• US President Trump has increased tariffs to 25% from 10% on USD 200bln of Chinese goods; China says they will take countermeasures
• Choppy price action in Asian equities with Chinese Vice Premier Liu He reportedly stating that it is now up to President Trump and President Xi to work this out
• Looking ahead, highlights include German Trade Balance, UK GDP, Industrial, Manufacturing & Construction Output, US CPI, Canadian Building Permits & Jobs Report, Fed's...

• Major European indices [Euro Stoxx 50 -1.0%] remain subdued in-line with the performance seen overnight on continuing US-China uncertainty
• On the geopolitical front, and adding to the risk-off sentiment, reports state that North Korea fired what is likely to be two short-range missiles
• Looking ahead, highlights include US PPI & Wholesale Inventory, Fed's Powell, Bostic & Evans, RBNZ's Orr, supply from the US

ASIA-PAC

Asian equity markets were...

• Asian indices were negative ahead of the Chinese delegation arriving in Washington for the resumption of trade talks
• In FX, the DXY was steady along with other safe havens while remaining G10 currencies are subdued/flat vs USD
• Looking ahead, highlights include US PPI & Wholesale Inventory, Norges Bank Rate Decision, ECB's Lane & Nowotny, Fed's Powell, Bostic & Evans, RBNZ's Orr, supply from the UK & US
• Earnings: UniCredit,...

• Source reports indicate that China backtracked on legal issues affecting nearly every section of the proposed US trade agreement
• Major European indices [Euro Stoxx 50 -0.3%] have given up the mornings initial gains as sentiment turns once again on US-China updates
• FX markets are broadly reflecting the tentative tone, with JPY supported as a risk haven and Cable subdued on uncertainty around PM May’s departure
• Looking ahead, highlights include, ECB's Draghi, Fed's Brainard, Riksbank's af Jochnick,...

• Asian equity markets were mostly negative as ongoing US-China trade uncertainty continued to take its toll on risk sentiment
• UK PM May will reportedly stay in office until the Conservative party conference in September after setting a new summer deadline to finalize Brexit talks
• RBNZ cut rates by 25bps and lowered its forecasts for the future OCR path
• Looking ahead, highlights include, Swiss Unemployment Rate, German Industrial Output, BoE's...

• European Indices have drifted lower as the day progressed [Euro Stoxx 50 -0.6%], in-spite of reports that China’s VP Liu He is to attend trade talks in the US providing a boost to sentiment
• In FX, AUD is outperforming after the RBA stood pat and were less Dovish than anticipated in their statement; remaining G10 currencies are little changed vs USD.
• Looking ahead, highlights include US JOLTS EIA Short Term Energy Outlook, Fed's Kaplan & Quarles, BoE's Haldane, Supply from...

• Asian equities traded mixed as sentiment remained at the whim of the ongoing US-China trade uncertainty
• US Trade Representative Lighthizer confirmed the US will increase tariffs on China on Friday if there is no deal and that China was reneging on commitments
• UK PM May is facing fresh calls from within her party to step down as she attempts to secure a deal with Labour to break the Brexit deadlock
• Looking ahead, highlights include German Industrial Orders, US JOLTS, EU Commission Economic Forecasts,...

• European indices [Euro Stoxx 50 -2.0%] have succumbed to the risk off tone as US President Trump has threatened to hike tariffs on China, with Asia afflicted overnight from this, US equity futures are likewise subdued.
• Subsequently, China’s Foreign Ministry states that they hope the US can meet China halfway and are preparing to go to the US; although, they refrained to comment in Vice Premier Liu He will attend.
• In FX, safe havens propser while the remaining G10 currencies broadly underperform the...

• Asia-Pac indices and US equity futures began the week with heavy losses as President Trump heightens tensions in the US-China trade war

· Subsequently, China is reportedly mulling cancelling trade discussions this week following US President Trump's tariff threats

·UK PM May remains optimistic that she is nearing a deal with the opposition Labour party on Brexit; MPs in her party and across the aisle are less upbeat about the prospects for a...

• European indices on the front foot [Euro Stoxx 50 -0.3%], but bonds backpedaling pre-NFP
• USD remains firm with the DXY just below the 98.0 level ahead of NFP
• Looking ahead, highlights include US Jobs Reports, US ISM Non-Manufacturing, Fed's Evans, Clarida, Williams & Bowman
• Earnings: Berkshire Hathaway, American Tower

ASIA-PAC

Asian equity markets were mixed with the region cautious ahead of the looming US NFP data and after losses on Wall...

• Asian equity markets were mixed with the region cautious ahead of the looming US NFP data and after losses on Wall St
• A report suggested that US and China trade talks may have hit an impasse. However, comments from US Commerce Secretary Ross suggested the two nations are in the end-game of negotiations
• Latest UK local council election results show Labour Party councillors dropped by 53 to 601 and Conservative party councillors dropped by 117 to 512 in England
• Looking ahead, highlights include UK...

• European indices [Euro Stoxx 50 -0.3%] have traded indecisively this morning as the region struggles to find direction
• In FX, the USD has lost a degree of its post-FOMC momentum, with the EUR garnering support from the EZ PMIs this morning
• On the trade front, reports indicate that Chinese Foreign Minister Yi is to travel to the US on Tuesday
• Looking ahead, highlights include, US Initial Jobless Claims and Labour Costs, US Factory Orders, BoE Rate Decision, QIR and Press Conference, ECB's...

• FOMC left rates unchanged as expected and announced a ‘technical’ cut in the IOER; Chair Powell stated that he does not see the case for moving policy in either direction
• Asian indices were mixed, as most of the region returned from market holidays, somewhat diverging from the negative Wall St lead
• Sources state that a US-China trade deal may be possible by next week, with reports indicating that there has been significant progress; however, the details still need to be worked out
• Looking ahead,...

• Markets have been quiet due to the mass closures for Labour Day, while the FTSE 100 (+0.1%) is similarly uninspiring
• In FX sterling outperforms but the broadly in line PMI did little for the currency, while NZD underperforms following the weak jobs data
• Looking ahead, highlights include US ADP & Construction Spending, US ISM Manufacturing PMI, FOMC Rate Decision & Press Conference, BoC's Wilkins and Poloz
• Earnings: CVS, Qualcomm. CME Group, Automatic Data Processing,...

• A quiet tone was observed in Asia-Pacific amid market closures, US equity futures were underpinned after-hours following Apple earnings
• Eurosceptic ministers fear that PM May is preparing to give in to Labour demands on Brexit after they were told an unpalatable result would be better than a disastrous one
• Looking ahead, highlights include UK Manufacturing PMI, US ADP & Construction Spending, US ISM Manufacturing PMI, FOMC Rate Decision & Press Conference, ECB's de Guindos, BoC's Wilkins and...

• European indices have continued to drift lower following on from the predominantly downbeat Asian session
• On the data front EZ GDP came in above expectations, with State German CPI’s all increasing vs. their priors ahead of the German prelim figure at 13:00BST
• Looking ahead, highlights include German CPI (Prelim), Canadian GDP, US Chicago PMI & Consumer Confidence, BoC’s Poloz & Wilkins
• Earnings: Apple, Amgen, Arconic, Pfizer,...

• Asian equity markets traded mostly lower following weaker than expected Chinese PMI data and as the region digested a heavy slate of earnings
• UK PM May is reportedly facing a grassroot vote demanding her resignation while cross party talks are said to have been better
• Looking ahead, highlights include German Gfk, Import Prices & CPI (Prelim), Canadian GDP, US Chicago PMI & Consumer Confidence, BoE’s Ramsden, BoC’s Poloz & Wilkins, Supply from Italy &...

• European indices have continued to edge lower after a choppy morning for stocks [Euro Stoxx 50 -0.5%]
• On the trade front, US Treasury Secretary Mnuchin says that trade negotiations with China are now in their final laps
• Looking ahead, highlights include US Personal Income & Consumption, US PCE Price Index & Dallas Fed
• Earnings: Alphabet, NXP Semiconductor

ASIA-PAC

Asian equities traded mixed despite last Friday’s gains on Wall St where...

• Asian equities traded mixed despite last Friday’s gains on Wall Street, Japanese markets were closed due to the Golden Week Holiday
• Spain’s election showed that no party won a majority, but the Socialists emerged as the only party with a chance of forming a governing coalition
• UK Labour is said to be prepared to sign up to a Brexit deal with the government without the promise of a referendum attached if cross-party talks make significant progress in the coming...

• Major European indices are little changed with the markets focus remaining firmly on earnings
• On the trade front it has been reported that if a deal is finalised, Chinese President Xi could sign the deal in the US as early as June
• Brent and WTI prices have extended on losses this morning, with some citing this to technical factors
• Looking ahead, highlights include, US GDP (Advance)
• Earnings: Exxon Mobil, Colgate, Chevron, American Airlines

ASIA-PAC

Asia-Pac risk sentiment...

• Asia-Pac risk sentiment was mostly downbeat as markets remained heavily focused on earnings releases and following the lacklustre performance of counterparts stateside
• UK officials have conceded that UK PM May does not have enough time to get her Brexit deal passed by Parliament and avoid taking part in EU elections
• DXY consolidated after the prior day’s choppy price action but remained considerably firmer on the week and above the 98.00 level
• Looking ahead, highlights include, US GDP (Advance),...

• European Indices [Euro Stoxx 50 -0.3%] are trading with losses after a earnings dominated morning
• BoJ & Riskbank kept rates unchanged but both altered their forward guidance
• UK PM May is reportedly planning a Withdrawal Agreement Bill vote for next week, subsequently a source has suggested there is no plan for such a vote next week
• Looking ahead, highlights include US Durable Goods & Initial Jobless Claims, New Zealand Trade Balance, ECB’s de Guindos Speaking, Supply from the...

• Asian equity markets traded cautiously following an uninspiring lead from Wall St
• BoJ kept monetary policy settings unchanged as expected but tweaked forward guidance and lowered GDP and CPI forecasts
• UK PM May is reportedly planning a Withdrawal Agreement Bill vote for as early as next week
• Looking ahead, highlights include US Durable Goods & Initial Jobless Claims, New Zealand Trade Balance, Riksbank Rate Decision & Press Conference, ECB’s de Guindos Speaking, Supply from the...

• European indices are mixed [Euro Stoxx 50 -0.1%] in-spite of strong earnings from heavy weight names such as SAP, Credit Suisse and Novartis
• UK PM May is preparing to challenge the opposition Labour Party to support the Brexit bill before European Parliamentary elections if cross-party discussions fail
• In FX, AUD underperforms as the weaker than expected inflation data raises the likelihood of a RBA rate cut
• Looking ahead, highlights include BoC Rate Decision & Press Conference, Supply from the...

• Asian equity markets traded mixed after the region failed to sustain the tailwinds from Wall St after the S&P 500 and Nasdaq posted fresh record closes
• UK PM May is preparing to challenge the opposition Labour Party to support the Brexit bill before European Parliamentary elections if cross-party discussions fail
• AUD/USD slumped as Australian inflation data missed expectations across all components, which spurred the likes of Citi, JP Morgan and RBC all calling for a cut at the next...