Newsquawk Rundown, Daily Podcast

Asian equity markets were mostly higher as the region sustained the momentum from Wall St with the S&P 500 back above 3000 and the DJIA above 27k·        US President Trump has delayed the next round of tariffs on USD 250bln of Chinese goods to October 15th from October 1st·        Global Times noted comments that the postponement does not mean a big improvement as talks...

European equities are firmer this morning supported by China releasing a US tariff exemption list, subsequently Commerce Ministry noted that certain agreements may be reached prior to October meetingUS President Trump says Fed should cut rates to zero or less, and then US should refinance its debtAmazon (AMZN) are to be probed by antitrust officials in the US regarding their Marketplace platformScottish Court has ruled that PM Johnson's proroguing of parliament is illegalLooking ahead,...

Asian equity markets eventually traded mostly higher as the region shrugged-off the indecision from Wall StChina is ready to sweeten deal by buying American goods in countdown to trade war talks according to SCMP sourcesUK MPs seeking to block a no-deal are reportedly examining ways to bring back a version of former PM May’s Brexit deal with a 2nd referendum attachedUS President Trump said he has removed National Security Advisor John Bolton and that he disagreed strongly with some of Bolton's...

European indices are slightly softer but overall little changed as markets await a substantial catalyst ahead of Thursday’s ECBUS President Trump reiterated that China wants to talk, and it was also reported that China is hopeful US can create conditions for trade talksUSD remains little changed vs. G10 counterparts though SEK & NOK remain subdued on domestic factorsLooking ahead, highlights EIA STEO, APIs, BoE’s Carney & Riksbank’s Ingves, US 3yr...

Asian equity markets traded mixed, following suit from the indecisive tone seen on Wall StChinese inflation metrics were largely influenced by a 10% increase in food prices amid the swine fever epidemic, PPI saw its sharpest contraction in 3 yearsUS President Trump reiterated that China wants to talk whilst it was also reported that China is hopeful US can create the conditions for trade talksMPs scuppered PM Johnson’s attempt for a snap election just before Parliament began its 5-week...

European indices are little changed and lacking direction thus far this morning [Euro Stoxx 50 +0.1%] ahead of a quiet slate for the daySterling is strong ahead of today’s hectic UK Parliament schedule, which may well be the last until October 14thApple (AAPL) and Foxconn have reportedly violated a Chinese labour rule through the use of around 50% temporary workforce in a Chinese plant during AugustLooking ahead, highlights include Norges Bank’s Matsen and UK...

Asian equity markets traded mostly positively with gains capped by soft trade metrics from China and ongoing unrest in Hong KongUK PM Johnson has reportedly drawn up a plan to legally sabotage a Brexit extension if MPs vote against holding a general electionSaudi Arabia removed Energy Minister Al-Falih from his position and replaced him with Prince Abdulaziz bin Salman bin Abdulaziz al-SaudFed Chair Powell provided a relatively upbeat view of the economy which suggested a lack of urgency for a...

European bourses are little changed, having faded the post-PBoC RRR gains; while WTI & Brent are now experiencing a more pronounced price decline with NFP & Powell aheadPBoC cut its RRR by 50bps, effective as of Sep 16, will further cut RRR for some qualified banks, some banks will get an addition RRR cut of 100bpsDXY remains within a tight range and major counterparts are mixed while European bonds continue to grind higher and away from their US counterpartsLooking ahead, highlights...

Asian equity markets traded higher after sustaining the momentum from Wall St. where all major indices rallied and the S&P 500 notched a 1-month highUK Labour Party will seek to delay an election until November after party leader Corbyn was warned he would lose if it were to be held soonerDXY was relatively flat overnight below 98.50, treading water heading into today’s NFP numberLooking ahead, highlights include German Industrial...

European bourses are buoyed by the positive risk tone on US-China updates, though the FTSE 100 lags on Sterling strengthChina’s Mofcom announced US and China will hold trade talks early October in Washington DC & Commerce Ministry said this morning call with the US went wellUK PM Johnson lost his attempt to call a general election, and the Benn bill is expected to complete its Lords passage by Friday 17:00BSTLooking ahead, highlights include US ADP, Initial Jobless Claims, Composite &...