBEX underperforms; US futures modestly firmerUS President Trump issued a new order on ByteDance to divest itself of any assets used to support the TikTok app in the US within 90 days.One source suggested the US-China meeting was delayed as US wanted more time to allow China to increase US import; another referenced a conference of senior Communist Party leadersUS House Democrats are to hold a caucus-wide conference call this morning...

Asian equity markets began the week somewhat mixed following the indefinite postponement of the US-China trade agreement review talksThe US-China six-month review of the trade agreement was delayed due to scheduling issues and a new date was not yet set, according to sourcesUS President Trump increased pressure on ByteDance and is said to be looking at pressuring other Chinese companies including AlibabaIn FX, DXY was subdued around 93.00, EUR/USD breached 1.1850 and GBP/USD briefly reclaimed...

Sentiment has slipped as COVID updates and soft China data dented an otherwise quiet session as DXY and USTs see modest upsideChinese Industrial Production & Retail Sales for July both missed expectationsNew Zealand PM Arden says the Auckland restrictions are to be extended for an extra 12 days; settings will be reviewed on August 21stRBA Governor Lowe noted that the conditions for a rate increase are not likely to be met for at least 3-yearsLooking ahead, highlights include US...

Asian equity markets head into the weekend mixed as the region took its cue from the lackadaisical performance in global peersChinese Industrial Production and Retail Sales missed expectationsIn FX, the DXY has consolidated after a brief dip below 93.00, EUR/USD and GBP/USD maintain 1.1800 and 1.3050 respectivelyRBA Governor Lowe who noted the likely conditions for a rate increase will not be met for at least 3...

European bourses are softer after a mixed-APAC handover while US futures are little changed overall as newsflow remains relatively quietUSTR maintained import tariffs at 15% and 25% respectively for EU aircraft and other goods, with minor tweaks to the 25% tariff basketUS Treasury Secretary Mnuchin said Trump’s administration is willing to move ahead with legislation but Democrats have no interest in negotiating; no COVID bills scheduled in the Senate todayApple (AAPL), Ford (F), Walmart (WMT)...

Asian equity markets began mostly higher as the region took impetus from the tech-led gains on Wall StThe S&P 500 and Nasdaq moved to within close proximity of record highs, fuelled by strength across the big tech namesUS Trade Representative said the US is removing certain products from the UK and Greece from its tariff list and adding an equal amount of trade from France and GermanyAdditionally, the amount of products subject to...