Newsquawk Rundown, Daily Podcast

European indices [Euro Stoxx 50 +0.6%] extend advances ahead of the US’s entrance to marketIn FX, the dollar broadly outperforms its G10 counterparts particularly antipodeans following RBA Governor Lowe stating they will consider a rate cut at June’s meetingLooking ahead, highlights include US Existing Home Sales, EZ Consumer Confidence (Flash), US & Japan Trade Talks, Fed’s Evans & Rosengren ASIA-PACAsian stocks eventually traded mostly...

Asian indices were mixed following the negative Wall St lead, although, respite was granted as the US announced a 90-day general license for HuaweiThe RBA further tied their outlook to the labour market and Governor Lowe stated the board will consider lowering rates at the June meetingLooking ahead, highlights include US Existing Home Sales, EZ Consumer Confidence (Flash), US & Japan Trade Talks, Fed’s Evans & Rosengren, ECB’s de...

European Indices [Euro Stoxx 50 -1.2%] have continued to move lower, after a relatively uneventful opening, with the downside stemming from unconfirmed negative reports on US-China tradeIn FX, the USD is subdued vs all G10 counterparts in particular the AUD following PM Morrison’s surprise victorySaudi Energy Minister Al Falih, at the JMMC, stated that there is consensus to gently drive inventories down and that Saudi Arabia see no need to quickly boost production with oil around USD...

Asian indices mixed with focus on Australian elections and reports that US-China trade talks have stalledSaudi Energy Minister Al Falih stated that there is consensus to drive down inventories gently and Saudi Arabia sees no need to boost production quickly now with oil at around USD 70/bblReports around UK PM May’s Brexit bill differ, some indicate it contains improved measures others that it contains nothing new and retains the Irish...

Major European indices [Euro Stoxx 50 -0.5%] are subdued following from a mixed Asia session, with sentiment afflicted by reports that China potentially has no current interest in the continuation of US talksOpposition Labour Leader Corbyn confirms that cross-party Brexit talks have gone as far as they canLooking ahead, highlights include US University of Michigan Sentiment, Fed's Clarida & Williams, ECB's de Guindos ASIA-PACAsian equity markets...

Asian indices were predominantly positive following a firmer close on Wall St.; although markets were afflicted by negative US-China updatesChina's state media reported that China potentially has no interest in furthering talks with the US right now; little sincerity seen by China in US President Trump’s approachCross-party talks between Conservatives and Labour are near to drawing to a close without an agreement; focus now turns to Parliamentary voting...

European indices [Euro Stoxx 50 +0.3%] are volatile, following on from the somewhat mixed performance of their Asian counterpartsChina’s MOFCOM spokesman stated that they have no information regarding a US visit to BeijingLooking ahead, highlights include US Building Permits, Housing Starts, Initial Jobless Claims & Philadelphia Fed Business Index, Canadian Manufacturing Sales, ECB’s de Guindos & Coeure, Fed’s Kashkari & Brainard, BoC’s Poloz & WilkinsEarnings: Applied Materials,...

Asian indices were mixed as the auto-driven positivity from Wall St. was countered by the blacklisting of Huawei and disappointing regional earningsUK PM May is to face the 1922 committee today, with the committee to hold a meeting immediately after; cross-party talks with Labour remain on the verge of collapsingLooking ahead, highlights include US Building Permits, Housing Starts, Initial Jobless Claims & Philadelphia Fed Business Index, Canadian...

European Indices [Euro Stoxx 50 -0.6%] fail to maintain the positive lead from Asia-Pac as sentiment turns risk-offBunds have breached the 167.00 level supported by the deteriorating sentiment and the ongoing political turmoil in Italy with the BTP spread blowing out further towards 300bpLooking ahead, highlights include US NY Fed Manufacturing, Retail Sales, Industrial Production, Manufacturing Output, Business Inventories, NAHB, Canadian CPI, Fed’s Quarles, Barking, Rosengren & George; ECB’s Coeure...

Asian indices were firmer after positive comments from US President Trump regarding China trade; although, gains were capped by poor earnings and dataUK PM May’s government has confirmed that the Withdrawal Agreement will be put to Parliament in the first week of June Looking ahead, highlights include EZ GDP, US NY Fed Manufacturing, Retail Sales, Industrial Production, Manufacturing Output, Business Inventories, NAHB, Canadian CPI, IEA Monthly Oil Report,...