- Asian stocks traded higher as the regional bourses took impetus from the gains in their US counterparts
- USD was weaker with the DXY stuck around the 93.50 level to the benefit throughout the session
- US President Trump is said to be planning on adopting a confrontational tone at G7 in response to the other 6 nations collectively pressuring him regarding tariffs
- Looking ahead, highlights include Turkish rate decision, US weekly jobs, BoE’s Ramsden, supply from France and...
- Asian equity markets traded somewhat mixed after a similar performance on Wall St. FX markets were largely influenced by NAFTA trade concerns
- Sources suggest that ECB sees 14th June meeting as 'live' to discuss QE exit
- UK opposition Labour party are reportedly going to announce a major shift towards a soft Brexit
- Looking ahead, highlights include RBI rate decision, DoEs, ECB’s Praet, BoE’s Tenreyro and...
- Asian equity markets traded slightly indecisive after the momentum somewhat petered out from Wall St.
- RBA kept rates unchanged as expected and reiterated its prior statements which continued to suggest a prolonged pause by the central bank
- UK PM May reportedly abandoned plans to present UK-EU blueprint before this month's summit in Brussels and will now postpone its release to after the summit
- Looking ahead, highlights include EZ, UK and US services PMI, US ISM non-manufacturing,...
- Asian equity markets began the week higher across the board as the region reacted to Friday’s US jobs report and the US-NK summit being back on the cards
- In FX markets, safe-havens were under strain in which JPY took the brunt of the heightened risk appetite which saw USD/JPY and JPY-crosses extend on Friday’s gains
- Looking ahead, highlights include UK construction PMI, US factory orders and BoE’s Tenreyro
US Commerce Secretary...
- Italy’s 5SM and League completed an accord on a coalition government with Conte now given the mandate to form a 5 Star/League coalition government
- Asian stocks traded cautiously after trade war concerns resurfaced following the US announcement to impose steel and aluminium tariffs on EU, Canada and Mexico
- Looking ahead, highlights include UK and Eurozone mfg PMIs, US NFP, ISM mfg, Baker Hughes and Fed’s Kashkari
US metal tariff...
- Asian equities higher after following suit from the rebound seen in their global counterparts as Italian fears subside (for now) and encouraging Chinese data
- Italy's Five Star Movement have called for Savona to withdraw candidacy for Economy Minister to allow a government to be formed
- Looking ahead, highlights include Eurozone CPI, US personal consumption and PCE price index, Chicago PMI, Canadian GDP and DoEs
Asian markets traded positive across...
- Asian equities trade lower across the board as Italian political woes and trade concerns grip sentiment overnight
- Cottarelli and Mattarella failed to reach an agreement on forming a government but will continue talks. ANSA report that failure to reach a deal could see elections on July 29th
- Looking ahead, highlights include regional and national German CPIs, US ADP, GDP, Advance Good Trade Balance, BoC Rate Decision, APIs
Asian stocks traded lower...
- Asia traded mostly subdued as region lacked impetus following the market closures in US and UK. Political uncertainty in Italy and Spain added to the cautious tone
- In FX markets, the risk averse tone spurred flows into the safe-havens with JPY the main beneficiary which pushed USD/JPY briefly below the 109.00 handle
- Looking ahead, highlights include ECB’s Mersch and Lautenschlaeger
RECAP OF STORIES FROM OVER THE WEEKEND AND MONDAY FOR UK TRADERS AWAY FROM...
- Asian equity markets traded mostly higher on warming geopolitical ties with prospects of the US-North Korea summit back in play
- Italy PM-designate Conte reportedly gave up on efforts of forming a government after Italian President Mattarella rejected Eurosceptic Paolo Savona for the Economy Minister position
- Today’s calendar sees a lack of tier 1 highlights. UK and US markets are closed
Asian equity markets traded mostly higher on warming...
- Asia cautious after US President Trump’s cancellation of the NK summit, albeit Trump has left the door open for the summit to take place in the future
- FX markets quiet with the USD recovering some of the lost ground from the FOMC minutes; GBP/USD back below 1.3400 and EUR/USD eyeing 1.1700
- Looking ahead, highlights include German IFO, UK GDP, US Durables, Uni. Of Michigan and a slew of speakers
Asian stock markets traded cautiously as the...
- FOMC Minutes stated that most felt it would soon be appropriate to raise rates again if outlook remained intact. Minutes contained little that changes the current ‘gradual hikes’ script
- Asian equity markets traded subdued after US President Trump ordered the Commerce Department to consider a probe on auto imports
- Looking ahead, highlights include German GDP, UK retail sales, ECB minutes and a slew of central bank speakers
- Sentiment soured in Asia after Trump cast doubts over NK summit and expressed dissatisfaction regarding trade talks with China
- In FX, JPY was a beneficiary of safe-haven flows. USD flat. TRY experienced a ‘flash crash’ which saw the currency drop over 2.5% against the greenback
- Looking ahead, highlights include EZ Mfg and Services PMIs, UK CPI, US New Home Sales, DOEs, FOMC minute and a slew of speakers
Asian equity markets traded mostly...
- Asian stocks traded mostly subdued amid holiday closures and a lack of fresh catalysts. DXY was sideways around 93.50 following its recent pullback from YTD highs
- Italy’s President Mattarella reportedly expressed concerns with the 5SM/League fiscal plan and is said to need time to mull the PM choice
- Looking ahead, highlights include BoE QIR testimony, ECB’s Liikanen, UK/EU trade talks and US 2yr Note Auction
US and China said to have...
- Asian equity markets traded mostly positive with sentiment underpinned following the conclusion of the 2nd round of US-China trade talks
- China agreed to purchase more goods to avoid a trade war. Mnuchin announced that tariffs on China would be placed on hold as discussions progress
- Looking ahead, highlights include ECB’s Nowotny, Fed’s Bostic, Harker and Kashkari
- Due to Whit Monday, markets in Austria, Denmark, Germany, Hungary, Iceland, Norway, and Switzerland are...
- Asian stocks traded mostly positive but with gains contained as focus remained on US-China trade talks and the current geopolitical climate
- The Chinese trade delegation was said to offer a package to reduce the US trade deficit by USD 200bln annually
- Looking ahead, highlights include Canadian CPI, retail sales, Fed’s Mester, Kaplan and Brainard
US President Trump stated on Thursday stated that China will not be ripping the US anymore and...