Newsquawk Rundown, Daily Podcast

Asian indices are somewhat subdued after Fed speakers tempered the prospect/magnitude of rate cutsUS is reportedly considering suspending the next round of tariffs as US-China prepare for trade negotiations to resumeRBNZ left rates unchanged but noted downside risks to employment & inflation; adding that a lower rate may be needed over timeLooking ahead highlights include, German GfK, US Durable Goods, ECB’s Mersch, BoE’s Carney,...

European Indices [Euro Stoxx 50 -0.3%] are somewhat subdued following the lacklusture Asia-Pac handoverIran Foreign Ministry spokesman Mousavi states that the US sanctions mean the permanent closure of the diplomatic channelAbbVie (ABBV) is looking to buy Allergan (AGN) for in excess of USD 60bln in a cash and stock dealLooking ahead, highlights include US Richmond Fed, ECB’s Coeure, Fed’s Williams, Bostic, Powell, Barkin, Bullard, supply from the US, earnings from FedEx and...

Asian indices are subdued following on from the US’ imposition of sanctions on IranDXY continued its recent downtrend and slipped below 96.00, leading USD/JPY beneath 107.00US placed strong sanctions on Iran, including the Supreme Leader; Iran’s Foreign Ministry Spokesman states that the sanctions mean the diplomatic channel is closed foreverUS Official states that the Trump-Xi meeting is likely the 2nd day of G20, but this is yet to be...

A choppy start to a potentially pivotally week for global trade [Euro Stoxx 50 -0.4%], with Trump & Xi due to meet at the G20 summitUS President Trump has stated that they will move ahead with additional sanctions on Iran; Iran’s Navy Commander said the downing of a US Spy drone was a ‘firm response’ and can be repeatedIn FX, the USD remains subdued with Antipodeans leading G10 gains; while the TRY has rebounded post Istanbul election re-runLooking ahead, highlights include NZ Trade, ECB’s...

Asian equities began the week somewhat choppy with participants tentative ahead of the Trump-Xi G20 meetingConservative Party is reportedly making plans that would permit the next PM to hold off from putting their Brexit plans to Parliament until AutumnUS President Trump said he has no pre-conditions for talks with Iran. However, the US will be moving ahead with sanctions on the nationTurkish opposition candidate Imamoglu beat former PM...

European stocks gave up earlier gains on quadruple witching day, sectors are mostly in the redDollar trades within a tight range above 95.50, EUR is supported by encouraging EZ PMIsUS President Trump reportedly pulled back from launching attacks on Iran hours after approving strikes on a handful of targetsLooking ahead, highlights include US PMIs, Canadian retail sales, Baker Hughes, Fed’s Mester, Daly, BoE’s Tenreyro and Carney,...

Asian equity markets traded mostly lacklustre as the FOMC-fuelled momentum began to wane in the region despite the strong lead from Wall StBoris Johnson maintained the lead after the 5th round of the Tory leadership ballot with Jeremy Hunt making it to the final two after Michael Gove was eliminatedUS President Trump reportedly pulled back from launching attacks on Iran hours after approving strikes on a handful of targetsLooking ahead,...

European equities higher across the board as investors cheer the FedDXY lower, NOK bolstered by hawkish Norges hikeLooking ahead, highlights include BoE rate decision US weekly jobs, Philly Fed, BoE’s Carney ASIA-PACAsian equity markets traded mostly positive as the region digested the dovish FOMC. ASX 200 (+0.6%) was led higher by gold names after the precious metal surged...

FOMC stood pat on rates, dot plot showed median forecast is for no change in rates in 2019 although nearly half expected lower ratesFed stated it will closely monitor developments and removed its pledge to be “patient”.BoJ kept monetary policy settings unchanged as expectedBoris Johnson maintained the lead in the third Conservative leadership vote, Rory Stewart eliminatedLooking ahead, highlights include BoE and...

Asian equity markets rallied across the board as the region followed suit from the heightened global risk appetiteFormer UK Foreign Minister Boris Johnson remained in the lead after the second round of the Conservative leadership voteDXY was steady and remained near this month’s highs after the recent Draghi-induced selling in EUR/USDUS President Trump replied "let's see what he does" when asked whether he wants to demote Fed Chair...