Newsquawk

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  • UK PM May’s Brexit deal was defeated by 230 votes (432 vs. 202) in Parliament
  • UK Leader of the opposition Labour party Corbyn called for a vote of no confidence in the government
  • UK Government ministers told business leaders that there is a backbench motion being prepared to delay Article 50 and said the no confidence motion will fail
  • Looking ahead, highlights include UK CPI, US Import & Export Prices, BoE's Carney, Fed's Kashkari, ECB's Stournaras & de...
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  • Major European indices are relatively flat [Euro Stoxx 50 +0.1%] as equity markets gave up initial gains post German FY GDP
  • Choppy session for the Pound thus far as traders eye the long-awaited House of Commons meaningful vote scheduled for later today (full schedule available on the headline feed)
  • Looking ahead, highlights include US NY Fed Manufacturing & Final PPI, Fed Discount Minutes, UK Parliament vote on the Brexit deal, ECB's Draghi, Fed's Kashkari, Kaplan & George
  • ...
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  • Asian equity markets were mostly higher as sentiment in the region recovered from the recent China-triggered weakness
  • UK PM May allies said that German Chancellor Merkel has offered PM May certain last-minute assistance, while reports also noted that PM May is considering a 2nd vote on Brexit deal if first one is rejected
  • UK cabinet ministers suggested that PM May will be expected to stand down if she is heavily defeated in the Brexit vote, according to source report
  • Looking ahead,...
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  • Major European Indices are in the red [Euro Stoxx 50 -1.0%], with poor performance in luxury names as China exports/imports miss forecasts
  • Chinese trade numbers weigh on the CNY, AUD, NZD while providing impetus to the JPY
  • GBP/USD largely unreactive to the EU assurances letter as MPs seek legally-binding material ahead of tomorrow’s meaningful vote
  • Looking ahead, highlights include earnings from Citi, while US data has been postponed due to the US government...
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  • Asian equity markets began the week subdued following the indecisive close on Wall St, US Government Shutdown and disappointing Chinese trade data
  • UK PM May is to say she believes parliament will more likely block Brexit than the UK leave without a deal
  • UK Cabinet Ministers are reportedly exploring "Plan B" options with PM May expected to lose her Brexit vote on Jan 15
  • Separate reports suggest that Pro-EU MPs are to...
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  • Major European indices are mixed [Euro Stoxx 50 Unch], having pared back some of the initial gains from the open
  • DXY on the backfoot further below 95.500 as the Fed signalled a more patient approach ahead of the US CPI release
  • GBP spiked higher on reports of possible Brexit date, though these reports were later dismissed by a PM May spokesperson
  • Looking ahead, highlights include US CPI, Real Weekly Earnings, Baker Hughes rig count

ASIA

Asian equity markets...

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  • Asian equity markets traded mostly higher following the 5th consecutive session of gains on Wall Street
  • In FX markets, the DXY pared some of the prior day’s gains which has provided some reprieve for its major counterparts across the pond
  • Fed Chair Powell repeated that the Fed has the ability to be patient given the inflation data and has the ability to be patient and flexible rates
  • Looking ahead, highlights include UK GDP...
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  • Major European equities are in the red [Euro Stoxx 50 -0.4%] following on from the mixed performance seen in Asia on the lack of US-China trade clarity
  • DXY is on a firmer footing above 95.250 ahead of a plethora of key Fed speakers
  • Looking ahead, highlights include, US Initial Jobless Claims, Fed's Powell, Bullard, Evans & Clarida and ECB's de Galhau

ASIA

Asian stocks were mixed as the equity rally somewhat stalled overnight which momentarily saw all regional...

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  • Asian stocks were mixed as the equity rally somewhat stalled overnight which momentarily saw all regional bourses in negative territory
  • FOMC Minutes stated that many policy makers said the Fed could be patient about further tightening given muted inflation pressures
  • UK Labour leader Corbyn is to reiterate his call for a general election today to break the Brexit deadlock, if PM May's deal is voted down in the House of Commons on January...
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  • Major European indices are in the green [Euro Stoxx 50 +0.8%] as market sentiment remains fixated around the recently concluded US-China trade talks
  • US-Sino trade talks are understood to have been positive and the two sides are to release a message at the same time Thursday morning Beijing time
  • The greenback eases further below 96.000 amid trade optimism with the third day of trade talks giving off somewhat of an upbeat vibe
  • Office for Management and Budget (OMB) is exploring if US...
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  • Asian equity markets were higher across the board as sentiment remained underpinned by trade hopes after US-China discussions were extended into a 3rd day
  • US President Trump is said to want a trade deal with China soon to boost markets, according to press reports
  • UK Government was defeated in a vote over changes to budget legislation, meaning the government must win parliamentary approval for a no-deal Brexit
  • Looking ahead,...
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  • Asian equity markets were higher across the board as sentiment remained underpinned by trade hopes after US-China discussions were extended into a 3rd day
  • US President Trump is said to want a trade deal with China soon to boost markets, according to press reports
  • UK Government was defeated in a vote over changes to budget legislation, meaning the government must win parliamentary approval for a no-deal Brexit
  • Looking ahead,...
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  • Asian equity markets traded mixed as the region failed to take full advantage of the gains on Wall St
  • Chinese Vice Premier Liu He unexpectedly attended US-China trade talks, which were scheduled to be at a Mofcom vice-ministerial level
  • UK and EU leaders are reportedly in talks regarding possibly extending Article 50 past March 29th amid fears that a Brexit agreement will not be struck in time
  • Looking ahead, highlights include US and Canadian trade, US JOLTS, APIs, supply from Germany,...
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  • European equities are in the red, with some outperformance in IT. The USD continues to underperform major counterparts
  • US-China trade talks begin; although, a US destroyers’ presence may cause tensions to flair
  • Looking ahead, highlights include US Factory Orders, US ISM Non-MFG PMI, Fed’s Bostic and ECB’s de Guindos

ASIA

Asian stocks began the week higher across the board as the region took its first opportunity to react to the trifecta of bullish...

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  • Asian stocks began the week higher across the board as the region took its first opportunity to react to the trifecta of bullish developments from last Friday
  • UK PM May warned that Britain would be in unchartered territory if her Brexit deal is rejected by parliament and said the vote would be held around 15th January as expected
  • More than 200 UK lawmakers from the Conservative and opposition parties have signed a letter to UK PM May asking her to rule out the option of a No deal Brexit
  • ...
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  • European equities are up as market risk sentiment improves from US-China trade developments
  • Dollar underperforms major counterparts (ex-JPY) ahead of Powell speaking after NFP
  • Looking ahead, highlights include US services PMI, US and Canadian jobs reports, DoEs, Baker Hughes, Fed’s Powell, Bostic, Mester and Barkin

ASIA

Asian equities were mixed following the slide in US stocks as disappointing ISM manufacturing data added to global growth fears after Apple’s...

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  • Asian equities were mixed following the slide in US stocks with the Nikkei 225 underperforming its peers as Japanese participants returned to market
  • US House Democrats have voted to reopen government, defying US President Trump’s veto threat
  • UK Cabinet ministers have been told that EU countries are likely to provide assurances to PM May over her Brexit deal’
  • Looking ahead, highlights include EZ, UK and US services PMI, EZ CPI, US and Canadian jobs reports, DoEs, Baker Hughes,...
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European equities are in the red with tech names dragged down by a Apple guidance cut

FX markets are in focus after the JPY ‘flash crash’

Looking ahead, highlights include US ADP, weekly jobs, construction spending, ISM manufacturing.

ASIA

Asia-Pac equities were mixed following the slide in US equity futures after tech-giant Apple fell in excess of 8% after-market following a cut to its Q1 2019 revenue guidance to USD 84.0bln, from previous guidance in the range of USD...

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  • Asia-Pac equities were mixed following the slide in US equity futures after tech-giant Apple fell in excess of 8% after-market following a cut in guidance
  • An overnight surge in JPY rattled FX markets with AUD/JPY plummeting from around 75.50 to a low print of 70.50 amid thin trade and global growth fears
  • Looking ahead, highlights include US ADP, weekly jobs, construction spending, ISM manufacturing, supply from Spain

ASIA-PAC

Asia-Pac equities were mixed following the...

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  • European Indices in the red following on from Asia, as the risk-off tone prevails
  • USD has climbed ahead despite beginning the session negatively, although still underperforms JPY
  • Looking ahead highlights include Canadian Manufacturing PMI and US Manufacturing PMI.

ASIA

Shanghai Composite (-1.2%), Hang Seng (-2.7%), ASX 200 (-1.6%), Nikkei 225 (closed)

Chinese Caixin Manufacturing PMI (Dec) 49.7 vs. Exp. 50.2 (Prev. 50.2)

PBOC sets USD/CNY reference...

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  • European Indices in the red following on from Asia, as the risk-off tone prevails
  • USD has climbed ahead despite beginning the session negatively, although still underperforms JPY
  • Looking ahead highlights include Canadian Manufacturing PMI and US Manufacturing PMI.

ASIA

Shanghai Composite (-1.2%), Hang Seng (-2.7%), ASX 200 (-1.6%), Nikkei 225 (closed)

Chinese Caixin Manufacturing PMI (Dec) 49.7 vs. Exp. 50.2 (Prev. 50.2)

PBOC sets USD/CNY reference...

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  • European Indices in the red following on from Asia, as the risk-off tone prevails
  • USD has climbed ahead despite beginning the session negatively, although still underperforms JPY
  • Looking ahead highlights include Canadian Manufacturing PMI and US Manufacturing PMI.

ASIA

Shanghai Composite (-1.2%), Hang Seng (-2.7%), ASX 200 (-1.6%), Nikkei 225 (closed)

Chinese Caixin Manufacturing PMI (Dec) 49.7 vs. Exp. 50.2 (Prev. 50.2)

PBOC sets USD/CNY reference...

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 Shanghai Composite (-1.2%), Hang Seng (-3.0%), ASX 200 (-1.5%), Nikkei 225 (closed), DXY 95.86 (-0.3%), Mar’19 e-mini S&P 2482.25 (-0.9%)

Chinese Caixin Manufacturing PMI (Dec) 49.7 vs. Exp. 50.2 (Prev. 50.2)

Australian CoreLogic House Prices (Dec) -1.3% M/M (Prev. -0.9%)

Australian Manufacturing PMI (Dec) Final 54.0 vs. Prelim 53.7 (Prev. 54.6)

North Korean leader Kim Jong Un has stated that he is willing to meet US President Trump at any time but would take an...

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  • Asia-Pac bourses traded mostly higher in holiday-thinned liquidity following the downbeat lead from Wall St. on Friday
  • US President Trump has reportedly privately discussed firing Fed Chair Powell over the latest Fed rate hike
  • UK PM May's allies are plotting to keep her at No.10 for at least another two years amid growing confidence her Brexit deal will pass the meaningful vote in January
  • Today’s calendar sees a lack of tier 1 highlights. Note, some markets are closed and...
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  • Dollar proffers from the plight of others, while oil continues to toil
  • European stocks spooked by global rout, and quadruple witching
  • Looking ahead, highlights include US Durables, GDP, PCE, Canadian, GDP, Retail Sales and Quadruple Witching

ASIA

Asia-Pac stocks were lower across the board as the global stock rout continued into the region following the losses in US amid fears of a government shutdown. The DJIA posted a fifth consecutive session in the red as the index...

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