Newsquawk Rundown, Daily Podcast

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 &...

Asian equity markets traded higher across the board; Japan outperformed; Mainland China posted solid gainsChina’s Mofcom announced US and China will hold trade talks early October in Washington DC, US VP Pence said President Trump will continue to take a strong stand on ChinaUK lawmakers passed the third reading of the bill to delay the Brexit, government said the bill will complete its passage through the Lords on Friday, UK PM lost bid for snap...

Asian equity markets traded mostly subdued, Australia was led higher by gold minersDXY was steady whilst the mostly risk-averse tone spurred flows into safe haven JPYLooking ahead, highlights include EZ, UK and US Services PMI, US ADP, Factory Orders & ISM Non-Manufacturing PMI, Riksbank Rate Decision, Riksbank’s Ingves, Hansson, Floden & Ohlsson, BoE’s Cunliffe, Haldane & Broadbent and ECB’s de Galhau, supply from Germany, earlier US Independence Day...

European Indices [Euro Stoxx 50 +0.9%] as the weekend’s positive US-China updates, among other geopolitical developments, generated risk-on sentiment which rolled over from the Asia-Pac sessionUS and China agreed to a temporary trade truce in which US will not levy new tariffs on China whilst also easing some Huawei restrictionsUS President Trump met with North Korean Leader Kim in the DMZ and became the first sitting US President to enter North Korean territoryRussia & Saudi Arabia have...

US and China agreed to a temporary trade truce in which US will not levy new tariffs on China whilst also easing some Huawei restrictionsUS President Trump had an impromptu meeting with North Korean Leader Kim Jong Un and agreed to resume stalled nuclear talksRussia and Saudi Arabia have agreed to extend the OPEC+ output deal by 6 to 9 monthsAsian equity markets began H2 with gains across the board as global sentiment was buoyed, gold...

European Equities are just into positive territory [Euro Stoxx 50 +0.3%], with the Fed having approved all 18 banks capital plans in their Comprehensive Capital Analysis ReviewUS President Trump says he will be meeting with Chinese President Xi tomorrow and thinks the meeting will be productive at a minimum; it will ultimately work out, though he did not promise a 6-month tariff reprieveFX and Fixed remain tentative and rangebound ahead of the weekend’s G20 and as month/quarter & half year end...

Asian equity markets were subdued amid book squaring heading into the end of H1 and ahead of the upcoming Trump-Xi meeting at the G20FX price action was uneventful across the board with the DXY little changed on the session as its major counterparts sat rangeboundUK PM candidate Boris Johnson is reportedly preparing an emergency budget for no-dealFed approved all 18 banks capital plans in its Comprehensive Capital Analysis...

China’s President Xi is reportedly to present Trump with  a set of terms required for a resolution to the trade dispute; including the lifting of all punitive tariffsEuropean Indices are softer [Euro Stoxx 50 -0.2%], with sentiment somewhat dented on the ongoing US-China updatesIn FX, the DXY remains cautious and within a relatively narrow band ahead of the G20 summit while bonds were only marginally afflicted by negative trade rhetoricLooking ahead, highlights include German CPI (Prelim),...

Asian equity markets traded higher after the region shrugged off the uninspiring lead from Wall Street ahead of the G20 SummitUK Remain rebels are reportedly planning to mount a new bid next week to block a no-deal BrexitIn FX markets, most currencies remained in a holding pattern, although the DXY was slightly firmer overnightLooking ahead, highlights include German CPI (Prelim), EZ Economic Sentiment, US GDP (Final), Initial Jobless Claims, Banxico rate decision, ECB’s Nowotny, supply from...

European indices [Euro Stoxx 50 +0.4%] were lifted from mildly negative territory by positive US-China commentsUS Treasury Secretary Mnuchin said the US-China deal is 90% complete, though there was some suggestion that these comments were delivered in the past tenseIn FX, the DXY has steadied above 96.0 post-Fed comments while the NZD leads G10 counterparts post-RBNZLooking ahead highlights include, US Durable Goods, Fed’s Daly. Supply from the...