Newsquawk Rundown, Daily Podcast

Asian equity markets were mixed with price action range-bound amid the ongoing holiday lullChina Global Times tweeted that “hopefully the US can move faster towards lowering tariffs” after China recently announced new tariff-cut plans on importsIn FX markets, price action was contained with the DXY languishing below its 200DMA at 97.71Looking ahead, highlights include Richmond Fed, APIs, US 5yr. Note, there are several early market closures, all of which are detailed on our...

European bourses are overall little changed, though the FTSE 100 outperforms as Sterling slipsChina is to lower import tariffs on certain products beginning January 1st in which it will cut some import tariffs on 850 items and will further lower import tariffs for some IT products from July 1stNorth Korean launch sites reportedly look basically ready to go, while other reports note NK Leader Kim is to take a wait and see approach regarding a US dealIn FX, the USD slightly underperforms most G10...

Asian equity markets traded somewhat mixed as the region once again failed to follow suit from Friday’s gains on Wall StreetChina is to lower import tariffs on certain products beginning January 1st in which it will cut some import tariffs on 850 itemsReports suggested President Xi is willing to continue meeting with US President TrumpIn FX markets, currency flows were limited owing to the lack of tier-1 data releases and lighter volumes heading into the holidaysLooking ahead, highlights...

European bourses are firmer in choppy quadruple witching trade following on from the US record highsUS House voted to approve the USMCA trade agreement and the Senate passed the bill to advert a Government shutdownUK House of Commons is to vote on UK PM Johnson's Brexit deal today, the bill would also prevent the Government from extending the transition period past 2020; voting is expected at around 14:30GMT/09:30ESTFX complex is mixed with GBP outperforming slightly after data and ahead of the...

Asian equity markets traded mixed as the Christmas rally on Wall St failed to filter through to the regionUK House of Commons is to vote on UK PM Johnson's Brexit deal today at 1430GMTFCA Chief Executive Andrew Bailey has reportedly been selected as next BoE Governor, according to the FTUS House voted 385 vs. 41 to approve the USMCA trade agreementLooking ahead, highlights include UK GDP, Canadian Retail Sales, US Personal Income, Consumption, Core PCE, Uni. Of Michigan, EZ Consumer...

European equities trade lacklustre amid a lack of fresh fundamental catalysts in holiday-thinned tradeUS House voted to impeach President Trump under Article 1 (Abuse of Power) and Article 2 (Obstruction of Congress); as expectedBoJ kept monetary policy settings were left unchanged, Riksbank hiked, Norges stood pat – all as expectedBunds, Gilts and US Treasuries have all extended losses and remain under...

Asian equity markets were lacklustre following an indecisive lead from US where the major indices finished flat due to a lack of driversBoJ kept monetary policy settings unchanged as expected with NIRP held at -0.1% and 10yr JGB yield target at around 0%, maintained forward guidanceUS House voted to impeach President Trump under Article 1 (Abuse of Power) and Article 2 (Obstruction of Congress); as expectedAUD/USD was boosted by better than expected Employment data, although the gains were...

European Equities have been choppy for much of the session, but haven’t drifted too far from the unchanged markUS Treasury Secretary Mnuchin said President Trump just wants a level playing field with China and the enforcement mechanism is very strong in the China dealUS House had enough votes to impeach President Trump with the majority in favour and is expected to conduct a vote todayFX space is little changed vs. USD, with EUR and GBP failing to derive much support from the sessions...

Asian equity markets traded mixed as the region lacked conviction in the absence of any fresh catalysts and following a relatively quiet session on Wall StreetUS Treasury Secretary Mnuchin said President Trump just wants a level playing field with China and the enforcement mechanism is very strong in the China dealS&P affirmed UK at AA; Outlook revised to Stable from Negative and Fitch affirmed the UK at AA; Outlook revised to Negative from Rating Watch NegativeUS House has enough votes to...

European equities are mostly lower as the region failed to follow a positive APAC lead, Boeing shares are down 2.0% after freezing 737 Max productionUK PM Johnson is to bolster his Brexit legislation by outlawing a delay to the transition period with the EU beyond December 2020RBA meeting minutes saw the central bank reiterating it has the ability to add further stimulus if needed and is ready to ease again if requiredIn FX, DXY hovers...