29 Nov 2019, 11:45 by Newsquawk Desk
- European bourses are little changed in thin trading conditions on an early US close
- EZ CPI (Flash) printed above expectations, headline YY 1.0% vs. Exp. 0.9%
- Both FX and debt are choppy with month end flows potentially the cause
- Hong Kong Polytechnic University siege was confirmed to have ended as police swept through a vacant but devastated campus yesterday
- Looking ahead, highlights include Canadian GDP, Black Friday, ECB’s de Guindos & de Cos, early US...
29 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets were mostly subdued after the holiday closure stateside and amid continued trade uncertainty
- Hong Kong Polytechnic University siege was confirmed to have ended as police swept through a vacant but devastated campus yesterday
- USD was lacklustre amid the holiday-quietened conditions, EUR/USD consolidated at the bottom end of the 1.1000 handle, momentum in GBP/USD faded
- Looking ahead, highlights include Swedish GDP (Q3), EZ CPI (Flash) & Unemployment Rate, Canadian GDP, Black...
28 Nov 2019, 06:55 by Newsquawk Desk
- Asian markets traded mostly lower as the positivity from another record setting session on Wall St heading into Thanksgiving Day, quickly faded
- US President Trump signed the Hong Kong bills into law despite Beijing's objections, according to the White House
- China Foreign Ministry reiterated it strongly opposes the US bill on Hong Kong and that the bill severely meddles in China's internal affairs
- UK YouGov MRP General Election Poll showed Conservatives are set for a 68-seat majority with the party...
27 Nov 2019, 11:46 by Newsquawk Desk
- European bourses are firmer this morning in tentative trade ahead of the last full US day for the week
- Top trade ministers from US, Mexico and Canada will sit down in Washington today for talks on USMCA
- Little movement in either the FX or Fixed complexes at present; DXY is slightly firmer
- Looking ahead, highlights include US Durables, GDP 2nd Estimate, Jobless Claims, Personal Income, Consumption, Core PCE Price Index, DoEs, Japanese Retail Sales, Fed’s Beige Book, YouGov MRP Model, Day 1 of OPEC's...
27 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded broadly firmer after Wall Street extended on record levels once again
- However, gains were capped given the lack of material breakthrough from the recent slew of optimistic US-China trade rhetoric
- US President Trump said we are in the final throes of reaching a trade deal with China and wants to see democracy in Hong Kong
- Latest YouGov/Sky News poll shows an 11-point lead for Conservatives; down from the prior...
26 Nov 2019, 11:35 by Newsquawk Desk
- European bourses are softer in holiday-thinned conditions despite positive overnight trade rhetoric
- ·China and US trade negotiators held a phone call today in which they reached a consensus on solving issues and agreed to keep in contact regarding phase one deal
- Fed Chair Powell said Fed would respond if developments spurred a material outlook reassesment and that current monetary policy is likely to remain appropriate as long as data is consistent with moderate growth
- RBA Governor Lowe says QE is...
26 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded mostly higher after taking impetus from the fresh record levels on Wall Street
- China and US trade negotiators held a phone call today in which they reached a consensus on solving issues and agreed to keep in contact regarding phase one deal
- USTR Lighthizer later confirmed the call with China but declined to comment on specifics
- China's Global Times tweeted that topics in the call may have included tariff removal, agricultural purchase and a possible face-to-face...
25 Nov 2019, 11:35 by Newsquawk Desk
- European bourses are firmer this morning as sentiment is supported by APAC newsflow
- China is to increase penalties related to IP theft and will examine lowering the threshold for violators according to fresh government guidelines
- Hong Kong Pro-democracy candidates achieved a landslide win following a record turnout in Hong Kong District Council elections
- Datapraxis analysis on YouGov data projected a UK Conservative majority of 48 seats with...
25 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets began the week on a positive note with sentiment underpinned by encouraging reports from China
- China is to increase penalties related to IP theft and will examine lowering the threshold for violators according to fresh government guidelines
- Hong Kong Pro-democracy candidates achieved a landslide win following a record turnout in Hong Kong District Council elections
- US President Trump said the China trade deal is coming along very well, while he also commented that an...
22 Nov 2019, 11:36 by Newsquawk Desk
- EZ PMIs were mixed with manufacturing beat but services subdued, UK missed across the board
- European bourses are slightly firmer this morning on little in the way of trade updates and mixed data
- ECB’s Lagarde speech delivered little in the way of surpises for markets
- DXY is flirting with the 98.0 mark to the upside, with G10 peers mixed and the core debt complex firmer
- US President Trump signed the continuing resolution to avert a government shutdown to December 20th
- Looking ahead,...
22 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets eventually traded mixed after the region’s early attempts to shrug-off the headwinds from the losses on Wall St. proved to be short-lived
- Chinese President Xi said China did not start the trade dispute with US and is not afraid of a trade war, nor will it flinch from such a fight but added he wants to work out a phase one agreement
- US President Trump's administration is reportedly mulling a trade investigation against the EU as time for imposing auto tariffs is limited, according to...
21 Nov 2019, 11:30 by Newsquawk Desk
- US President Trump said he doesn't think China is stepping up to the level he wants in trade talks and that China wants a trade deal more than he does.
- China last week invited US trade negotiators for further talks, reports WSJ citing sources
- US House has voted to pass the Hong Kong bill and sent it to US President Trump who is expected to sign the bill
- European equities are modestly lower but off worst levels amid the US-Sino confusion, DXY remains softer whilst G10 FX benefit from the Dollar’s...
21 Nov 2019, 06:55 by Newsquawk Desk
- Asian equities are lower across the board after source reports noted the US-China phase one deal may not be completed this year
- US President Trump said he doesn't think China is stepping up to the level he wants in trade talks
- US House has voted to pass the Hong Kong bill as expected and sent it to US President Trump for signature or veto
- FOMC minutes showed most policymakers judged that after the October 30th rate cut, the policy level would be appropriate barring material reassessment of the...
20 Nov 2019, 11:45 by Newsquawk Desk
- European bourses are subdued as risk-off sentiment takes hold as US-Sino tensions resurface
- Chinese Global Times Chief Editor said China is prepared for a prolonged trade war, but believe the sides can reach a deal
- US Senate unanimously approved the Hong Kong Human Rights bill and sent it to House of Representatives
- DXY is firmer this morning, with trade sensitive currencies subdued on the overnight updates
- Looking ahead, highlights include Canadian CPI, DoEs, FOMC Minutes, ECB’s...
20 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded mostly lower as investor sentiment continued to hang on the US-China trade uncertainty
- US and China could reportedly tie tariff relief to the deal from May in order to decide how much tariffs should be rolled-back as part of a phase one deal
- However, scepticism remains over whether a more comprehensive phase 2 agreement can ever be reached
- US Senate unanimously approved the Hong Kong Human Rights bill and sent it to House of Representatives
- UK poll by YouGov/Sky...
19 Nov 2019, 11:48 by Newsquawk Desk
- European bourses have climbed higher, following on from a largely positive Asia-Pac handover, during another session of limited newsflow
- US President Trump tweeted that he told Fed Chair Powell the Fed rate is set too high relative to the interest rates of other competitor countries and that US rates should be lower than all others
- EU's Trade Chief Weyand warned UK PM Johnson will either only get a “bare bones” trade deal from Brussels next year or none at all
- FX markets are mixed/flat vs a slightly...
19 Nov 2019, 06:55 by Newsquawk Desk
- Asian equities eventually traded mostly higher but with gains capped after an initial lack of commitment due to the ongoing US-China uncertainty
- EU's Trade Chief Weyand warned UK PM Johnson will either only get a “bare bones” trade deal from Brussels next year or none at all due to time constraints
- In FX markets, the majors mostly consolidated overnight amid a light calendar and as participants await the next developments of the US-China trade saga
- US President Trump tweeted that he told Fed Chair...
18 Nov 2019, 11:20 by Newsquawk Desk
- European bourses are mixed thus far as trade is choppy in a quiet session
- US Treasury Secretary Mnuchin and US Trade Representative Lighthizer conducted a phone call with Chinese Vice Premier Liu He on Saturday in which they were said to have held "constructive discussions"
- US government is reportedly preparing to extend licences to allow US companies to use Huawei equipment by 2 weeks
- USD is little changed with Sterling outperforming on weekend polls; DXY remains below 98.00
- Looking ahead,...
18 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets partially resumed the momentum from last Friday’s record-setting performance on Wall St.
- US Commerce Secretary Ross said the finish line is close regarding a China Phase One Trade Deal on paper
- HK Police officers were said to threaten to use live rounds if rioters carry out more violence
- UK election polling over the weekend has shown a trend towards the Conservatives increasing their lead over Labour
- Looking ahead, highlights include ECB’s de Guindos, Lane & de Cos;...
15 Nov 2019, 11:30 by Newsquawk Desk
- European bourses are modestly firmer this morning, as sentiment struggles to find direction on the mixed trade remarks
- White House Economic Adviser Kudlow said we are getting close to a trade deal with China; noted, US President Trump is not ready to sign off
- IEA Monthly Oil Report: maintains oil demand growth estimates for 2019 and 2020
- USD is little changed thus far and remains in a tight bank with the Fixed complex equally...
15 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded mostly higher as sentiment remained at the whim of the temperamental trade rhetoric
- White House Economic Adviser Kudlow suggested they are getting close to an agreement and the sides were on the short strokes of a phase 1 deal
- However, Kudlow noted President Trump was not yet ready to sign off on a deal with the comments also following an FT report that suggested US and China were struggling to complete the Phase One trade deal
- Looking ahead, highlights include EZ CPI...
14 Nov 2019, 11:58 by Newsquawk Desk
- European bourses are little changed in what has been tentative trade thus far on mixed US-China remarks, ahead of Powell part 2
- China customs have lifted restrictions on US poultry meat imports, according to reports
- German Q3 GDP Flash QQ 0.1%, avoiding a technical recession
- Antipodeans underperform on poor AUD labour data, with the USD slightly firmer at present
- Looking ahead, highlights include US Initial Jobless Claims, Weekly EIA Inventories, OPEC Monthly Report (12:10 GMT), Banxico Rate...
14 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets traded somewhat mixed after a tentative lead from Wall St due to ongoing trade uncertainty
- US-China trade talks have hit a snag over agricultural purchases according to the WSJ
- Sentiment was also hampered overnight by weaker than expected Chinese Industrial Production and Retail Sales data
- UK Tory party was said to offer a deal to the Brexit Party in which the latter would only contest 40 seats, although this was rejected by party leader Farage
- Looking ahead, highlights...
13 Nov 2019, 11:59 by Newsquawk Desk
- European bourses are subdued as the post-Trump underwhelming tone remains, ahead of potential Auto tariffs and Fed’s Powell
- Tariffs are reportedly emerging as the main stumbling block for US and China to reach a limited trade deal, according to WSJ citing sources
- NZD outperforms after the RBNZ remained on hold overnight, DXY retains some mild firmness
- Looking ahead, highlights include US CPI, EIA STEO, APIs, Japanese GDP, Fed’s Powell, Barkin, Kashkari, RBNZ's Orr, RBA’s Bullock; President’s Trump...
13 Nov 2019, 06:55 by Newsquawk Desk
- Asian equity markets were lower across the board and US equity futures pulled back from record levels
- US President Trump’s speech failed to provide any fresh insight on US-China trade but continued to warn the US will substantially raise tariffs on Chinese imports if there is no deal made
- US Trade Representative's Office will submit a report on possible tariffs on autos and auto parts to the White House by today
- Looking ahead, highlights include German, Swedish, UK CPI, EU Industrial Output, US CPI,...