• Mixed reports that US President Trump is to exit NATO after the Chinese Commerce Ministry rubbished suggestions that there had been contact with the US on trade
• Choppy trade in equities while commodities find some relief after sharp losses in Wednesday’s trade
• Looking ahead, highlights include, ECB minutes, US CPI, weekly jobs figures, supply from the US

ASIA

Asian equity markets shrugged off the energy-led declines in US and traded higher across the board with...

• Asian equity markets shrugged off the energy-led declines in US and traded higher across the board
• FX markets were flat overnight amid a lack of tier-1 data releases, which kept the DXY at the prior session’s highs
• Looking ahead, highlights include Riksbank and ECB minutes, US CPI, weekly jobs figures, supply from Italy and the US

ASIA

Asian equity markets shrugged off the energy-led declines in US and traded higher across the board with short...

• US begins the process for installing 10% tariffs on USD 200bln of Chinese imports
• European equities hit and investors ditch high-beta currencies as risk-off tone returns
• Looking ahead, highlights include, US PPI, DoEs, BoC rate decision, supply from Germany and the US, ECB’s Mersch, BoE’s Carney, BoC’s Poloz and Fed’s Williams

TRADE

US Trade Representative Lighthizer announced US will impose tariffs of 10% on additional USD 200bln...

• US Trade Representative Lighthizer announced US will impose tariffs of 10% on additional USD 200bln of goods from China
• Asian stocks slumped across the board. The risk averse tone spurred flows into safe-haven JPY which briefly dragged USD/JPY below the 111.00 handle
• Looking ahead, highlights include US PPI, DoEs, BoC rate decision, supply from Germany and the US, ECB’s Draghi, Villeroy, Praet, Mersch, BoE’s Carney, BoC’s Poloz and Fed’s...

• Limited reaction seen across asset classes as China/US tariffs are imposed ahead of NFP
• Reports of JP Morgan taking a stake in Deutsche Bank refuted
• Looking ahead, highlights include US NFP, US trade, Canadian jobs, Baker Hughes

ASIA

Asian stocks traded higher after the positive momentum from Wall St’s best performance in over a month followed through to Asia. ASX 200 (+0.9%) and Nikkei 225 (+1.1%) were positive as both indices took impetus from...

• FOMC Minutes noted concern on trade policy risks but didn’t suggest anything that would likely swerve the Fed from its hiking path
• UK PM May is to unveil plans that involve UK agreeing to a formal treaty with EU post-Brexit that will tie the UK to Brussels rules on goods
• Looking ahead, highlights include US NFP, US trade, Canadian jobs, Baker Hughes

FOMC MINUTES

Most Fed policymakers said trade policy risks has intensified and were concerning, while...

• European equities positive as auto names drive gains, on suggestions that US is ready to give car tariffs a break
• UK markets react to an upbeat Carney after the BoE chief suggests Q1 softness was largely due to weather
• Looking ahead, highlights include, US ADP, ISM non-MFG, DOEs, FOMC minutes, and ECB’s Weidmann and Mersch

ASIA

Asian equity markets were cautious from the open ahead of this week’s key risk events and following the US holiday...

• Asian equity markets were cautious from the open with sentiment later deteriorating as focus turned to the looming July 6th tariffs
• UK Brexit Secretary Davis has written to PM May in a last-ditch attempt to warn her that her Brexit plan to be presented at Chequers is unworkable
• Looking ahead, highlights include US ADP, ISM non-MFG, DOEs, FOMC minutes, supply from Spain and France and a slew of speakers

ASIA

Asian equity markets were cautious from the open...

• Asian shares traded lower, led by Chinese markets
• USD mostly lower; USD/CNY steadies despite weaker fix amid reports Chinese state banks were selling USD
• Looking ahead, highlights include PMIs from Europe and the UK; US markets closed for Independence Day

ASIA

Asia stocks traded lower following a subdued lead from the holiday-shortened US session, where all majors finished in the red and tech underperformed as Micron shares tumbled almost 7% after losing...

• Asian stocks traded mixed as the region failed to take full advantage of the tail wind from the tech-led recovery on Wall St
• In FX, DXY remained firm overnight, RBA was a non-event for AUD, USD/CNH higher by over 4 points after the PBoC set the weakest fix since August last year
• Looking ahead, highlights include Riksbank rate decision, UK construction PMI, US factory orders, APIs, ECB’s Praet

ASIA

Asian stocks traded mixed as the region failed to...

• Asian stocks traded mixed as the region failed to take full advantage of the tail wind from the tech-led recovery on Wall St
• In FX, DXY remained firm overnight, RBA was a non-event for AUD, USD/CNH higher by over 4 points after the PBoC set the weakest fix since August last year
• Looking ahead, highlights include Riksbank rate decision, UK construction PMI, US factory orders, APIs, ECB’s Praet

ASIA

Asian stocks traded mixed as the region failed to...

• Risk tone soured in Europe as US tariffs concerns and German political instability lead all equity markets into negative territory
• US President Trump said he spoke to Saudi Arabia’s King Salman on raising production by as much as 2mln barrels and that prices were too high, which the Saudi ruler agreed with
• Looking ahead, highlights include, US mfg PMIs, US construction spending, ISM manufacturing and ECB’s Praet

ASIA

Asian equity markets began...

• Asian equity markets began H2 indecisively with the region constrained by disappointing data releases including Chinese Official & Caixin Manufacturing PMIs
• EUR/USD hampered after CSU party leader Seehofer offered to resign amid the migration dispute
• Looking ahead, highlights include Eurozone, UK and US mfg PMIs, US construction spending, ISM manufacturing and ECB’s Praet

ASIA

Asian equity markets began H2 indecisive with the region constrained...

• EU sentiment rebounds with equities all in the green as a deal is reached on migrants
• Positive UK GDP figure give GBP a lift
• Looking ahead, highlights include, US PCE, Canadian GDP, Chicago PMI, EU summit

ASIA 
Asian stocks initially struggled for direction and traded mixed for most the session with the ASX 200 (-0.3%) and Nikkei 225 (+0.1%) contained on month-, quarter- and half-year end rebalancing, while better than expected Industrial Production and a...

• Asian stocks initially struggled for direction before seeing a mild uplift after EU leaders reached an agreement on migration
• EUR/USD reclaimed the 1.1600 handle with most other majors benefitting from subsequent USD softness
• Looking ahead, highlights include German jobs, UK GDP (Q1), EZ CPI, US PCE, Canadian GDP, Chicago PMI, EU summit

ASIA

Asian stocks initially struggled for direction and traded mixed for most the session with the ASX 200 (+0.1%) and...

• European equities are lower across the board (Eurostoxx 50 -0.4%) as trade tensions continue to weigh on sentiment
• DXY remains above 95.00 in European trade after an early bout of strength (now off best-levels)
• Looking ahead, highlights include German national CPI, US GDP (F), weekly jobs, EU summit, BoE’s Haldane, US 7yr note auction

ASIA

Asian equity markets traded somewhat indecisive following the headwinds from Wall St where all major indices...

• Asian equity markets traded somewhat indecisively after White House economic adviser Kudlow rejected the perception that Trump was softening his stance on China
• Chinese stocks later recovered amid pre-emptive trade measures including a further devaluation of the CNY and adjustments on tariffs for some imports from other Asia-Pac nations
• Looking ahead, highlights include regional and national German CPIs, US GDP (F), weekly jobs, EU summit, BoE’s Haldane, US 7yr...

• Equity bourses initially negative and around multi month lows as US trade concerns filter through to Europe
• Positive commentary from US Defence Secretary Mattis softens the blow, as President Xi talks have been “very, very” good
• Looking ahead, highlights include, US durables, US advanced goods trade, DoEs, RBNZ, Fed’s Quarles, Rosengren, US 5yr Note auction

ASIA

Asian equity markets were negative with the region cautious as trade...

• Trade concerns saw a slight moderation after US President Trump suggested he would ease off on demands for new tight restrictions regarding Chinese investments
• Asian equity markets remained cautious. In FX, USD, EUR and GBP were quiet overnight with the greenback holding onto the prior day’s advances
• Looking ahead, highlights include US durables, US advanced goods trade, DoEs, RBNZ, Fed’s Quarles, Rosengren, US 5yr Note auction

ASIA

Asian...

• Asian stocks were negative across the board amid trade-inspired spill-over selling from the US
• US Treasury Secretary Mnuchin suggested investment restrictions were not just specific to China but to all countries trying to steal US technology
• White House Trade Advisor Navarro provided momentary relief as he stated the US has no plans to impose investment restrictions but will defend itself against threats
• Looking ahead, highlights include US CaseShiller, Richmond Fed, NZ trade,...

• Asian equity markets began the week mixed as the region digested a targeted RRR reduction by the PBoC and reports the US is planning new restrictions on China
• US President Trump is said to be planning new restrictions on tech exports to China and Chinese investment with an announcement expected by end of the week
• Looking ahead, highlights include German IFO

TRADE

US President Trump is said to be planning new restrictions on tech exports to China and...

• Asian stocks mixed; DJIA closed lower for 8th consecutive trading session
• WTI and Brent crude higher amid uncertainty ahead of today’s OPEC meeting
• Looking ahead, highlights include Eurozone PMIs, Canadian CPI, and the OPEC meeting

ASIA

Asia stocks were somewhat mixed with the region cautious as trade concerns lingered and following a weak lead from Wall St where all major US indices closed negative and the DJIA declined for an 8th consecutive day...

• Asian equity markets mixed; China underperforms as trade fears linger
• FX markets quiet with DXY holding above 95.00; NZD soft as growth slows
• Looking ahead, highlights include rate decisions from BoE, SNB and Norges Bank

ASIA

Asia traded mixed although were initially mostly higher following a similar showing on Wall St where most major indices finished positive in which the Nasdaq Comp. and Russell 2000 rose to fresh record highs, while the DJIA lagged...

• Asian shares mostly higher as stocks take a breather following Tuesday’s decline
• FX price action relatively uneventful but USD/JPY reclaims 110.00
• Looking ahead, highlights include US existing home sales and a panel discussion with Fed’s Powell, ECB’s Draghi, BoJ’s Kuroda & RBA’s Lowe

ASIA

Asia stocks traded mixed as the region attempted to compose itself from the prior day’s sell-off and after some late reprieve on...

• Trump targets USD 200bln in fresh China tariffs; China says to fight back firmly
• Asia-Pac equity markets were mostly lower amid a further escalation of trade tensions
• Looking ahead, highlights include speeches from ECB’s Draghi, Praet, Lane and Fed’s Bullard

TRADE TARIFFS

US President Trump asked the US Trade Representative to identify USD 200bln in Chinese goods for further tariffs of 10% which will be imposed if China refuses to change its...