Newsquawk Rundown, Daily Podcast

Mass sell-off continues, with all bourses firmly in negative territory and the DJIA future breaching the 25k markSpot gold has failed to benefit from the continued sell-off, while JPY has been the clear beneficiary of haven flowsWHO Spokesman says the coronavirus outbreak is 'getting bigger' the scenario of it reaching multiple, 'if not all countries' is something that we have warned about for a whileSaudi Arabia is reportedly seeking a cut of 1mln BPD, according to sources cited by the FT, Saudi...

Asian stocks traded lower across the board following the bloodbath on Wall Street; Nikkei 225 and Hang Seng fell deeper into correction territorySouth Korea reported 256 more cases of new coronavirus thus far, with the total topping 2000; New Zealand, Lithuania, Nigeria and Belarus also reported their first casesSaudi Arabia is reportedly seeking an output cut of 1mln BPD, according to sources, deeper than the 600k BPD proposed by the...

Sentiment remains affixed to the coronavirus, with European bourses down and US equity futures currently posting losses of 1%South Korea reported over 500 more cases of new coronavirus thus far, taking the total to 1766; with increases in multiple countriesItalian coronavirus cases may be inflated due to testing errors, WHO Official; did coincide with a mild uptick in sentimentMicrosoft have cut their Q3 personal computing guidance and supply chain normalisation due to the coronavirusGBP...

Asian equity markets traded mostly lower following a mixed Wall Street handover, US equity and DAX futures trade with heavy losses heading into the European openUS President Trump said we are ready to adapt and do whatever to tackle the virus outbreak, VP Pence was put in charge of the virus task forceFirst US coronavirus case of unknown origin confirmed in North California; CDC said it could be the first instance of “community spread”Microsoft (MSFT) became the latest company to cut guidance due...

European bourses are negative at present, but well-off session lows which saw Dax March’20 future drop 400 points at worstWTI and Brent tested USD 49/bbl and USD 54/bbl on the EU morning sell-off; though selling has stabilised somewhat ahead of the US’ entranceFirst coronavirus related deaths have been reported in France, as well as the first cases in Poland, Greece and BrazilEU's Chief Trade Negotiator Hogan said he hopes to broker with the US a "mini-deal" before US increases tariffs on the...

Asian equities traded mostly lower after another bleak session on Wall Street, ASX 200 lagged and Mainland China outperformedSouth Korea reported 169 more cases of new coronavirus thus far; total number of cases topped 1000Source reports noted of some discussions in the White House about whether to declare a national emergency; San Francisco Mayor has declared a state of emergencyHong Kong government unveiled measures worth HKD 120bln in...

Sentiment remains subdued after a brief reprieve was insufficient to flip the narrative away from risk-offSouth Korea total cases now at 977 and a 10th coronavirus-related death reported; cases in Italy have increased as well as cases now being reported in SpainWHO spokesman says they do not have plans for a 'big announcement', many countries have pandemic plans ready and some may act depending on their situationUS Trump Administration is sending Congress a budget request for USD 2.5bln to tackle...

Asian stocks traded mixed following a detrimental session on Wall Street; KOSPI outperformed, Nikkei 225 fell 4.5% on its return from its extended weekendSouth Korea reported 60 more cases of new coronavirus thus far, total at 893 and death toll at 9; the country is to draft supplementary budget as soon as possibleUS Trump Administration is sending Congress a budget request for USD 2.5bln to tackle the virus outbreak, House Speaker Pelosi deemed it inadequateFX markets were quiet with DXY softer,...

Mass FTQ as the coronavirus spreads substantially into Italy, South Korea and IranItaly reported that the total number of cases rose to 152, with a fifth confirmed deathSouth Korea reported over 200 new case which brings the current total to 833, with seven deaths also confirmed as of February 23China has postponed its parliamentary annual meeting, according to CCTVEuropean bourses, and US futures are firmly into negative territory with Italian assets amongst those worst hitUSD...

Major Asian indices traded lower across the board amid cases spikes outside China; KOSPI lagged, Shenzhen outperformed; Japan was closed – US equity, DAX and Eurostoxx 50 futures opened with steep lossesIn FX, DXY traded on either side of 99.500, Antipodeans were pressured, EUR was weighed on, KRW saw further weaknessWTI and Brent futures posted losses of over 2.5% each, spot gold eclipsed 1680/oz at the open vs. Friday’s sub-1650/oz...