Newsquawk Rundown, Daily Podcast

Sentiment remains subdued after yesterday’s sell-off; USD softens as GBP and JPY strengthenChina's Politburo says the turning point of the virus outbreak in China has not arrived yet, State MediaSouth Korea has reported 48 more cases of novel coronavirus, total rises to 204, according to YonhapLibyan Commander Haftar has told Russian press he is ready for a Libyan ceasefire if some conditions are metSaudi Air Defence has intercepted and destroyed several ballistic missiles fired at the...

Asian equities traded with downside bias after a weak handover from Wall Street, Hang Seng and KOSPI laggedChina reported an additional 889 (Prev. 394) coronavirus cases and 118 (Prev. 114) additional deaths as of February 20South Korea’s virus case count rose to 156; two evacuees from the Diamond Princess cruise have tested positive for coronavirus since landingChinese Commerce Ministry is speeding up the study of new measures to provide further support for companiesIn FX, DXY was flat,...

USD remains king as 100 comes into focus for the DXY as it outperforms G10 peers, particularly JPY/AUD/NZDEuropean bourses have traded largely directionless for the session, as focus remains on geopolitics/virus headline riskConcerns mount over the spread of coronavirus outside of China, namely Japan and South KoreaChinese PBoC LPR Rate 1yr 4.05% vs Exp. 4.05% (Prev. 4.15%); 5yr 4.75% (Prev. 4.80%)Turkey and Russia are in talks regarding joint patrols around Idlib, SyriaLooking...

European bourses are modestly firmer, with gains roughly in-line with their APAC peersTurkish President Erdogan says he is presenting his final warning to the Syrian government regarding Idlib and says that a military operation is a "matter of time”GBP was briefly bolstered on strong UK CPI, with the DXY modestly firmer overall largely on a soft JPYBoeing are to inspect undelivered 737 Max craft for foreign objects after debris found in undelivered craftLooking ahead, highlights include...

China’s Mainland reported total cases 74185 vs. Prev. 72436, total deaths 2004 vs. Prev. 1789Asian equities traded with cautious gains; Nikkei 225 outperformed, Mainland China was supported by stimulus hopesIn FX, DXY remained near recent highs, USD/JPY reclaimed 110.00, EUR and GBP traded sidewaysYuan saw weakness as PBoC set USD/CNY mid-point above 7.000, the weakest fix since Dec 25th, 2019Libya’s government...

European bourses are softer this morning in-line with the knock to risk-tone post AAPL revenue warningApple (AAPL) issued a revenue warning in which it does not expect to meet revenue guidance for the March quarter citing the coronavirus outbreakChina's President Xi says that China is still able to meet the 2020 economic targets, in-spite of the impact of the coronavirusEZ Finance Minister, including German Finance Minister Scholz, have adopted a recommendation for a fiscal boost in the event of...

China reported an additional 1868 coronavirus cases and 98 additional deaths, 1701 patients were dischargedApple (AAPL) issued a profit warning and does not expect to meet revenue guidance for Q1 amid the coronavirus outbreakRBA Minutes largely echoed the statement but also highlighted that Coronavirus is a “material” risk to the Chinese economy and hence AustraliaAsian equities traded lower across the board whilst US equity futures gapped lower at the openIn FX, DXY and JPY remained...

APAC stocks traded mixed: China was buoyed by the PBoC, Nikkei 225 lagged on dismal domestic GDPTotal Mainland coronavirus cases are now at 70548 and death toll at 1770, whilst 1425 were discharged from hospital on SundayChina cuts its 1yr MLF by 10bps to 3.15%, 1ppts below the 1yr LPR which is to be announced on ThursdayThe Trump Administration said it would increase tariffs on EU aircrafts to 15% from 10% beginning March...

European bourses are little changed in largely directionless tradeCrude futures are bolstered somewhat heading into a long US weekendG10 FX complex is flat, with the DXY little changed as a resultEZ GDP printed as expected after flat QQ German numbers, while EZ employment surprised to the upsideLooking ahead, highlights include US Import & Export Prices, Retail Sales, Industrial Production and Manufacturing Output, Business Inventories, University of Michigan Sentiment (Prelim),...

Asian equity markets were mostly higher following the near recovery seen on Wall StChina's Hubei province reported 4823 new coronavirus cases and 116 additional deaths as of February 13thChina is reportedly considering postponing its annual parliamentary meeting (scheduled for March 5th)US filed a superseding indictment on Huawei which includes a new racketeering conspiracy count and accused the company of trade theftNY Fed Cut O/N Repo Operations limit to USD 100bln (prev. 120bln); cuts...