Newsquawk Rundown, Daily Podcast

European indices are subdued as sentiment is impacted by a number of risk factors aheadHouse Speaker Pelosi says the House is to open informal impeachment inquiry into President TrumpSaudi Aramco have reportedly restored oil production capacity to 11.3mln bpd, according to sourcesFixed is little changed, USD is bolstered by a softer Sterling and EUR while NZD is now unchanged following RBNZ leaving rates unchanged at 1.0%Looking ahead, highlights include US New Home Sales, SNB Quarterly...

Asian equity markets tracked the losses seen across global peers amid headwinds from the USUK government source expects a quick push for an election again perhaps even as early as this week, Cabinet source sees this being tabled on ThursdayChina’s Foreign Minister says US-China relations have come to a crossroad, and trade negotiations cannot happen under threatsUS House Speaker Pelosi says the House is to open a formal impeachment...

UK Supreme Court deem PM Johnson’s parliament suspension as unlawful, GBP and Gilt whipsawedEU Court rules that Alphabet's Google (GOOG) does not have to apply the right to be forgotten globallyUS President Trump said he will discuss Iran in his UN speech today at 10:15ETLooking ahead, highlights include US Consumer Confidence, New Zealand Trade, UN General Assembly begins, ECB’s de Guindos, Norges Bank’s Matsen and BoE’s Carney. Supply from the...

Asian equity markets traded indecisively following a similar close on Wall St where the major indices spent the day steadily recouping the opening lossesUS Treasury Secretary Mnuchin stated Chinese VP Liu He will visit the US next week for discussions; however, later stated talks will resume in two weeksUS President Trump said we will have to see what happens regarding a meeting with Iranian President Rouhani and that he will discuss Iran in his UN speech...

Major European bourses are softer as risk sentiment slips on PMI printsChina’s agricultural delegation cancelled their farm trip at the US’ request, not due to trade talk difficultySaudi Arabia's Khuraris and Abqaiaq facilities are to fully restore oil production early next week; currently producing around 4.3mln BPD., according to sourcesHowever, WSJ reports indicate that some experts believe it could take 8-months to restore Saudi productionEUR/USD is lower and core debt has been...

Asian equity markets were mixed following the negative close last Friday on Wall St. amid temperamental US-China trade headlinesTrump reiterated he does not need a deal before the 2020 election and is not interested in a limited China dealReports suggest that repair work for Saudi to return to normal oil output levels could take much longer than expectedUS Secretary of State Pompeo said the US is still seeking to avoid war with Iran but added that additional troops being deployed to the region...

European bourses are firmer this morning in largely tentative trade as markets pause after a hectic weekNY Fed announced a fourth consecutive overnight repo operation of USD 75bln at a minimum bid rate of 1.8% for Friday at 0815-0830 ETFed’s Bullard says he dissented as a large cut is more appropriate, cites soft PCE & signs the economy is to slow soonThe FX space is similarly tentative with the USD little changed vs. G10 counterpartsLooking ahead, highlights include Canadian Retail...

Asian equity markets traded mostly positively as risk appetite picked up from the indecision seen on Wall StUS President Trump advisor Michael Pillsbury said the President is ready to escalate the trade war if a deal is not agreed soon and that tariffs could go to 50% or 100%EU Commission President Juncker said he thinks there can be a Brexit deal and that Brexit will happenSaudi-led coalition conducted a military operation in Yemen in which it destroyed 4 locations used for assembling...

European indices are modestly firner post-Fed and as most G10 central banks have met, with BoE aheadIn Central Bank activity, BoJ & SNB unchanged, SNB did not alter their CHF assessment while Norges Bank hiked but likely the last hike in the near termIranian Foreign Minister Zarif threatened ‘all out war’ in the event of an Iranian military strikeIn FX, CHF is outperforming post SNB while AUD is the laggard vs. USD after poor overnight dataLooking ahead, highlights include US Philly...

Fed cut rates by 25bps for a 2nd consecutive meeting as expected with three dissenters; Rosengren and George voted for no change again, Bullard voted for a 50bps cutDot plots showed a median view for a pause through to next year which left a hawkish aftertaste amongst US asset classesBoJ maintained all policy settings as expected and forward guidance to keep current extremely low rates for extended period at least through Spring 2020Brazil Central Bank cut the Selic Rate by 50bps to 5.50% as...