Newsquawk Rundown, Daily Podcast

UK PM May secured assurances from the EU regarding the Northern Irish BackstopSterling loses some of its stride ahead of AG Cox’s verdict and the meaningful voteEuropean equities are somewhat mixed having waned off opening highs [Euro Stoxx 50 U/C]Looking ahead, highlights include US inflation, API crude inventories, UK House of Commons to vote on PM May’s Brexit deal ASIAAsian equity...

Asian equity markets traded mostly higher as the region took impetus from the M&A inspired tech-led rally on Wall StUK PM May has secured “legally binding” changes to her Withdrawal Agreement, however, she did not get the power to unilaterally exit the backstop, nor did she get a time limit placed on itEuropean Commission President Juncker said that the legal add-on to the Brexit deal stresses the temporary nature of the backstop and he warned if the deal is voted down, there was “no third...

Major European equity indices are essentially unchanged, while Dow futures underperform due to heavyweight BoeingBrexit deadlock continues, recent reports suggest that PM May may change tomorrows vote from meaningful to provisionalLooking ahead, highlights include US retail sales (Jan), BoE’s Haskel, US supply. Note: US clocks have changed (London-NY gap is now 4 hours) ASIAAsian equity markets traded somewhat...

Asian equity markets traded somewhat indecisive as the region digested Friday’s mixed US jobs data, China outperformed on PBoC pledge to further support the slowing economyChina reportedly removed the trip to Mar-a-Lago from Chinese President Xi's calendar, US and China are still negotiating over the phoneBrexit talks between the UK and the EU remain at an impasse, Downing Street has said, talks are to resume todayUK PM May has reportedly been warned by MPs that the Brexit vote must be put on...

Chinese trade surplus shrinks, as exports sink to 3 year lows European indices [Euro Stoxx 50 -0.6%] extend losses amidst global growth concernsDxy drifts from YTD peaks awaiting US payrolls Looking ahead, highlights include US & Canadian Jobs Report, ECB's Mersch Speaking ASIAAsian equity markets were negative across board on spill-over selling from their global peers after...

Asian equity markets were negative across board on spill-over selling from their global peers after the ECB's latest policy announcement and disappointing Chinese trade dataUK PM May will urge the EU to help get her Brexit deal through House of Commons by agreeing to legally binding changes to the backstopSources reported that the ECB is said to doubt 2019 outlook was cut by enough and that President Draghi is said to have pushed for ECB stimulus packageLooking ahead, highlights include German...

Major European equities are marginally lower [Euro Stoxx 50 -0.4%] ahead of today’s ECB policy announcementEU Brexit negotiators have told UK Attorney General Cox to rework his backstop proposals and return for further talks on FridayHuawei has filed a lawsuit against the US for banning equipment from certain networksLooking ahead, highlights include ECB Rate Decision & Press Conference, Fed's Brainard, ECB's Praet,Earnings: Costco ASIAAsian...

Asian stocks were mostly lower following the negative lead from Wall Street, China wobbled after Huawei filed a lawsuit against the US governmentEU officials are reportedly pessimistic about reaching a Brexit breakthrough. Negotiators suspect that whatever they offer will not be enough to get Parliament to back PM May's Brexit dealUK PM May's Cabinet believes her Brexit deal 'will be defeated by 100 votes', Chief Whip Smith recently warned that Parliament will force a soft Brexit if deal is...

European indices are moving towards unchanged [Euro Stoxx 50 -0.1%] after a somewhat weaker startAUD underperforms, weighed on by; GDP miss, banks now expecting two rate cuts and RBA’s Lowe stating it is hard to imagine a rate hike this yearEU official states that talks did not go well, as EU/UK talks continue, after ending without agreement yesterdayLooking ahead, highlights include US ADP National Employment & International Trade, Canadian Trade Balance, BoC Rate Decision, BoE's Cunliffe,...

Asian stocks were relatively mostly higher following a muted lead from Wall Street, Nikkei 225 underperformedAUD was dealt a triple-whammy from Aussie GDP, Governor Lowe and JPM downgrading RBA rate forecastsUK and EU negotiators reached no agreement yesterday, an EU official said the talks did not go well, dialogue will continue todayLooking ahead, highlights include US ADP National Employment & International Trade, Canadian Trade Balance, BoC Rate Decision, BoE's Cunliffe, Haldane &...