Newsquawk Rundown, Daily Podcast

European bourses are tentative as newsflow is limited ahead of a key weekChina’s trade data was weaker than expected, with exports surprisingly contracting though imports did post surprise growthUSTR Lighthizer and US Democrats are reportedly nearing a deal for Congress to pass USMCA, although hurdles remainUK Election polls have around an 8-14pp spread in the Conservative-Labour lead, YouGov MRP to be released tomorrowLooking ahead, highlights include US 3yr Supply, RBA’s...

Asian equity markets were mixed as the tailwinds from Friday’s stellar US NFP report were offset by mostly weaker than expected Chinese trade dataHong Kong protesters conducted a large-scale march, with organizers claiming a turnout of 800k, protests were largely peacefulChina ordered government offices and public institutions to remove all foreign computer equipment and software in 3 yearsHeading into election week, polls over the weekend have shown the Conservatives holding onto their lead over...

European equities reside in modestly positive territory, FTSE 100 outperforms on a softer SterlingChina is reportedly to implement tariff waivers for some purchases of soybeans and pork from the US but has taken countermeasures against US limit on diplomats, sources stateOPEC+ additional 500k BPD output cuts could be split roughly 2/3 for OPEC and 1/3 for Non-OPEC, according to sourcesIn FX, GBP softened on potential...

Asian equity markets were higher as the recent US-China trade optimism reverberated in the region, but with gains capped by uncertainty from OPEC and ahead of key US dataUS President Trump said something could happen with regards to tariffs on December 15th but we are not discussing that yetOPEC delegates suggested a 350k cut for OPEC and a 150k cut Russia and Non-OPECOPEC official announced the press conference was cancelled for Thursday and sources noted the OPEC meeting was prolonged over...

European equities eke mild gains with sentiment somewhat supported by earlier China MOFCOM commentsChina's MOFCOM said US and China maintain close communication, reiterates if a Phase One deal is reached then tariffs should be reducedOPEC+ are to discuss deeper oil output cuts of more than 400k BPD as the main scenario, according to sourcesIn FX, DXY meanders around 97.50, GBP remains the top gainer, NZD is supported by RBNZ hiking capital requirements, AUD trades lower on downbeat...

Asian equity markets were mostly positive after yesterday’s positive US-China trade updatesChina Global Times tweeted an opinion that if US ignores China's warning and continues interfering in Hong Kong affairs, the Chinese government will certainly step up countermeasuresDXY traded subdued and looked to retest the 97.50 level to the downside after yesterday’s soft data ahead of Friday’s NFPLooking ahead, highlights include OPEC Meeting,...

European bourses are firmer as risk sentiment has been lifted on US-China sourcesUS and China are reportedly moving closer to a trade deal despite the heated rhetoric, according to sourcesUS House voted in favour of passing the bill demanding sanctions on Chinese officals for the treatment of UighursFX complex is mixed vs. USD with Sterling underperforming above 1.30 mark and AUD subdued after GDP metrics missedLooking ahead, highlights include US ADP Employment, Markit Composite &...

Asian equity markets extended on declines as global risk appetite remained sapped by the turbulent trade climateStrong Chinese Caixin Services and Composite PMI numbers added to the country’s recent flurry of strong activity data US House voted 407-1 in favour of passing the bill demanding sanctions on Chinese officials for treatment of Uighur Muslims.Looking ahead, highlights include Eurozone & UK Services & Composite PMIs, US ADP Employment, Markit Composite & Services PMI, ISM...

US President Trump said it is probably better to wait until after the 2020 presidential election for a China dealUSTR office said France's digital services tax discriminates against US companies and that it will take action against regimes that discriminate against US companiesUS President Trump said the EU has to shape up or "things will get very tough", EU said it is prepared to react stronglyEuropean bourses wiped out earlier gains on...

Asian equity markets retreated amid headwinds from the US where the major indices all but wiped out last week’s gains due to fresh trade concernsChina Global Times said China will soon release an unreliable entity list and noted that US House is expected to pass a Xinjiang-related bill that will harm the interests of Chinese firmsUSTR office said France's digital services tax discriminates against US companies and that it will take action against regimes that discriminate against US companiesThe...