Newsquawk Rundown, Daily Podcast

Major European indices are moving towards negative territory, after starting the session somewhat firmer [Euro Stoxx 50 U/C]

China lowered their 2019 GDP growth target range to 6.0-6.5% vs. Prev. around 6.5%

DXY is off of its best levels, but continues to move higher and as such is outperforming its G10 counterparts

Looking ahead, highlights US Composite and Services PMI, US ISM Non-Manufacturing PMI, Fed’s Rosengren, Kashkari, Barkin, BoE’s Carney, RBA’s...

Asian stocks traded lacklustre following a disappointing lead from Wall Street. Mainland China maintained composure following the Chinese NPC announcementChina lowered its 2019 GDP growth target to the range of 6.0-6.5% from “around 6.5%” and maintained CPI target at 3.0%, both as expected, budget deficit for 2019 was set at 2.8% vs. 2.6% in 2018The RBA left its Cash Rate unchanged at 1.50% as expected. The statement was relatively mixed but the last paragraph (often seen as the most important) remained...

US and China are reportedly closing in on the final stages of a deal, according to WSJ

Major European indices are higher, continuing from a strong Asia session, albeit off of best levels

Dollar is mixed, but has recovered from US President Trump’s dollar strength comments

Looking ahead, highlights include US Construction Spending & earnings from Salesforce

TRADE

US and China are reportedly at the final stages of completing a trade deal as...

Asian equities were higher across the board amid trade-optimism, Mainland China outperformed with Shanghai Comp. above 3000

WSJ reported that US-China trade deal is at its final stages, whilst China said foreign investment laws will strengthen IP protection

1922 Committee Chairman Brady shifted his stance on PM May’s Brexit deal, EU’s Chief Negotiator Barnier said a Brexit delay is needed

In FX markets, DXY opened weaker after President Trump said the USD is “too...

Major European indicies are in the green [Euro Stoxx 50 +0.8%], following from the positive sentiment in Asia

Dollar somewhat stronger, as safe havens suffer on risk sentiment

China’s Caixin Manufacturing PMI beat expectations, but remains in contraction

Looking ahead highlights include, US Core PCE, US ISM Manufacturing PMI, Canadian GDP, Fed’s Bostic

ASIA

Asian equities started the first trading day of the month on an optimistic note, despite a...

Asian stock kicked the month off on the front foot, Nikkei 225 outperformed, Chinese Caixin Manufacturing PMI beat forecast but remained in contraction

UK Opposition Labour Party is reportedly moving towards a compromise plan which would allow PM May’s Brexit deal to pass in exchange for a 2nd referendum

In FX markets, DXY remained near post-GDP highs, AUD wobbled on China data, JPY weakened on risk appetite

Looking ahead, highlights include German Unemployment Data, EZ Manufacturing PMI...

US President Trump and North Korean Leader Kim Jong-Un failed to reach an agreement

Major European equities [Euro Stoxx 50 U/C] trim opening losses ahead of US entrance to market

Looking ahead, highlights include; US GDP & Chicago PMI, Fed’s Clarida, Bostic, Harker & Kaplan

ASIA

Asian stocks were mixed following a similar lead from Wall Street wherein the Dow and S&P fell for a second consecutive day as investors digested key testimonies from US Trade...

Asian stocks were mixed following a similar lead from Wall Street, China Manufacturing PMI contracted for a third-straight month

PM May avoided a Parliamentary showdown yesterday by agreeing to hold a vote on March 14th on whether to delay Brexit, if Parliament has rejected her deal and leaving without a deal

UK government is reportedly mulling bringing the Brexit meaningful vote forward to next week; according to rumours cited by BBC’s Chief Political Editor

In FX markets, DXY...

European equities are subdued as the risk tone deteriorates due to escalating tensions between Pakistan and India

Sterling has been boosted, with cable having surpassed 1.33 ahead of today’s amendment votes

Dollar has slipped somewhat ahead of Fed Powell testimony part 2; with yesterday’s testimony emphasising the patient stance

Looking ahead, highlights include, Canadian CPI, US Factory Orders, Fed’s Powell testifying before the House, earnings from...

Asian equities posted firm gains following a subdued lead from Wall Street, energy stocks outperformed

UK PM May said she is close to winning concessions from the EU that could persuade Eurosceptic MPs to back her deal

Brexiteer Jacob Rees-Mogg is prepared to consider other legal fixes to make sure the Irish backstop does not become permanent

FX markets are relatively quiet as the DXY roamed just above the 96.000, AUD and NZD were dented by disappointed data

Looking ahead, highlights...