Newsquawk Rundown, Daily Podcast

Asian equity markets weakened following the indecisive performance on Wall St where stocks finished relatively flat after a pullback from record highsChina confirmed 571 total cases of the new coronavirus, the number of deaths from the virus was reported at 17The EU withdrawal agreement bill concluded its parliamentary stages and has been sent to the Queen, as expectedCalls for an RBA rate cut next month have been pared back after the latest jobs report showed a firmer than expected employment...

European bourses are firmer, but off of session highs, as focus turns to Davos programmingCoronavirus cases have risen to 440 with the death toll now at 9; US President Trump stated the US case is under controlEU is reportedly preparing to offer the UK a trade deal on tougher terms than its deals with other leading trade partnersSterling outperforms on firmer CBI data for January while G10 peers are mostly little changed vs. USDLooking ahead, highlights include Canadian CPI, US Existing...

Asian equity markets gradually improved and shrugged off the lacklustre lead from Wall St, Mainland China underperformed  Coronavirus cases have risen to 440 with the death toll now at 9; US Center for Disease Control and Prevention confirmed the first case in the US  EU is reportedly preparing to offer the UK a trade deal on tougher terms than its deals with other leading trade partners  In FX, DXY traded slightly firmer,...

European bourses are subdued this morning, in a continuation of APAC trade291 cases of Coronavirus have now been confirmed by China (as of Jan 20th), according to State mediaUS Treasury Secretary Mnuchin says, with the Phase One China deal in place the Phase Two deal would not necessarily lead to the removal of all tariffs; could be done sequentially along the way, WSJUK labour market data was firmer than expected, though expectations for a January BoE remain around 60%BoJ kept rates and...

Asian equity markets weakened across the board following a non-existent handover from their peers on Wall StChina confirmed 224 coronavirus cases so far and a 4th death from the outbreak. WHO called an emergency meeting amid the spread to more citiesBoJ kept monetary policy settings unchanged as expected with NIRP maintained at -0.1% and 10yr JGB yield target at around 0%, while reaffirming forward guidanceUS President Trump spoke with French President Macron in which they agreed to pursue talks...

Most major Asia-Pac indices began the week higher as the global rally just about remained intact following another record finish last Friday on Wall StPBoC kept the Loan Prime Rate unchanged at 4.15% vs. forecasts for a 5bps cutUK Chancellor Javid urged UK companies forget about being closely aligned to the EU post-Brexit and adjust to the new realityCrude markets supported by supply disruptions in Libya after Libya's National Oil Corp. declared a force majeureLooking ahead, highlights...

European bourses are firmer this morning, continuing the positive tone from APAC hoursSterling lags and Gilts lead core debt peers after dismal UK retail salesWhite House officials confirmed they are planning election year stimulus which will focus on tax reductionsChinese GDP printed in-line with exp. with IP and retail sales topping estimatesLooking ahead, highlights include US Building Permits, Housing Starts, Industrial Production, JOLTS, Uni. Of Michigan, Baker Hughes, Fed’s Harker,...

Asian equity markets traded mostly positive after taking impetus from another record-setting session on Wall St.Chinese GDP printed in-line with expectations, whilst both Industrial Production and Retail Sales topped estimatesChina’s Global Times noted comments from an expert who suggested that China could demand that the US roll back all tariffs prior to phase two talksDXY was relatively flat and held near the prior day’s highs, while its major counterparts were indecisiveLooking ahead,...

European equities are little changed at present, as newsflow has slowed since the Phase One signingChinese VP Liu He says it is unwise to rush into the Phase Two negotiations, stating Beijing has little interest in immediately doing soUS Senate Majority Leader McConnell said the impeachment trial will begin on Tuesday and the Senate will complete USMCA trade deal todayUSD is slightly softer as antipodeans benefit on the trade deal, other G10 currencies little changed/mixed at...

Asian equity markets traded mostly higher but with gains capped as the euphoria from the US-China Phase 1 trade deal signing dissipatedThe deal was caveated by China’s commitment to purchase agricultural goods “based on market conditions” and potential for China to exit the dealPresident Trump said he will visit China in the not too distant future to reciprocate for the Phase 1 signing. Work on Phase 2 will begin as soon as this one kicks...