Newsquawk Rundown, Daily Podcast

FOMC stood pat on rates as expected (raised IOER), whilst reiterating that the current policy stance is appropriateChina reported there are now 7711 total coronavirus cases and death toll at 170, while suspected cases are said to have increased to 12126Asian sentiment was downbeat as the overhang from the coronavirus outbreak continued to take its toll across the regionUK PM Johnson will inform the EU he is prepared to accept post-Brexit border checks instead of Britain being under EU...

European bourses are rangebound in a mild reprive from coronavirus, as focus turns to earnings/FOMCSCMP article suggests that the coronavirus could impact Beijing’s ability to meet US-China Phase 1 trade deal import demandsWorld Health Organisation are reportedly to hold a press conference at 14:00GMT on the CoronavirusApple beat on top and bottom lines, and iPhone sales came in above expectations; 2% higher in pre-marketLooking ahead, highlights include US Trade, Pending Home Sales,...

Asian equity markets were mostly higher as the region found some reprieve following the rebound on Wall StTotal number of coronavirus cases in China rose to 5974 and total deaths at 132 as of Jan 28thPeople's Daily reported the coronavirus outbreak may reach its peak in one week or around 10 daysSCMP suggested that the coronavirus could impact Beijing’s ability to meet US-China Phase 1 trade deal import demandsLooking ahead, highlights include German GFK Consumer Sentiment, US Trade,...

Upside in European bourses wanes as coronavirus remains a concernWorld Health Organisation states that they have not seen any onward human-to-human spread of coronavirus by travelers returning from China; aside from one caseChina National Health Commission confirmed 4515 cases of coronavirus and total deaths at 106 as of end-January 27thOPEC are reportedly discussing extending oil output cuts until at least June, could deepen output cuts...

Hefty losses were suffered across Asia-Pac bourses as virus-induced fears caught up to several indices on their return from the extended weekendChina National Health Commission confirmed 4515 cases of coronavirus and total deaths at 106 as of end-January 27thHong Kong Government instructed all its employees to work from home until next week and will review the measure at the timeLooking ahead, highlights include US Durables, Case-Shiller, Consumer Confidence, Richmond Fed, UK Announcement on...

Risk-off remains as coronavirus concerns continue to weighChina’s National Health Commission confirmed 2744 cases of coronavirus and death toll at 80 as of the end of January 26thChina extended the Lunar New Year holiday to February 2nd to contain the coronavirus; unclear if market closures will follow suitItaly’s Centre-Left bloc defeated Salvini’s league in Emilia-Romagna, with BTP’s substantially outperforming as suchFX space is mixed vs. a modestly firmer USD, with safe havens...

China has stated that the number of people infected with Coronavirus has risen to 2744 with the death toll at 80China warned that the coronavirus is getting stronger and the number of cases could increaseThis heavily pressured US equity futures which slipped around 1% in early trade and spurred safe-haven bids for T-notes and goldItaly's Centre-Left bloc, led by the Democratic Party are set to defeat Matteo Salvini’s League in the Emilia...

European bourses are firmer this morning, as sentiment improved overnight as the WHO did not declare an international emergencyUK Flash PMIs beat expectations, though GBP has slipped post-release; January BoE cut expectations are back to near 50/50OPEC+ have reportedly discussed an output cut extension until the end of 2020US President Trump will sign the USMCA trade deal at the White House on January 29thLooking ahead, highlights include US Flash...

Asian equity markets traded cautiously but eventually posted mild gains; Mainland China was shut due to Lunar New Year holiday  Total number of confirmed coronavirus cases in China was at 830 with the death toll at 25 according to state media  World Health Organization did not declare the coronavirus as a Public Health Emergency of International Concern, but the panel was split 50/50 on the decision  In FX, DXY traded...

European bourses are flat/mixed at present, as focus switches to today’s ECB meetingFrench Finance Minister Le Maire says they have reached an agreement with the US regarding the basis for digital tax discussions at next week's OECDUS is preparing for a longer and more wide-spread campaign to exclude Huawei from 5G cellular networks globallyNorges Bank left rates unchanged at 1.5% as expected, with AUD outperforming a firmer USD post-AUS...