- Asian equity markets mostly saw cautious gains ahead of this week’s key risk events and following the marginal gains in the US
- Boris Johnson allies reportedly plan to rig the leadership contest by ‘lending’ votes to Jeremy Hunt
- DXY continued on from the prior day’s swings and slipped back below 97.50 amid tentativeness heading into the key central bank meetings
- Looking ahead, highlights include German ZEW, EZ CPI, US Building Permits,...
- MON: US hearing on further China tariffs.
- TUE: RBA Minutes, German ZEW Sentiment, EZ CPI (Final), US Housing Starts.
- WED: FOMC Monetary Policy meeting, CBRT Summary of the MPC meeting, BCB Monetary Policy meeting, Japan Trade Balance, UK & Canada CPI.
- THU: BOE, BOJ, Norges Bank, Bank of Indonesia, UK Retail Sales, US Philly Fed.
- FRI: EU Summit (EU top jobs decisions to be made), Quadruple Witching, Japanese CPI,...
- Major European stocks are flat/mixed in a continuation of the cautious tone seen in Asia
- Most major FX pairs remain rangebound ahead of an action-packed week
- Looking ahead highlights include, US NY Fed Manufacturing and ECB’s Draghi
Asian equity markets began mixed with the region cautious ahead of the upcoming slate of central bank activity and after last Friday’s losses on Wall St,...
- Asian equity markets began mixed with the region cautious ahead of the upcoming slate of key risk events
- Price action in FX was relatively quiet amid a lack of tier 1 data releases, DXY slightly pulled back from Friday’s data-driven gains
- Former UK Foreign Minister Boris Johnson’s plans to withhold Brexit bill payments could be thwarted by Attorney General Cox’s legal advice
- Looking ahead, highlights include US NY Fed Manufacturing, ECB’s de...
- European indices are predominantly lower [Euro Stoxx 50 -0.4%] as the risk-off theme prevails
- The US have reportedly asked the WTO to pause the investigation into China IP until December, and India are reportedly preparing higher tariffs on 20 US goods
- Looking ahead highlights include, US Retail Sales, Industrial Production, Business Inventories, University of Michigan Sentiment, BoE’s Carney
Asia equity markets traded mixed as they awaited...
- Asian indices are mixed, pulled between the positive Wall St. lead and impending Chinese data at 08:00BST
- US Secretary of State Pompeo formally blamed Iran for the Oman tanker attacks
- NEC Director Kudlow states that China has broken WTO terms on trade, as such US President Trump is taking action
- Looking ahead highlights include, Chinese Industrial Output & Retail Sales, EZ CPI (Final), US Retail Sales, Industrial Production, Business...
- European equities are firmer [Euro Stoxx 50 +0.2%], deviating from their Asia-Pac counterparts
- WTI & Brent are significantly firmer amidst reports that two oil tankers in the Gulf of Oman have been attacked
- In FX, the USD remains relatively stead while safe havens are buoyed by ongoing geopolitical tensions
- Looking ahead highlights include, US Import, Export Prices & Jobless Claims, New Zealand Manufacturing PMI. Supply from the...
- 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...
- WEEKEND: G20 finmin/cbank heads meet.
- MON: US to impose tariffs on Mexico; UK Tory leadership campaign starts; Japan GDP; UK GDP, Manufacturing; Canada housing.
- TUE: EIA STEO, UK jobs report
- WED: China CPI, US CPI, CBRT.
- THU: OPEC MOMR.
- FRI: IEA oil report, CBR.
G20 FINMIN/CBANKS HEAD MEETING (WEEKEND):
Ahead of the leaders’ summit on 28-29 June, G20 finance ministers and central bank officials will meet on the weekend at Fukuoka in...
- 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...
- MON: Swiss CPI, Turkish CPI, EZ, US/UK mfg PMI, US ISM mfg, construction spending, NZ trade
- TUE: RBA, UK cons PMI, EZ CPI & unemployment, US factory orders, Aus GDP
- WED: EZ, UK & US services PMI, EZ PPI, retail sales, US ADP, ISM non-mfg, NBP, Aus Trade
- THU: German factory orders, RBI & ECB, EZ employment & GDP (F), US trade, unit labor costs, nonfarm productivity, Canadian trade
- FRI: Swiss unemployment, German & French trade, German IP, US & Canadian labor market...