Newsquawk Rundown, Daily Podcast

Asian equity markets began the week somewhat cautious on lingering trade concerns and after disunity at the APEC summit

UK PM May stated over the weekend that there has not yet been enough number of letters required to trigger a no-confidence vote

ERG sources are said to be confident of reaching the 48 letters required on Monday to trigger a no-confidence vote against UK PM May

Looking ahead, highlights include potential comments from Fed’s Williams, UK PM May to speak at the CBI...

APEC summit ended without an agreement on a joint communique for the first time in its history after China refused to sign amid US-China tensions

Apple have reportedly cut production orders for their 3 new iPhone models and are down 1.9% pre-market

DXY remains capped below a key Fib level (96.590) and the Dollar overall is mixed vs major counterparts

Looking ahead, highlights include potential comments from Fed’s Williams....

US-Chinese trade relations in focus again after conflicting reports suggesting the next round of Chinese tariffs are being placed on hold, which USTR Lighthizer later denied

UK PM May said she will see this through and fight leadership challenge. UK PM May is yet to appoint a new Brexit Minister

Looking ahead, highlights include EZ CPI, US Industrial Production, ECB’s Draghi, Weidmann and Lane, Fed’s Evans

TRADE

US and China are to step up efforts to strike...

Asian equity markets were eventually mostly higher after the region gradually shrugged off the cautious lead from the losses stateside

UK PM May confirmed she has cabinet backing for her Brexit deal and stands ready to present the deal and a statement to Parliament

There were reports that a PM May no confidence vote would be submitted today. However, questions remain over whether or not rebels would have enough votes to be successful

Looking ahead, highlights include UK and US retail...

Sterling pounded amidst multiple cabinet resignations

Gilts hit contract high, ahead of possible no-confidence vote as UK PM in Dis-May

Looking ahead, highlights include US retail sales, US weekly jobs, NY Fed mfg, Philly Fed, DoEs, ECB’s Coeure, Praet and de Guindos, Fed’s Quarles, Powell and Bostic, earnings from Walmart

ASIA

Asian equity markets were eventually mostly higher after the region gradually shrugged off the cautious lead from the losses...

Asian equities traded lacklustre following a similar performance on Wall St where the energy sector was hit by a further aggressive slide in oil prices

All eyes are now on events at 10 Downing Street as UK PM May’s cabinet meets to discuss her Brexit deal

Tensions between Italy and the European Commission remain after the nation left growth and deficit targets unchanged in its budget draft

Looking ahead, highlights include German and Eurozone flash GDP, Swedish, UK and US CPI,...

Cable wings clipped by customs concerns ahead of 14:00GMT Cabinet meeting

Source reports of a possible 1.4mln BPD oil supply cut by OPEC fails to stop the rot

Looking ahead, highlights include, UK Brexit Cabinet meeting, US CPI, Fed’s Quarles, Powell, Supply from Germany and UK cabinet to meet to discuss Brexit deal

 ASIA

Asian equities traded lacklustre following a similar performance on Wall St where the energy sector was hit by a further aggressive slide in...

Major Asian equity markets mostly followed suit to the sell-off on Wall St where tech led the declines

UK PM May said Brexit talks are now reaching their "endgame" and that both sides are working hard to reach an agreement but added that significant issues still remain

Senior ministers led by UK Brexit Secretary Raab told UK PM May no deal is preferable to the current offer from the EU, according to Buzzfeed

Looking ahead, highlights include German CPI (F), UK jobs report,...

Brexit "endgame" talk lifts Cable to a 1.29 handle as a deal hangs in the balance; Italian assets underperform ahead of budget re-submission deadline

Positive US-China trade rumblings lifting equities but oil extending losses as Presidential jawboning fails

Looking ahead, highlights include Italian Budget Resubmission Deadline, ECB’s Stournaras, de Guindos, Fed’s Brainard, Harker, Daly

ASIA

Major Asian equity markets mostly followed suit to the...

Asian equity markets eventually traded mostly positive but with gains limited as some cautiousness lingered from the uninspiring performance on Wall St last Friday

GBP/USD gapped lower towards 1.2900 after reports that UK PM May cancelled an emergency cabinet meeting which severely lessens the likelihood of an EU summit later this month

Sources suggested EU and UK negotiators had agreed it would be impossible for the UK to unilaterally exit its backstop on Northern Ireland

Looking ahead,...