• 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...
  • 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,...
  • 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...
  • 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


Asian stocks traded indecisively with the...

  • 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,...
  • 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...
  • 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...
  • 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...
  • 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...
  • Monday: BoJ Minutes, Eurozone Consumer Confidence (Final), New Zealand Trade Balance
  • Tuesday: US Consumer Confidence, US Case Shiller, Japan Retail Sales
  • Wednesday: FOMC Interest Rate Decision, Australia CPI, US Pending Home Sales, US-China trade talks
  • Thursday: US PCE (TBC), US Chicago PMI, China PMIs, Eurozone GDP Flash & Unemployment, Canadian PPI, Japan Labour Report, US-China trade talks
  • Friday: EZ (F), UK, US mfg PMIs, US NFP, ISM mfg PMI, Uni. Of Michigan
  • 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


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

  • 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
  • ...
  • 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,...
  • 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...
  • 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...
  • 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.
  • 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...
  • 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


US President...

  • 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
  • ...
  • 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...

Mon: Germany Gfk Consumer Confidence, China GDP & Retail Sales

Tue: UK Labour Report, US Existing Home Sales, NZ CPI, Hungary rate decision, US Existing Home Sales, Japan Trade Balance

Wed: BoJ, Canadian Retail Sales, Australia PMIs, Eurozone Consumer Confidence

Thu: ECB, Norges Bank, Australia Labour Report, Eurozone & US PMIs, Japan CPI

Fri: US Durable Goods, New Home Sales

  • 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


Asian equity markets...

  • 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,...
  • 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


Asian equity...


Asian equity markets were choppy throughout the session but eventually followed suit to the gains on Wall St

UK PM May defeated the no confidence motion as expected via 325 to 306 votes and has continued to declare her intention to deliver Brexit

Labour Party leader Corbyn has declared there will be no talks with PM May until a no-deal Brexit is off the table

Looking ahead, highlights include EZ Final CPI, US Initial Jobless Claims &...

In a rush? Get fully briefed on the latest in under 5 mins via our EU podcast! https://t.co/naa20RMgUL Feel free t… https://t.co/fqVdkoPZay