- Asia-Pac stocks remain lower as the risk-off sentiment spills over from the US; amidst negative Chinese rhetoric on a US trade deal
- US President Trump remains optimistic on achieving a deal with China, but added that tariffs on the rest of Chinese imports will be imposed if no deal can be achieved; has no deadline for these tariffs
- USD remains firm to the detriment of G10 counterparts, with Cable pressured after the Labour party’s parliament control bill was...
- No major fundamental EU session updates leave European Indices [Euro Stoxx 50 -0.5%] subdued and largely in-line with their Asia-Pac counterparts.
- In FX, the USD is lacklustre ahead of US CPI; with G10 counterparts failing to significantly capitalise on this amidst the downbeat tone
- Looking ahead highlights include, US CPI, ECB’s Coeure. Supply from the US
Asian equity markets traded mostly subdued after the flat lead from Wall St where the...
- Asian indices are mixed, following on from Wall St. finishing flat, breaking its week-long win streak
- In FX, the USD is little changed ahead of US CPI; with main G10 counterparts relatively steady as well
- US President Trump says he is the one holding up the US-China trade deal, and that he expects to meet President Xi at the G20 summit
- Looking ahead highlights include, US CPI, ECB’s Draghi, de Guindos & Coeure. Supply from Germany &...
- European indices are firmer this morning [Euro Stoxx 50 +0.9%], taking the lead from a positive Asia-Pac session.
- In FX, Sterling is outperforming G10 counterparts on the combination of both strong UK labour data and hawkish BoE speak
- Looking ahead highlights include, US PPI. Supply from the US
Asian equity markets were higher across the board after a similar lead from US where sentiment was underpinned by the US-Mexico tariff relief which lifted the...
- Asian indices are higher as sentiment remains supported on US-Mexico tariff relief
- BoE’s Saunders says the BoE will likely need to return to a neutral stance sooner than expected and rates do not necessarily need to be on hold until Brexit uncertainty fades
- Looking ahead highlights include, UK Employment Data, US NFIB & PPI, ECB’s Nowotny & Rehn, BoE’s Vlieghe, Saunders, Broadbent & Tenreyro. Supply from the...
- European Indices [Euro Stoxx 600 +0.2%] are firmer as risk sentiment remains positive after the US agreed to advert tariffs on Mexico
- In FX, the USD outperforms its G10 counterparts with antipodeans lagging on mixed China trade, while GBP declines with UK GDP
- Looking ahead highlights include; Canadian Housing Starts & Building Permits, US Jolts, BoE’s Saunders
Asian equity markets began the week higher with sentiment underpinned...
- Asian indices are firmer with sentiment bolstered by the US and Mexico reaching an agreement to avoid tariffs
- Sources indicate that ECB policymakers are said to be open to lowering rates if growth weakens
- In FX, the USD has benefited as tariffs were avoided with MXN outperforming; GBP is subdued as the Tory leadership contest begins
- Looking ahead highlights include; UK GDP, Services, Industrial & Manufacturing Output, Canadian Housing...
- European indices [Euro Stoxx 50 +1.0%] are firmer as the positive sentiment rolls over from Asia-Pac session ahead of NFP
- White House Press Secretary Sanders stated that the US is moving ahead with Mexico tariffs, President Trump reportedly plans to declare a national emergency to impose the tariffs
- Looking ahead, highlights include, US & Canadian Jobs Report, Fed's Barkin
Asian equity markets were mostly higher following the tailwinds...
- Asian equity markets were mostly higher following the tailwinds from US where sentiment was underpinned by hopes of averting tariffs on Mexico
- However, White House Press Secretary Sanders later cast doubts on this and stated the US is still moving ahead with tariffs
- DXY consolidated around the 97.00 level after the prior day’s tumultuous session in which the USD lost ground against EUR
- Looking ahead, highlights include German Industrial Output & Trade Balance, US & Canadian Jobs Report,...
- European indices are firmer [Euro Stoxx 50 +0.8%], diverging from the mixed performance of their Asia-Pac counterparts
- US President Trump stated that tariffs on China could be raised to another USD 300bln if necessary due to trade disputes
- In FX, the USD has consolidated above 97.0 while the EUR remains within a relatively narrow band ahead of ECB and close to notable option expiries
- Looking ahead highlights include; US International Trade, Initial Jobless Claims, Labour Cost & Productivity, ECB...
- Asian indices are mixed with sentiment subdued by the lack of Mexico tariff progress and as Chinese agencies are discussing opinions on countermeasures against the US
- In FX, the DXY is flat but at prior session highs with G10 peers subdued as a result
- Looking ahead highlights include; German Industrial Production, EZ GDP (Revised), US International Trade, Initial Jobless Claims, Labour Cost & Productivity, ECB Rate Decision & Staff Projections, BoE’s Carney, ECB’s Draghi, Fed’s Kaplan &...
- European Indices [Euro Stoxx 50 +0.3%] are firmer but notably not as buoyed as the Asia-Pac session was overnight
- In FX, the USD remains weak with the DXY back below the 97.0 handle to the benefit of all (ex-JPY) G10 counterparts
- European Commission are to instigate infringement processes against the Italian Government due to their fiscal policy
- Looking ahead, highlights include US Composite and Services PMI, US ADP, ISM Non-Manufacturing PMI, Fed’s Clarida, Evans, Rosengren,...
- Asian indices were higher as the region took impetus from Wall St. posting its largest daily gain since early-January
- Italian Deputy PM’s Salvini and Di Maio have reached an agreement to work together
- In FX the DXY dropped towards the 97.0 level following Fed comments; to the benefit of most G10 counterparts
- Looking ahead, highlights include EZ & US Composite and Services PMI, UK Services PMI, US ADP, ISM Non-Manufacturing PMI, BoE’s...
- Major European indices [Euro Stoxx 50 +0.6%] are firmer after a subdued Asia-Pac lead, though the tech sector is still the underperformer
- China have reportedly issued a warning against travelling to the US, and the Foreign Ministry states that it is clear every set back in trade talks was due to the US breaking consensus
- In FX, the USD has recovered to above the 97.0 handle while the AUD has been largely resilient to the RBA rate cut and Governor Lowe’s comments
- Looking ahead, highlights include US...
- Asian indices are largely negative as tech suffered in sympathy with Wall St. and the US accused China of misrepresenting trade talks
- Fed’s Bullard (Voter) said a rate cut may be warranted soon amid trade and inflation concerns
- RBA cut rates as expected; to support employment growth and generate greater confidence around the inflation target
- Looking ahead, highlights include UK Construction PMI, EZ CPI (Flash) & Unemployment Rate, US...
- European indices remain subdued [Euro Stoxx 50 -0.1%] but have grinded higher after a downbeat Asia-Pac lead as China issued a White Paper blaming the US for the deterioration in trade talks
- In FX, the DXY remains below the 98.0 handle and relatively unchanged for the session ahead of key risk events throughout the week
- Looking ahead, highlights include US mfg PMIs, ISM mfg PMI, Fed’s Quarles, Barkin and Bullard
Asian equity markets traded...
- A subdued start to the week for Asian indices as China released a White Paper blaming the US for trade talks deteriorating, and are to create an unreliable entity list
- In FX, the DXY remains below the 98.0 level as the US faces a two-front trade war; while, EUR and GBP are benefiting from the USD weakness
- Looking ahead, highlights include EZ, UK and US mfg PMIs, ISM mfg PMI, Fed’s Quarles, Barkin and...
- European Indices are firmly in negative territory [Euro Stoxx 50 -1.7%] following US Presidents Trump’s plans to place tariffs on Mexican goods at an initial level of 4%
- China’s Global Times Editor states that China will take major retaliatory measures against the US placing Huawei and other Chinese companies on an Entity List
- In FX, the Mexican Peso underperforms while safe haven JPY benefits from the risk-off tone
- Looking ahead, highlights include German CPI (Prelim), US Core PCE Price Index,...
- European Indices [Euro Stoxx 50 +0.5%] have stayed positive after opening in positive territory, diverging from the subdued Asia-Pac session
- China’s MOFCOM says tariffs will not solve trade imbalances, and they will not accept a trade deal which hurts their pride/sovereignty
- Looking ahead, highlights include US GDP (2nd Estimate), Core PCE, Advanced Goods Balance, Pending Sales Change & Initial Jobless Claims, Canadian Average Weekly Earnings, Fed's Clarida, BoC's Wilkins
- Market Holiday: Swiss,...
- Asian indices followed the negative tone on from their US counterparts as Wall St. extended on the prior day’s losses
- In FX the USD is firmer, with the DXY holding above the 98.00 level as counterparts, particularly EUR and GBP, remain subdued
- Looking ahead, highlights include US GDP (2nd Estimate), Core PCE, Advanced Goods Balance, Pending Sales Change & Initial Jobless Claims, Canadian Average Weekly Earnings, BoE's Ramsden, Fed's Clarida, BoC's Wilkins,...
- European Indices [Euro Stoxx 50 -1.6%] are firmly in negative territory, as the risk-off sentiment spills over from the Asia-Pac session
- US Treasury’s currency report stated that no major trading partner met the currency manipulation list; but 9 countries, including China, have been placed on the watchlist
- Looking ahead, highlights include, BoC Rate Decision, ECB’s Visco, supply from the US
Asian equity markets were mostly lower following the...
- Asian indices are subdued following on from their US counterparts where the E-mini S&P dropped below the 2800 level as US-China tensions remain a key trading theme
- US Treasury released their currency report placing 9 countries, including China, on the watchlist but did not name any as manipulators
- Looking ahead, highlights include French GDP, German Unemployment, BoC Rate Decision, ECB’s Weidmann, Mersch, Rehn & Visco, supply from Germany and the...
- European Indices [Euro Stoxx 50 -0.6%] are broadly softer as the region failed to capitalise on the positive Asia-Pac momentum
- On the trade front SCMP reports that US-China talks hit a snag as the US side ‘kept adding new demands in late stages of the negotiations’
- Looking ahead, highlights include US Consumer Confidence and supply from the US
EU PARLIAMENTARY ELECTIONS SUMMARY
European elections failed to deliver any drastic upsets; right wing anti-EU parties...
- Asian indices are moderately higher following on from yesterday’s holiday lull, with Chinese indices supported by a substantial PBoC liquidity injection
- In FX, DXY extended on gains as its major counterparts EUR/USD and GBP/USD languished following a pullback below 1.1200 and 1.2700 respectively
- Looking ahead, highlights include German GFK Sentiment and import prices, EZ Consumer Confidence (final), US Consumer Confidence, supply from Italy, Germany and the...
- Asian equity markets began the week mixed as a lack of risk drivers and an extended weekend in some major global markets resulted to a non-committal tone in the region
- Preliminary results from the European Parliament elections indicate the centre-right and centre-left groups are set to remain the biggest groups but have fallen short of a majority
- President Trump suggested a US-Japan trade deal can wait until after the Japanese upper house elections in...