Newsquawk Rundown, Daily Podcast

Major European bourses are trading tentatively ahead of today’s key risk events with the FOMC aheadSaudi Arabia’s Defence Ministry are to update on evidence of Iranian weapon usage today (15:30BST) and IEA’s Birol is to speak on recent developments at 14:00BSTIn FX, the USD is King thus far, mainly on the underperformance of G10 counterparts with Sterling subdued on EU comments and soft CPILooking ahead, highlights include US Building Permits, Housing Starts, Canadian CPI, New Zealand GDP, FOMC...

Asian equity markets traded tentatively following the cautious gains on Wall St amid positioning heading into a flurry of central bank activityNY Fed are to to conduct another USD 75bln overnight repo today between 1315-1330BST at a minimum bid rate of 2.10% (unchanged from TuesdaySaudi Energy Minister Abdulaziz said oil supply is fully back online and that it will keep full oil supply to its customers this monthSaudi Arabia’s Defence Ministry will conduct a press conference today which will...

Asian equity markets traded tentatively following the cautious gains on Wall St amid positioning heading into a flurry of central bank activityNY Fed are to to conduct another USD 75bln overnight repo today between 1315-1330BST at a minimum bid rate of 2.10% (unchanged from TuesdaySaudi Energy Minister Abdulaziz said oil supply is fully back online and that it will keep full oil supply to its customers this monthSaudi Arabia’s Defence Ministry will conduct a press conference today which will...

European bourses are tentative awaiting updates to the Saudi situation as Saudi Energy Minister is to speak at 18:00/18:15BST and tomorrow’s FOMCWTI and Brent have slipped somewhat but hold onto a significant amount of their recent gains, US Energy Secretary Perry says they will take a wait and see stance to SPRIn FX, the SEK and AUD underperform post minutes with the DXY little changed overall but firmer than most G10 counterpartsLooking ahead, highlights include US Industrial Production,...

Asian equity markets were mostly lower following a subdued lead from Wall St where the S&P 500 slipped back below the 3k milestone and the DJIA snapped an 8-day win streakUS Trade Representative Robert Lighthizer said the US is determined to reach a real agreement with China but also noted there is still plenty of work to be doneUK PM Johnson will unveil his new plan for the Irish backstop next week to EU leaders on the sidelines of the UN general assemblyUS President Trump said that he is in...

European bourses are softer given the deterioration in risk tone, Brent and WTI are significantly stronger and safe havens are benefiting as wellTwo Saudi refineries were hit by drone attacks which cut as much as 5.7mln bbls of output or about half of Saudi's daily production, reports indicate this may have been the Iranian Revolutionary GuardOn the attacks, US President Trump tweeted there is reason to believe that we know the culprit, are locked and loaded depending on verification from Saudi...

Asian equity markets began the week cautiously as oil prices surged and geopolitical concerns heightened following drone attacks on Saudi refineriesDisappointing Chinese Industrial Production and Retail Sales data, as well as this week’s heavy slate of central bank activity added to the tentative toneWTI crude futures surged briefly towards USD 64.00/bbl and Brent crude rallied by as much as 20% following the attack on the Saudi facilitiesUS pointed the blame on Iran in which US President Trump...

European equities are firmer this morning on positive US-China updates, though gains are relatively marginalChina State Council will exclude some agricultural products including soybeans and pork from additional tariffs on US goodsUS President Trump said he would rather get a whole deal with China than an interim deal but suggested that he would consider an interim trade deal with ChinaIn FX, Sterling shines on DUP comments while EUR continues to strengthen post-ECB, albeit off of best...

Asian equity markets traded higher as the positive tone rolled over from Wall St where the major indices edged mild gains amidst the improving trade climateUS President Trump said he would rather get a whole deal with China than an interim deal but suggested that he would consider an interim trade deal with ChinaDUP could agree to Northern Ireland accepting some EU rules post-Brexit as part of a deal to replace the Irish BackstopDXY is essentially flat heading into the week’s end on a quiet...

US President Trump announced he is to delay the next round of tariffs on USD 250bln of Chinese goods to October 15th from October 1stChina’s MOFCOM say Chinese firms have begun inquiring on prices for US farm purchases and China and US are in communication regarding high-level talksOPEC+ are holding discussions over whether to enhance compliance with oil cuts according to sources, though Russian Energy Minister Novak says its too early for the discussion on extending this to 2020EUR/USD remains...