- 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,...
- Asian indices are subdued with sentiment weighed on by US President Trump’s plans to place tariffs on Mexican goods at an initial level of 5%
- Chinese Manufacturing PMI moved into contractionary territory and printed below the estimate at 49.4
- China reportedly has plans to limit rare earth sales to the US if necessary, while US VP Pence says Trump and Xi will likely meet at the G20 summit
- Looking ahead, highlights include German Retail Sales...
- 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...
- UK PM May resigns, to step down as Tory leader on June 7th and is to remain as PM until a new leader is elected
- European Indices [Euro Stoxx 50 +0.9%] have extended on initial gains following their Asian counterparts which were somewhat boosted by upbeat US-China comments from President Trump
- In FX, the USD is weighed on by G10 counterparts bar safe havens in consolidation from yesterday’s DXY highs and amidst the risk-on tone this morning
- Looking ahead, highlights include; US Durable...
- Asian equity markets were mixed with the region cautious following the headwinds from US. ASX 200 underperformed amid the slump in oil prices
- US President Trump said there is a good possibility of a US-China trade deal and that Huawei could be included in any trade deal
- UK PM May is to announce her timetable to step down on Friday, according to reports
- In FX markets, the DXY languished near this week’s lows whilst AUD was subdued...
- European indices [Euro Stoxx 50 -1.7%] are sinking following the weak lead from Asia and poor EZ data
- In FX, USD outperforms all G10 bar safe havens as dismal data and Brexit woes afflict sentiment
- Looking ahead, highlights include, US Initial Jobless Claims & New Home Sales, NZ Trade Balance, ECB Minutes, European Parliament Election, Fed's Kaplan
Asian stock indices were mostly lower amid spillover selling from Wall St as US-China trade...
- Asian indices (ex-India) are subdued as US-China updates continue to drive markets; China’s Foreign Minister Wang Yi warned China will fight to the end
- FOMC minutes largely neutral, emphasis on patience and that the inflation downturn is transitory
- UK PM May is to meet 1922 Committee Chair Brady on Friday, where leadership changes will be discussed; HoC Leader Leadsom resigned
- Looking ahead, highlights include German GDP & Ifo, French,...
- European Indices [Euro Stoxx 50 +0.3%] are positive, but have traded choppily for much of the session ahead of FOMC and as markets await further US-China updates
- On the Brexit front, the 1922 Committee are due to meet at 16:00BST, with speculation that if over half of the committee are in favour then Graham Brady will instruct PM May to leave
- Looking ahead, highlights include Canadian Retail Sales, DoEs, FOMC minutes, Fed’s Williams, Bostic, and BoE’s...
- Asian indices were mixed as markets await further US-China updates and FOMC minutes
- US is contemplating blacklisting as many as 5 Chinese surveillance firms
- UK PM May’s latest Brexit offer has led to a backlash from both Conservative Eurosceptics and the Labour Party
- Looking ahead, highlights include UK CPI, Canadian Retail Sales, DoEs, FOMC minutes, ECB’s Draghi, Praet, Fed’s Williams, Bostic, and BoE’s...
- European indices [Euro Stoxx 50 +0.6%] extend advances ahead of the US’s entrance to market
- In FX, the dollar broadly outperforms its G10 counterparts particularly antipodeans following RBA Governor Lowe stating they will consider a rate cut at June’s meeting
- Looking ahead, highlights include US Existing Home Sales, EZ Consumer Confidence (Flash), US & Japan Trade Talks, Fed’s Evans & Rosengren
Asian stocks eventually traded mostly...
- Asian indices were mixed following the negative Wall St lead, although, respite was granted as the US announced a 90-day general license for Huawei
- The RBA further tied their outlook to the labour market and Governor Lowe stated the board will consider lowering rates at the June meeting
- Looking ahead, highlights include US Existing Home Sales, EZ Consumer Confidence (Flash), US & Japan Trade Talks, Fed’s Evans & Rosengren, ECB’s de...