• US President Trump’s announcement of a China tariff extension spurs markets into risk on trade
• GBP shrugs off UK PM May delaying meaningful vote again, with suggestions abound of an extension to Article 50
• Looking ahead, highlights include US National Activity Index and US 2yr, 5yr note auctions

TRADE

US President Trump said he will be delaying the deadline for the China tariff hike, and assuming US and China make additional progress, he will be planning a Summit...

• US President Trump announced an extension to the March 1st trade deadline whilst citing substantial progress on key issues
• UK PM May is reportedly considering delaying Brexit by two months, whilst EU are said to be mulling a proposal for a Brexit delay until 2021
• UK PM May confirmed a meaningful vote will not take place this week, MPs will get to vote by March 12th
• Asian stocks started the week with modest gains following a strong lead from Wall Street, Mainland China outperformed on...

• All quiet on the western front ahead of US President Trump’s scheduled talks with Chinese Vice-Premier Liu He at at 1430EST
• Clouds clear downunder for the AUD as Aussie-Dailan coal import story categorically denied
• UK Official notes that it is very unlikely a Brexit deal will be voted on next week
• Looking ahead, highlights include, Canadian Retail Sales, Fed's Bostic, Williams, Daly, Clarida, Bullard & Harker, ECB's Draghi &...

• Asian stocks were mixed following the weak lead from their peers on Wall St. where all US major indices declined and the Nasdaq snapped its 8-day win streak
• US President Trump is expected to meet with China Vice Premier Liu He today at 1430EST
• As many as 25 UK government members are ready to vote for a Brexit delay unless UK PM May rules out a "no-deal"
• EU expects PM May to be forced to request a 3-month extension to...

• Mixed trade for European stocks [Euro Stoxx 50 +0.1%] despite a firmer Asia trade
• Aussie and Kiwi remain the underperformers while GBP gave up gains on Brexit impasse
• Looking ahead, highlights include ECB Minutes, US Durable Goods & Existing Home Sales, US Philly Fed Business Index, ECB’s Praet, BoE’s Haldane, Fed’s Bostic & BoC’s Poloz
• Earnings: Kraft-Heinz

• FOMC minutes stated that almost all Fed officials wanted to halt the balance sheet run-off later this year, whilst several officials see a 2019 rate hike if the economy remains on track
• US and China are drafting 6 MOUs on key structural issues which will cover IP, property, services, tech transfer, agriculture, currency and non-tariff barriers
• EU reportedly wants proof that UK MPs are willing to back revised deal before EU leaders sign off on deal...

• Major indices in Europe have somewhat waned off earlier highs [Euro Stoxx 50 +0.1%] following a relatively indecisive Asia-Pac session
• UK Tory MPs Heidi Allen, Anna Soubry and Sarah Wollaston have resigned from the Conservative Party and joined the Independent Group
• The greenback has regained some poise after yesterday’s relatively pronounced downturn ahead of the FOMC minutes later today
• Looking ahead, highlights include EZ Consumer Confidence, FOMC Minutes, Fed’s Kaplan,...

• Asian stocks traded somewhat indecisively following the cautious gains seen on Wall St. ahead of upcoming risk events
• UK PM May is considering plans to bring forward the meaningful vote on Brexit deal to next week in an effort to ward off the threat of resignations by pro-European MPs
• US President Trump said China talks are going well but are complex and that March 1 deadline is not a magical date
• Looking ahead, highlights...

• Choppy trade in EU stocks after mixed cue from Asia, and awaiting Wall St.’s return
• DXY retests 97.000 to the upside while EUR and GBP decline on Brexit and growth woes
• Looking ahead, highlights include Fed’s Mester, ECB’s Praet, Riksbanks’ Ingves Speaking & Earnings from Walmart

• Asian stocks were mixed as the region struggled for firm direction following yesterday’s rally and after a non-existent lead from the US
• UK Brexit Minister Barclay said he had a positive meeting with EU Chief Brexit negotiator Barnier and agreed to meet again mid-week
• US and China are reportedly scrambling to at least produce a memorandum of understanding by the end of today which could help pave the way for a Trump-Xi meeting
...

• Asian stocks kick-started the week on the front-foot as the region followed suit to last Friday’s gains on Wall St. where sentiment was buoyed by US-China trade talks
• US President Trump tweeted that US-China trade talks are very productive, and progress is being made on many fronts
• France and other European countries are reportedly ready to give the UK legally binding assurances that the Northern Irish backstop is temporary
• Looking ahead, highlights include UK Brexit Secretary...

• EU bourses reversed opening losses [Eurostoxx 50 +1.0%] amidst US-Sino trade optimism
• US and Chinese officials report new progress in latest talks, ahead of further dialogue next wee
• US President Trump is to deliver remarks on border at 1000EST/1500GMT
• Looking ahead, highlights include, US NY Fed Manufacturing & Uni of Michigan Sentiment, US Import/Export Prices, US Industrial Production & Manufacturing Output, ECB's Coeure, Fed's Bostic...

• Asian equity markets traded mostly negative following the weakness of their counterparts in US
• US Congress passed the government funding and border security bill, which President Trump is expected to sign but is also anticipated to declare a national emergency
• US and China are reportedly scrambling to at least produce a memorandum of understanding by the end of today which could help pave the way for a Trump-Xi meeting
• UK...

• Major European indices are predominantly in the green [Euro Stoxx 50 +0.4%] with CAC and SMI leading gain
• DXY flirts with new YTD high but NZD outperforms
• Looking ahead, highlights include US PPI & Retail Sales, Fed's Harker, Norges' Olsen, HoC Vote on PM May's Brexit Plans
• EARNINGS: Coca-Cola, Duke, CME Group, Zoetis, IQVIA, Waste Management, NVIDIA

• Asian equity markets were indecisive amid Chinese trade data and as senior level US-China trade talks began in Beijing
• ERG is said to have told the Chief Whip they will not back the government today unless the motion on leaving the EU was changed; Government has so far refused
• Looking ahead, highlights include German GDP (Flash), EZ Employment & GDP (Flash), US PPI & Retail Sales, BoE's Vlieghe, Fed's Harker, Norges' Olsen, HoC Vote on PM...

• Major European indices mostly flat-to-firmer but off best levels with the IBEX underperforming ahead of Spanish budget vote
• NZD and SEK outperform after less-dovish Central Bank policy statements
• Looking ahead, highlights include US CPI, Japanese GDP, ECB’s Visco, Fed's Mester, Bostic & Harker, RBNZ’s Orr Speaking

• All major European indices are in the green [Euro Stoxx 50 +1.0%], continuing from the optimism seen in Asia overnight on US-China trade and the potential for averting a US government shutdown.
• Greenback remains strong following reports that Lighthizer and Mnuchin have arrived in Beijing ahead of trade talks.
• Looking ahead, highlights include ECB’s Lautenschlaeger, Fed’s Powell & Mester, BoE’s Carney, UK PM May Updating House of Commons on Brexit, OPEC Monthly Oil...

Asian equity markets traded mostly higher amid cautious optimism regarding US-China trade talks and hopes of averting a government shutdown

• Risk appetite has supported EU stocks (Euro Stoxx 50 +0.8%) ahead of crucial trade talks this week
• DXY gains more ground, eyeing YTD highs and then the 97.000 mark
• Bipartisan talks over the weekend regarding funding for the border wall is said to have reached a stalemate ahead of this week’s government shutdown deadline
• Looking ahead, highlights include Canadian Trade Balance, Fed’s Bowman

• Asian equity markets began the week mixed following the similar performance of their US peers on Friday and ahead of US-China trade talks
• UK PM May has agreed to talks with Labour leader Corbyn regarding a soft Brexit according to The Telegraph; later reports suggest she has rejected this potential pivot
• CHF saw volatility overnight amid a mini ‘flash-crash’ which saw the currency weaken by 1% which some attributed to stops being taken out amid...

• Major European equities are mostly idling, but auto names briefly reversed on reports that US are considering 3 potential car tariff options
• DXY remains above 96.500, while Aussie slumped on RBA’s SOMP
• Looking ahead, highlights include Canadian Employment Data & Fed's Daly Speaking
• EARNINGS: Exelon Corp, Ventas, Phillips 66

• Asian stocks traded negatively with global risk appetite subdued by growth concerns and after trade-related fears resurfaced
• US President Trump said he will not meet Chinese President Xi before the March 1st deadline
• UK PM May has approached Labour MPs to table an amendment guaranteeing that the UK will match EU workers’ rights post-Brexit
• Looking ahead, highlights include German Trade Balance, Norwegian GDP, French &...

• Major European equities extended losses [Euro Stoxx 50 -0.8%] as the risk-averse sentiment intensified following the European Commission’s cut to Eurozone GDP and inflation
• DXY advances further above 96.500 while EUR/USD and GBP/USD fell below 1.1350 and 1.2900 respectively
• Looking ahead, highlights include BoE Rate Decision, Press Conference & QIR, US Initial Jobless Claims, Fed's Kaplan & Clarida, UK PM May meeting European Council President Tusk, US Auction
...

• Asian equity markets were somewhat mixed with the region cautious following the subdued performance on Wall St
• UK Parliament is now said to be planning a 2nd Brexit vote at the end of the month, ministers believe an extension of Article 50 is now inevitable
• In FX markets, the DXY stayed firm and held near 2-week highs as its counterparts languished. NZD/USD heavily pressured on poor employment data
• Looking ahead, highlights...

• Major EU equities in the red [Euro Stoxx 50 -0.2%], but IT outperforms sector-wise
• DXY extends gains above 96.000 while AUD underperforms on dovish Lowe, EUR dipped on German factory orders
• Looking ahead, highlights include US International Trade, EIA Inventories, Brazilian Rate Decision, Fed Chair Powell, Fed’s Quarles and BoC’s Lane, US 10yr Note Auction
• EARNINGS: Prudential Financial, Chipotle, General Motors, GlaxoSmithKline