Newsquawk

Blog

  • Asian stocks began the year in positive territory, supported by strong Chinese data
  • FX trade relatively sideways overnight with AUD the outperformer following Chinese manufacturing PMI
  • Looking ahead, highlights include Eurozone, UK and US manufacturing PMIs

ASIA

Asian stocks began the year in...
Categories:

  • Both the House and Senate passed the stop-gap measure which would avert a shutdown and keep the government funded tspanough to January 19th
  • Unionist Citizens (anti-independence) party won the most seats in the Catalan Parliamentary Elections, although separatists groups collectively still retained a majority in Parliament and took 70 out of the 135-seat...
Categories:

  • Congress have passed tax reforms, focus now turns to avoiding a government shutdown by Saturday
  • BoJ maintained QQE with yield curve control and kept negative rates at -0.10% as expected
  • Highlights include US GDP, PCE, Philly Fed and Canadian CPI

ASIA

Asia stocks...
Categories:

  • US House initially voted 227 vs. 203 to pass the tax reform bill. However, it was later reported that the House hit a procedural snag
  • US Senate voted 51 vs. 48 to approve the Republican tax bill as expected and sent the bill back to the House for a final vote
  • Looking ahead, highlights include the Riksbank rate decision, DoEs and NZ...
Categories:

  • Asian equity markets were mostly positive as the region followed suit from US with the GOP now seen to have secured enough votes for passage of the tax bill
  • EU's Barnier said that the UK cannot have a special deal for the City with Davis warning the EU that they cannot cherry-pick during trade talks
  • Looking ahead, highlights include German IFO, US...
Categories:

  • Asia equity markets began the week mostly positive following Friday’s gains on Wall St. where tax reform optimism buoyed all major indices to record levels
  • EU Brexit Chief Michel Barnier said the EU is not prepared to come up with a makeshift trade deal for the UK that knits together all the best bits of existing models
  • Looking...
Categories:

  • Asian stocks were mostly lower as a downbeat tone rolled over from Wall St, where sentiment was pressured on tax reform discord
  • ECB sources suggested that a minority of ECB rate setters wanted to signal guidance may change if inflation keeps accelerating
  • Looking ahead, highlights include US Industrial Production, Baker Hughes Rig Count and the Brussels...
Categories:

  • The FOMC hiked rates to 1.25% - 1.50%, as expected. Yellen failed to deliver any hawkish surprises while the rate path trajectory was kept broadly the same
  • The UK government was defeated in parliament in a 309-305 vote, meaning MP's will get a meaningful vote on the final Brexit deal
  • Looking ahead, highlights include ECB, BoE, Norges and SNB rate...
Categories:

ECB Monetary Policy Decision Due At 12:45 GMT, 13:45 CET, 07:45 EDT, On Thursday 14th December 2017, Press Conference Due At 13:30 GMT, 14:30 CET, 08:30 EDT

- Unanimous expectations look for the ECB to leave its tspanee key rates unchanged.

- As a reminder October’s announcement revealed that the Bank will be trimming its asset purchase programme to EUR 30bln per month from...
Categories:
Asian bourses failed to benefit from the record closes seen on Wall Street with Chinese stocks hampered by ongoing regulatory concerns

In FX, the greenback was firmer as both EUR/USD and GBP/USD languished near the prior day’s lows

Looking ahead, highlights include UK inflation, German ZEW and US PPI, supply from Germany and the US

ASIA

Asia equity markets traded subdued as momentum from Wall St where S&P 500 and DJIA posted fresh record closes, was lost on the region. ASX 200...
Categories:

  • UK PM May will insist that “nothing is agreed until everything is agreed” on the terms of Brexit after the Irish government claimed that last week's preliminary deal is binding
  • Asia equity markets began the week mostly positive after last Friday’s gains on Wall St
  • Looking ahead, highlights include US 3yr and 10yr auctions

ASIA

Asia equity markets began the...
Categories:

  • UK PM May plans go to Brussels early today to meet EU's Juncker and Tusk to finalize Irish border deal
  • Asia equity markets took the impetus from a positive tone in US where all indices finished higher and tech continued its rebound
  • Looking ahead, highlights include UK production numbers and the US jobs report

ASIA

Asia equity markets took the impetus from...
Categories:

  • Asia equity markets somewhat sspanugged off the subdued tone on Wall St and mostly rebounded from the prior day’s losses
  • EU's chief Brexit negotiator Barnier said UK has 48 hours to agree a text on potential deal over Irish border or else talks will not move on to the next phase
  • Looking ahead, highlights include US weekly jobs and potential comments from ECB’s...
Categories:

      • Asia equity markets were lower as the region followed suit from Wall St, where the major indices finished mostly lower
      • AUD/USD was pressured and gave up the 0.7600 handle after Australian Q3 GDP figures disappointed
      • Looking ahead, highlights include RBI and BoC rate decisions, ADP Employment, DoE’s and ECB’s...
Categories:

  • Asia equity markets were subdued following a similar close on Wall St where the S&P 500 and DJIA pulled back from intraday record levels
  • In FX, antipodeans stole the limelight in which NZD/USD briefly reclaimed 0.6900, AUD was underpinned by better than expected Retail Sales and an unsurprising RBA rate decision
  • Looking ahead, highlights include Eurozone, UK and US Services PMIs, US Trade, ISM Non-Mfg,...
Categories:

  • Asia stock markets traded mixed and lacked the firm conviction seen across US equity futures which were buoyed after the Senate voted to pass the tax bill
  • Safe-haven JPY weakened on outflows after the US Senate passed the tax plan which saw USD/JPY advance to within a whisker of the 113.00 handle
  • Looking ahead, highlights include US durables revisions, factory orders and UK PM May meets with Juncker and...
Categories:

      • Asia equity markets were choppy as the region counterbalanced the momentum from the record highs on Wall St. with disappointing Chinese Caixin Manufacturing PMI data
      • WTI crude was stable overnight and mildly nursed some of the losses from the prior session, where prices were dampened by the OPEC announcement
      • ...
Categories:

  • Asia stock markets were mostly negative as the tech-sell off on Wall St. dampened sentiment in the region and overshadowed better than expected Chinese PMI data
  • UK is reportedly close to a deal regarding Northern Ireland, with officials said to predict an agreement within weeks
  • Looking ahead, highlights include German jobs report, Eurozone CPI, personal income, Chicago PMI, ECB’s Mersch, Praet and Fed’s...
Categories:

  • GBP/USD held firmly above the 1.3300 level following reports the UK and EU reached an agreement on the size of the Brexit divorce bill
  • The Senate Budget Committee approved the Republican tax reform plan which will now go to the Senate floor to be voted on
  • Looking ahead, highlights include regional and national German CPI, US GDP, DoE’s and a slew of central bank...
Categories:

  • Asian stocks were downbeat on what was a choppy session amid a lack of drivers
  • FX trade very quiet amid a lack of data releases and after Fed speakers failed to spur a sustained impact on prices
  • Looking ahead, highlights include BoE Stress Test Results, US Wholesale Inventories, BoE’s Carney, Fed’s Dudley, Powell and Harker

ASIA

Asia...
Categories:

  • Asian equities traded mostly lower despite Friday’s firmer close on Wall Street
  • In FX, commodity-linked currencies were mildly pressured as WTI crude pulled back from USD 59/bbl, which also coincided with the broad China-led weakness
  • Looking ahead, highlights include US New Home Sales

ASIA

Asia stocks took a turn for the worse and failed to sustain the...
Categories: