28 Oct 2019, 06:57 by Newsquawk Desk
- Asian equity markets began the week with a positive tone amid trade hopes after China signalled that a partial agreement may be within reach
- EU is reportedly preparing to allow a 3-month Brexit extension to January 31st 2020 with an option to leave earlier
- UK’s Liberal Democratic party have drawn up a bill which would fix an election for December 9th, SNP are said to back the bill
- In FX, DXY traded relatively stable, GBP/USD was subdued,...
25 Oct 2019, 11:38 by Newsquawk Desk
- European bourses are mixed but overall slightly subdued in what has been a quiet session thus far
- Chinese Foreign Ministry state they are extremely indignant about, and oppose, the speech by VP Pence
- FX complex is little changed overall with the USD slightly mixed and GBP softer as election talk increases
- Looking ahead, highlights include US Baker Hughes
- Earnings: Verizon Communications, Phillips 66, Charter Communications, Royal Caribbean, Aon,...
25 Oct 2019, 06:55 by Newsquawk Desk
- Asian equities traded mixed with a lack of conviction amid the absence of any firm macro drivers and as earnings releases remained centre stage
- US Vice President Pence suggested the US will continue to seek better relations with China
- UK PM Johnson is calling for an election on December 12th under the Fixed Term Parliament Act
- UK opposition party Labour is to reject PM Johnson’s offer until a no-deal Brexit is taken off the table
- Looking ahead, highlights include German Consumer Sentiment...
24 Oct 2019, 11:41 by Newsquawk Desk
- European equities are firmer this morning after a choppy session following Flash PMIs
- Riksbank and Norges Bank left rates unchanged as expected; Riksbank maintained December hiking bias – as such Scandi’s are firmer
- UK PM Johnson reportedly faces increasing revolt from within his party over the threat of holding an election before delivering the Brexit
- Looking ahead highlights include, US Durables, Initial Jobless Claims and Markit PMIs, ECB, and CBRT policy decisions, ECB’s Draghi, US 7yr...
24 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded mixed after having failed to fully sustain the positive lead from Wall St with global markets heavily focused on earnings releases
- UK PM Johnson reportedly faces increasing revolt from within his party over the threat of holding an election before delivering the Brexit
- EU Diplomats are to discuss the UK's extension on Friday and say that an extension until 31 January is most likely
- US President Trump said Turkey told the US that they will make the ceasefire permanent and...
23 Oct 2019, 11:56 by Newsquawk Desk
- European bourses are mixed as sentiment remains tentative, although they have been grinding higher throughout the session
- EU could respond as soon as today to the UK’s Brexit extension request, France pusing to wait until Friday
- Russian Energy Minister Novak says he has no information regarding possible discussions on deeper oil production cuts at the OPEC+ December meeting
- In FX, the DXY is modestly firmer with G10 counterparts flat/slightly subdued in comparison
- Looking ahead, highlights...
23 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded lacklustre as the region took its cue from the losses on Wall St where sentiment was dampened by further Brexit uncertainty
- UK Government won the vote on the second reading of the WAB by 329 to 299 votes but lost the vote for the programme motion by 308-322
- EU’s Tusk said he will recommend the EU27 accept UK request for an extension to avoid a no-deal Brexit
- US Commerce Secretary Ross is looking to negotiations with EU to ease trade dispute and is said to have floated new...
22 Oct 2019, 12:08 by Newsquawk Desk
- European equities are choppy, sectors are mixed, risk tone remains tentative
- UK government published the Withdrawal Agreement Bill on Monday which will see its first vote at 1900BST on Tuesday
- Canadian PM Trudeau's Liberal Party won the Canadian General Election but fell short of an outright majority
- Looking ahead, highlights include Canadian Retail Sales, US Existing Home Sales, Richmond Fed and APIs, NZ Trade, RBA Assistant Governor Kent,...
22 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded mostly positive amid mild tailwinds from Wall St where all major indices edged higher and the S&P 500 above 3000
- US President Trump said China is purchasing US agricultural goods now and that any issues in phase 2 talks are in many ways a lot easier than the issues faced in phase 1
- UK government published the Withdrawal Agreement Bill on Monday night which will see its first vote at 1900BST on Tuesday
- Canadian...
21 Oct 2019, 12:08 by Newsquawk Desk
- Major European bourses are modestly firmer, FTSE lags amid a firmer pound, SAP shares rose after earnings and announcing a deal with Microsoft
- UK Parliament vote on the Brexit deal was postponed on Saturday after lawmakers voted (322-306) in favour of passing the Letwin amendment
- In FX, GBP/USD briefly topped 1.3000, DXY fell further towards 97.00, risk currencies outperform
- Looking ahead highlights include BoE’s Haldane, Fed’s Bowman, ECB...
21 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets began the week with a cautious tone following last Friday’s lacklustre close on Wall St and amid continued Brexit uncertainty
- Parliament vote on the Brexit deal was postponed on Saturday after lawmakers voted (322-306) in favour of passing the Letwin amendment
- PM Johnson stated that legislation will be tabled in the upcoming week and sent a letter to the EU requesting a Brexit extension which he did not sign
- Looking ahead highlights include, German PPI, BoE’s Haldane, Fed’s...
18 Oct 2019, 12:00 by Newsquawk Desk
- Major European Bourses are modestly lower, France’s CAC underperforms as Renault cut outlook
- Chinese economic growth slowed to the weakest pace since 1992, although Q/Q and YTD GDP figures matched analysts’ forecasts, while IP surpassed estimates
- Outside experts reportedly warned President Trump that continued escalation of US-China trade tensions could hurt economy and re-election
- Looking ahead, highlights US Baker Hughes rig count, Fed’s...
18 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded cautiously after the rally from the Brexit deal breakthrough petered out and as participants mulled over mixed Chinese data
- Chinese economic growth slowed to the weakest pace since 1992, although Q/Q and YTD GDP figures matched analysts’ forecasts, while IP surpassed estimates
- UK rebel Labour MPs were said to be considering backing PM Johnson's Brexit deal if workers' and other rights are written into UK law
- Looking ahead, highlights US Baker Hughes rig count, Fed’s...
17 Oct 2019, 12:17 by Newsquawk Desk
- EU and UK have reached a Brexit deal, sources indicate DUP against it; no word from DUP Leader Foster yet
- Sterling is stronger with Cable reaching just shy of 1.30 at best; other G10 currencies are firmer vs. USD
- There will be no discussions on further Turkey sanctions during the European Commission summit, according to a senior EU officials
- Looking ahead highlights include, US Housing Permits & Starts, Philadelphia Fed, Industrial Production and EIA Weekly Stocks, EU Council Summit Begins,...
17 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded mixed after the lacklustre tone rolled over from Wall St where all majors finished with marginal losses
- UK PM Johnson told the 1922 Committee that the UK will still leave deal or no deal on 31st October if a deal cannot be reached
- EU sources stated that a level playing field, customs arrangements and NI consent all have been agreed in the EU/UK talks, although VAT provisions are not done yet
- US President Trump suggested the Phase 1 of the US-China trade deal is moving...
16 Oct 2019, 12:17 by Newsquawk Desk
- European bourses are mixed but little changed overall as sentiment remains choppy, FTSE underperforms on ongoing GBP strength
- EU’s Barnier is optimistic a deal can be reached today, but EU sources state there is now not enough time to formally sign a deal at tomorrow’s summit; DUP remain the critical voice at present
- In FX, a volatile session for GBP thus far with the remaining G10 currencies mixed vs. USD; debt complex is bid across the board
- US House passed a bill aimed at supporting the Hong Kong...
16 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded higher after taking the impetus from the gains across global peers
- A large split reportedly opened up among Tory Eurosceptics whether to back PM Johnson's Brexit plan with some in the ERG supporting it, whilst others spoke out against it
- Reports are now talking about an effective deadline of 1300BST for a Brexit deal to be agreed in Brussels
- China urged US lawmakers to stop interfering and threatened to retaliate with strong measures after the US House passed a bill aimed...
15 Oct 2019, 11:59 by Newsquawk Desk
- European indices are firmer this morning, though sentiment has been impacted by US-China rhetoric
- Reports indicate China will struggle to purchase USD 50bln of US agri products annually, unless retaliatory tariffs are removed
- Mixed comments from EU’s Barnier stating that a Brexit deal is possible this week although sources note that the latest proposals are not enough
- DXY is mixed vs. G10 peers, with GBP and JPY outperforming and the debt complex is firmer thus far
- Looking ahead highlights...
15 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded mixed following the lacklustre lead from Wall St where the recent US-China trade optimism receded
- US-China talks are to resume next week and the Phase 1 deal could be wrapped up in November according to Chinese press
- Brexit deal hopes are reported to have increased as sources in both sides of the channel stated there was cautious optimism, according to the Telegraph
- US President Trump is to authorise sanctions against Turkish officials, immediately stop negotiations with...
14 Oct 2019, 11:45 by Newsquawk Desk
- Major European indices are subdued after Friday’s highs and following latest US-China rhetoric
- China reportedly want further discussion before the signing of the Phase One deal with US President Trump
- Brussels is demanding further Brexit concessions from UK which has prompted warnings that a deal based on additional compromise would be rejected by Parliament
- In FX, GBP underperforms a somewhat mixed USD as Friday’s Brexit euphoria fizzles out ahead of Thursday’s summit
- Looking ahead...
14 Oct 2019, 06:55 by Newsquawk Desk
- Asian equity markets began the week on the front-foot as the region reacted to last week’s announcement of a US-China Phase 1 dea
- The deal saw China agree to make between USD 40bln-50bln of agricultural purchases from the US and the US refrain from implementing the October 15th tariffs
- Brussels is demanding further Brexit concessions from UK which has prompted warnings that a deal based on additional compromise would be rejected by Parliament
- DXY slightly firmed as safe-havens recovered some of the...
11 Oct 2019, 12:03 by Newsquawk Desk
- European bourses are firmer this morning as US-China flow has been light following yesterday’s positivity from US President Trump; is to meet China VP He at 19:45BST
- EU’s Tusk says UK PM Johnson is yet to bring forward suitable proposals, have received positivity signals from the Irish PM
- Reports that a Iranian tanker has been hit by missiles near a Saudi port, currently unclear as to where these originated from
- Crude is buoyed on the tanker flow while Sterling is the notable G10 FX outperformer...
11 Oct 2019, 06:50 by Newsquawk Desk
- US President Trump said US-China talks went very well today ahead of his meeting with Chinese Vice Premier Liu He at 14:45EDT/19:45BST
- Asian equities took its cue from the rally on Wall Street, HK outperformed whilst Mainland remained cautious
- UK Brexit negotiators are proposing a "pared-down" free trade agreement to end the Brexit impasse, Irish PM noted that he had good discussions about a future relationship after Brexit
- DXY held onto losses, Cable kept a 1.24+ status, USD/JPY traded on either...
10 Oct 2019, 12:13 by Newsquawk Desk
- European bourses are mixed/little changed overall, as focus remains firmly on US-China updates
- SCMP reports that Chinese delegation is cutting their trip short due to a lack of progress
- FBN’s Lawrence highlights that the China team have been debating leading early, may hinge on today’s talks
- US is reportedly considering some concession on a currency pact, next week’s tariffs and Huawei
- USD is softer vs. G10 peers, while the debt complex remains slightly firmer Stateside though the 10yr is...
10 Oct 2019, 06:50 by Newsquawk Desk
- Asian equities traded with cautious gains in what was a volatile session amid a slew of contradicting trade headlines
- SCMP reported that Chinese delegation is cutting the trade trip short amid no progress on trade issues
- US is reportedly mulling some concessions regarding the currency pact, next week’s scheduled tariffs and Huawei but is to tighten inspections on parcels from China
- FOMC Minutes stated a few members said markets see more accommodation in the future than they see as...