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  • A lacklustre start of the week for European equities [Eurostoxx 50 -0.4%] as the region failed to sustain the momentum seen in Asia
  • Dollar continues on a firmer footing as JPY and AUD underperform, while GBP still suffers from Brexit fatigue
  • Looking ahead, highlights include US Building Permits and Starts, Durable Goods & Factory Orders, New York ISM Business Conditions
  • EARNINGS: Alphabet, Gilead Sciences,...
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  • Asian equity markets began the week positively but with gains only marginal amid the mass closures in the region for the Lunar New Year
  • UK PM May could be planning for a general election in June, according to reports; later downplayed
  • The Tories’ fragile Brexit truce was dealt a blow yesterday after hardline Brexiteers ruled out two of May’s proposals for solving the Irish backstop issue
  • Looking ahead, highlights...
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  • Terrible Italian Manufacturing PMI slams 10-yr BTP futures as growth concerns magnify
  • Cable falls to weekly low as manufacturing survey reveals record high stockpiling due to Brexit
  • Looking ahead, highlights include, US Jobs Report, ISM Manufacturing PMI, Fed’s Kaplan
  • EARNINGS: Aon, Chevron, Dominion Energy, Exxon Mobil

ASIA

Asian equity markets traded cautiously as disappointing Chinese data clouded over the momentum from Wall St. where most major...

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  • USTR Lighthizer said talks with China made substantial progress but there is still much work to do
  • US President Trump stated that he could meet soon with Chinese President Xi in order to finalise a potential deal
  • Asian equity markets traded cautiously as disappointing Chinese data clouded over the momentum from Wall St
  • Looking ahead, highlights include, French, German, UK & EZ Manufacturing PMI, EZ CPI (Flash), US Jobs...
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  • Major European indices trimming earnings-fueled gains seen at the open [Euro stoxx 50 -0.3%]
  • Dovish Fed coupled with some ‘strong’ sell signals for month end portfolio rebalancing saw the Buck slump to new recent lows vs G10 peers
  • US President Trump will meet with Chinese Vice Premier Liu He at 15:30 EST today
  • Looking ahead, highlights include Canadian GDP, ECB’s Weidmann Speaking
  • EARNINGS: Celgene, General Electric, Northrop Grumman, Altria Group,...
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  • Fed stood pat on rates whilst indicating a willingness to adjust the pace of the balance sheet run-off, the message of patience was reiterated, language on the balance of risks was dropped
  • Asian stocks were mostly higher across the board as they took impetus from their counterparts in the US
  • The EU stands ready to take Brexit to a last-minute summit rather than bend the knee to demands from UK PM May, according to diplomats citing the scheduled summit on...
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  • European equities are mixed [Euro Stoxx 50 U/C] taking lead from the indecisive trade seen overnight as earnings season kicks into gear
  • DXY meanders between 95.875-682 while AUD and GBP outperform in the G10 space
  • Looking ahead, highlights include National German CPI, US ADP, FOMC Rate Decision & Press Conference
  • EARNINGS: AT&T, Boeing, Mcdonald’s, Microsoft, Facebook, Qualcomm, Paypal, Visa, Tesla

ASIA

Asian stocks traded indecisively with the...

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  • Asian stocks traded indecisively following better than expected Apple results and ahead of US-China trade talks
  • UK lawmakers accepted Brady's amendment for the backstop to be replaced with an alternative arrangement and accepted Spelman's amendment that expressed objection to a no-deal Brexit
  • The EU remains adamant that the withdrawal agreement or backstop is not up for renegotiation
  • Looking ahead, highlights include,...
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  • Major European indices nursed opening loses and extended on gains Euro Stoxx 50 +0.5%], outperformance is seen in the FTSE 100
  • Sterling awaits the outcome of UK Parliament’s vote on Brexit Plan B alongside amendments, but the still trades weaker vs the Euro
  • Looking ahead, highlights include US Consumer Confidence, UK Parliamentary vote on Brexit 'Plan B', BoE's Haldane Speaking, US 2yr FRN & 7yr Note Auction
  • EARNINGS: Advanced Micro Devices, Amgen, Apple, Verizon...
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  • Asian equity markets traded lower for most the session as the region followed suit to the negativity on Wall St
  • The DoJ’s announcement of charges against Huawei has raised concerns about the potential impact on US-China relations
  • UK PM May is said to have urged Tory MPs to back the Brady amendment which would replace the backstop with alternative arrangements
  • Looking ahead, highlights include US Consumer Confidence, UK...
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  • Major European equities are in the red [Euro Stoxx 50 -0.5%] following on from a negative end to Asia ahead of key risk events
  • USD appears to have gleaned some traction in the run up to the FOMC, US-China trade talks and NFP, while GBP underperforms ahead of the Brexit “Plan B” vote
  • Looking ahead, highlights include US National Activity Index, ECB’s Draghi, BoE’s Carney, Fed’s Mester, US 2yr and 5yr Auction
  • EARNINGS: Caterpillar, T...
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  • Asian equity markets initially began the week mostly higher, however the region later failed to hold on to early gains
  • Ireland said it will not accept changes to agreement aimed at avoiding a hard border, while UK PM May reportedly told cabinet ministers privately, she will not allow Britain to exit without a deal
  • US ended the government shutdown after a tentative agreement was reached on a stopgap bill to fund the government till February 15th but President Trump said he will declare an emergency...
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  • Major European indices are in the green [Euro Stoxx 50 +1.1%] following on yesterday’s ECB release and a strong performance Asia
  • DXY has retraced a bulk of yesterday’s gains while the EUR stages a recovery
  • Looking ahead, highlights include US Baker Hughes
  • EARNINGS: Colgate-Palmolive, Nextera Energy, AbbVie

ASIA

A jubilant tone was observed across the Asia-Pac majors heading into the weekend, which followed the mostly positive performance of their...

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  • An upbeat tone was observed across Asia-Pac majors heading into the weekend, which followed the mostly positive performance of their global peers
  • DUP party is said to have privately agreed they will back PM May's Brexit deal when she toughens it up in terms of the backstop being specifically time limited
  • US Senate blocked 2 competing proposals to end the government shutdown including one backed by US President Trump; as expected
  • ...
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  • Major European equities are in the green [Euro Stoxx 50 +0.7%] with outperformance in Italian banks on ECB day
  • DXY firmer this morning after EUR was dented by disappointing PMIs
  • Looking ahead, highlights include US Flash PMI's, ECB Rate Decision, US Jobless Claims, BoE's Carney, Riksbank's Skingsley
  • EARNINGS: American Electric Power Co, Bristol-Myers Squibb, Freeport-McMoRan, Intel, Norfolk Southern Co, Starbucks, Union Pacific, Western Digital, Discover Financial Services,...
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  • Most Asian bourses eventually followed suit to the gains stateside where the DJIA led the majors higher
  • US President Trump said talks are going well with China but added that tariffs could increase if no deal is reached
  • Nearly 20 UK ministers have reportedly been conducting a secret meeting in Parliament to discuss plans to avert a no-deal Brexit
  • Looking ahead, highlights include French, German, EZ and US Flash PMI's, Norges...
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  • European equities nursed opening losses and moved into positive territory as risk sentiment improved
  • DXY trades within a relatively tight range while GBP extends gains on hopes for an Article 50 extension
  • Looking ahead, highlights include Canadian Retail Sales, EZ Consumer Confidence (flash) and weekly API inventories
  • EARNINGS: Abbott Laboratories, Kimberly-Clark Corp, Procter & Gamble, Progressive, Texas Instruments, Ford Motor, Raytheon, Comcast...
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  • Expectations unanimously are set on an unchanged rate of 0.75%, with focus set on the accompanying statement
  • HSBC cite lower global rate expectations as one of the major stumbling points for the Norges Bank’s rate path
  • ING do not believe that this will be enough to stop the March hike amid recovering oil prices and the prosperous local economy.
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  • Asian equity markets were choppy as the region attempted to shrug off the headwinds from Wall St
  • US reportedly turned down an offer by China for 2 vice-ministers to travel to the US for preparatory trade talks; later denied by Kudlow
  • UK PM May is reportedly set to force ministers to keep a no deal Brexit on the table despite threats of ministerial resignations
  • Looking ahead, highlights include Canadian Retail Sales, EZ Consumer...
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  • European equities are in the red [Euro Stoxx 50 -0.6%] as risk sentiment continues to deteriorate
  • US-Sino tensions heighten as China vows to retaliate if Huawei Executive Meng is extradited
  • Looking ahead, highlights include US Existing Homes Sales, New Zealand CPI
  • Earnings: Capital One Financial, IBM, Johnson & Johnson, Travelers Companies, United Technologies and Prologis

NOTABLE NEWS FROM THE WEEKEND (GIVEN YESTERDAY’S MARKET HOLIDAY)

US President...

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  • Asian equity markets were negative as the region lacked impetus following the non-existent lead from the US
  • UK Conservative Party lawmaker Rudd warned PM May she could face dozens of ministerial resignations next week if Tory MPs are banned from voting for a plan that helps stop a no-deal Brexit
  • UK opposition Labour Party leader Corbyn has given in to pressure from party members and MPs by endorsing a plan to force a second EU referendum
  • ...
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  • Asian equity markets began the week higher as the region followed suit to the optimism seen last Friday amongst the US majors
  • Overnight data releases saw Chinese Q4 GDP print in-line with expectations, whilst retail sales and IP exceeded forecasts
  • US Trade Representative Lighthizer said US and China are making little progress regarding intellectual property issues
  • UK PM May halted the cross-party approach to Brexit last night as...
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  • Major European equities are firmly in the green amidst positive trade updates [Euro Stoxx 50 +1.6%] with the IT and financial sector outperforming
  • Table turns for the Pound after yesterday’s climb as Cable straddles just below 1.2950
  • Looking ahead, highlights include Canadian CPI, US industrial production and University of Michigan sentiment, weekly Baker Hughes rig count, Fed’s Williams and Harker
  • EARNINGS: State Street

ASIA

Asian equity markets...

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  • Asian equity markets traded higher across the board as the region took impetus from Wall St where the major indices were lifted on hopes of easing trade tensions
  • FX markets were relatively quiet with the DXY flat around the 96.00 level as its major counterparts consolidated, while antipodeans found some support from the heightened risk appetite
  • Northern Irish DUP Party indicated that they would be open to a Norway-style deal if it removed the threat of a backstop
  • Looking ahead,...
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  • European indices are mostly in the red, albeit off worst levels as risk sentiment soured following an indecisive Asia-Pac session
  • Choppy DXY amid rising tensions between US and China regarding Huawei’s prosecution and chip sale ban
  • Looking ahead, highlights include US Initial Jobless Claims & Philly Fed Business Index, BoE's Carney, Fed's Quarles Speaking, UK 2024 Gilt
  • EARNINGS: American Express, Morgan Stanley, Netflix

ASIA

Asian equity...

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