Newsquawk Rundown, Daily Podcast

Choppy trade in EU stocks after mixed cue from Asia, and awaiting Wall St.’s return

DXY retests 97.000 to the upside while EUR and GBP decline on Brexit and growth woes

Looking ahead, highlights include Fed’s Mester, ECB’s Praet, Riksbanks’ Ingves Speaking & Earnings from Walmart

RECAP

EU Commission President Juncker says Trump gave his word there wouldn't be tariffs on European cars for the time being; if Trump breaks the promise, EU will...

Asian stocks were mixed as the region struggled for firm direction following yesterday’s rally and after a non-existent lead from the US

UK Brexit Minister Barclay said he had a positive meeting with EU Chief Brexit negotiator Barnier and agreed to meet again mid-week

US and China are reportedly scrambling to at least produce a memorandum of understanding by the end of today which could help pave the way for a Trump-Xi meeting

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Asian stocks kick-started the week on the front-foot as the region followed suit to last Friday’s gains on Wall St. where sentiment was buoyed by US-China trade talks

US President Trump tweeted that US-China trade talks are very productive, and progress is being made on many fronts

France and other European countries are reportedly ready to give the UK legally binding assurances that the Northern Irish backstop is temporary

Looking ahead, highlights include UK Brexit Secretary...

EU bourses reversed opening losses [Eurostoxx 50 +1.0%] amidst US-Sino trade optimism

US and Chinese officials report new progress in latest talks, ahead of further dialogue next wee

US President Trump is to deliver remarks on border at 1000EST/1500GMT

Looking ahead, highlights include, US NY Fed Manufacturing & Uni of Michigan Sentiment, US Import/Export Prices, US Industrial Production & Manufacturing Output, ECB's Coeure, Fed's Bostic...

Asian equity markets traded mostly negative following the weakness of their counterparts in US

US Congress passed the government funding and border security bill, which President Trump is expected to sign but is also anticipated to declare a national emergency

US and China are reportedly scrambling to at least produce a memorandum of understanding by the end of today which could help pave the way for a Trump-Xi meeting

UK...

Major European indices are predominantly in the green [Euro Stoxx 50 +0.4%] with CAC and SMI leading gain

DXY flirts with new YTD high but NZD outperforms

Looking ahead, highlights include US PPI & Retail Sales, Fed's Harker, Norges' Olsen, HoC Vote on PM May's Brexit Plans

EARNINGS: Coca-Cola, Duke, CME Group, Zoetis, IQVIA, Waste Management, NVIDIA

ASIA

Asian equity markets were indecisive as the momentum from Wall St, where stocks notched a...

Asian equity markets were indecisive amid Chinese trade data and as senior level US-China trade talks began in Beijing

ERG is said to have told the Chief Whip they will not back the government today unless the motion on leaving the EU was changed; Government has so far refused

Looking ahead, highlights include German GDP (Flash), EZ Employment & GDP (Flash), US PPI & Retail Sales, BoE's Vlieghe, Fed's Harker, Norges' Olsen, HoC Vote on PM...

Major European indices mostly flat-to-firmer but off best levels with the IBEX underperforming ahead of Spanish budget vote

NZD and SEK outperform after less-dovish Central Bank policy statements

Looking ahead, highlights include US CPI, Japanese GDP, ECB’s Visco, Fed's Mester, Bostic & Harker, RBNZ’s Orr Speaking

ASIA

Asian equity markets traded mostly higher with global sentiment underpinned as US government shutdown fears abated and amid increasing...

All major European indices are in the green [Euro Stoxx 50 +1.0%], continuing from the optimism seen in Asia overnight on US-China trade and the potential for averting a US government shutdown.

Greenback remains strong following reports that Lighthizer and Mnuchin have arrived in Beijing ahead of trade talks.

Looking ahead, highlights include ECB’s Lautenschlaeger, Fed’s Powell & Mester, BoE’s Carney, UK PM May Updating House of Commons on Brexit, OPEC Monthly Oil...

Asian equity markets traded mostly higher amid cautious optimism regarding US-China trade talks and hopes of averting a government shutdown

UK House of Commons leader Leadsom commented that there was no chance UK PM May will accept Labour Party’s customs union proposal

In FX, the greenback remained firm following the prior day’s strength in which the DXY rose above the 97.00 level and posted its best levels YTD

Looking ahead, highlights include ECB’s Nowotny & Lautenschlaeger,...