Newsquawk Rundown, Daily Podcast

European equity markets have faded off highs [Eurostoxx 50 +0.4%] seen since the cash open as sentiment turned more cautiousChina reported total coronavirus cases were now at 28018 and total death toll at 563 as of Feb. 5thChina is to cut tariffs by as much as 50% on USD 75bln of US goods effective February 14thRussia is reportedly not supporting a deeper oil cut and prefers an extension of the current OPEC+ pact, according to...

Asia-Pac equity markets got a lift from the tailwinds from Wall St. where S&P 500 and Nasdaq posted record closesChina reported total coronavirus cases were now at 28018 and total death toll at 563 as of Feb. 5thChina is to cut tariffs by as much as 50% on USD 75bln of US goods effective February 14thRussia is reportedly not supporting a deeper oil cut and prefers an extension of the current OPEC+ pact, according to...

Asian equity markets were positive across the board as the global rebound filtered through to the regionChina reported total coronavirus cases in the mainland are now at 24324 and total number of deaths was now at 490US President Trump’s administration is planning to meet later this month to discuss efforts to further limit exports to China and Huawei, according to WSJRBA Governor Lowe says the board continues to discuss merits of further stimulus but also noted the economy is still passing...

Risk-on dominates this morning as little has occurred to changed yesterday’s positive narrativeIowa results have been delayed, expected to be released later tonightUS Trump administration it to proceed with new rules that would enable the nation to impose punitive tariffs on goods from countries believed to have undervalued currenciesChina says they have suspended all activities for their Canton fair due to the coronavirusLooking ahead, highlights include US Factory Orders, New Zealand...

Asia-Pac equity markets traded higher after following suit to Wall St peers; Shanghai Comp +1.3%China’s National Health Commission said total confirmed cases of coronavirus is now at 20438 and death toll at 425RBA kept rates unchanged as expected and reiterated the main aspects of its statement which disappointed those anticipating a more dovish toneDemocratic Iowa caucuses results were delayed due to quality checks amid inconsistenciesUSTR said there was no formal request from China on...

European bourses are largely little changed after China’s profoundly negative return, US futures indicate a firmer openEU unveiled a relatively unsurprising draft mandate for EU-UK negotiations which, as expected, emphasised the importance of a level-playing-fieldPM Johnson’s comments have been largely in-line with leaked remarks, taking a modestly hardline stanceConflicting source reports around potential Saudi Arabia/OPEC cuts to...

Shanghai Comp. played catch up to the global market rout despite supportive measures by Chinese authoritiesShanghai copper, crude oil and Dalian iron ore futures all hit limit down on pent up selling from the Lunar New Year holidayChina’s daily briefing confirmed 17205 coronavirus cases and the death toll at 361 as of February 2ndUK PM Johnson will set out a hardline stance on post-Brexit trade talks during a major speech todayOPEC+ joint committee is reportedly to meet on Feb 4th-5th in...

European bourses are subdued as sentiment slips on further coronavirus contagionEngland's Chief Medical Officer has confirmed two cases of coronavirus in the UKHigh-beta currencies suffer vs. a little changed USD on risk-sentiment while debt has seen a marked recoveryLooking ahead, highlights include US Core PCE, Employment Costs & Chicago PMI, Canadian GDPEarnings: Exxon Mobil, Chevron, Honeywell,...

Asian equity markets traded mixed as early relief rolled over from the US following a "soft" declaration by the WHO on coronavirusWHO declared the coronavirus a Public Health Emergency of International Concern, although did not recommend limiting trade and movementChina announced that confirmed coronavirus cases increased to 9692 and total deaths to 213Chinese PMI data was inconclusive in which Manufacturing PMI printed in-line with...

European bourses are subdued as risk-off resumes on growing virus concernsWorld Health Organization said evidence of human-to-human transmission outside of China is deeply concerningJapanese medical expert said it has been confirmed in China that the coronavirus can be transmitted from people without symptomsAhead of BoE market expectations price in around a 50% chance of a cut vs. analyst consensus of 6-3...