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[PODCAST] EU Open Rundown 24th February 2020
Major Asian indices traded lower across the board amid cases spikes outside China; KOSPI lagged, Shenzhen outperformed; Japan was closed – US equity, DAX and Eurostoxx 50 futures opened with steep lossesIn FX, DXY traded on either side of 99.500, Antipodeans were pressured, EUR was weighed on, KRW s
READ STORY[PODCAST] US Open Rundown 21st February 2020
Sentiment remains subdued after yesterday’s sell-off; USD softens as GBP and JPY strengthenChina's Politburo says the turning point of the virus outbreak in China has not arrived yet, State MediaSouth Korea has reported 48 more cases of novel coronavirus, total rises to 204, according to YonhapLibya
READ STORY[PODCAST] EU Open Rundown 21st February 2020
Asian equities traded with downside bias after a weak handover from Wall Street, Hang Seng and KOSPI laggedChina reported an additional 889 (Prev. 394) coronavirus cases and 118 (Prev. 114) additional deaths as of February 20South Korea’s virus case count rose to 156; two evacuees from the Diamond P
READ STORY[PODCAST] US Open Rundown 20th February 2020
USD remains king as 100 comes into focus for the DXY as it outperforms G10 peers, particularly JPY/AUD/NZDEuropean bourses have traded largely directionless for the session, as focus remains on geopolitics/virus headline riskConcerns mount over the spread of coronavirus outside of China, namely Japa
READ STORY[PODCAST] US Open Rundown 19th February 2020
European bourses are modestly firmer, with gains roughly in-line with their APAC peersTurkish President Erdogan says he is presenting his final warning to the Syrian government regarding Idlib and says that a military operation is a "matter of time”GBP was briefly bolstered on strong UK CPI, with th
READ STORY[PODCAST] EU Open Rundown 19th February 2020
China’s Mainland reported total cases 74185 vs. Prev. 72436, total deaths 2004 vs. Prev. 1789Asian equities traded with cautious gains; Nikkei 225 outperformed, Mainland China was supported by stimulus hopesIn FX, DXY remained near recent highs, USD/JPY reclaimed 110.00, EUR and GBP traded sidewaysY
READ STORY[PODCAST] US Open Rundown 18th February 2020
European bourses are softer this morning in-line with the knock to risk-tone post AAPL revenue warningApple (AAPL) issued a revenue warning in which it does not expect to meet revenue guidance for the March quarter citing the coronavirus outbreakChina's President Xi says that China is still able to
READ STORY[PODCAST] EU Open Rundown 18th February 2020
China reported an additional 1868 coronavirus cases and 98 additional deaths, 1701 patients were dischargedApple (AAPL) issued a profit warning and does not expect to meet revenue guidance for Q1 amid the coronavirus outbreakRBA Minutes largely echoed the statement but also highlighted that Coronavi
READ STORY[PODCAST] EU Open Rundown 17th February 2020
APAC stocks traded mixed: China was buoyed by the PBoC, Nikkei 225 lagged on dismal domestic GDPTotal Mainland coronavirus cases are now at 70548 and death toll at 1770, whilst 1425 were discharged from hospital on SundayChina cuts its 1yr MLF by 10bps to 3.15%, 1ppts below the 1yr LPR which is to b
READ STORY[PODCAST] US Open Rundown 14th February 2020
European bourses are little changed in largely directionless tradeCrude futures are bolstered somewhat heading into a long US weekendG10 FX complex is flat, with the DXY little changed as a resultEZ GDP printed as expected after flat QQ German numbers, while EZ employment surprised to the upsideLook
READ STORY[PODCAST] EU Open Rundown 14th February 2020
Asian equity markets were mostly higher following the near recovery seen on Wall StChina's Hubei province reported 4823 new coronavirus cases and 116 additional deaths as of February 13thChina is reportedly considering postponing its annual parliamentary meeting (scheduled for March 5th)US filed a s
READ STORYPODCAST] US Open Rundown 13th February 2020
China's Hubei province reported 14840 new coronavirus cases under revised standards – the methodology has not changed outside HubeiEuropean stocks trade with losses across the board [Eurostoxx 50 -1.4%], FTSE 100 underperformsRisk aversion sees safe-haven FX bid, DXY is softer below 99.000 and energ
READ STORY[PODCAST] EU Open Rundown 13th February 2020
China's Hubei province reported 14840 new coronavirus cases under revised standards and 242 additional deaths as of February 12thAsian equity markets traded cautiously as the euphoria from the record highs on Wall St were soured by the latest updates from HubeiDXY stalled after printing fresh 3-mont
READ STORY[PODCAST] US Open Rundown 12th February 2020
European bourses are firmer on little direction-changing newsflow for risk sentiment thus farNew Hampshire Democratic Primary results projected Bernie Sanders to win as expected with 26.0%, Buttigieg 24.4%, Klobuchar 19.8%, Warren 9.3% and Biden 8.4%RBNZ left rates unchanged at 1.0% and lifted their
READ STORY[PODCAST] EU Open Rundown 12th February 2020
Asian equity markets were mostly higher but with gains limited as coronavirus fears lingeredChina reported an additional 2015 coronavirus cases and 97 deaths as of February 11th to bring total confirmed cases to 44653 and death toll at 1113RBNZ stood pat on rates as expected, whilst adopting an over
READ STORY[PODCAST] US Open Rundown 11th February 2020
European bourses are firmer as sentiment remains risk-on following the APAC handoverCoronavirus outbreak may peak later this month and then plateau, China Advisor NanshanRussian Energy Minister Novak says they will hold a meeting tomorrow with domestic oil producers to discuss the OPEC+ dealThe ECB
READ STORY[PODCAST] EU Open Rundown 11th February 2020
Asian equity markets were higher across the board after taking the cue from US peersChina reported 2478 new coronavirus cases and 108 new deaths as of Feb. 10thThe ECB could announce a decision on whether to change its inflation goal by the SummerFed's Daly said inflation a bit above target is 'far
READ STORY[PODCAST] US Open Rundown 10th February 2020
European bourses are subdued but have been bolstered, alongside sentiment in general, by comments out of China regarding coronavirus medicine provisionsChinese President Xi says China will adopt more decisive measures to contain the spread of the virus in the Hubei province, and will be speeding up
READ STORY[PODCAST] EU Open Rundown 10th February 2020
Asia-Pac stocks began the week with a sombre tone as the death toll for the Coronavirus has now surpassed that of SARSChina’s total confirmed cases now stands at 40171 and total deaths at 908 as of February 9thRussian Energy Minister Novak stated that Russia is not yet prepared to announce its posit
READ STORY[PODCAST] US Open Rundown 7th February 2020
Risk-off returns as sentiment dips on Coronavirus concerns and China postponing trade dataEuropean bourses/US futures suffer as safe havens rise after USD/CNH re-claimed 7.00 brieflyChina Customs Office says that they are to combine the months of January and February for reporting of trade dataRBA S
READ STORY[PODCAST] EU Open Rundown 7th February 2020
Asian equity markets were mostly subdued after failing to benefit from the tailwinds on Wall St.China National Health Commission reported coronavirus cases now at 31161 and death toll at 636RBA Statement on Monetary Policy noted the Bank are discussing rate cuts but were wary of the risks associated
READ STORY[PODCAST] US Open Rundown 6th February 2020
European equity markets have faded off highs [Eurostoxx 50 +0.4%] seen since the cash open as sentiment turned more cautiousChina reported total coronavirus cases were now at 28018 and total death toll at 563 as of Feb. 5thChina is to cut tariffs by as much as 50% on USD 75bln of US goods effective
READ STORY[PODCAST] EU Open Rundown 6th February 2020
Asia-Pac equity markets got a lift from the tailwinds from Wall St. where S&P 500 and Nasdaq posted record closesChina reported total coronavirus cases were now at 28018 and total death toll at 563 as of Feb. 5thChina is to cut tariffs by as much as 50% on USD 75bln of US goods effective Februar
READ STORY[PODCAST] EU Open Rundown 5th February 2020
Asian equity markets were positive across the board as the global rebound filtered through to the regionChina reported total coronavirus cases in the mainland are now at 24324 and total number of deaths was now at 490US President Trump’s administration is planning to meet later this month to discuss
READ STORY[PODCAST] US Open Rundown 4th February 2020
Risk-on dominates this morning as little has occurred to changed yesterday’s positive narrativeIowa results have been delayed, expected to be released later tonightUS Trump administration it to proceed with new rules that would enable the nation to impose punitive tariffs on goods from countries bel
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