• EU bourses have extended opening losses (Eurostoxx 50 -1.1%) heading into month end as Trump’s trade feuds with the China, EU and Canada sways sentiment
• Major FX pairs are relatively contained. EUR unfazed by soft EZ CPI, GBP awaits Brexit updates and EM once again in focus
• Looking ahead, highlights include Chicago PMI, ECB’s Nowotny and de Guindos

ASIA

Asian equity markets traded mostly lower with sentiment weighed as trade war fears were...

• Asian equities broadly lower with Trump on the warpath amid reports he is to back additional Chinese tariffs, reject the EU’s auto proposals and once again threatens WTO membership
• Losses in most the Asia-Pac region have been stemmed as participants also digested a trifecta of encouraging China PMI data
• Looking ahead, highlights include EZ CPI, unemployment rate, Chicago PMI, ECB’s Nowotny and de Guindos

ASIA

Asian equity markets traded mostly...

• European equities are largely on the backfoot (Eurostoxx 50 -0.7%) with underperformance in Germany’s DAX
• In FX, the EUR has retreated after another rally above 1.1700 vs the Greenback on broadly benign German state CPI and Spanish inflation data
• Looking ahead, highlights include German national CPI, US PCE price index, Canadian GDP and ECB’s Weidmann

ASIA

Asian equity markets traded mixed as the initial impetus from Wall St where the S&P...

• Asian equity markets traded mixed as the initial impetus from Wall St was eventually clouded by weakness in China
• In FX, EUR/USD is testing the 1.1700 handle and with GBP/USD at a 3-week high above 1.3000
• Looking ahead, highlights include German state and national CPIs, German unemployment rate, US PCE price index, Canadian GDP, ECB’s Weidmann to speak and supply from Italy

ASIA

Asian equity markets traded mixed as the initial impetus from Wall St...

• European equities trade on the backfoot (Eurostoxx 50 -0.5%) with underperformance in Spain’s IBEX (-1.0%)
• The DXY and broad Dollar continue to consolidate off recent lows on the back of Monday’s upbeat US consumer confidence survey
• UK and EU officials are said to view mid-November as the new Brexit deal deadline and are said to view an agreement by October as unlikely
• Looking ahead, highlights include US GDP (2nd estimate), Pending Home Sales, DoEs, and supply from the...

• Asia-Pac stocks traded mixed following the unconvincing performance on Wall St whereby the majors somewhat flatlined
• In FX, CAD was underpinned by trade hopes on reports that Canada was said to be prepared to make concessions on dairy for NAFTA
• UK and EU officials are said to view mid-November as the new Brexit deal deadline and are said to view an agreement by October as unlikely
• Looking ahead, highlights include US GDP (2nd estimate), Pending Home Sales, DoEs, supply from Germany and...

• European equities trade mixed (Eurostoxx 50 -0.1%), UK’s FTSE 100 outperforms as it plays catch-up
• The Dollar has lost more ground vs most G10/major rivals, but remains mixed vs EMs
• Looking ahead, highlights include a speech by ECB’s Praet, and weekly API crude inventories

ASIA

Asian equity markets traded mostly higher as the region got a tailwind from US where the S&P 500 and Nasdaq extended on record highs with sentiment supported after...

• Asian equity markets traded mostly higher as the region got a tailwind from US where the S&P 500 and Nasdaq extended on record highs
• In FX markets, the DXY remained below the 95.00 level following a 2-day selldown
• Looking ahead, highlights include a speech by ECB’s Praet, and weekly API crude inventories

ASIA

Asian equity markets traded mostly higher as the region got a tailwind from US where the S&P 500 and Nasdaq extended on record highs...

• European equities are mostly higher (Eurostoxx 50 +0.2%) as auto names support the continent
• Little respite for the Lira after the Turkish holidays, USD/TRY up around 3% on the day
• Looking ahead, highlights include US National Activity Index and Dallas Fed Manufacturing Business Index. Note: Today is a UK Bank Holiday

ASIA

Asian equity markets began the week positive across the board following the record closes for the S&P 500 and Nasdaq Comp on...

• Asian equity markets began the week positive across the board following the record closes for the S&P 500 and Nasdaq Comp on Friday in US
• USD/JPY and JPY-crosses traded choppy in which they initially extended on gains before pulling back while DXY held above the 95.00 level
• Looking ahead, highlights include the German Ifo Survey, US National Activity Index and Dallas Fed Manufacturing Business Index. Note: Today is a UK Bank Holiday

ASIA

Asian equity...

Key Events

Monday: UK Market Holiday, German Ifo Survey

Tuesday: US Trade Balance

Wednesday: French GDP, US GDP (2nd Reading), US Pending Home Sales

Thursday: German Labour Market, German CPI (Prelim), US PCE, Canadian GDP (Quarterly)

Friday: Japan Labour Market, Tokyo CPI, China PMI, EZ CPI (Prelim)

TRADE

The US trade war continues to be...

• Tentative trade ahead of Fed Chair Powell’s speech at Jackson Hole
• AUD the biggest G10 mover overnight as Morrison sworn in as new Prime Minster
• Looking ahead, highlight include, US durable goods and Fed’s Chair Powell to speak at the Jackson Hole Symposium

ASIA

Asian equity markets traded mixed as the region digested the weak lead from Wall St, a lack of progress during US-China trade discussions and change of leadership in Australia. ASX 200...

• Asian equity markets traded mixed amid a weak lead from Wall St, a lack of progress during US-China trade discussions and a change of leadership in Australia
• AUD was supported as Australian Treasurer Morrison becomes the new PMI
• Looking ahead, highlights include German GDP, US durable goods and Fed’s Chair Powell to speak at the Jackson Hole Symposium

ASIA

Asian equity markets traded mixed as the region digested the weak lead from Wall St, a lack of progress during...

• European equities are largely mixed and trading without direction amidst the fresh US-China tariff action
• FOMC minutes have given the flagging Usd a fillip, along with indirect props from rival currencies that are succumbing to more selling pressure
• Looking ahead, highlights include ECB Minutes, US flash PMIs, US New Home Sales, and US-China trade talks in Washington

ASIA

Asia-Pac stock markets traded subdued with the region cautious amid political...

FOMC minutes stated trade dispute poses downside risk to the US economy, adding it would soon be appropriate to raise rates

DXY whipsawed and briefly fell below 95.00 in a knee-jerk reaction to the trade-wary FOMC minutes

Looking ahead, highlights include Norwegian GDP, EZ and US flash PMIs, US New Home Sales, and US-China trade talks in Washington

FOMC MINUTES

FOMC minutes stated that escalation of trade disputes was potentially a consequential downside risk for the US economy, while the...

• Former Trump lawyer Cohen pleaded guilty to violating campaign financing laws at the direction of a 'candidate'
• European equities are trading mostly higher (Eurostoxx 50 +0.3%) but DAX capped by Continental guidance cut
• Looking ahead, highlights include Canadian retail sales, US existing home sales, EIA weekly crude inventories and FOMC minutes

ASIA

Asian equity markets traded mixed with the region indecisive due to the events stateside where the elated mood from...

• Asian equity markets traded mixed with the region cautious amid Former Trump lawyer Cohen pleading guilty to violating campaign financing laws at the direction of a 'candidate'
• DXY remained pressured and edged closer towards the 95.00 level as its major counterparts held on to this week’s gains
• Looking ahead, highlights include Canadian retail sales, US existing home sales, EIA weekly crude inventories and FOMC minutes

ASIA

Asian equity...

• Trump’s latest tirade on the USD has given FX markets some much needed traction
• European equities trade mostly higher with the FTSE 100 lagging its peers
• Looking ahead, highlights include Brexit talks in Brussels, UK Foreign Secretary Hunt to speak in Washington

ASIA

Asia-Pac markets eventually traded mostly higher although it was far from smooth sailing despite the positive lead from Wall St where stocks edged a 3rd consecutive gain and the S&P...

• DXY took a hit and retreated below 96.00 following a renewed tirade by US President Trump
• US President Trump also upped the ante on the trade front by stating he has no time-frame for ending the Chinese trade dispute
• Looking ahead, highlights include Brexit talks in Brussels, UK Foreign Secretary Hunt to speak in Washington and UK Trade Secretary Fox to speak and supply from UK and Germany

ASIA

Asia-Pac markets eventually traded mostly higher although it...

• European equities accelerated gains (Eurostoxx 50 +0.8%) as sentiment improved across the region amid Friday’s US-China trade developments
• TRY is back under pressure after S&P’s downgrade and no FX Depo auction today, with comments from President Erdogan largely shrugged off
• Looking ahead, highlights include speeches by Fed’s Bostic and ECB’s Weidmann

ASIA

Asian equity markets were mostly higher but with gains contained as the...

• Asian equity markets were mostly higher but with gains contained as the region struggled for direction due to a lack of fresh catalysts and as earnings dominated news flow
• FX markets were relatively uneventful amid a lack of data releases or macro drivers, EUR/USD and GBP/USD stall around the 1.1450 and 1.2750 levels respectively
• Looking ahead, highlights include a speech by Fed’s Bostic on the economic outlook

ASIA

Asian equity markets were mostly...

Key Events

Monday: German PPI

Tuesday: RBA Minutes

Wednesday: NZ Retail Sales, Canadian Retail Sales, US Existing Home Sales, FOMC Minutes

Thursday: Norway GDP, EZ PMI (Flash), ECB Minutes, Fed’s Jackson Hole Symposium begins, US PMI (Flash), US tariffs on USD 16bln of Chinese goods take effect

Friday: NZ Trade Balance, Japan CPI, German GDP (2nd reading), US Durable...

• Source reports suggest Turkey is ready to release Pastor Brunson but the US is offering nothing in return
• TRY struggling alongside European equities as EM worries return
• Looking ahead, highlights include, Canadian CPI, Uni. of Michigan and Baker Hughes

ASIA

Asian equity markets were mostly higher as the region tracked the performance on Wall St where all majors gained as sentiment was buoyed by trade optimism from the announcement of upcoming US-China trade talks. ASX 200...

• Asian equity markets were mostly higher as the region tracked the performance on Wall St.
• FX markets traded somewhat indecisively due to a lack of data points overnight and amid a choppy CNH
• Looking ahead, highlights include EZ (F) and Canadian CPI, Uni. of Michigan and Baker Hughes

ASIA

Asian equity markets were mostly higher as the region tracked the performance on Wall St where all majors gained as sentiment was buoyed by trade optimism from the announcement of...

• European equities (bar Italy) benefitting from the improved risk tone amid positive developments from Turkey and China
• Atlantia shares seeing heavy losses as Italian traders return to their desks after the Genoa bridge disaster
• Looking ahead, highlights include US housing starts, building permits and initial jobless claims

ASIA

Asian equity markets traded lower across the board on spill over selling from Wall St where all majors declined amid a tech and energy rout,...