Newsquawk Rundown, Daily Podcast

Major European indices [Euro Stoxx 50 +0.6%] are firmer as risk sentiment begins to unwind slightly after yesterday’s sell-offChina Global Times Editor states that China may release additional retaliatory measures; notably, China declined to comment on US Treasury holdingsTwo Saudi Aramco oil pumping stations have been attack in Riyadh; Saudi Energy Minister states that Aramco has halted pumping in the east-west pipelineIn FX, the risk sentiments improvement has happened at the detriment of safe...

Asian indices were subdued after China’s tariff retaliation and the USTR posting details on tariffs for an additional USD 300bln; although, sentiment was aided by optimism from US President TrumpCross party Brexit talks reportedly made no progress, while PM May is under pressure to abandon compromise attempts and is considering definitive votes to break the Brexit deadlockLooking ahead, highlights include German CPI (F), ZEW, UK Employment Change, US Import &...

European indices are downbeat [Euro Stoxx 50 -0.5%] following on from the performance of their Asian counterparts as focus remains firmly on US-China trade uncertaintyChina Global Times Editor believes that China has not yet released countermeasures immediately as China may be drafting a plan which will have precise effectsIn FX, the safe haven’s JPY and CHF are outperforming while antipodeans are underperforming with FX largely dictated by the trade induced...

Asian stocks and US equity futures began the week negative as focus remained on the US-China trade tensionsPresident Trump thinks China felt they were being beaten so badly on negotiations that they may as well wait around for next election, but warned that a deal will become far worse for them if it is negotiated during his second termUK PM May is being pressured by cabinet ministers to drop cross-party Brexit talks and launch a final attempt to reach a...

Asian stocks and US equity futures began the week negative as focus remained on the US-China trade tensionsPresident Trump thinks China felt they were being beaten so badly on negotiations that they may as well wait around for next election, but warned that a deal will become far worse for them if it is negotiated during his second termUK PM May is being pressured by cabinet ministers to drop cross-party Brexit talks and launch a final attempt to reach a...

US President Trump increased tariffs from 10% to 25% on USD200bln of Chinese goods; however, he did comment that a trade deal is possible this weekMajor European Indices [Euro Stoxx 50 +0.8%] are firmer following the choppy overnight action as sentiment turned risk-on as market’s remain hopeful that a deal can be securedLooking ahead, highlights include US CPI, Canadian Building Permits & Jobs Report, Fed's Brainard, Bostic & Williams, ECB's...

Asian equity markets were mixed as the region somewhat failed to maintain the broad positive momentum from US where all majors finished in the greenOpposition Leader Corbyn is preparing to whip his MPs to back a move today that would keep Britain in the single market and customs unionNote, House Speaker Bercow is set to name the options for indicative votes around 1500GMT todayLooking ahead, highlights include US and Canadian trade, DoEs,...

Asian stocks were initially higher across the as the region took early impetus from the US. However, the risk tone was eventually clouded as participants digested Chinese dataUK Government Brexit motion to rule out a no-deal in any scenario and Brexit Amendment A were both accepted by the HoC last nightFocus now turns to today’s vote on potentially extending Article 50; Government extension motion proposes an extension until June 30thUS...

Major European indices are slightly firmer [Euro Stoxx 50 +0.2%] shrugging off poor performance overnightUK has announced temporary cuts to import tariffs and temporary moves to avoid a hard Irish-Northern Irish border in a no-deal Brexit scenarioSterling outperforms G10 counterparts, around the 1.3150 levelLooking ahead, highlights include, US Durable Goods & PPI, Construction Spending, HoC Vote on no-deal, ECB's Coeure, Supply from the USASIAAsian equity markets...

UK PM May lost the Brexit deal vote by 391 against vs. 242 for (149 vote margin). Lawmakers will now vote on the possibility of accepting a no deal BrexitAsian equity markets traded mostly lower following the mixed lead from Wall St and after UK PM May’s Brexit defeat and soft data releasesIn FX, the DXY traded uneventfully overnight with price action stuck at the 97.00 level as EUR/USD flatlinedLooking ahead, highlights include, EZ Industrial Production, US Durable Goods & PPI, Construction...