Newsquawk Rundown, Daily Podcast

Asian equity markets traded mixed after the lacklustre tone rolled over from Wall St where all majors finished with marginal lossesUK PM Johnson told the 1922 Committee that the UK will still leave deal or no deal on 31st October if a deal cannot be reachedEU sources stated that a level playing field, customs arrangements and NI consent all have been agreed in the EU/UK talks, although VAT provisions are not done yetUS President Trump suggested the Phase 1 of the US-China trade deal is moving...

European bourses are mixed but little changed overall as sentiment remains choppy, FTSE underperforms on ongoing GBP strengthEU’s Barnier is optimistic a deal can be reached today, but EU sources state there is now not enough time to formally sign a deal at tomorrow’s summit; DUP remain the critical voice at presentIn FX, a volatile session for GBP thus far with the remaining G10 currencies mixed vs. USD; debt complex is bid across the boardUS House passed a bill aimed at supporting the Hong Kong...

Asian equity markets traded higher after taking the impetus from the gains across global peersA large split reportedly opened up among Tory Eurosceptics whether to back PM Johnson's Brexit plan with some in the ERG supporting it, whilst others spoke out against itReports are now talking about an effective deadline of 1300BST for a Brexit deal to be agreed in BrusselsChina urged US lawmakers to stop interfering and threatened to retaliate with strong measures after the US House passed a bill aimed...

European indices are firmer this morning, though sentiment has been impacted by US-China rhetoricReports indicate China will struggle to purchase USD 50bln of US agri products annually, unless retaliatory tariffs are removedMixed comments from EU’s Barnier stating that a Brexit deal is possible this week although sources note that the latest proposals are not enoughDXY is mixed vs. G10 peers, with GBP and JPY outperforming and the debt complex is firmer thus farLooking ahead highlights...

Asian equity markets traded mixed following the lacklustre lead from Wall St where the recent US-China trade optimism recededUS-China talks are to resume next week and the Phase 1 deal could be wrapped up in November according to Chinese pressBrexit deal hopes are reported to have increased as sources in both sides of the channel stated there was cautious optimism, according to the TelegraphUS President Trump is to authorise sanctions against Turkish officials, immediately stop negotiations with...

Major European indices are subdued after Friday’s highs and following latest US-China rhetoricChina reportedly want further discussion before the signing of the Phase One deal with US President TrumpBrussels is demanding further Brexit concessions from UK which has prompted warnings that a deal based on additional compromise would be rejected by ParliamentIn FX, GBP underperforms a somewhat mixed USD as Friday’s Brexit euphoria fizzles out ahead of Thursday’s summitLooking ahead...

Asian equity markets began the week on the front-foot as the region reacted to last week’s announcement of a US-China Phase 1 deaThe deal saw China agree to make between USD 40bln-50bln of agricultural purchases from the US and the US refrain from implementing the October 15th tariffsBrussels is demanding further Brexit concessions from UK which has prompted warnings that a deal based on additional compromise would be rejected by ParliamentDXY slightly firmed as safe-havens recovered some of the...

European bourses are firmer this morning as US-China flow has been light following yesterday’s positivity from US President Trump; is to meet China VP He at 19:45BSTEU’s Tusk says UK PM Johnson is yet to bring forward suitable proposals, have received positivity signals from the Irish PMReports that a Iranian tanker has been hit by missiles near a Saudi port, currently unclear as to where these originated fromCrude is buoyed on the tanker flow while Sterling is the notable G10 FX outperformer...

US President Trump said US-China talks went very well today ahead of his meeting with Chinese Vice Premier Liu He at 14:45EDT/19:45BSTAsian equities took its cue from the rally on Wall Street, HK outperformed whilst Mainland remained cautiousUK Brexit negotiators are proposing a "pared-down" free trade agreement to end the Brexit impasse, Irish PM noted that he had good discussions about a future relationship after BrexitDXY held onto losses, Cable kept a 1.24+ status, USD/JPY traded on either...

European bourses are mixed/little changed overall, as focus remains firmly on US-China updatesSCMP reports that Chinese delegation is cutting their trip short due to a lack of progressFBN’s Lawrence highlights that the China team have been debating leading early, may hinge on today’s talksUS is reportedly considering some concession on a currency pact, next week’s tariffs and HuaweiUSD is softer vs. G10 peers, while the debt complex remains slightly firmer Stateside though the 10yr is...