Newsquawk Rundown, Daily Podcast

Major European indices are all in the green with Italian banks supporting the FTSE MIB

EUR has been encouraged by Italy escaping a deeper rating cut by Moody’s to stay one rung above junk

Looking ahead, today's calendar sees a lack of Tier 1 data

ASIA

Asian equity markets traded mostly higher as a rally in Chinese stocks helped most the regional bourses shrug-off the cautious open. ASX 200 (-0.58%) and Nikkei 225 (+0.37%) were both initially lower with Australia...

Asian equity markets were mostly lower following a resumption of the tech-led losses on Wall St

In FX markets, the greenback remained firm in which the DXY eyed the 96.00 level to the upside as it sustained the post-FOMC minutes support

EU Commission told Italy in a letter that its 2019 budget is a serious and particularly non-compliant proposal with EU rules

Looking ahead, highlights include Canadian CPI, US Existing Home Sales, Baker Hughes Rig Count, BoE’s Carney, Fed’s...

19th October 2018

Major European indices are mostly lower with Italian banks adversely affected by the EU Commission’s response to the Italian budget

Dollar remains relatively well bid overall, albeit off best levels as the index straddles 96.000

Looking ahead, highlights include, Canadian CPI and Retail sales, US Existing Home Sales, Baker Hughes Rig Count, BoE’s Carney, Fed’s Bostic and Kaplan

ASIA

Asian equity markets were mostly lower following a resumption...

Asian equity markets were downbeat following a lacklustre lead from Wall St where momentum in US stocks stalled as markets focused on mixed earnings and the FOMC minutes

USD remained firmer overnight after the FOMC minutes stated that further gradual rate hikes would be consistent with a sustained economic expansion

UK PM May said we have solved most issues but the Northern Ireland backstop remains a problem. Reports suggest May is considering extending the Brexit period

Looking ahead,...

European equities are mixed as the region failed to benefit from a slew of earnings

Dollar index has failed to extend recovery gains beyond near term technical resistance around 95.790 and has drifted back towards 95.500

Looking ahead, highlights include, Philly Fed, Fed’s Bullard, Fed’s Quarles, EU leaders’ summit

ASIA

Asian equity markets were downbeat following a lacklustre lead from Wall St where momentum in US stocks stalled as markets focused on mixed earnings and...

Major European bourses are mixed with Germany’s DAX underperforming; European auto sector lower is by over a percent

Softer than forecast UK CPI has undermined Sterling in the run up to Wednesday’s EU summit on Brexit and pre-dinner speech by PM May

Looking ahead, highlights include US building permits and housing starts, DoEs, FOMC minutes, BoE’s Cunliffe, ECB’s Praet, Fed’s Brainard, BoE’s Broadbent, EU Leaders Summit and a slew of large cap...

Asia-Pac equity markets were higher across the board as the region got a tailwind from the earnings-fuelled momentum in the US

The FX space was quiet overnight amid a lack of tier-1 data and as currency markets consolidated from the prior day’s price action

EU is open to extending Brexit transition by another year if UK PM May accepts a ‘two-tier’ backstop to avert a border in Northern Ireland

Looking ahead, highlights include UK and EZ inflation, US building permits...

Asian equity markets partially shrugged-off the tech-led losses on Wall St and traded mostly higher as focus shifted on earnings updates

In FX markets, most major pairs were quiet as the DXY consolidated following yesterday’s pressure in which it just about held above 95.00

European Council President Tusk said Brexit is more complicated than expected and that EU must prepare for no-deal scenario

Looking ahead, highlights include UK labour market report, German ZEW, US industrial...

ASIA

Asian equity markets partially shrugged-off the tech-led losses on Wall St and traded mostly higher as focus shifted on earnings updates. ASX 200 (+0.6%) was led by mining names after the recent strength in gold prices and with Rio Tinto shares supported following its Q3 production update in which iron ore shipments declined Y/Y but the Co. affirmed FY18 shipments at the upper end of its guidance range. Elsewhere, Nikkei 225 (+1.3%) and Japanese exporters coat-tailed on favourable currency moves, while Shanghai...

Asian equity markets resumed last week’s stock rout as the region failed to take impetus from Friday’s rebound on Wall St

UK and EU negotiators called for a pause in discussions until Wednesday's summit outcome after UK PM May refused to endorse a draft Brexit deal negotiated by officials

In FX markets, the DXY was slightly firmer and continued its rebound from support at the 95.00 level while GBP/USD tested 1.3100 to the downside

Looking ahead, highlights include US...