Newsquawk Rundown, Daily Podcast

European equities trade mixed with outperformance in the FTSE MIB again

Markets gear up for an announcement as public consultation ends for USD 200bln worth of Chinese goods

SEK is the main G10 mover and loser as the Riksbank rolled back its rate hike path and ruled out October

Looking ahead, highlights include ADP Employment Change, Initial jobless claims, Durables revisions, ISM nonmfg PMI, DoEs, ECB’s Lautenschlaeger and...

Asian equity markets traded lower across the board after the Labor Day hangover on Wall St amid ongoing trade uncertainty

In FX markets, the greenback was relatively flat with price action subdued as its major counterparts attempted to nurse losses

EU's Barnier has deemed PM May's Chequers plan as unacceptable. Separate reports suggest the EU could adjust the Irish border backstop to win UK's approval in Brexit negotiations

Looking ahead, highlights include EZ, UK services...

European equities trade on the backfoot (with the exception of the FTSE MIB) as the Eurostoxx 50 index falls over 1%

DXY remains firmly above recent near 95.000 lows and mainly towards the top of today’s range, with broad gains vs almost all rivals

Looking ahead, highlights include US & Canadian Trade, BoC rate decision, weekly API inventories, Fed’s Bullard, Kashkari, Bostic and Williams

ASIA

Asian equity markets traded lower across the...

Asian equities were choppy with the region indecisive as trade-related concerns lingered and after a non-existent lead from the US

In FX, the greenback was slightly firmer overnight. AUD was initially pressured by a wider than expected Current Account Deficit, but later found support following the RBA rate decision

Rees-Mogg claims that he and Barnier, bonded in a meeting over their shared view that May’s Chequers plan is “complete rubbish”.

Looking ahead, highlights...

European equities trade mostly lower (Eurostoxx 50 -0.8%), with the core bourses unwinding gains and plunging into the red following a positive open

A firm rebound in the DXY to almost 95.600 with ZAR hit even harder following an unexpected SA GDP contraction that means technical recession

Looking ahead, highlights include ISM manufacturing, BoE’s Carney, Haldane, Tenreyro and Saunders, ECB’s Nowotny

WEEKEND HEADLINES FOR US PARTICIPANTS

US...

Asian equity markets traded mostly lower with the region cautious heading into an event-packed week

This followed a lack of breakthrough in last week’s NAFTA related talks between US and Canada. Additionally, the public comment period for the proposed US tariffs on a further USD 200bln of Chinese goods is set to expire by Thursday

GBP/USD was pressured and briefly fell below the 1.2900 handle on Brexit-related discord with EU’s Barnier said to...

Asian equities broadly lower with Trump on the warpath amid reports he is to back additional Chinese tariffs, reject the EU’s auto proposals and once again threatens WTO membership

Losses in most the Asia-Pac region have been stemmed as participants also digested a trifecta of encouraging China PMI data

Looking ahead, highlights include EZ CPI, unemployment rate, Chicago PMI, ECB’s Nowotny and de Guindos

ASIA

Asian equity markets traded mostly...

EU bourses have extended opening losses (Eurostoxx 50 -1.1%) heading into month end as Trump’s trade feuds with the China, EU and Canada sways sentiment

Major FX pairs are relatively contained. EUR unfazed by soft EZ CPI, GBP awaits Brexit updates and EM once again in focus

Looking ahead, highlights include Chicago PMI, ECB’s Nowotny and de Guindos

ASIA

Asian equity markets traded mostly lower with sentiment weighed as trade war fears were...

Asian equity markets traded mixed as the initial impetus from Wall St was eventually clouded by weakness in China

In FX, EUR/USD is testing the 1.1700 handle and with GBP/USD at a 3-week high above 1.3000

Looking ahead, highlights include German state and national CPIs, German unemployment rate, US PCE price index, Canadian GDP, ECB’s Weidmann to speak and supply from Italy

ASIA

Asian equity markets traded mixed as the initial impetus from Wall St...

European equities are largely on the backfoot (Eurostoxx 50 -0.7%) with underperformance in Germany’s DAX

In FX, the EUR has retreated after another rally above 1.1700 vs the Greenback on broadly benign German state CPI and Spanish inflation data

Looking ahead, highlights include German national CPI, US PCE price index, Canadian GDP and ECB’s Weidmann

ASIA

Asian equity markets traded mixed as the initial impetus from Wall St where the S&P...