Newsquawk Rundown, Daily Podcast

European equities pared a bulk of the earlier upside seen from above-forecast major global PMIsChinese markets welcomed the encouraging PMI data which aside from the headline beat, also showed Non-Manufacturing PMI and Caixin Manufacturing PMI topping estimatesUS-China deal was said to be stalled because of Hong Kong legislation according to Axios sources, China Global Times noted that the trade deal must include tariff rollbacksGlobal...

Asian equity markets kick-started December on the front-foot with risk appetite stimulated by a flurry of better than expected Chinese dataChinese markets welcomed the encouraging PMI data which aside from the headline beat, also showed Non-Manufacturing PMI and Caixin Manufacturing PMI topping estimatesUS-China deal was said to be stalled because of Hong Kong legislation according to Axios sourcesChina Global Times noted that the trade...

European bourses are little changed in thin trading conditions on an early US closeEZ CPI (Flash) printed above expectations, headline YY 1.0% vs. Exp. 0.9%Both FX and debt are choppy with month end flows potentially the causeHong Kong Polytechnic University siege was confirmed to have ended as police swept through a vacant but devastated campus yesterdayLooking ahead, highlights include Canadian GDP, Black Friday, ECB’s de Guindos & de Cos, early US...

Asian equity markets were mostly subdued after the holiday closure stateside and amid continued trade uncertaintyHong Kong Polytechnic University siege was confirmed to have ended as police swept through a vacant but devastated campus yesterdayUSD was lacklustre amid the holiday-quietened conditions, EUR/USD consolidated at the bottom end of the 1.1000 handle, momentum in GBP/USD fadedLooking ahead, highlights include Swedish GDP (Q3), EZ CPI (Flash) & Unemployment Rate, Canadian GDP, Black...

Asian markets traded mostly lower as the positivity from another record setting session on Wall St heading into Thanksgiving Day, quickly fadedUS President Trump signed the Hong Kong bills into law despite Beijing's objections, according to the White HouseChina Foreign Ministry reiterated it strongly opposes the US bill on Hong Kong and that the bill severely meddles in China's internal affairsUK YouGov MRP General Election Poll showed Conservatives are set for a 68-seat majority with the party...

European bourses are firmer this morning in tentative trade ahead of the last full US day for the weekTop trade ministers from US, Mexico and Canada will sit down in Washington today for talks on USMCALittle movement in either the FX or Fixed complexes at present; DXY is slightly firmerLooking ahead, highlights include US Durables, GDP 2nd Estimate, Jobless Claims, Personal Income, Consumption, Core PCE Price Index, DoEs, Japanese Retail Sales, Fed’s Beige Book, YouGov MRP Model, Day 1 of OPEC's...

Asian equity markets traded broadly firmer after Wall Street extended on record levels once againHowever, gains were capped given the lack of material breakthrough from the recent slew of optimistic US-China trade rhetoricUS President Trump said we are in the final throes of reaching a trade deal with China and wants to see democracy in Hong KongLatest YouGov/Sky News poll shows an 11-point lead for Conservatives; down from the prior...

European bourses are softer in holiday-thinned conditions despite positive overnight trade rhetoric·China and US trade negotiators held a phone call today in which they reached a consensus on solving issues and agreed to keep in contact regarding phase one dealFed Chair Powell said Fed would respond if developments spurred a material outlook reassesment and that current monetary policy is likely to remain appropriate as long as data is consistent with moderate growthRBA Governor Lowe says QE is...

Asian equity markets traded mostly higher after taking impetus from the fresh record levels on Wall StreetChina and US trade negotiators held a phone call today in which they reached a consensus on solving issues and agreed to keep in contact regarding phase one dealUSTR Lighthizer later confirmed the call with China but declined to comment on specificsChina's Global Times tweeted that topics in the call may have included tariff removal, agricultural purchase and a possible face-to-face...

European bourses are firmer this morning as sentiment is supported by APAC newsflowChina is to increase penalties related to IP theft and will examine lowering the threshold for violators according to fresh government guidelinesHong Kong Pro-democracy candidates achieved a landslide win following a record turnout in Hong Kong District Council electionsDatapraxis analysis on YouGov data projected a UK Conservative majority of 48 seats with...