• Asian indices were cautious ahead of today’s key risk events and thinner trade amid market holidays
• US-China trade narrative continues, with President Trump and USTR noting that progress has been made, but the deal is not there yet
• UK PM May is drafting letters for EU’s Tusk and Labour’s Corbyn regarding an extension and an offer respectively
• Looking ahead, highlights include German Industrial Output, US & Canadian Jobs Report, Fed's...

• European indices have traded lackluster this morning [Euro Stoxx 50 U/C] as markets await US-China updates and ahead of key risk events
• MPs marginally approved a bill preventing a no-deal Brexit, but rejected restricting extension date to before May 22nd & further indicative votes
• Looking ahead, highlights include ECB Minutes, US Initial Jobless Claims, Fed's Williams, Mester & Harker

ASIA-PAC

Asian equity markets traded cautiously with the region tentative...

• Asian indices were mixed with sentiment kept afloat by US-China trade optimism; notably, speculation around an imminent sign-off date for a deal
• MPs narrowly approved a bill to prevent a no-deal Brexit, but rejected restricting extension date to before May 22nd & further indicative votes
• Looking ahead, highlights include German Industrial Orders, ECB Minutes, US Initial Jobless Claims, RBI Rate Decision, Fed's Williams, Mester & Harker, supply from Spain...

• European indices are firmer [Euro Stoxx 50 +0.7%] as the positive sentiment from Chinese PMI’s and US-China trade continues to drive markets; note, the FTSE 100 (U/C) is lagging on sterling strength
• Dollar is subdued weighed on by G10 counterparts strength on the back of risk sentiment, Brexit updates & EZ PMIs
• Looking ahead, highlights include US Services PMIs, US ADP National Employment, US Non-Manufacturing ISM PMI, Fed's Bostic, Barkin, George &...

• Asian indices were firmer with sentiment driven by Chinese PMIs and US-China trade; ahead of further talks in Washington
• UK PM May seeks a further A50 extension and a solution with Labour leader Corbyn
• Looking ahead, highlights include EZ, UK & US Services PMIs, EZ Retail Sales, US ADP National Employment, US Non-Manufacturing ISM PMI, Fed's Bostic, Barkin, George & Kashkari

ASIA-PAC

Asian...

• Once again, none of the Brexit indicative motions reached a majority in the House of Commons, though a customs union moved closer to passing
• European indices are largely unchanged as the data driven momentum fades
• Dollar is outperforming G10 counterparts buoyed from yesterday’s data and the underperformance of AUD, NZD & GBP
• Looking ahead, highlights include US Durable Goods, APIs & Fed’s Kaplan

ASIA-PAC

Asian equity markets were mostly higher as the regional...

• Asian indices were firmer following gains on Wall St. as the data driven sentiment continues
• Once again, all Brexit motions were rejected, though a customs union moved closer to passing; ahead of today’s cabinet meeting and another potential vote on Thursday
• RBA kept rates unchanged as expected, maintained a neutral tone and stated that policy will be set to support growth
• Looking ahead, highlights include UK Construction PMI, US Durable...

• Major European indices are firmly in the green [Euro Stoxx 50 +0.8%] as the China fueled momentum rolls on from overnight
• Dollar underperforms most G10 counterparts; excluding JPY which is subdued by the improvement in risk sentiment
• Another busy day of Brexit ahead, amendment selection for today’s indicative votes by Speaker Bercow due around 14:30BST/08:30CDT & voting to commence around 20:00BST/14:00CDT
• Looking ahead, highlights include US Manufacturing PMIs, US Retail Sales, Business...

• Asian indices were positive as momentum carried over from Wall St; risk tone was boosted by a beat in Chinese PMIs
• US-China talks make ‘new’ progress, although China remains cautious 
• No clear path for UK PM May or her deal, which may be pitted against the most popular motion from indicative voting
• Looking ahead, highlights include EZ, UK & US Mfg PMIs, EZ CPI, US Retail Sales, Business Inventories, Construction Spending, ISM Mfg,...

• Major European Indices [Euro Stoxx 50 +0.5%] are higher continuing the positive momentum from Asia – Of note, all of the Big 4 Chinese banks have now reported
• House of Commons vote on the Withdrawal Agreement 14:30GMT/10:30EDT; no amendments have been selected for debate in Parliament
• Dollar remains firm, but has lost some momentum against G10 counterparts while cable is somewhat depressed ahead of todays vote.
• Looking ahead, highlights include, US PCE Price Index, Canadian GDP, Fed's Williams &...

• Asian equity markets were higher across the board, Shanghai Composite outperformed as US-China trade talks are underway
• US Treasury Secretary Mnuchin said that US and Chinese negotiators had a productive working dinner last night in Beijing
• UK House Speaker accepted a vote on the Withdrawal Agreement for today at around 1430GMT/1030EDT; Labour and DUP parties are set to vote against it
• In FX markets, the DXY held steady above the 97.00 level...

• European Indices [Euro Stoxx 50 +0.3%] have gained some traction, diverging from the mostly negative performance seen in Asia – for reference, 2 of China’s Big 4 banks have now posted earnings
• US-China trade talks progress; IP and enforcement remain sticking points
• No majority for any Brexit indicative option & DUP are to oppose PM May’s deal
• Looking ahead, highlights include German National CPI (Prelim), US GDP (Final) & Initial Jobless Claims, Japanese Tokyo CPI & Retail Sales,...

• Asian indices were mixed, as the region somewhat diverged from Wall Street’s negative lead – China’s 2nd largest bank posted disappointing earnings, ahead of the other Big 4’s results
• US-China trade talks progress; IP and enforcement remain sticking points
• UK PM May lays out resignation path, no majority for any indicative option; while DUP are to oppose PM’s deal
• Looking ahead, highlights include German State & National CPI (Prelim), US...

• European equities have been choppy [Euro Stoxx 50 -0.4%], following the significant downturn seen in risk sentiment after a somewhat mixed lead from Asia
• House of Commons Speaker Bercow is to select indicative vote options around 15:00GMT/11:00EDT & voting is to begin around 19:30GMT/15:30EDT
• Dollar has conceded some ground against G10 currencies, with the exception of antipodeans after the RBNZ providing a more dovish outlook on the rate path
• Looking ahead, highlights include US and Canadian...

• Asian equity markets were mixed as the region somewhat failed to maintain the broad positive momentum from US where all majors finished in the green
• Opposition Leader Corbyn is preparing to whip his MPs to back a move today that would keep Britain in the single market and customs union
• Note, House Speaker Bercow is set to name the options for indicative votes around 1500GMT today
• Looking ahead, highlights include US and Canadian trade, DoEs,...

• European Indices are slightly firmer, taking impetus from the mild recovery staged late in Wall Street and overnight
• In terms of FX, the greenback remains rangebound and mixed vs G10 counterparts
• UK Parliament voted (327 vs. 300) to approve government motion which included the Letwin amendment (A) of taking control of Parliament time to hold indicative votes on Brexit options
• Looking ahead, highlights include US Building Permits & Housing Starts, US Consumer Confidence, Fed's Daly, BoE's...

• Asian equity markets were mostly higher as the region took the consolidation on Wall St as a cue to pick itself up from the prior day’s sell-off
• UK Parliament voted (327 vs. 300) to approve government motion which included the Letwin amendment (A) of taking control of Parliament time to hold indicative votes on Brexit options
• In FX markets, price action left much to be desired with the DXY stuck around the 96.50 level as most major currencies traded rangebound...

• European Indices [Euro Stoxx 50 -0.2%] are lower but edging towards positive territory, as risk sentiment recovers
• US AG Barr’s summary of the Mueller Report stated that President Trump's campaign did not collude with Russia during the 2016 election but stopped short of exoneration
• In FX markets, DXY resides within a tight range whilst GBP is tentative ahead of another crucial week for Brexit
• Looking ahead, highlights include NZ trade...

• Asian equity markets began the week with hefty losses as the region followed suit to the stock sell-off last Friday on Wall St
• UK PM May has resisted pressure to set a date for her departure in return for support for her EU divorce deal after a threatened cabinet coup fizzled out
• US AG Barr’s summary of the Mueller Report stated that President Trump's campaign did not collude with Russia during the 2016 election but stopped short of...

• Major European indices are firmly in the red [Euro Stoxx 50 -0.7%], weighed on by dismal PMIs; notably, German Manufacturing PMI plummeting to a 72-month low
• US President Trump says the deal with China is coming along very well
• EU leaders will give the UK an extension until May 22nd if parliament agrees to May’s deal next week, if rejected, the UK will have until April 12th to indicate a way forward
• Looking ahead, highlights include US PMIs (Flash), Canadian CPI & Retail Sales, US Existing Home...

• Asian equity markets traded mixed as the region failed to sustain the momentum from the tech-led advances on Wall St
• EU leaders will give the UK an extension until May 22nd if parliament agrees to May’s deal next week, if rejected, the UK will have until April 12th to indicate a way forward
• In FX markets, the DXY was subdued overnight below the 96.50 level as the prior day’s recovery from the post-FOMC selling eventually lost steam
• Looking ahead, highlights include French, German, EU & US PMIs...

• Major European indices are mixed, but are generally little changed [Euro Stoxx 50 U/C], after dovish FOMC; underperformance in financials on this.
• SNB unchanged & Norges Bank hike as expected
• DXY has paired some losses, largely on other G10 currencies failing to capitalise
• Looking ahead, highlights include, US Initial Jobless Claims, Leading Index & Philly Fed, EZ Consumer Confidence, Japanese CPI, European Council Meeting (21/22 March), BoE Rate Decision
• Earnings:...

• Fed kept the Funds Target Rate unchanged as expected, dot plot now looks for no hikes in 2019 and one in 2020, intends to slow the balance sheet run off in May before ending in September
• Asian equity markets eventually traded mostly higher in the aftermath of a dovish FOMC, although gains in major US indices were later pared due to underlying growth and trade concerns
• UK PM May confirmed she sent a letter to EU’s Tusk in which she requested an Article 50 extension to 30th June and said the Brexit delay is...

• Significant underperformance in the DAX following losses in BMW and Bayer
• PM May to ask for a ‘short’ extension to A50, of up to 3 months. However, remainers are looking to derail her plans via an emergency debate
• In FX, Dollar steadies ahead of FOMC, aided by GBP declines
• Looking ahead, highlights include New Zealand GDP, FOMC Rate Decision & Press Conference

ASIA  

Asian equity markets lacked firm direction with the region cautious following a...

• Asian equity markets lacked firm direction with the region cautious following a lacklustre lead from Wall St
• US President Trump said talks with China are "going very well" and reports suggested that US-China talks are in final stages
• Separate reports noted that some US officials see China walking back on some trade offers but suggested this is a normal procedure in trade talks
• UK PM May requested to address the 1922 Committee at 1700GMT, while the PM’s office has indicated the Brexit extension...