Newsquawk Rundown, Daily Podcast

Pound outperforms as anticipation builds around PM May removing Brexit no-deal from the table

Major European equities are in the red as risk sentiment faded in the Asia session; Dow constituant Home Depot missed on their top and bottom lines

Looking ahead, highlights include US Building Permits & Housing Starts. US Consumer Confidence, Fed Discount Rate Minutes, Fed’s Powell testifying before the Senate, US Auctions & earnings from Macy's

ASIA

Asian stocks traded mostly...

Asian stocks traded mostly lower following an uninspiring lead from Wall Street, Mainland China swung between gains and losses

UK PM May is considering a plan to postpone Brexit which she will be discussing with her Cabinet ahead of a Parliamentary announcement

UK PM May is said to propose formally ruling out a no-deal Brexit but still wants to keep the option of no-deal alive for later in the year after any potential extension to Article 50

In FX markets, DXY was choppy within a...

US President Trump’s announcement of a China tariff extension spurs markets into risk on trade

GBP shrugs off UK PM May delaying meaningful vote again, with suggestions abound of an extension to Article 50

Looking ahead, highlights include US National Activity Index and US 2yr, 5yr note auctions

TRADE

US President Trump said he will be delaying the deadline for the China tariff hike, and assuming US and China make additional progress, he will be planning a Summit...

US President Trump announced an extension to the March 1st trade deadline whilst citing substantial progress on key issues

UK PM May is reportedly considering delaying Brexit by two months, whilst EU are said to be mulling a proposal for a Brexit delay until 2021

UK PM May confirmed a meaningful vote will not take place this week, MPs will get to vote by March 12th

Asian stocks started the week with modest gains following a strong lead from Wall Street, Mainland China outperformed on...

All quiet on the western front ahead of US President Trump’s scheduled talks with Chinese Vice-Premier Liu He at at 1430EST

Clouds clear downunder for the AUD as Aussie-Dailan coal import story categorically denied

UK Official notes that it is very unlikely a Brexit deal will be voted on next week

Looking ahead, highlights include, Canadian Retail Sales, Fed's Bostic, Williams, Daly, Clarida, Bullard & Harker, ECB's Draghi &...

Asian stocks were mixed following the weak lead from their peers on Wall St. where all US major indices declined and the Nasdaq snapped its 8-day win streak

US President Trump is expected to meet with China Vice Premier Liu He today at 1430EST

As many as 25 UK government members are ready to vote for a Brexit delay unless UK PM May rules out a "no-deal"

EU expects PM May to be forced to request a 3-month extension to...

Mixed trade for European stocks [Euro Stoxx 50 +0.1%] despite a firmer Asia trade

Aussie and Kiwi remain the underperformers while GBP gave up gains on Brexit impasse

Looking ahead, highlights include ECB Minutes, US Durable Goods & Existing Home Sales, US Philly Fed Business Index, ECB’s Praet, BoE’s Haldane, Fed’s Bostic & BoC’s Poloz

Earnings: Kraft-Heinz

ASIA

Asian equity markets eventually traded mostly higher with the...

FOMC minutes stated that almost all Fed officials wanted to halt the balance sheet run-off later this year, whilst several officials see a 2019 rate hike if the economy remains on track

US and China are drafting 6 MOUs on key structural issues which will cover IP, property, services, tech transfer, agriculture, currency and non-tariff barriers

EU reportedly wants proof that UK MPs are willing to back revised deal before EU leaders sign off on deal...

Major indices in Europe have somewhat waned off earlier highs [Euro Stoxx 50 +0.1%] following a relatively indecisive Asia-Pac session

UK Tory MPs Heidi Allen, Anna Soubry and Sarah Wollaston have resigned from the Conservative Party and joined the Independent Group

The greenback has regained some poise after yesterday’s relatively pronounced downturn ahead of the FOMC minutes later today

Looking ahead, highlights include EZ Consumer Confidence, FOMC Minutes, Fed’s Kaplan,...

Asian stocks traded somewhat indecisively following the cautious gains seen on Wall St. ahead of upcoming risk events

UK PM May is considering plans to bring forward the meaningful vote on Brexit deal to next week in an effort to ward off the threat of resignations by pro-European MPs

US President Trump said China talks are going well but are complex and that March 1 deadline is not a magical date

Looking ahead, highlights...