Asian stocks drowned in a sea of red following the battered lead from Wall St. after the Dow and S&P notched their biggest one-day drop since early February
Traders cited concerns over prospective earnings (luxury stocks hit yesterday), ongoing trade worries, higher yield environment, whilst some (including Trump and Mnuchin) suggested a mild correction was overdue
UK and EU have reportedly reached an agreement in principle on an all-UK backstop plan, according to sources
European stocks taking the lead from US and Asia with significant losses; Stoxx 600 at lowest in 20 months
Mixed reports on an all-UK agreed backstop, with sources suggesting PM May is to ask her cabinet for approval today
Looking ahead, highlights include, US CPI, US weekly jobs and DoEs
ASIA
Asian stocks drowned in a sea of red following the battered lead from Wall St. amid a sell-off in tech stocks where the sector posted its worst day since 2011. Dow and S&P notched their biggest...
Asia-Pacific equities traded mixed as the region mimicked the lead from Wall St. where the S&P notched its fourth day of losses while the Nasdaq snapped its three-day losing streak
EU and the UK have made progress in Brexit talks, divorce terms could be settled by Monday, according to reports
Looking ahead, highlights include Norwegian CPI, UK GDP and production, US PPI, Wholesale Inventories, APIs, ECB’s Mersch, BoE’s Haldane, Fed’s Evans and...
Latest reports suggesting progress towards a Brexit deal support a GDP-flippant GBP
European indices largely in the red as focus remains on Italy amidst more budget parliamentary testimonies
Looking ahead, highlights include, US PPI, Wholesale Inventories, APIs, Fed’s Evans and Bostic
ASIA
Asia-Pacific equities traded mixed as the region mimicked the lead from Wall St. where the S&P notched its fourth day of losses while the Nasdaq snapped its three-day losing streak. The Dow...
Asia-Pacific stocks traded mixed as the region followed a similar picture painted on Wall St
FX markets were choppy as the greenback eased to print fresh intraday lows with EUR/USD and GBP/USD testing 1.1500 and 1.3100 to the upside
FT reports, US Officials warned China that Trump will not engage in trade talks with Chinese President Xi at the G20 summit if China does not produce a detailed list of concessions
Looking ahead, highlights include German trade, ECB’s Mersch, Fed’s Kaplan,...
Asian stocks traded on the backfoot as the region mimicked the lead from Wall St. where the S&P 500 posted its worst week in nearly a month
The Telegraph reports The EU is preparing to offer Theresa May a “supercharged” free trade deal this week but will reject Mrs May’s demands for frictionless tradee
The Telegraph also reports that Brexiteers offered UK PM May a lifeline that will see EU officials based at UK borders
Brazilian far-right candidate Bolsonaro won the first...
5 min
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