Newsquawk Rundown, Daily Podcast

Asian equity markets traded mostly higher as the region took impetus from the strong finish on Wall St where all major indices finished higher by at least 7%A subdued greenback provided some respite for its major counterparts including EUR/USD which reclaimed the 1.0800 handleOPEC+ is likely to agree to oil production cuts on Thursday, subject to US involvement, according to sourcesUK PM Johnson was taken to intensive care after his condition was said to have worsenedUS President Trump...

Sentiment is bolstered on a slowing of coronavirus cases over the weekend in some areasOPEC+ meeting was delayed a few days and will now be conducted on Thursday instead of the initially planned MondayKremlin states this is for technical reasons, are ready to co-operate to ensure market stabilityJapanese PM Abe plans to announce a JPY 108tln stimulus package; wants to declare a state of emergency as soon as tomorrowUK PM Johnson was taken to hospital for tests due to the coronavirus...

Asian equity markets traded mostly positive and US equity futures also began the week on the front-foot amid a slowdown in COVID-19-related deaths in some areasItaly showed its smallest daily increase in deaths since March 19th and slowest pace of increase in cases in 5 daysUK PM Johnson was taken to hospital for tests due to the coronavirus which Downing Street stated was a precautionary stepIn FX markets, the DXY was relatively stable north of the 100.50 level after last week’s momentum...

US futures are lower this morning, but have remained relatively steady at such levels; while focus remains on the improving prospects for crudeOPEC+ are reportedly preparing for a Monday meeting; cuts in the range of 6-15mln BPD have been toutedReports note that Russia’s involvement in this is contingent on US cutting production; which Trump has previously stated has not been agreed toPBoC lowers the RRR for some banks by 1ppt; could release around CNY 400bln in funds and will be implemented in...

Asian equity markets were mostly lower as the region failed to sustain the energy-led euphoria from Wall StIn FX markets, price action was uneventful ahead of the key US jobs data with the DXY plateauing above the 100.00 levelOil prices continued to pullback after several reports pushed back on an imminent deal between global oil producersSaudi Arabia reportedly wants other producers such as the US, Canada, Mexico and others in G20 to take part in any cutsLooking ahead, highlights...

European bourses are currently printing modest gains but US futures are notably firmer than their EU counterpartCrude is bolstered after constructive remarks from Trump and reports that China are to begin purchasing oil for state reserves after the recent price crashFed exempted US Treasury debt and Federal Reserve deposits from supplementary leverage ratio for one year as it seeks to ease strains in Treasury marketEU Commission proposes borrowing EUR 100bln against EU government guarantees to...

Asian equity markets traded mixed after a weak handover from Wall St where stocks finished the day with losses of more than 4%DXY relatively steady overnight with the greenback’s major counterparts contained ahead of weekly jobs figures from the USUS President Trump is to meet with the CEOs of US oil companies on Friday to talk about helping the industryFed exempted US Treasury debt and Federal Reserve deposits from supplementary leverage ratio for one year as it seeks to ease strains in Treasury...

Sentiment is subdued this morning as the absence of month-end factors has seen focus return to the virusWhite House issued 30-day social distancing guidelines and President Trump commented that following social distancing guidelines for the next 30 days is a matter of life and deathSpanish coronavirus cases stand at 102,135 (Prev. 94,417); deaths increase by 864 to 9053 (Prev. 8189)Russia is not planning to boost oil output amid oversupply, sources state, Russia is not holding talks with Saudi;...

Asian equity markets traded mixed with sentiment cautious after Wall St wrapped up the worst quarterly performance in the S&P 500 since 2008In FX markets, the prior day’s retreat in the DXY was stemmed after finding support around the 99.00 levelOPEC members failed to unanimously agree on an emergency meeting of its economic commission board according to source reportsUS President Trump is to suspend certain tariffs payments for 90-days on imports such as apparel and light...

Sentiment has generally been upbeat, but US futures are deteriorating as US players enter the marketChinese Manufacturing and Non-Manufacturing PMI topped estimates and the Composite PMI also printed in expansion territorySome downplayed the data given that it was a recovery from the prior month’s record low base and with China’s stats bureau warning the rebound does not mean the economy has returned to normalWHO official said coronavirus epidemic is far from over in Asia and the focus of the...