• Asian equity markets were lower across the board amid strong headwinds from Wall St where the tech rout intensified on return from the long weekend
• AstraZeneca’s COVID-19 vaccine trial with the University of Oxford has reportedly been placed on hold due to an adverse reaction in a UK participant
• Senior UK Sky News sources believe UK Chief Brexit Negotiator Frost has concluded that a deal with the EU is not achievable without fundamentally compromising UK red...

• Sentiment has slipped as US participants return following a positive APAC handover; Nasdaq 100 future 2.5% lower and once again the laggard
• USD benefits from the deterioration in sentiment to the detriment of all major peers with GBP feeling the brunt after yesterday’s slide following further downbeat Brexit reports
• Indian and Chinese troops are in a stand-off at a location near North of Rezangla heights in Eastern Ladakh, 30-40 soldiers reportedly involved from the...

• Asian equity markets traded mostly positive, following the upbeat performance in EU counterparts
• Gains in the region were moderated after US President Trump suggested the idea of decoupling the US economy from China
• UK PM Johnson is to reportedly tell the EU that the Brexit deal must be rewritten in order to protect the Union, according to The Telegraph
• In FX, the DXY held on to mild gains above 93.00, EUR/USD briefly slipped below 1.18 and GBP remains pressured by Brexit concerns
• Looking...

• Asian equity markets began the week indecisively as the region reflected on Friday’s US jobs release and continued tech-related losses on Wall St
• Mixed Chinese trade data and ongoing tensions with the US added to the cautious approach
• The DXY heads into the EU open relatively flat below 93.00; GBP pressured by the latest Brexit updates
• UK PM Johnson has set a trade deal deadline for October 15th and is reportedly planning new legislation that would override key aspects of the withdrawal...

• Sentiment has picked up since the European cash open; Banking sector outperforms
• US equity futures have mostly nursed losses, NQ remains the underperformer
• US Treasury Secretary Mnuchin and House Speaker Pelosi reportedly plan to keep stimulus additions out of the funding bill to make the bill easier to pass
• BoE's Saunders considers it likely that additional monetary easing will be appropriate to achieve a sustained return to the 2% inflation target
• US curve is bear steepening; DXY remains...

• APAC stocks took the downbeat lead from Wall Street, which saw the Nasdaq shed over 5% amid the stock rout
• White House Chief of Staff Meadows said they are eyeing a number of other Chinese apps regarding threats
• UK Chancellor Sunak was warned that rebels in the UK Conservative Party will vote against the Autumn budget if the government proceeds with tax increases
• NATO Secretary General announced Greece and Turkey have agreed to enter talks...

• European stocks remain in firm positive territory, but US equity futures diverge from counterparts across the pond
• US Senate Majority Leader McConnell suggested doubts on whether Congress can get an agreement of a COVID-19 relief bill when Congress returns to Washington from the recess
• Top ECB officials are said to be concerned of a strengthening EUR; a council member said the EUR rise will likely require the ECB to further cut inflation projections next week
• White House is reportedly to clarify the...

• APAC stock markets traded mostly higher after a firm lead from Wall Street; but gains in China faded
• Top ECB officials are said to be concerned of a strengthening EUR; a council member said the EUR rise will likely require the ECB to further cut inflation projections next week
• European Centre for Disease Prevention and Control said COVID-19 infections in Europe are "almost back" to March levels
• NIH’s Dr Fauci said based on COVID-19 vaccine...

• European bourses are elevated this morning shaking off the mixed APAC handover and taking direction from Wall St.
• US Secretary of State Pompeo said to expect an administration announcement in the coming days or weeks on China
• US House Speaker Pelosi’s office that there was no agreement on areas of funding Treasury Secretary Mnuchin testified about
• FX sees the USD firmer but within a relatively narrow range to the detriment of major peers with EUR downside exacerbated via EUR/GBP
• Looking...

• Asian equity markets were mixed as the region partially sustained the momentum from the fresh record highs on Wall St.
• In FX markets, the DXY has reclaimed 92.00, EUR/USD sits just above 1.19 and GBP/USD trades just below 1.34
• ECB’s Lane says the ECB does not target the FX rate but the EUR/USD rate does matter
• Fed's Brainard suggested the importance is for Fed policy to pivot to accommodation from stabilisation in the coming months
• Looking ahead, highlights include US ADP Employment, Factory...

• Stocks have been modestly choppy but generally rangebound throughout the morning; currently, US futures are firmer with Nasdaq outperformance
• China’s Caixin Manufacturing PMI beat & EZ CPI dropped into negative territory
• US Treasury Secretary Mnuchin said House Speaker Pelosi and Senate Minority Leader Schumer do not want to negotiate in good faith regarding COVID-19 relief legislation
• RBA left policy U/C overnight and reiterated forward...

• Asian equities traded cautiously as the region took its cue from the losses seen across most global counterparts
• Chinese Caixin Manufacturing PMI (Aug) 53.1 vs. Exp. 52.6 (Prev. 52.8); highest since January 2011
• USD-selling persisted in Asia trade in which the DXY retreated below 92.00 to extend on 2-year lows
• RBA left the Cash Rate Target unchanged at 0.25% and the 3yr yield target at 25bps as expected
• EU Chief Brexit Negotiator Barnier is unwilling to open discussions on Britain’s latest...

• European bourses are modestly firmer but off highs as month-end approaches
• DXY is attempting to stage a recovery as FX peers remain mixed amidst the UK Summer Bank Holiday
• US FDA Commissioner Hahn commented that he is willing to fast track a vaccine for COVID-19
• Chinese PLA troops reportedly violated previous consensus achieved between China & India and undertook a provocative military movement
• Chinese PMIs were mixed but all remained in expansionary territory for August
• Looking...

• MON: UK Holiday; Japanese Industrial Operating Profit (Prelim/July), Chinese NBS Manufacturing & Non-Manufacturing PMI (Aug), Japanese Consumer Confidence Index (Aug), German CPI (Prelim/Aug), Import Prices (July), Canadian Producer Prices (July), US Dallas Fed Manufacturing Business Index (Aug), New Zealand Import/Export Prices (Q2)
• TUE: RBA Monetary Policy Decision; South Korea GDP (Q2/R); Chinese Caixin Manufacturing PMI (Aug/F);  EZ, UK and US Markit Manufacturing PMI...

• Asian equity markets were mostly higher amid tailwinds from last Friday’s gains on Wall St; Japan outperformed
• ByteDance will need the Chinese government’s approval to sell TikTok’s US operations
• US is to declassify documents today which will provide detail regarding security assurances to Taiwan
• UK is reportedly prepared to walk away from Brexit trade discussions if the EU does not back down on its demand for UK to align with EU state aid...

• Japanese PM Abe announced a surprise resignation due to ill health; will remain as PM until successor is announced
• European equities see mixed trade, with futures modestly softer, whilst E-mini S&P briefly topped 3,500
• USD/JPY fell in wake of news of PM Abe’s resignation; DXY losses accelerated amid JPY strength bolstering major peers
• Bytedance instructed TikTok engineers to draw up US shutdown contingencies and that it is making separate plans to compensate TikTok's US employees and vendors...

• Japanese PM Abe is reportedly planning to resign due to health reasons, according to NHK; press conference scheduled for 09:00BST
• Asian bourses eventually traded mixed; E-mini S&P rose above 3,500, Nikkei 225 briefly fell as much as 2.5%
• USD/JPY fell in wake of news of PM Abe’s resignation; DXY losses accelerated amid JPY strength
• China’s military said a US warship has been expelled near the Paracel Islands in the South China...

• European stocks drift lower despite a lack of fresh catalysts ahead of Fed Chair Powell
• US Republicans are reportedly refining the new 'skinny' stimulus proposal which would not include stimulus checks and would be valued at USD 500bln
• US Defense Secretary Esper said Beijing has repeatedly failed to keep promises to adhere to international laws
• In FX, DXY remains propped up around 93.00, antipodeans outperform; UST curve is fractionally flatter
• Looking ahead, highlights include US GDP (2nd...

• Asian equity markets traded mixed after failing to take full impetus from the fresh record highs stateside
• US Defense Secretary Esper said Beijing has repeatedly failed to keep promises to adhere to international laws, whilst a US official stated that US actions regarding the South China Sea are a mere start
• EU Trade Chief Hogan confirmed reports that he is to resign as EU Trade Commissioner
• UK officials have warned that negotiations with...

• European bourses modestly strengthened from a soft open after a weak APAC handover amidst quiet newsflow
• NHC says Laura is set to rapidly strengthen to a Category 4 hurricane
• Salesforce (CRM) beat on top and bottom lines and are some 12% higher in the pre-market
• DXY holds 93.00 with major peers mixed but overall little changed
• UST yields are continuing yesterday’s bear-steepening with USD 51bln 5yr supply in focus before tomorrow’s Jackson Hole
• Looking ahead, highlights include US...

• Asian equity markets traded cautiously amid a lack of fresh macro drivers and following on from the somewhat choppy performance of US counterparts
• In FX, the DXY rebounded from support around 93.00, dragging EUR/USD towards 1.18 and GBP/USD below 1.3150
• WTI crude futures plateaued just south of the USD 43.50/bbl level following the prior day’s advances; output disruptions remain in focus
• US President Trump's Administration is reportedly...

• European bourses remain positive after a mixed APAC lead with US futures modestly positive as well
• USTR Lighthizer and Treasury Secretary Mnuchin spoke with China Vice Premier Liu He on Monday regarding implementation of the Phase 1 trade agreement
• Officials from both sides see progress and are committed to taking next steps required to ensure success of the deal
• DJIA Reshuffle: Salesforce.com (CRM), Amgen (AMGN) and Honeywell (HON) are to replace ExxonMobil (XOM), Pfizer (PFE) and Raytheon (RTX) as...

• Asian equity markets traded mostly higher as the region took impetus from the fresh record highs on Wall St
• USTR Lighthizer and Treasury Secretary Mnuchin spoke with China Vice Premier Liu He on Monday regarding implementation of the Phase 1 trade agreement
• Officials from both sides see progress and are committed to taking next steps required to ensure success of the deal
• The DXY was softer but remained above 93.00, EUR/USD reclaimed 1.18...

• Equities build on a firm APAC handover as newsflow slows this morning
• FDA authorized the emergency use of convalescent plasma as treatment for hospitalized COVID-19 patients
• President Trump is considering fast tracking the UK vaccine which is currently being developed by AstraZeneca before the election, although AstraZeneca later denied this
• US President Trump raised the prospect of decoupling from China in which he suggested the US doesn’t have to do business with China
• Crude is supported...

Highlights include Fed’s Jackson Hole conference; RNC; US personal spending/consumption, consumer confidence; Aus capex; NZ retail sales; Canada GDP, BOK rate decision