Newsquawk Rundown, Daily Podcast

Risk appetite has supported EU stocks (Euro Stoxx 50 +0.8%) ahead of crucial trade talks this week

DXY gains more ground, eyeing YTD highs and then the 97.000 mark

Bipartisan talks over the weekend regarding funding for the border wall is said to have reached a stalemate ahead of this week’s government shutdown deadline

Looking ahead, highlights include Canadian Trade Balance, Fed’s Bowman

ASIA

Asia equity markets began the week mixed following the...

Asian equity markets began the week mixed following the similar performance of their US peers on Friday and ahead of US-China trade talks

UK PM May has agreed to talks with Labour leader Corbyn regarding a soft Brexit according to The Telegraph; later reports suggest she has rejected this potential pivot

CHF saw volatility overnight amid a mini ‘flash-crash’ which saw the currency weaken by 1% which some attributed to stops being taken out amid...

Major European equities are mostly idling, but auto names briefly reversed on reports that US are considering 3 potential car tariff options

DXY remains above 96.500, while Aussie slumped on RBA’s SOMP

Looking ahead, highlights include Canadian Employment Data & Fed's Daly Speaking

EARNINGS: Exelon Corp, Ventas, Phillips 66

ASIA

Asian stocks traded negative with global risk appetite subdued by growth concerns and after trade-related fears...

Asian stocks traded negatively with global risk appetite subdued by growth concerns and after trade-related fears resurfaced

US President Trump said he will not meet Chinese President Xi before the March 1st deadline

UK PM May has approached Labour MPs to table an amendment guaranteeing that the UK will match EU workers’ rights post-Brexit

Looking ahead, highlights include German Trade Balance, Norwegian GDP, French &...

Major European equities extended losses [Euro Stoxx 50 -0.8%] as the risk-averse sentiment intensified following the European Commission’s cut to Eurozone GDP and inflation

DXY advances further above 96.500 while EUR/USD and GBP/USD fell below 1.1350 and 1.2900 respectively

Looking ahead, highlights include BoE Rate Decision, Press Conference & QIR, US Initial Jobless Claims, Fed's Kaplan & Clarida, UK PM May meeting European Council President Tusk, US Auction

...

Asian equity markets were somewhat mixed with the region cautious following the subdued performance on Wall St

UK Parliament is now said to be planning a 2nd Brexit vote at the end of the month, ministers believe an extension of Article 50 is now inevitable

In FX markets, the DXY stayed firm and held near 2-week highs as its counterparts languished. NZD/USD heavily pressured on poor employment data

Looking ahead, highlights...

Major EU equities in the red [Euro Stoxx 50 -0.2%], but IT outperforms sector-wise

DXY extends gains above 96.000 while AUD underperforms on dovish Lowe, EUR dipped on German factory orders

Looking ahead, highlights include US International Trade, EIA Inventories, Brazilian Rate Decision, Fed Chair Powell, Fed’s Quarles and BoC’s Lane, US 10yr Note Auction

EARNINGS: Prudential Financial, Chipotle, General Motors, GlaxoSmithKline

ASIA

Asian equity...

Asian equity markets traded tentatively with most bourses in the region closed for holidays

UK ministers are reportedly considering a plan that would delay Brexit to May 24th

US President Trump delivered the State of the Union Address which focused on the economy, the border wall and trade talks

Looking ahead, highlights include US International Trade, Retail Sales, EIA Inventories, Brazilian Rate Decision, Fed Chair Powell,...

Major European indices extend on opening gains and are firmly in positive territory with Britain’s FTSE 100 (+1.4%) led by oil and mining giants

EUR and GBP are both on the back foot vs the Dollar and inching closer towards downside big figures at 1.1400 and 1.3000 respectively

Looking ahead, highlights include Canadian Trade, US ISM Non-Manufacturing PMI, APIs and US 3yr Note Auction

EARNINGS: Anadarko Petroleum, Archer...

Asia-Pac equity markets found some early support from the tech-led gains on Wall St, although later turned somewhat mixed

EU’s top official offered Britain a legal guarantee that it would not be trapped by the Irish backstop last night but was swiftly rejected by Brexiteer MPs

RBA kept rates unchanged at 1.50% as expected with the announcement interpreted as less dovish than some had expected

Looking ahead, highlights...