13 Feb 2020, 06:54 by Newsquawk Desk
- China's Hubei province reported 14840 new coronavirus cases under revised standards and 242 additional deaths as of February 12th
- Asian equity markets traded cautiously as the euphoria from the record highs on Wall St were soured by the latest updates from Hubei
- DXY stalled after printing fresh 3-month highs above the 99.00 level where it met resistance to provide some much-needed reprieve for EUR/USD
- US Treasury Secretary Mnuchin stated that the implementation of the mini-trade deal with China has...
12 Feb 2020, 12:03 by Newsquawk Desk
- European bourses are firmer on little direction-changing newsflow for risk sentiment thus far
- New Hampshire Democratic Primary results projected Bernie Sanders to win as expected with 26.0%, Buttigieg 24.4%, Klobuchar 19.8%, Warren 9.3% and Biden 8.4%
- RBNZ left rates unchanged at 1.0% and lifted their rate path, as such the NZD significantly outperforms
- Riksbank left rates unchanged at 0.0% and cut 2020 CPIF projections; albeit, Governor...
12 Feb 2020, 06:54 by Newsquawk Desk
- Asian equity markets were mostly higher but with gains limited as coronavirus fears lingered
- China reported an additional 2015 coronavirus cases and 97 deaths as of February 11th to bring total confirmed cases to 44653 and death toll at 1113
- RBNZ stood pat on rates as expected, whilst adopting an overall neutral tone
- EIA lowered its forecast for world oil demand growth for this year but increased its estimate for 2021 and reduced its forecast for US crude output growth
- Looking ahead,...
11 Feb 2020, 11:55 by Newsquawk Desk
- European bourses are firmer as sentiment remains risk-on following the APAC handover
- Coronavirus outbreak may peak later this month and then plateau, China Advisor Nanshan
- Russian Energy Minister Novak says they will hold a meeting tomorrow with domestic oil producers to discuss the OPEC+ deal
- The ECB could make a decision on whether to change its inflation goal by the Summer, in what is being described as a “rushed agenda”
- In FX, the DXY is softer this morning weighed on by activity...
11 Feb 2020, 06:54 by Newsquawk Desk
- Asian equity markets were higher across the board after taking the cue from US peers
- China reported 2478 new coronavirus cases and 108 new deaths as of Feb. 10th
- The ECB could announce a decision on whether to change its inflation goal by the Summer
- Fed's Daly said inflation a bit above target is 'far better' than a bit below
- Looking ahead, highlights include UK GDP (Q4 Prelim & Dec), Industrial and Manufacturing Output, US New Hampshire Democratic Primary, Fed’s Powell, Quarles,...
10 Feb 2020, 11:50 by Newsquawk Desk
- European bourses are subdued but have been bolstered, alongside sentiment in general, by comments out of China regarding coronavirus medicine provisions
- Chinese President Xi says China will adopt more decisive measures to contain the spread of the virus in the Hubei province, and will be speeding up development of clinically effective drugs
- Chinese Commerce Ministry says there is no reason to adopt intervention polices on international trade amid the coronavirus...
10 Feb 2020, 06:54 by Newsquawk Desk
- Asia-Pac stocks began the week with a sombre tone as the death toll for the Coronavirus has now surpassed that of SARS
- China’s total confirmed cases now stands at 40171 and total deaths at 908 as of February 9th
- Russian Energy Minister Novak stated that Russia is not yet prepared to announce its position on OPEC+ actions
- UK Foreign Minister Raab said a Singapore deal will be one of the first wave of free trade agreements and wants a deal...
07 Feb 2020, 11:47 by Newsquawk Desk
- Risk-off returns as sentiment dips on Coronavirus concerns and China postponing trade data
- European bourses/US futures suffer as safe havens rise after USD/CNH re-claimed 7.00 briefly
- China Customs Office says that they are to combine the months of January and February for reporting of trade data
- RBA Statement on Monetary Policy stated that policy is expected to remain accommodative for some time, cut GDP and forecasts assume a mid-2020 25bp...
07 Feb 2020, 06:55 by Newsquawk Desk
- Asian equity markets were mostly subdued after failing to benefit from the tailwinds on Wall St.
- China National Health Commission reported coronavirus cases now at 31161 and death toll at 636
- RBA Statement on Monetary Policy noted the Bank are discussing rate cuts but were wary of the risks associated with lower rates
- OPEC+ proposed a 600k supply cut through to June but are still awaiting Russia to sign off on it
- Looking ahead, highlights include German Industrial Output and Trade Balance,...
06 Feb 2020, 11:33 by Newsquawk Desk
- European equity markets have faded off highs [Eurostoxx 50 +0.4%] seen since the cash open as sentiment turned more cautious
- China reported total coronavirus cases were now at 28018 and total death toll at 563 as of Feb. 5th
- China is to cut tariffs by as much as 50% on USD 75bln of US goods effective February 14th
- Russia is reportedly not supporting a deeper oil cut and prefers an extension of the current OPEC+ pact, according to...
06 Feb 2020, 06:55 by Newsquawk Desk
- Asia-Pac equity markets got a lift from the tailwinds from Wall St. where S&P 500 and Nasdaq posted record closes
- China reported total coronavirus cases were now at 28018 and total death toll at 563 as of Feb. 5th
- China is to cut tariffs by as much as 50% on USD 75bln of US goods effective February 14th
- Russia is reportedly not supporting a deeper oil cut and prefers an extension of the current OPEC+ pact, according to...
05 Feb 2020, 06:55 by Newsquawk Desk
- Asian equity markets were positive across the board as the global rebound filtered through to the region
- China reported total coronavirus cases in the mainland are now at 24324 and total number of deaths was now at 490
- US President Trump’s administration is planning to meet later this month to discuss efforts to further limit exports to China and Huawei, according to WSJ
- RBA Governor Lowe says the board continues to discuss merits of further stimulus but also noted the economy is still passing...
04 Feb 2020, 11:58 by Newsquawk Desk
- Risk-on dominates this morning as little has occurred to changed yesterday’s positive narrative
- Iowa results have been delayed, expected to be released later tonight
- US Trump administration it to proceed with new rules that would enable the nation to impose punitive tariffs on goods from countries believed to have undervalued currencies
- China says they have suspended all activities for their Canton fair due to the coronavirus
- Looking ahead, highlights include US Factory Orders, New Zealand...
04 Feb 2020, 06:55 by Newsquawk Desk
- Asia-Pac equity markets traded higher after following suit to Wall St peers; Shanghai Comp +1.3%
- China’s National Health Commission said total confirmed cases of coronavirus is now at 20438 and death toll at 425
- RBA kept rates unchanged as expected and reiterated the main aspects of its statement which disappointed those anticipating a more dovish tone
- Democratic Iowa caucuses results were delayed due to quality checks amid inconsistencies
- USTR said there was no formal request from China on...
03 Feb 2020, 12:02 by Newsquawk Desk
- European bourses are largely little changed after China’s profoundly negative return, US futures indicate a firmer open
- EU unveiled a relatively unsurprising draft mandate for EU-UK negotiations which, as expected, emphasised the importance of a level-playing-field
- PM Johnson’s comments have been largely in-line with leaked remarks, taking a modestly hardline stance
- Conflicting source reports around potential Saudi Arabia/OPEC cuts to...
03 Feb 2020, 06:55 by Newsquawk Desk
- Shanghai Comp. played catch up to the global market rout despite supportive measures by Chinese authorities
- Shanghai copper, crude oil and Dalian iron ore futures all hit limit down on pent up selling from the Lunar New Year holiday
- China’s daily briefing confirmed 17205 coronavirus cases and the death toll at 361 as of February 2nd
- UK PM Johnson will set out a hardline stance on post-Brexit trade talks during a major speech today
- OPEC+ joint committee is reportedly to meet on Feb 4th-5th in...
31 Jan 2020, 11:42 by Newsquawk Desk
- European bourses are subdued as sentiment slips on further coronavirus contagion
- England's Chief Medical Officer has confirmed two cases of coronavirus in the UK
- High-beta currencies suffer vs. a little changed USD on risk-sentiment while debt has seen a marked recovery
- Looking ahead, highlights include US Core PCE, Employment Costs & Chicago PMI, Canadian GDP
- Earnings: Exxon Mobil, Chevron, Honeywell,...
31 Jan 2020, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed as early relief rolled over from the US following a "soft" declaration by the WHO on coronavirus
- WHO declared the coronavirus a Public Health Emergency of International Concern, although did not recommend limiting trade and movement
- China announced that confirmed coronavirus cases increased to 9692 and total deaths to 213
- Chinese PMI data was inconclusive in which Manufacturing PMI printed in-line with...
30 Jan 2020, 11:35 by Newsquawk Desk
- European bourses are subdued as risk-off resumes on growing virus concerns
- World Health Organization said evidence of human-to-human transmission outside of China is deeply concerning
- Japanese medical expert said it has been confirmed in China that the coronavirus can be transmitted from people without symptoms
- Ahead of BoE market expectations price in around a 50% chance of a cut vs. analyst consensus of 6-3...
30 Jan 2020, 06:54 by Newsquawk Desk
- FOMC stood pat on rates as expected (raised IOER), whilst reiterating that the current policy stance is appropriate
- China reported there are now 7711 total coronavirus cases and death toll at 170, while suspected cases are said to have increased to 12126
- Asian sentiment was downbeat as the overhang from the coronavirus outbreak continued to take its toll across the region
- UK PM Johnson will inform the EU he is prepared to accept post-Brexit border checks instead of Britain being under EU...
29 Jan 2020, 11:34 by Newsquawk Desk
- European bourses are rangebound in a mild reprive from coronavirus, as focus turns to earnings/FOMC
- SCMP article suggests that the coronavirus could impact Beijing’s ability to meet US-China Phase 1 trade deal import demands
- World Health Organisation are reportedly to hold a press conference at 14:00GMT on the Coronavirus
- Apple beat on top and bottom lines, and iPhone sales came in above expectations; 2% higher in pre-market
- Looking ahead, highlights include US Trade, Pending Home Sales,...
29 Jan 2020, 06:55 by Newsquawk Desk
- Asian equity markets were mostly higher as the region found some reprieve following the rebound on Wall St
- Total number of coronavirus cases in China rose to 5974 and total deaths at 132 as of Jan 28th
- People's Daily reported the coronavirus outbreak may reach its peak in one week or around 10 days
- SCMP suggested that the coronavirus could impact Beijing’s ability to meet US-China Phase 1 trade deal import demands
- Looking ahead, highlights include German GFK Consumer Sentiment, US Trade,...
28 Jan 2020, 11:42 by Newsquawk Desk
- Upside in European bourses wanes as coronavirus remains a concern
- World Health Organisation states that they have not seen any onward human-to-human spread of coronavirus by travelers returning from China; aside from one case
- China National Health Commission confirmed 4515 cases of coronavirus and total deaths at 106 as of end-January 27th
- OPEC are reportedly discussing extending oil output cuts until at least June, could deepen output cuts...
28 Jan 2020, 06:54 by Newsquawk Desk
- Hefty losses were suffered across Asia-Pac bourses as virus-induced fears caught up to several indices on their return from the extended weekend
- China National Health Commission confirmed 4515 cases of coronavirus and total deaths at 106 as of end-January 27th
- Hong Kong Government instructed all its employees to work from home until next week and will review the measure at the time
- Looking ahead, highlights include US Durables, Case-Shiller, Consumer Confidence, Richmond Fed, UK Announcement on...
27 Jan 2020, 11:34 by Newsquawk Desk
- Risk-off remains as coronavirus concerns continue to weigh
- China’s National Health Commission confirmed 2744 cases of coronavirus and death toll at 80 as of the end of January 26th
- China extended the Lunar New Year holiday to February 2nd to contain the coronavirus; unclear if market closures will follow suit
- Italy’s Centre-Left bloc defeated Salvini’s league in Emilia-Romagna, with BTP’s substantially outperforming as such
- FX space is mixed vs. a modestly firmer USD, with safe havens...