Newsquawk Rundown, Daily Podcast

Asian equity markets began the week on a positive note with sentiment underpinned by encouraging reports from ChinaChina 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 electionsUS President Trump said the China trade deal is coming along very well, while he also commented that an...

EZ PMIs were mixed with manufacturing beat but services subdued, UK missed across the boardEuropean bourses are slightly firmer this morning on little in the way of trade updates and mixed dataECB’s Lagarde speech delivered little in the way of surpises for marketsDXY is flirting with the 98.0 mark to the upside, with G10 peers mixed and the core debt complex firmerUS President Trump signed the continuing resolution to avert a government shutdown to December 20thLooking ahead,...

Asian equity markets traded mostly negative after the cautious tone rolled over from Wall StA Chinese Foreign Ministry spokesperson said team members will make continuous and stepped-up efforts on the trade consultationUS President Trump’s insistence that China commits to large purchases of US agricultural products has reportedly become a negotiating sticking pointUK lawmakers approved the early election bill with 438 votes and 20 against for an election on December 12thLooking ahead,...

European bourses are softer after a relatively flat open, as newsflow remains light ahead of the weeks risk eventsUK Opposition Labour Party are to back a December election, irrespective of the dateUS House Speaker Pelosi announced in a letter to Democrats that the House will vote to formalize the procedures related to impeachment inquiry of President TrumpLooking ahead highlights include, US Consumer Confidence & Pending Home Sales,...

Asian equity markets trade mostly higher as the region just about took impetus from Wall St where the S&P 500 and NASDAQ 100 notched record highsUSTR office is to consider extensions of certain tariff exclusions on USD 34bln of Chinese goods from November 1stUK lawmakers rejected PM Johnson's request for an early election with 299 MP's voting in favour, short of the two-thirds (434) majority neededUK PM Johnson will now give notice of a short bill (requires a simple majority but can be...

European bourses are little changed this morning on a lack of newsflowEuropean Council President Tusk announces that "The EU27 has agreed that it will accept the UK's request for a Brexit "flextension" until 31 January 2020China’s MOFCOM stated the technical consultations of some of the text agreement for the deal with US were basically completed and that the sides agreed to properly handle their core concernsLooking ahead, highlights...

Asian equity markets began the week with a positive tone amid trade hopes after China signalled that a partial agreement may be within reachEU is reportedly preparing to allow a 3-month Brexit extension to January 31st 2020 with an option to leave earlierUK’s Liberal Democratic party have drawn up a bill which would fix an election for December 9th, SNP are said to back the billIn FX, DXY traded relatively stable, GBP/USD was subdued,...

European bourses are mixed but overall slightly subdued in what has been a quiet session thus farChinese Foreign Ministry state they are extremely indignant about, and oppose, the speech by VP PenceFX complex is little changed overall with the USD slightly mixed and GBP softer as election talk increasesLooking ahead, highlights include US Baker HughesEarnings: Verizon Communications, Phillips 66, Charter Communications, Royal Caribbean, Aon,...

Asian equities traded mixed with a lack of conviction amid the absence of any firm macro drivers and as earnings releases remained centre stageUS Vice President Pence suggested the US will continue to seek better relations with ChinaUK PM Johnson is calling for an election on December 12th under the Fixed Term Parliament ActUK opposition party Labour is to reject PM Johnson’s offer until a no-deal Brexit is taken off the tableLooking ahead, highlights include German Consumer Sentiment...

European equities are firmer this morning after a choppy session following Flash PMIsRiksbank and Norges Bank left rates unchanged as expected; Riksbank maintained December hiking bias – as such Scandi’s are firmerUK PM Johnson reportedly faces increasing revolt from within his party over the threat of holding an election before delivering the BrexitLooking ahead highlights include, US Durables, Initial Jobless Claims and Markit PMIs, ECB, and CBRT policy decisions, ECB’s Draghi, US 7yr...