Newsquawk Rundown, Daily Podcast

European equities are mixed after having initially opening higher across the board, DAX underperforms while FTSE 100 is buoyed by a weaker GBP

DXY has extended recovery gains beyond 97.000 and through its previous ytd peak to top out just shy of 97.600

Looking ahead, the calendar includes a lack of tier 1 data, ECB’s Lautenschlaeger, Fed’s Daly. US Veteran’s Day – no market closures

 ASIA

Asian equity markets eventually traded...

Fed kept Federal Funds Rate target unchanged at 2.00-2.25% as expected and continued to point to “further gradual increases” in rates

Asian equity markets traded lower following a lacklustre lead from Wall St where the mid-term stock rally stalled

EU is said to want a customs border in the Irish Sea in the event of a no-deal Brexit. However, the report noted that PM May said she would never allow this to occur

Looking ahead, highlights include UK GDP, industrial and...

Major European equities are lower across the board (Eurostoxx 50 -0.8%) as the sentiment seen in Asia spills over onto the region

WTI and Brent lost the USD 60/bbl and USD 70/bbl handles respectively, after the complex entered into bear market territory

GBP has lost momentum and is underperforming alongside the NOK within the G10 ranks

Looking ahead, highlights include US PPI, Baker Hughes, Fed’s Williams, Harker, Quarles, BoE’s Haldane, Tria to meet with...

Major European indices are mixed (Eurostoxx 50 -0.2%) after starting the session in positive territory, financials outperform while consumer discretionary names la

The dollar index is holding relatively firm above the 96.000 handle within a fairly confined range awaiting the Fed, while GBPUSD is choppy amid conflicting Brexit reports

Looking ahead, highlights include US weekly jobs, FOMC rate decision, ECB’s Coeure, Draghi and...

Asian stocks were mostly higher as they took impetus from the post-election rally seen on Wall St where all majors gained at least 2%

EU Commission see Italian budget measures leading to a deficit/GDP ratio of 2.9% vs. the Italian government's view of 2.4%, according to sources

FX markets calmed overnight in which the greenback consolidated at session highs above the 96.00 level after the prior day’s post-election rebound

Looking ahead, highlights include German trade, US...

Democrats are projected to take control of the House after having gained an estimated 26 seats, while the Republicans are projected to have picked up a net 4 seats at the Senate

A strong start for the Democrats initially weighed on US equity futures, although stock futures then recovered after further results and projections trickled in which suggested the unlikelihood of a Blue Tsunami

EUR/USD and GBP/USD whipsawed overnight but head into the European session with mild gains at the expense of a...

Democrats have taken control of the House, while the Republicans retain control of the Senate, as expected

European equities are positive across the board as investors digest the consequences of a split Congress, with US equity futures edging higher

DXY lost the 96.00 handle as currency markets factor in the prospect of policy protraction and a more difficult passage for President Trump’s fiscal agenda through a divided Congress

Looking ahead, highlights include weekly DoE crude...

Asian equity markets were mixed as weakness in China clouded over the mostly positive lead from US where the DJIA and S&P 500 closed higher

EU is reportedly to offer a compromise regarding the Irish border in which Britain could end the temporary customs arrangement

However, reports also suggest that UK PM May reportedly faces a Cabinet showdown with Brexit Secretary Raab who is said to have been undermined on the Irish backstop plan

Italy Finance Minister Tria signalled to euro zone...

Major European indices are mostly in the red (Eurostoxx 50 -0.4%) with outperformance in Switzerland’s benchmark

The greenback is trading cautiously ahead of today’s US mid-term elections, with the DXY hovering just above 96.200

Looking ahead, highlights include US JOLTS, APIs, ECB’s Lautenschlaeger, de Guindos, US mid-term elections

ASIA

Asian equity markets were mixed as weakness in China clouded over the mostly positive lead from US...

Asian equity markets began the week with a negative tone following last Friday’s losses on Wall St after US-China trade hopes were tempered by pessimism from NEC’s Kudlow

UK PM May secured private concessions from Brussels that will keep Britain in a customs union and avoid a hard border, according to reports; later denied

In FX markets, the DXY was relatively flat and held on to most of Friday’s NFP-inspired rebound with EUR/USD contained below the 1.1400 handle

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