• Risk sentiment is buoyed on reports that China are open to a partial trade deal in-spite of the technology blacklist, subsequent reports indicate China offer to purchase USD 10bln of goods per year
• Initial reports noted that the EU were prepared to make a significant concession on the Brexit deal; however, this has subsequently been rebuffed from every angle
• Reports that Turkish troops had crossed the Syrian border, since clarified that this has not happened thought they are at the border
• Debt...

• Asian stocks tracked losses on Wall Street but drifted off lows, South Korea was closed due to a public holiday
• US imposed Visa bans against Chinese individuals related to abuse of China's Uighur community, China said the move interferes in China's internal affairs and undermines China's interests
• US and Kurdish officials expect Turkey to launch an attack on Northeast Syria within the next 24 hours, Turkish attack appears coordinated with Russians according to sources
• Fed Chair Powell said Fed is to...

• China is toning down exp. ahead of trade talks, delegation are planning to cut the visit short and Liu He has not been given the designation of Special Envoy., SCMP
• China’s Commerce Ministry say to stay tuned for retaliation to the US naming 28 Co’s to be placed on their entity list
• German Chancellor Merkel reportedly told PM Johnson that a deal can only occur if NI remains in the customs union, if this is the EU’s position than a UK source notes that a deal is essentially impossible at any...

• Asian equities traded higher across the board despite a lacklustre handover from Wall Street, HKEX dropped its bid for LSE and Samsung Electronics released its Q3 guidance
• China is ready to do a deal on the parts of the negotiations both sides agree upon and are prepared to set out a timetable for the harder issues to be worked out next year, according to Fox
• US Commerce Department confirmed it has blacklisted 28 Chinese firms over treatment of the Muslim Uighur community
• In FX, DXY remained within...

• Major European indices are little changed as markets await further US-China updates
• China is reportedly narrowing the scope for a trade deal with the US, officials expected to present an offer which omits industrial policy or subsidies
• North Korea has terminated working talks with the US and US forces are to pull out of Northern Syria, and not stand in the way of Turkey’s long-standing plan
• USD is firmer vs. G10 counterparts excluding safe havens
• Looking ahead highlights include US Consumer...

• Asian equities traded mixed after initially opening higher, Mainland China and Hong Kong were closed
• China is narrowing scope for a trade deal with the US ahead of principle-level talks in Washington this week, according to reports
• North Korea has terminated working level nuclear talks with the US due to US’ “old viewpoints and attitude”, according to NK
• UK PM Johnson is reportedly willing to go to the Supreme Court to avoid having to write a letter asking for a delay to Brexit
• Looking...

• European equities are indecisive and overall little changed ahead of US jobs report
• White House Trade Adviser Navarro reiterated that there will be no small deal with China
• Beijing is in no hurry to forge a deal, and cites the one secured between US and Japan as a reason for not rushing., SCMP
• Fed’s Clarida was optimistic on the economy, noted Fed is not on a pre-set course and a standing repo facility will be discussed in future meetings
• USD is marginally softer thus far, fixed is firmer;...

• Asian equities traded with no firm direction after an upbeat performance on Wall Street, ahead of NFP
• SCMP Editorial piece stated, "Beijing is in no hurry to forge a deal” with the US
• EU’s Brexit Negotiator Barnier told a private meeting of EU diplomats that UK PM Johnson’s proposals fell far short of his conditions for a deal, sources stated
• In FX, the DXY is flat, EUR and GBP moved in-step with the Dollar, Antipodeans outperformed
• Looking ahead, highlights include US NFP and Trade, Baker...

• US equity futures are modestly firmer, in a bounce-back from the WTO announcement; note, Germany is closed
• USTR are to impose 10% tariffs on EU aircraft and 25% on agricultural and industrial goods
• Fed’s Evans says the ISM-Manufacturing print confirmed the FOMC’s view and is open-minded for the next meeting
• ·Fixed is firmer as growth concerns grow while DXY remains around 99.0 and somewhat mixed vs. G10 counterparts
• Looking ahead highlights include US Services and Composite PMIs, US Initial...

• Asian equities joined the global stock rout, Mainland China and South Korean markets were closed due to public holidays
• Hong Kong is reportedly studying a curfew to contain protest violence, according to local press
• US will impose retaliatory tariffs of 10% on EU aircrafts, 25% on EU agriculture and industrial goods, effective October 18th
• EU is ready to grant another Article 50 extension even if the letter is not signed by UK PM Johnson, diplomats stated that no European leader has reached the...

• European equities are lower as sentiment remains subdued from yesterdays events and ahead of today’s risk catalysts
• WTO are to announce the decision on the US' right to retaliate to against the EU over their Airbus (AIR FP) subsidies at 15.00 BST
• EU Sources note UK proposals on Brexit as reported by the media "won't fly" and seem "fundamentally floored"
• In FX, DXY has regained ground against most G10 peers while the debt complex has been...

• Asian equity markets were negative and followed the lead from Wall Street, ASX 200 underperformed, Mainland China and Indian markets were shut
• North Korea fired short-ranged projectiles towards the East Sea, one missile reportedly landed inside Japan’s Exclusive Economic Zone (EEZ)
• UK PM Johnson will today unveil a new ‘two borders for four years’ Brexit plan which will leave Northern Ireland in a special relationship with Europe until 2025
• Irish Foreign Minister Coveney said the UK PM’s Brexit plan...

• European equities are subdued this morning in-spite of a firmer open on a strong Asia-Pac lead
• Fed's Evans (Voter, Dove) says after the rate cuts, the Fed should leave policy on hold for some time, says there is a limit to what Monetary Policy can achieve
• In Hong Kong a protestor has reportedly been shot in the chest as the situation continues to escalate
• PM Johnson says we are going to make a very good offer but are not going to produce the proposals now that will be made in Brussels
• RBA...

• Asian equities traded higher across the board, Chinese and Hong Kong markets were closed due to National Day holiday
• The RBA cut its cash rate by 25bps to 0.75% as expected, reaffirmed easing bias, but added that a gentle turning point appears to have been reached
• UK PM Johnson is said to release his final Brexit plan to EU leaders within 24 hours and will reportedly ask the EU to rule out further Brexit extensions as part of a new deal
• In FX, DXY printed fresh YTD highs, USD/JPY climbed above 108,...

• Major European indices are modestly firmer but little changed overall, on a relatively quiet session thus far
• USD is firmer vs. most G10 counterparts with NZD the laggard although Sterling does modestly outperform
• US Treasury official stated that there are no current plans to stop Chinese firms from listing on US exchanges.
• UK Opposition Leaders will be meeting today to find a way to force UK PM Johnson to ask for a Brexit extension as early as this weekend
• Looking ahead highlights include,...

• Asian equities showed a mixed performance, Hang Seng (+0.4%) outperformed as Budweiser APAC’s debut signalled favourable IPO conditions
• Chinese Caixin Manufacturing topped estimates but trade concerns weighed on the one-year outlook and new export business continued to decline
• Reports suggested that the White House is mulling limits on portfolio flows into China, however, a US Treasury official stated that there are no current plans to stop Chinese firms from listing on US exchanges
• UK Opposition...

27th September 2019 

·        Major European indices are firmer following on from a choppy Asia-Pac session

·        FTSE 100 outperforms as Sterling slips and Gilts gain on dovish BoE Saunders

·        Saudi Arabia have reportedly agreed to a partial ceasefire in Yemen, according to the WSJ

·       ...

• Asian equity markets were mostly subdued following the weak lead from Wall St, Australia outperformed
• Chinese Foreign Minister said China is willing to buy more US products needed by the Chinese market, ahead of principal-level talks on October 10-11th in Washington
• Pentagon is to send 200 troops, a missile system and radar equipment to Saudi Arabia following the attack on its oil facilities
• In FX markets, the DXY was firmer, EUR/USD edged...

·        Major European indices are firmer from a mixed Asia-Pac session on further positive US-China remarks

·        UK PM Johnson said he will not request a Brexit extension even if conditions of the Benn bill are met, while he also stated that changing the Irish backstop is under serious negotiation

·        Chinese Commerce Ministry says US and China are closely...

• Asian equity markets traded somewhat mixed as the region struggled to maintain the momentum from the US
• US President Trump said China is making large agricultural purchases and there is a good chance that we'll make a trade deal with China, getting closer and closer
• US President Trump announced the first stage of a new US-Japan trade deal
• UK PM Johnson said he will not request a Brexit extension even if conditions of the Benn bill are met
• ECB's Lautenschlaeger (Hawk) resigned from the ECB...

• European indices are subdued as sentiment is impacted by a number of risk factors ahead
• House Speaker Pelosi says the House is to open informal impeachment inquiry into President Trump
• Saudi Aramco have reportedly restored oil production capacity to 11.3mln bpd, according to sources
• Fixed is little changed, USD is bolstered by a softer Sterling and EUR while NZD is now unchanged following RBNZ leaving rates unchanged at 1.0%
• Looking ahead, highlights include US New Home Sales, SNB Quarterly...

• Asian equity markets tracked the losses seen across global peers amid headwinds from the US
• UK government source expects a quick push for an election again perhaps even as early as this week, Cabinet source sees this being tabled on Thursday
• China’s Foreign Minister says US-China relations have come to a crossroad, and trade negotiations cannot happen under threats
• US House Speaker Pelosi says the House is to open a formal impeachment...

• UK Supreme Court deem PM Johnson’s parliament suspension as unlawful, GBP and Gilt whipsawed
• EU Court rules that Alphabet's Google (GOOG) does not have to apply the right to be forgotten globally
• US President Trump said he will discuss Iran in his UN speech today at 10:15ET
• Looking ahead, highlights include US Consumer Confidence, New Zealand Trade, UN General Assembly begins, ECB’s de Guindos, Norges Bank’s Matsen and BoE’s Carney. Supply from the...

• Asian equity markets traded indecisively following a similar close on Wall St where the major indices spent the day steadily recouping the opening losses
• US Treasury Secretary Mnuchin stated Chinese VP Liu He will visit the US next week for discussions; however, later stated talks will resume in two weeks
• US President Trump said we will have to see what happens regarding a meeting with Iranian President Rouhani and that he will discuss Iran in his UN speech...

• Major European bourses are softer as risk sentiment slips on PMI prints
• China’s agricultural delegation cancelled their farm trip at the US’ request, not due to trade talk difficulty
• Saudi Arabia's Khuraris and Abqaiaq facilities are to fully restore oil production early next week; currently producing around 4.3mln BPD., according to sources
• However, WSJ reports indicate that some experts believe it could take 8-months to restore Saudi production
• EUR/USD is lower and core debt has been...