Newsquawk Rundown, Daily Podcast

Major European indices [Euro Stoxx 50 +0.6%] are firmer after a subdued Asia-Pac lead, though the tech sector is still the underperformerChina have reportedly issued a warning against travelling to the US, and the Foreign Ministry states that it is clear every set back in trade talks was due to the US breaking consensusIn FX, the USD has recovered to above the 97.0 handle while the AUD has been largely resilient to the RBA rate cut and Governor Lowe’s commentsLooking ahead, highlights include US...

Asian indices are largely negative as tech suffered in sympathy with Wall St. and the US accused China of misrepresenting trade talksFed’s Bullard (Voter) said a rate cut may be warranted soon amid trade and inflation concernsRBA cut rates as expected; to support employment growth and generate greater confidence around the inflation targetLooking ahead, highlights include UK Construction PMI, EZ CPI (Flash) & Unemployment Rate, US...

European indices remain subdued [Euro Stoxx 50 -0.1%] but have grinded higher after a downbeat Asia-Pac lead as China issued a White Paper blaming the US for the deterioration in trade talksIn FX, the DXY remains below the 98.0 handle and relatively unchanged for the session ahead of key risk events throughout the weekLooking ahead, highlights include US mfg PMIs, ISM mfg PMI, Fed’s Quarles, Barkin and Bullard ASIA-PACAsian equity markets traded...

A subdued start to the week for Asian indices as China released a White Paper blaming the US for trade talks deteriorating, and are to create an unreliable entity listIn FX, the DXY remains below the 98.0 level as the US faces a two-front trade war; while, EUR and GBP are benefiting from the USD weaknessLooking ahead, highlights include EZ, UK and US mfg PMIs, ISM mfg PMI, Fed’s Quarles, Barkin and...

European Indices are firmly in negative territory [Euro Stoxx 50 -1.7%] following US Presidents Trump’s plans to place tariffs on Mexican goods at an initial level of 4%China’s Global Times Editor states that China will take major retaliatory measures against the US placing Huawei and other Chinese companies on an Entity ListIn FX, the Mexican Peso underperforms while safe haven JPY benefits from the risk-off toneLooking ahead, highlights include German CPI (Prelim), US Core PCE Price Index,...

Asian indices are subdued with sentiment weighed on by US President Trump’s plans to place tariffs on Mexican goods at an initial level of 5%Chinese Manufacturing PMI moved into contractionary territory and printed below the estimate at 49.4China reportedly has plans to limit rare earth sales to the US if necessary, while US VP Pence says Trump and Xi will likely meet at the G20 summitLooking ahead, highlights include German Retail Sales...

European Indices [Euro Stoxx 50 +0.5%] have stayed positive after opening in positive territory, diverging from the subdued Asia-Pac sessionChina’s MOFCOM says tariffs will not solve trade imbalances, and they will not accept a trade deal which hurts their pride/sovereigntyLooking ahead, highlights include US GDP (2nd Estimate), Core PCE, Advanced Goods Balance, Pending Sales Change & Initial Jobless Claims, Canadian Average Weekly Earnings, Fed's Clarida, BoC's WilkinsMarket Holiday: Swiss,...

Asian indices followed the negative tone on from their US counterparts as Wall St. extended on the prior day’s lossesIn FX the USD is firmer, with the DXY holding above the 98.00 level as counterparts, particularly EUR and GBP, remain subduedLooking ahead, highlights include US GDP (2nd Estimate), Core PCE, Advanced Goods Balance, Pending Sales Change & Initial Jobless Claims, Canadian Average Weekly Earnings, BoE's Ramsden, Fed's Clarida, BoC's Wilkins,...

European Indices [Euro Stoxx 50 -1.6%] are firmly in negative territory, as the risk-off sentiment spills over from the Asia-Pac sessionUS Treasury’s currency report stated that no major trading partner met the currency manipulation list; but 9 countries, including China, have been placed on the watchlistLooking ahead, highlights include, BoC Rate Decision, ECB’s Visco, supply from the US ASIA-PACAsian equity markets were mostly lower following the...

Asian indices are subdued following on from their US counterparts where the E-mini S&P dropped below the 2800 level as US-China tensions remain a key trading themeUS Treasury released their currency report placing 9 countries, including China, on the watchlist but did not name any as manipulatorsLooking ahead, highlights include French GDP, German Unemployment, BoC Rate Decision, ECB’s Weidmann, Mersch, Rehn & Visco, supply from Germany and the...