• 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,...

• Asian equity markets traded lower across the board on spill over selling from Wall St although the announcement of US-China trade talks provided some glimmer of hope
• Initial support for the USD, eventually petered out sending EUR/USD above the resistance at 1.1350 and GBP/USD reclaimed the 1.2700 handle
• Looking ahead, highlights include Norges Bank interest rate decision, UK retail sales, US building permits and initial jobless claims

ASIA 
Asian equity markets traded...

• USDTRY remains low as tensions abound in turkey despite Pastor Brunson’s appeal rejection
• Rising USD pressuring base metals, which is dragging on FTSE mining names
• Looking ahead, highlights include, US retail sales, industrial production, SOMA and DoEs

ASIA

Asian equity markets were mostly negative as the region failed to take impetus from the gains on Wall St where all majors edged higher as Turkey and EM contagion concerns subsided. Nikkei 225 (-0.7%) weakened...

• Asian equity markets were mostly negative as the region failed to take impetus from the gains on Wall St where all majors edged higher
• The greenback extended on gains which pressured its counterparts across the board. Turkey has raised tariffs on imported goods from the US
• Looking ahead, highlights include UK inflation, US retail sales, industrial production, DoEs

ASIA

Asian equity markets were mostly negative as the region failed to take impetus from the gains on Wall St...

• TRY building on recovery post-liquidity measures, up ~4%, although Erdogan remains defiant
• UK Unemployment rate falls to lowest in over 40 years, but real wage growth stagnates, GBP erased early morning gains and currently flat
• Looking ahead the highlight is API weekly crude inventories

ASIA

Asian equity markets traded mixed as some of the regional bourses shrugged off the negative lead from Wall St where the S&P 500 and DJIA declined for a 4th consecutive day amid...

• Asian equity markets traded mixed as some of the regional bourses shrugged off the negative lead from Wall St. Chinese bourses underperformed their peers amid disappointing Chinese data
• Tory Brexiteers are said to be planning to challenge PM May by publishing their own blueprint favouring a hard Brexit
• Looking ahead, highlights include German GDP and ZEW Survey, UK jobs data and API weekly crude inventories

ASIA

Asian equity markets traded mixed as some...

• European equities kick-start the week lower across the board (Eurostoxx 50 -0.6%) with sentiment in the region soured by contagion concerns
• USD/TRY soared through 7.0000 to a new record peak around 7.2150, and prompted the CBRT into action
• Looking ahead, today’s calendar lacks tier 1 data

ASIA

Asian equity markets began the week lower across the board with sentiment in the region spooked on spill-over concerns as the Turkish lira extended on last...

• Asian equity markets began the week lower across the board with sentiment in the region spooked on spill-over concerns as the Turkish lira extended on last week’s slump
• Sell-off in TRY sparks EM currency sell-off although TRY later found support on announcement of measures
• Looking ahead, today’s calendar lacks tier 1 data

ASIA

Asian equity markets began the week lower across the board with sentiment in the region spooked on spill-over concerns...

Key Events

Monday: North and South Korea to hold “high-level” talks

Tuesday: China Industrial Production, German ZEW Survey, German & EZ GDP, UK Labour Market, Home Depot earnings

Wednesday: UK CPI, US Retail Sales, US Industrial Production, Cisco earnings

Thursday: Australian Labour Market, Norges Bank Rate Decision, UK Retail Sales, US Housing Starts & Building Permits, Walmart...

• Reports of ECB concerns about European banks’ Turkish holdings slam the TRY to record lows
• EUR, European equities struggling as investors take flight to safe haven assets
• Looking ahead, highlights include, new Turkish economic model, US CPI and Canadian jobs

ASIA

Asian equity markets were mostly negative with sentiment subdued after a lacklustre lead from Wall St. where weakness in energy and financials dragged the DJIA and S&P 500, while the...

• Asian equity markets were mostly negative with sentiment subdued after a lacklustre lead from Wall St.
• Heading into European trade, EUR/USD tripped stops on a break of 1.1500 to the downside to print its weakest level in around a year
• Looking ahead, highlights include UK GDP and output, US CPI and Canadian jobs

ASIA

Asian equity markets were mostly negative with sentiment subdued after a lacklustre lead from Wall St. where weakness in energy and financials dragged the...

• FTSE 100 lags following a plethora of large cap ex-dividends and energy names underperforming
• TRY hits new lows; RUB weakens on US sanctions
• Looking ahead, highlights include US weekly jobs, PPI, Fed’s Evans and a US 30yr Bond Auction

ASIA

Asian equity markets were eventually mostly higher after bourses recovered from the initial trade-related losses triggered by China’s retaliation announcement of 25% tariffs on USD 16bln of US goods. This initially weighed...

• Asian equities shrugged off opening losses with Chinese bourses outperforming their regional peers
• NZD/USD slipped to its lowest since early 2016 after the RBNZ kept rates unchanged as expected whilst providing a dovish rate outlook
• Looking ahead, highlights include US weekly jobs, PPI, Fed’s Evans and a US 30yr Bond Auction

ASIA

Asian equity markets were eventually mostly higher after bourses recovered from the initial trade-related losses...

• Sterling continues its slide and returns to multi-month lows vs. USD and JPY
• FTSE outperforming on GBP weakness
• Looking ahead highlights include, US DoEs, RBNZ rate decision and supply from the US

ASIA

Asian stock markets traded mostly positive as they sustained the momentum from the US where the majors eked modest gains with the DJIA led by strength in energy and industrials, while the S&P 500 inched closer towards all-time highs. ASX 200 (+0.3%) was...