Newsquawk Rundown, Daily Podcast

14th September 2018

EM comes back into focus as CBR makes a surprise 25bps hike and Erdogan takes aim at the CBRT

USDRUB falls from 68.35 to sub-68.00 and TRY trims gains in reaction to Erdogan’s comments

Looking ahead, highlights include, US retail sales, industrial production, Uni. of Michigan, Baker Hughes

ASIA

Asian equity markets traded mostly higher as the region took impetus from the US where the S&P 500 notched a 4th...

Asian equity markets were mostly positive with sentiment underpinned by hopes of a de-escalation of the trade dispute after the US invited China for trade talks

UK PM May is set to announce strict immigration controls as part of an olive branch to Brexiteers. Reports still suggest that her tenure remains under threat

Looking ahead, highlights include IEA Monthly oil report, BoE, ECB & CBRT rate decisions, US CPI, weekly jobs, supply for Italy and the...

Dark clouds clearing for UK PM May as ERG downplays overthrow but presents an alternate Brexit deal

Oil extends previous sessions gains post API’s as Hurricane Florence approaches the Carolinas

CAD extends overnight gains NAFTA nears a perfect storm on dairy access

Looking ahead, highlights include, DoEs, Fed’s Brainard & Bullard and supply from the...

European equities sold off amid reports China is to ask WTO for trade sanction authorisation vs. the US

UK Employment Report beats expectations, with Cable then volatile amidst various reports about 1.3100 barrier defence offers in decent size, stops, technical selling and even ‘fat finger’ trades

Looking ahead, highlights include US Wholesale Inventories, APIs, OPEC meeting, supply from...

Asian equity markets eventually traded mostly higher amid a similar performance in the US

In FX, EUR/USD was quiet but managed to reclaim the 1.1600 handle nonetheless and GBP/USD remained firm above 1.3000

UK Conservative Party Brexiteers are said to have failed to reach an agreement on an alternate Brexit plan

Looking ahead, highlights include, UK jobs data, German ZEW, US Wholesale Inventories, APIs, OPEC meeting, supply from...

Asian equity markets began the week mostly subdued following the lacklustre performance on Wall St last Friday after Trump doubled-down on his tariff threats against China

In FX, EUR/USD and GBP/USD contained, while AUD/USD and NZD/USD eye a test on the 0.7100 and 0.6500 levels to the downside respectively

EU are reportedly preparing to give instructions to EU Chief Brexit Negotiator Barnier to help achieve a Brexit deal. Meanwhile, Eurosceptic proposals...

BTPs strengthening on increased Italian budget confidence

European equities marginally higher with FTSE MIB outperforming; FX majors seeing choppy trade

Looking ahead the highlight is Fed’s Bostic

ASIA

Asian equity markets began the week mostly subdued following the lacklustre performance on Wall St last Friday where sentiment was dampened after Trump doubled-down on his tariff threats against...

Asian equity markets traded lower following a lacklustre lead from Wall St where continued weakness in tech and underperformance in energy dragged most US majors lower

US President Trump reportedly hinted that a trade fight with Japan could be next 

In FX markets, the DXY was flat and consolidated around the 95.00 level as the greenback traded mixed against its major counterparts ahead of today’s key US jobs data

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European equities trade slightly softer (Eurostoxx 50 -0.4%) following a negative lead from Asia

EMs continue their re-emergence ahead of key US NFP data

Looking ahead, highlights include, US & Canadian jobs reports, Baker Hughes rig count, Fed’s Rosengren, Mester, Kaplan and ECB’s de Guindos

ASIA

Asian equity markets traded negative following a lacklustre lead from Wall St where...

Asian equity markets traded mostly lower after a similar lead from US where the Nasdaq underperformed and the tech sector saw its worst performance in over a month

In FX markets, the DXY remained subdued and tested the 95.00 level to the downside. JPY firmed following the Hokkaido earthquake

Looking ahead, highlights include the Riksbank rate decision, ADP Employment Change, Durables revisions, ISM non-mfg PMI, DoEs, ECB’s Lautenschlaeger and...