• Asian stocks were broadly negative as early attempts to nurse the prior day’s sell-off and replicate the rebound seen on Wall St, were thwarted
• Brexit talks are on hold as UK PM May's team cannot agree a way forward on how to proceed with negotiations, according to sources
• FX markets initially struggled for direction amid a lack of key data releases which kept the DXY near the prior day’s best levels
• Looking ahead, highlights include the Russian rate decisions, US GDP,...

• European equities mostly higher (Eurostoxx 50 +0.9%) despite the mass sell-off experienced overnight in Asia
• European markets await updates from the ECB and how they currently judge risks to the Eurozone economy
• Looking ahead, highlights include ECB, and CBRT rate decisions, US durable goods, weekly jobs, a slew of central bank speakers and large cap earnings

ASIA

Asia-Pac bourses saw hefty selling as the stock market bloodbath rolled over from US where...

• Asia-Pac bourses saw hefty selling as the stock market bloodbath rolled over from US where the S&P 500 and DJIA turned negative YTD
• UK PM May is to instigate a full-scale no-deal Brexit planning in 3 weeks with a raft of legislation to prepare the UK for a potentially chaotic departure
• Overnight FX price action was predominantly a slight pull-back of the prior day’s risk-averse driven moves in which the DXY marginally pared the recent safe-haven flows
• Looking ahead, highlights...

• Major European indices are mostly higher, albeit off levels seen at the cash open. US equity futures extended losses in excess of 0.5%
• DXY is benefiting from the demise of most major rivals, as overall risk sentiment wobbles again after signs of a revival on Tuesday and overnight
• Looking ahead, highlights include US PMIs, BoC rate decisions, DoEs, a slew of central bank speakers and large cap earnings

ASIA

Asian equity markets eventually traded mostly higher on what was a...

• Asian equity markets eventually traded mostly higher on what was a turbulent session, following the dramatic rebound on Wall St
• FX markets were predominantly uneventful due to a lack of tier-1 data and catalysts which kept the DXY stuck in close proximity to the 96.00 level
• UK PM May is to appear before the 1922 Committee of backbench conservative lawmakers this evening
• Looking ahead, highlights include EZ and US PMIs, Riksbank and BoC rate decisions, DoEs, a slew of central bank...

• All major European indices are drowning in a sea of red as the soured sentiment continues from Asia
• JPY outperforms on safe-haven grounds, with USD/JPY retreating towards 112.25
• Looking ahead, highlights include Richmond Fed, Fed Discount Minutes, APIs, BoE’s Carney, Fed’s Kashkari, Bostic, Kaplan and Evans

ASIA

Asian equity markets were lower across the board following the uninspiring performance on Wall St where most major indices finished...

• Asian equity markets were lower across the board following the uninspiring performance on Wall St where most major indices finished in the red
• UK PM May said she is not committed to extending the transition period but added it may be preferable to a backstop
• In FX markets, the DXY was relatively unchanged and just about held onto the 96.00 level following the recent safe-haven flows and further deterioration in its major counterparts
• Looking ahead, highlights include Richmond Fed, Fed...

• Major European indices are all in the green with Italian banks supporting the FTSE MIB
• EUR has been encouraged by Italy escaping a deeper rating cut by Moody’s to stay one rung above junk
• Looking ahead, today's calendar sees a lack of Tier 1 data

ASIA

Asian equity markets traded mostly higher as a rally in Chinese stocks helped most the regional bourses shrug-off the cautious open. ASX 200 (-0.58%) and Nikkei 225 (+0.37%) were both initially lower with Australia...

• Asian equity markets traded mostly higher as a rally in Chinese stocks helped most regional bourses shrug-off the cautious open
• PM May is said to have been warned she will face a revolt by 40 Tory party rebels this week if she does not succumb to fresh demands by Brexiteers in the next 48 hours
• In FX, USD was little changed while AUD/USD briefly weakened to below 0.7100 as Australia heads towards a hung parliament
• Looking ahead, today’s calendar sees a lack of tier 1...

19th October 2018

Major European indices are mostly lower with Italian banks adversely affected by the EU Commission’s response to the Italian budget

Dollar remains relatively well bid overall, albeit off best levels as the index straddles 96.000

Looking ahead, highlights include, Canadian CPI and Retail sales, US Existing Home Sales, Baker Hughes Rig Count, BoE’s Carney, Fed’s Bostic and Kaplan

ASIA

Asian equity markets were mostly lower following a resumption...

19th October 2018

Major European indices are mostly lower with Italian banks adversely affected by the EU Commission’s response to the Italian budget

Dollar remains relatively well bid overall, albeit off best levels as the index straddles 96.000

Looking ahead, highlights include, Canadian CPI and Retail sales, US Existing Home Sales, Baker Hughes Rig Count, BoE’s Carney, Fed’s Bostic and Kaplan

ASIA

Asian equity markets were mostly lower following a resumption...

• Asian equity markets were mostly lower following a resumption of the tech-led losses on Wall St
• In FX markets, the greenback remained firm in which the DXY eyed the 96.00 level to the upside as it sustained the post-FOMC minutes support
• EU Commission told Italy in a letter that its 2019 budget is a serious and particularly non-compliant proposal with EU rules
• Looking ahead, highlights include Canadian CPI, US Existing Home Sales, Baker Hughes Rig Count, BoE’s Carney, Fed’s...

European equities are mixed as the region failed to benefit from a slew of earnings

Dollar index has failed to extend recovery gains beyond near term technical resistance around 95.790 and has drifted back towards 95.500

Looking ahead, highlights include, Philly Fed, Fed’s Bullard, Fed’s Quarles, EU leaders’ summit

ASIA

Asian equity markets were downbeat following a lacklustre lead from Wall St where momentum in US stocks stalled as markets focused on mixed earnings and...

• Asian equity markets were downbeat following a lacklustre lead from Wall St where momentum in US stocks stalled as markets focused on mixed earnings and the FOMC minutes
• USD remained firmer overnight after the FOMC minutes stated that further gradual rate hikes would be consistent with a sustained economic expansion
• UK PM May said we have solved most issues but the Northern Ireland backstop remains a problem. Reports suggest May is considering extending the Brexit period
• Looking ahead,...

• Major European bourses are mixed with Germany’s DAX underperforming; European auto sector lower is by over a percent
• Softer than forecast UK CPI has undermined Sterling in the run up to Wednesday’s EU summit on Brexit and pre-dinner speech by PM May
• Looking ahead, highlights include US building permits and housing starts, DoEs, FOMC minutes, BoE’s Cunliffe, ECB’s Praet, Fed’s Brainard, BoE’s Broadbent, EU Leaders Summit and a slew of large cap...

• Asia-Pac equity markets were higher across the board as the region got a tailwind from the earnings-fuelled momentum in the US
• The FX space was quiet overnight amid a lack of tier-1 data and as currency markets consolidated from the prior day’s price action
• EU is open to extending Brexit transition by another year if UK PM May accepts a ‘two-tier’ backstop to avert a border in Northern Ireland
• Looking ahead, highlights include UK and EZ inflation, US building permits...

ASIA

Asian equity markets partially shrugged-off the tech-led losses on Wall St and traded mostly higher as focus shifted on earnings updates. ASX 200 (+0.6%) was led by mining names after the recent strength in gold prices and with Rio Tinto shares supported following its Q3 production update in which iron ore shipments declined Y/Y but the Co. affirmed FY18 shipments at the upper end of its guidance range. Elsewhere, Nikkei 225 (+1.3%) and Japanese exporters coat-tailed on favourable currency moves, while Shanghai...

• Asian equity markets partially shrugged-off the tech-led losses on Wall St and traded mostly higher as focus shifted on earnings updates
• In FX markets, most major pairs were quiet as the DXY consolidated following yesterday’s pressure in which it just about held above 95.00
• European Council President Tusk said Brexit is more complicated than expected and that EU must prepare for no-deal scenario
• Looking ahead, highlights include UK labour market report, German ZEW, US industrial...

• Cautious start to trade this week as Trump hints at further Chinese tariffs.
• An unproductive Brexit weekend with negotiations paused until Wednesday’s summit, with some reports of no deal implementation plans beginning.
• Looking ahead, highlights include US retail sales and NY Fed manufacturing, Canadian Business Outlook, NZ CPI, Italian Budget Submission Deadline

ASIA

Asian equity markets resumed last week’s stock rout as the region failed to take impetus from...

• Asian equity markets resumed last week’s stock rout as the region failed to take impetus from Friday’s rebound on Wall St
• UK and EU negotiators called for a pause in discussions until Wednesday's summit outcome after UK PM May refused to endorse a draft Brexit deal negotiated by officials
• In FX markets, the DXY was slightly firmer and continued its rebound from support at the 95.00 level while GBP/USD tested 1.3100 to the downside
• Looking ahead, highlights include US...

• USD/TRY below 6 but choppy awaiting Pastor Brunson’s Constitutional Court appeal verdict
• Cable also volatile ahead of next week’s key Brexit summit, with big issues still to be resolved
• European equites tentative ahead of key US bank earnings
• Looking ahead, other highlights include, US Import/Export Prices, Uni. of Michigan, Fed’s Evans, Bostic and ECB’s Draghi

ASIA

Asian equities traded mixed as the bourses attempted to mount a...

Asian equities traded mixed as the bourses attempted to mount a recovery following the downbeat lead from Wall St.

BBC's Laura Kuenssberg reported that no real progress was made at yesterday’s cabinet meeting, but discussions will continue

Turkish officials expect the court to release Pastor Brunson on Friday, after NBC reported a secret agreement has been brokered to release the Pastor

Looking ahead, highlights include German CPI (F), IEA Monthly Oil Market Report, US Import/Export...

European stocks taking the lead from US and Asia with significant losses; Stoxx 600 at lowest in 20 months

Mixed reports on an all-UK agreed backstop, with sources suggesting PM May is to ask her cabinet for approval today

Looking ahead, highlights include, US CPI, US weekly jobs and DoEs

ASIA

Asian stocks drowned in a sea of red following the battered lead from Wall St. amid a sell-off in tech stocks where the sector posted its worst day since 2011. Dow and S&P notched their biggest...

Asian stocks drowned in a sea of red following the battered lead from Wall St. after the Dow and S&P notched their biggest one-day drop since early February

Traders cited concerns over prospective earnings (luxury stocks hit yesterday), ongoing trade worries, higher yield environment, whilst some (including Trump and Mnuchin) suggested a mild correction was overdue

UK and EU have reportedly reached an agreement in principle on an all-UK backstop plan, according to sources

Looking ahead,...

Latest reports suggesting progress towards a Brexit deal support a GDP-flippant GBP

European indices largely in the red as focus remains on Italy amidst more budget parliamentary testimonies

Looking ahead, highlights include, US PPI, Wholesale Inventories, APIs, Fed’s Evans and Bostic

ASIA

Asia-Pacific equities traded mixed as the region mimicked the lead from Wall St. where the S&P notched its fourth day of losses while the Nasdaq snapped its three-day losing streak. The Dow...