• 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

RECAP

EU Commission President Juncker says Trump gave his word there wouldn't be tariffs on European cars for the time being; if Trump breaks the promise, EU will...

• 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...

• Monday:
• Tuesday: UK Labour Market Report, RBA Minutes, German ZEW Survey, Japan Trade Balance
• Wednesday: FOMC Minutes, US Housing Starts, US Building Permits, Eurozone Consumer Confidence (Flash)
• Thursday: ECB Mins, Aussie Labour Report, Philly Fed, US Existing Home Sales, US & Eurozone Markit Flash PMIs, Japan CPI
• Friday: Eurozone CPI (Final), Riksbank Minutes

• 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...

• Mon: China Caixin Services PMI, UK GDP, Eurogroup meeting
• Tue: OPEC Monthly Report, RBNZ Interest Rate Decision, Japanese PPI
• Wed: Riksbank Interest Rate Decisions, UK CPI, EU Industrial Production, US CPI, Japanese GDP
• Thu: Brexit Meaningful Vote, Indonesian Interest Rate Decision, US PPI, Eurozone GDP & Employment, China Trade Balance
• Fri: China CPI, UK Retail Sales, Eurozone Trade Balance, NY Empire State Manufacturing Index, Uni of Michigan

• 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

• Asian equity markets traded tentatively with most bourses in the region closed for holidays
• UK ministers are reportedly considering a plan that would delay Brexit to May 24th
• US President Trump delivered the State of the Union Address which focused on the economy, the border wall and trade talks
• Looking ahead, highlights include US International Trade, Retail Sales, EIA Inventories, Brazilian Rate Decision, Fed Chair Powell,...

• Major European indices extend on opening gains and are firmly in positive territory with Britain’s FTSE 100 (+1.4%) led by oil and mining giants
• EUR and GBP are both on the back foot vs the Dollar and inching closer towards downside big figures at 1.1400 and 1.3000 respectively
• Looking ahead, highlights include Canadian Trade, US ISM Non-Manufacturing PMI, APIs and US 3yr Note Auction
• EARNINGS: Anadarko Petroleum, Archer...

• Asia-Pac equity markets found some early support from the tech-led gains on Wall St, although later turned somewhat mixed
• EU’s top official offered Britain a legal guarantee that it would not be trapped by the Irish backstop last night but was swiftly rejected by Brexiteer MPs
• RBA kept rates unchanged at 1.50% as expected with the announcement interpreted as less dovish than some had expected
• Looking ahead, highlights...

• A lacklustre start of the week for European equities [Eurostoxx 50 -0.4%] as the region failed to sustain the momentum seen in Asia
• Dollar continues on a firmer footing as JPY and AUD underperform, while GBP still suffers from Brexit fatigue
• Looking ahead, highlights include US Building Permits and Starts, Durable Goods & Factory Orders, New York ISM Business Conditions
• EARNINGS: Alphabet, Gilead Sciences,...

• Asian equity markets began the week positively but with gains only marginal amid the mass closures in the region for the Lunar New Year
• UK PM May could be planning for a general election in June, according to reports; later downplayed
• The Tories’ fragile Brexit truce was dealt a blow yesterday after hardline Brexiteers ruled out two of May’s proposals for solving the Irish backstop issue
• Looking ahead, highlights...

• Monday: Turkish CPI, UK Construction PMI, Eurozone PPI, US Factory Orders
• Tuesday: Australian Trade, RBA Rate Decision, Eurozone (F), UK and US Services PMIs, Eurozone Retail Sales, Canadian Trade, US ISM Non-Manufacturing,
• Wednesday: US Trade, Australian Jobs Report
• Thursday: BoE Rate Decision, Minutes & QIR, RBI & Banxico Rate Decision,
• Friday: German Trade, Norwegian GDP, Canadian Jobs