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  • A mixed start to the week for Asian indices, as Friday’s momentum fades and markets catch up from their extended weekend
  • On the Brexit front, the government is prepared to change the Political Declaration to achieve a deal while the EU thinks May’s short extension is risky
  • Looking ahead, highlights include German Trade, US Factory Orders, Durables Revisions, ECB’s de Galhau, BoC’s Wilkins, Norges Bank’s Olsen, Riksbank’s...
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  • Monday: US Factory Orders
  • Tuesday: EU General Affairs Council, EIA STEO
  • Wednesday: FOMC Minutes, ECB, OPEC MOMR, UK GDP, US CPI, Trump to meet South Korea President Moon, EU Brexit Summit
  • Thursday: IEA Oil Market Report, Indian Elections Start, US PPI
  • Friday: Revised Brexit date (TBC), Eurozone Industrial Production, Uni of Mich (prelim)

 

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  • Major European indices are little changed [Euro Stoxx 50 U/C], continuing the cautious tone seen in Asia ahead of today’s key risk events.
  • US-China trade discussions continue, with Chinese Vice Premier Liu He saying the two sides have reached a new consensus on key issues, working to conclude talks swiftly
  • In a letter to EU’s Tusk, UK PM May has proposed a Brexit extension until 30th June 2019
  • Looking ahead, highlights include US & Canadian Jobs Report & Fed's...
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  • Asian indices were cautious ahead of today’s key risk events and thinner trade amid market holidays
  • US-China trade narrative continues, with President Trump and USTR noting that progress has been made, but the deal is not there yet
  • UK PM May is drafting letters for EU’s Tusk and Labour’s Corbyn regarding an extension and an offer respectively
  • Looking ahead, highlights include German Industrial Output, US & Canadian Jobs Report, Fed's...
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  • European indices have traded lackluster this morning [Euro Stoxx 50 U/C] as markets await US-China updates and ahead of key risk events
  • MPs marginally approved a bill preventing a no-deal Brexit, but rejected restricting extension date to before May 22nd & further indicative votes
  • Looking ahead, highlights include ECB Minutes, US Initial Jobless Claims, Fed's Williams, Mester & Harker

 

ASIA-PAC

Asian equity markets traded cautiously with the region tentative...

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  • Asian indices were mixed with sentiment kept afloat by US-China trade optimism; notably, speculation around an imminent sign-off date for a deal
  • MPs narrowly approved a bill to prevent a no-deal Brexit, but rejected restricting extension date to before May 22nd & further indicative votes
  • Looking ahead, highlights include German Industrial Orders, ECB Minutes, US Initial Jobless Claims, RBI Rate Decision, Fed's Williams, Mester & Harker, supply from Spain...
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  • European indices are firmer [Euro Stoxx 50 +0.7%] as the positive sentiment from Chinese PMI’s and US-China trade continues to drive markets; note, the FTSE 100 (U/C) is lagging on sterling strength
  • Dollar is subdued weighed on by G10 counterparts strength on the back of risk sentiment, Brexit updates & EZ PMIs
  • Looking ahead, highlights include US Services PMIs, US ADP National Employment, US Non-Manufacturing ISM PMI, Fed's Bostic, Barkin, George &...
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  • Asian indices were firmer with sentiment driven by Chinese PMIs and US-China trade; ahead of further talks in Washington
  • UK PM May seeks a further A50 extension and a solution with Labour leader Corbyn
  • Looking ahead, highlights include EZ, UK & US Services PMIs, EZ Retail Sales, US ADP National Employment, US Non-Manufacturing ISM PMI, Fed's Bostic, Barkin, George & Kashkari

 

ASIA-PAC

Asian...

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  • Once again, none of the Brexit indicative motions reached a majority in the House of Commons, though a customs union moved closer to passing
  • European indices are largely unchanged as the data driven momentum fades
  • Dollar is outperforming G10 counterparts buoyed from yesterday’s data and the underperformance of AUD, NZD & GBP
  • Looking ahead, highlights include US Durable Goods, APIs & Fed’s Kaplan

ASIA-PAC

Asian equity markets were mostly higher as the regional...

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  • Asian indices were firmer following gains on Wall St. as the data driven sentiment continues
  • Once again, all Brexit motions were rejected, though a customs union moved closer to passing; ahead of today’s cabinet meeting and another potential vote on Thursday
  • RBA kept rates unchanged as expected, maintained a neutral tone and stated that policy will be set to support growth
  • Looking ahead, highlights include UK Construction PMI, US Durable...
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  • Major European indices are firmly in the green [Euro Stoxx 50 +0.8%] as the China fueled momentum rolls on from overnight
  • Dollar underperforms most G10 counterparts; excluding JPY which is subdued by the improvement in risk sentiment
  • Another busy day of Brexit ahead, amendment selection for today’s indicative votes by Speaker Bercow due around 14:30BST/08:30CDT & voting to commence around 20:00BST/14:00CDT
  • Looking ahead, highlights include US Manufacturing PMIs, US Retail Sales, Business...
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  • Asian indices were positive as momentum carried over from Wall St; risk tone was boosted by a beat in Chinese PMIs
  • US-China talks make ‘new’ progress, although China remains cautious 
  • No clear path for UK PM May or her deal, which may be pitted against the most popular motion from indicative voting
  • Looking ahead, highlights include EZ, UK & US Mfg PMIs, EZ CPI, US Retail Sales, Business Inventories, Construction Spending, ISM Mfg,...
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  • Monday: ISM Mfg, Mfg PMIs, EZ CPI, US Retail Sales, Construction Spending.
  • Tuesday: RBA, EZ Unemployment, US Durable Goods.
  • Wednesday: Services PMI; ISM non-Mfg; China Vice Premier Liu travels to US for trade talks; Aus Trade Balance; US ADP.
  • Thursday: RBI, US Challenger Job Cuts, US and Canadian Labour Market Reports.
  • Friday: No major releases.
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  • Major European Indices [Euro Stoxx 50 +0.5%] are higher continuing the positive momentum from Asia – Of note, all of the Big 4 Chinese banks have now reported
  • House of Commons vote on the Withdrawal Agreement 14:30GMT/10:30EDT; no amendments have been selected for debate in Parliament
  • Dollar remains firm, but has lost some momentum against G10 counterparts while cable is somewhat depressed ahead of todays vote.
  • Looking ahead, highlights include, US PCE Price Index, Canadian GDP, Fed's Williams &...
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  • Asian equity markets were higher across the board, Shanghai Composite outperformed as US-China trade talks are underway
  • US Treasury Secretary Mnuchin said that US and Chinese negotiators had a productive working dinner last night in Beijing
  • UK House Speaker accepted a vote on the Withdrawal Agreement for today at around 1430GMT/1030EDT; Labour and DUP parties are set to vote against it
  • In FX markets, the DXY held steady above the 97.00 level...
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  • European Indices [Euro Stoxx 50 +0.3%] have gained some traction, diverging from the mostly negative performance seen in Asia – for reference, 2 of China’s Big 4 banks have now posted earnings
  • US-China trade talks progress; IP and enforcement remain sticking points
  • No majority for any Brexit indicative option & DUP are to oppose PM May’s deal
  • Looking ahead, highlights include German National CPI (Prelim), US GDP (Final) & Initial Jobless Claims, Japanese Tokyo CPI & Retail Sales,...
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  • Asian indices were mixed, as the region somewhat diverged from Wall Street’s negative lead – China’s 2nd largest bank posted disappointing earnings, ahead of the other Big 4’s results
  • US-China trade talks progress; IP and enforcement remain sticking points
  • UK PM May lays out resignation path, no majority for any indicative option; while DUP are to oppose PM’s deal
  • Looking ahead, highlights include German State & National CPI (Prelim), US...
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  • European equities have been choppy [Euro Stoxx 50 -0.4%], following the significant downturn seen in risk sentiment after a somewhat mixed lead from Asia
  • House of Commons Speaker Bercow is to select indicative vote options around 15:00GMT/11:00EDT & voting is to begin around 19:30GMT/15:30EDT
  • Dollar has conceded some ground against G10 currencies, with the exception of antipodeans after the RBNZ providing a more dovish outlook on the rate path
  • Looking ahead, highlights include US and Canadian...
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  • Asian equity markets were mixed as the region somewhat failed to maintain the broad positive momentum from US where all majors finished in the green
  • Opposition Leader Corbyn is preparing to whip his MPs to back a move today that would keep Britain in the single market and customs union
  • Note, House Speaker Bercow is set to name the options for indicative votes around 1500GMT today
  • Looking ahead, highlights include US and Canadian trade, DoEs,...
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  • European Indices are slightly firmer, taking impetus from the mild recovery staged late in Wall Street and overnight
  • In terms of FX, the greenback remains rangebound and mixed vs G10 counterparts
  • UK Parliament voted (327 vs. 300) to approve government motion which included the Letwin amendment (A) of taking control of Parliament time to hold indicative votes on Brexit options
  • Looking ahead, highlights include US Building Permits & Housing Starts, US Consumer Confidence, Fed's Daly, BoE's...
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  • Asian equity markets were mostly higher as the region took the consolidation on Wall St as a cue to pick itself up from the prior day’s sell-off
  • UK Parliament voted (327 vs. 300) to approve government motion which included the Letwin amendment (A) of taking control of Parliament time to hold indicative votes on Brexit options
  • In FX markets, price action left much to be desired with the DXY stuck around the 96.50 level as most major currencies traded rangebound...
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  • European Indices [Euro Stoxx 50 -0.2%] are lower but edging towards positive territory, as risk sentiment recovers
  • US AG Barr’s summary of the Mueller Report stated that President Trump's campaign did not collude with Russia during the 2016 election but stopped short of exoneration
  • In FX markets, DXY resides within a tight range whilst GBP is tentative ahead of another crucial week for Brexit
  • Looking ahead, highlights include NZ trade...
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  • Asian equity markets began the week with hefty losses as the region followed suit to the stock sell-off last Friday on Wall St
  • UK PM May has resisted pressure to set a date for her departure in return for support for her EU divorce deal after a threatened cabinet coup fizzled out
  • US AG Barr’s summary of the Mueller Report stated that President Trump's campaign did not collude with Russia during the 2016 election but stopped short of...
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  • Monday: US New Home Sales, Apple Event.
  • Tuesday: US Durable Goods, Case Shiller, Consumer Confidence.
  • Wednesday: RBNZ.
  • Thursday: SARB, US GDP (final), Eurozone final Consumer Confidence, US Pending Home Sales, Banxico, Japan Labour market & Retail Sales.
  • Friday: UK was scheduled to withdraw from EU; UK GDP; US PCE; Canada GDP; Uni of Michigan (final).
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  • Major European indices are firmly in the red [Euro Stoxx 50 -0.7%], weighed on by dismal PMIs; notably, German Manufacturing PMI plummeting to a 72-month low
  • US President Trump says the deal with China is coming along very well
  • EU leaders will give the UK an extension until May 22nd if parliament agrees to May’s deal next week, if rejected, the UK will have until April 12th to indicate a way forward
  • Looking ahead, highlights include US PMIs (Flash), Canadian CPI & Retail Sales, US Existing Home...
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Asia stocks begin negative following a weak lead from US where the majors declined for a 2nd consecutive day amid m… https://t.co/9pyde5kC8F