Newsquawk

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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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  • Early EU sentiment undermined by disappointing Chinese data, EZ PMIs and negative Brexit rumblings
  • Some respite as China looks set to temporarily lift retaliatory tariffs on US cars
  • Looking ahead highlights include, US Retail Sales, Flash PMIs, Industrial Production and Baker Hughes rig count

ASIA

Asian equity markets were negative across the board as sentiment in the region soured following the...

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  • European equities trade mixed (Eurostoxx 50 -0.1%), UK’s FTSE 100 outperforms as it plays catch-up
  • The Dollar has lost more ground vs most G10/major rivals, but remains mixed vs EMs
  • Looking ahead, highlights include a speech by ECB’s Praet, and weekly API crude inventories

ASIA

Asian equity markets traded mostly higher as the region got a tailwind from US where the S&P 500 and Nasdaq extended on record highs with sentiment supported after...

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  • Asian equity markets initially followed suit from Friday’s gains on Wall St, although upside was limited by ongoing US-China trade tensions
  • UK Trade Secretary Fox has placed the chances of leaving the EU without a deal at "60-40"
  • Looking ahead, today sees a lack of tier 1 releases

ASIA

Asian equity markets began the week mostly positive as bourses followed suit from Friday’s gains on Wall St, although upside was limited as the region...

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Arrivals scheduled at 12:30BST/06:30CDT on Thursday and 07:00BST/01:00CDT on Friday 

  •  EU Summit is to be dominated by the migration issue
  •  Brexit talks at the Summit to show little development 

MIGRATION ISSUE 
Leaders are expected to discuss the internal and external dimensions of the migrations policy. German Chancellor Merkel has been facing a domestic battle over migration with CSU coalition partners, which want ot...

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  • SNB is expected to stand pat on policy rate at -0.75%, with little change anticipated to the policy statement
  • The central bank is likely to reiterate its commitment to FX intervention in order to offset any unwanted appreciation of the “highly valued” CHF

EXPECTATIONS

The Swiss National Bank is expected to keep rates unchanged, maintaining the Sight deposit rate at -0.75%, and the 3-month LIBOR target range between -1.25% and -0.25%. In recent...

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  • Asian equities failed to hold on to opening gains as trade concerns gripped sentiment ahead of China-US trade talks
  • In FX, DXY is softer and underpinning its peers with GBP/USD also supported by reports that the UK is to tell the EU it is prepared to remain in the customs union arrangement beyond 2021
  • Looking ahead, highlights include US weekly jobs, Philly Fed, ECB’s Constancio, Fed’s Kashkari, Kaplan and BoE’s Haldane

ASIA

Asian equity...

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Asian stocks traded mostly positive after sentiment rolled over from the US

In FX markets, USD languished around the 92.50 level after a pullback from the YTD highs.

Looking ahead, highlights include Canadian jobs report, Uni of Michigan, Baker Hughes, Fed’s Bullard and ECB’s Draghi

ASIA

Asian stocks traded mostly positive after sentiment rolled over from the US where soft CPI data spurred hopes the Fed may have to slow the pace of hikes, while all sectors in the S&P 500...

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