Newsquawk Rundown, Daily Podcast

ECB President Draghi said additional stimulus will be required if inflation aim is threatened, APP still has considerable headroomStocks surge as Draghi strikes a dovish tone, albeit Financials underperform amid the prolongation of negative ratesEUR slumped to the bottom of the G10 pile amid dovish Draghi comments, DXY is firmer above 97.50Looking ahead, highlights include US Building Permits, Housing Starts, APIs, Tory Leadership Vote,...

Asian equity markets mostly saw cautious gains ahead of this week’s key risk events and following the marginal gains in the USBoris Johnson allies reportedly plan to rig the leadership contest by ‘lending’ votes to Jeremy HuntDXY continued on from the prior day’s swings and slipped back below 97.50 amid tentativeness heading into the key central bank meetingsLooking ahead, highlights include German ZEW, EZ CPI, US Building Permits,...

Major European stocks are flat/mixed in a continuation of the cautious tone seen in AsiaMost major FX pairs remain rangebound ahead of an action-packed weekLooking ahead highlights include, US NY Fed Manufacturing and ECB’s Draghi ASIA-PACAsian equity markets began mixed with the region cautious ahead of the upcoming slate of central bank activity and after last Friday’s losses on Wall St,...

Asian equity markets began mixed with the region cautious ahead of the upcoming slate of key risk eventsPrice action in FX was relatively quiet amid a lack of tier 1 data releases, DXY slightly pulled back from Friday’s data-driven gainsFormer UK Foreign Minister Boris Johnson’s plans to withhold Brexit bill payments could be thwarted by Attorney General Cox’s legal adviceLooking ahead, highlights include US NY Fed Manufacturing, ECB’s de...

European indices are predominantly lower [Euro Stoxx 50 -0.4%] as the risk-off theme prevailsThe US have reportedly asked the WTO to pause the investigation into China IP until December, and India are reportedly preparing higher tariffs on 20 US goodsLooking ahead highlights include, US Retail Sales, Industrial Production, Business Inventories, University of Michigan Sentiment, BoE’s Carney ASIA-PACAsia equity markets traded mixed as they awaited...

Asian indices are mixed, pulled between the positive Wall St. lead and impending Chinese data at 08:00BSTUS Secretary of State Pompeo formally blamed Iran for the Oman tanker attacksNEC Director Kudlow states that China has broken WTO terms on trade, as such US President Trump is taking actionLooking ahead highlights include, Chinese Industrial Output & Retail Sales, EZ CPI (Final), US Retail Sales, Industrial Production, Business...

European equities are firmer [Euro Stoxx 50 +0.2%], deviating from their Asia-Pac counterpartsWTI & Brent are significantly firmer amidst reports that two oil tankers in the Gulf of Oman have been attackedIn FX, the USD remains relatively stead while safe havens are buoyed by ongoing geopolitical tensionsLooking ahead highlights include, US Import, Export Prices & Jobless Claims, New Zealand Manufacturing PMI. Supply from the...

Asia-Pac stocks remain lower as the risk-off sentiment spills over from the US; amidst negative Chinese rhetoric on a US trade dealUS President Trump remains optimistic on achieving a deal with China, but added that tariffs on the rest of Chinese imports will be imposed if no deal can be achieved; has no deadline for these tariffsUSD remains firm to the detriment of G10 counterparts, with Cable pressured after the Labour party’s parliament control bill was...

No major fundamental EU session updates leave European Indices [Euro Stoxx 50 -0.5%] subdued and largely in-line with their Asia-Pac counterparts.In FX, the USD is lacklustre ahead of US CPI; with G10 counterparts failing to significantly capitalise on this amidst the downbeat toneLooking ahead highlights include, US CPI, ECB’s Coeure. Supply from the US ASIA-PACAsian equity markets traded mostly subdued after the flat lead from Wall St where the...

Asian indices are mixed, following on from Wall St. finishing flat, breaking its week-long win streakIn FX, the USD is little changed ahead of US CPI; with main G10 counterparts relatively steady as wellUS President Trump says he is the one holding up the US-China trade deal, and that he expects to meet President Xi at the G20 summitLooking ahead highlights include, US CPI, ECB’s Draghi, de Guindos & Coeure. Supply from Germany &...