Newsquawk Rundown, Daily Podcast

European bourses are mixed-flat in tentative trade ahead of the US-China Phase One SigningUS Treasury Secretary Mnuchin stated that tariffs will stay in place until there is a Phase 2 agreement with ChinaSoft UK CPI and comments from BoE’s Saunders have seen market pricing for a January cut increase to 60%Russian Energy Minister Novak states there are no plans to delay the March OPEC+ meetingFX complex is similarly tentative while gilts are driving upside in debtLooking ahead,...

Asian equity markets followed suit to the cautious performance on Wall St amid trade-related headwindsTariffs on China will remain until after the US election despite a Phase 1 deal, according to sourcesUS Treasury Secretary Mnuchin stated that tariffs will stay in place until there is a Phase 2 agreement with ChinaOPEC+ is mulling the delay of its March meeting to June and could extend output cuts until then if so, according to reports citing sourcesLooking ahead, highlights include...

European bourses are relatively unchanged in choppy trade on quiet newsflow in European hoursUS Treasury removed China from the currency manipulator list, said China made enforceable commitments to refrain from competitive devaluation in the Phase 1 dealUS-China Phase 1 deal will include pledge by China to buy USD 200bln of US goods over a 2-year periodChinese trade date showed a sizable increase in the trade balance, albeit this did miss (USD-denominated) expectationsUSD is firmer but...

European equities are mixed, but overall little changed, this morning; aside from the FTSE 100 on currency effectsUS Treasury Secretary Mnuchin stated that China’s commitments in Phase 1 deal were not changed during the lengthy translation processBoE’s Vlieghe becomes the latest MPC member to come out in support of a potential rate cut if data does not improve; subsequently, UK GDP Estimate (Nov) printed below expectationsAs such, GBP is...

Asian equity markets began the week somewhat mixed with the region indecisive ahead of the US-China Phase 1 deal signingUS Treasury Secretary Mnuchin stated that China’s commitments in Phase 1 deal were not changed during the lengthy translation processBoE’s Vlieghe becomes the latest MPC member to come out in support of a potential rate cut if data does not improveIran admitted that it accidentally shot down the Ukraine passenger jet in which it alleged that the airliner took the flying posture...

European bourses are little changed, as newsflow slows with NFP aheadUS President Trump said he thinks the US-China Phase One deal will be signed on January 15th or shortly afterChina Global Times tweeted that a Phase Two trade deal after November is too far awayUSD is firmer this morning, with GBP briefly dented by comments from BoE’s TenreyroLooking ahead, highlights include US & Canadian Jobs ReportsGEOPOLITICSIsraeli Air Force jets...

10th January 2020·       Rockets reportedly landed near the Balad military base north of Baghdad, which houses US troops, according to Iraqi police·       US government officials are now confident the Ukrainian Boeing 737-800 was shot down by an Iranian missile, citing satellite data·       US President Trump said he might want to wait till after the election to complete Phase...

European bourses are firmer, as markets return to risk-on following the Middle-East de-escalationSenior Iranian Revolutionary Guard Commander states that Iran will take 'harsher revenge soon' following on from the missile attacks on US targets in Iraq., TasnimChina and the US will sign the Phase One deal, which will occur on January 15th at 16:30GMT., Chinese PressUSD is outperforming G10 counterparts today, particularly GBP post-CarneyLooking ahead, highlights include Jobless Claims,...

·       US President Trump confirmed no Americans or Iraqi lives were lost by the Iranian strike and added that Iran appears to be standing down·       Two rockets reportedly hit Baghdad’s Green Zone near the US Embassy in Iraq with no casualties reported, according to Iraq military·       Asia-Pac bourses traded with firm gains across the board after a positive handover from Wall...

European bourses are softer, but not significantly so, in tentative trade ahead of US President Trumps updateWTI and Brent spiked overnight, with spot gold surpassing the USD 1600/oz markIran has launched over a dozen ballistic missiles at two Iraqi air bases – Al-Asad and Erbil - which houses US and coalition troops; no US casualties at presentUS President Trump tweeted "all is well", he acknowledged the missiles launched by Iran at two military bases in Iraq, "Assessment of casualties &...