Newsquawk Rundown, Daily Podcast

Asian equities traded with cautious gains in what was a volatile session amid a slew of contradicting trade headlinesSCMP reported that Chinese delegation is cutting the trade trip short amid no progress on trade issuesUS is reportedly mulling some concessions regarding the currency pact, next week’s scheduled tariffs and Huawei but is to tighten inspections on parcels from ChinaFOMC Minutes stated a few members said markets see more accommodation in the future than they see as...

Risk sentiment is buoyed on reports that China are open to a partial trade deal in-spite of the technology blacklist, subsequent reports indicate China offer to purchase USD 10bln of goods per yearInitial reports noted that the EU were prepared to make a significant concession on the Brexit deal; however, this has subsequently been rebuffed from every angleReports that Turkish troops had crossed the Syrian border, since clarified that this has not happened thought they are at the borderDebt...

Asian stocks tracked losses on Wall Street but drifted off lows, South Korea was closed due to a public holidayUS imposed Visa bans against Chinese individuals related to abuse of China's Uighur community, China said the move interferes in China's internal affairs and undermines China's interestsUS and Kurdish officials expect Turkey to launch an attack on Northeast Syria within the next 24 hours, Turkish attack appears coordinated with Russians according to sourcesFed Chair Powell said Fed is to...

China is toning down exp. ahead of trade talks, delegation are planning to cut the visit short and Liu He has not been given the designation of Special Envoy., SCMPChina’s Commerce Ministry say to stay tuned for retaliation to the US naming 28 Co’s to be placed on their entity listGerman Chancellor Merkel reportedly told PM Johnson that a deal can only occur if NI remains in the customs union, if this is the EU’s position than a UK source notes that a deal is essentially impossible at any...

Asian equities traded higher across the board despite a lacklustre handover from Wall Street, HKEX dropped its bid for LSE and Samsung Electronics released its Q3 guidanceChina is ready to do a deal on the parts of the negotiations both sides agree upon and are prepared to set out a timetable for the harder issues to be worked out next year, according to FoxUS Commerce Department confirmed it has blacklisted 28 Chinese firms over treatment of the Muslim Uighur communityIn FX, DXY remained within...

Major European indices are little changed as markets await further US-China updatesChina is reportedly narrowing the scope for a trade deal with the US, officials expected to present an offer which omits industrial policy or subsidiesNorth Korea has terminated working talks with the US and US forces are to pull out of Northern Syria, and not stand in the way of Turkey’s long-standing planUSD is firmer vs. G10 counterparts excluding safe havensLooking ahead highlights include US Consumer...

Asian equities traded mixed after initially opening higher, Mainland China and Hong Kong were closedChina is narrowing scope for a trade deal with the US ahead of principle-level talks in Washington this week, according to reportsNorth Korea has terminated working level nuclear talks with the US due to US’ “old viewpoints and attitude”, according to NKUK PM Johnson is reportedly willing to go to the Supreme Court to avoid having to write a letter asking for a delay to BrexitLooking...

European equities are indecisive and overall little changed ahead of US jobs reportWhite House Trade Adviser Navarro reiterated that there will be no small deal with ChinaBeijing is in no hurry to forge a deal, and cites the one secured between US and Japan as a reason for not rushing., SCMPFed’s Clarida was optimistic on the economy, noted Fed is not on a pre-set course and a standing repo facility will be discussed in future meetingsUSD is marginally softer thus far, fixed is firmer;...

Asian equities traded with no firm direction after an upbeat performance on Wall Street, ahead of NFPSCMP Editorial piece stated, "Beijing is in no hurry to forge a deal” with the USEU’s Brexit Negotiator Barnier told a private meeting of EU diplomats that UK PM Johnson’s proposals fell far short of his conditions for a deal, sources statedIn FX, the DXY is flat, EUR and GBP moved in-step with the Dollar, Antipodeans outperformedLooking ahead, highlights include US NFP and Trade, Baker...

US equity futures are modestly firmer, in a bounce-back from the WTO announcement; note, Germany is closedUSTR are to impose 10% tariffs on EU aircraft and 25% on agricultural and industrial goodsFed’s Evans says the ISM-Manufacturing print confirmed the FOMC’s view and is open-minded for the next meeting·Fixed is firmer as growth concerns grow while DXY remains around 99.0 and somewhat mixed vs. G10 counterpartsLooking ahead highlights include US Services and Composite PMIs, US Initial...