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[PODCAST] US Open Rundown 16th April 2019
European indices have grinded higher [Euro Stoxx 50 +0.4%], continuing from the upbeat sentiment seen at the end of the Asia-Pac session; ahead of further US earnings with more Dow components to reportECB sources highlight that policymakers have doubts around H2 growth rebound projections; weighing
READ STORY[PODCAST] EU Open Rundown 16th April 2019
Asian indices are marginally firmer as the region eventually shrugged off the lacklustre sentiment from Wall St. following mixed earningsIn FX, AUD declined on dovish RBA minutes while DXY attempted to reclaim the 97.00 levelLooking ahead, highlights include UK Jobs report, German ZEW, US Industrial
READ STORY[PODCAST] US Open Rundown 15th April 2019
A relatively cautious start to the week for European equities [Euro Stoxx 50 U/C], as the overnight optimism faded.On the trade front EU countries have agreed to begin negotiations with the US; separately, the US have reportedly softened subsidies demands with ChinaLooking ahead, highlights include
READ STORY[PODCAST] EU Open Rundown 15th April 2019
Asian indices are predominantly positive, following on from Friday’s upbeat start to US earnings season and strong Chinese dataUS-China trade hopes bolstered on reports that an agreement has been reached on currency manipulation & US softening demands surrounding subsidiesLooking ahead, highligh
READ STORY[PODCAST] US Open Rundown 12th April 2019
ASIA-PACAsian equity markets traded mixed following an indecisive lead from Wall St. with participants tentative ahead of the latest Chinese trade data and big bank earnings in US. ASX 200 (+0.8%) benefitted from early outperformance in its largest weighted financials sector as top lender CBA gained
READ STORY[PODCAST] EU Open Rundown 12th April 2019
Asian indices are mixed as markets await Chinese trade data and the start of US earnings seasonFrance is reportedly against reopening EU-US trade talks, but will not block them given that a majority supports the talksLooking ahead, highlights include EZ Industrial Production, US Import/Export Prices
READ STORY[PODCAST] US Open Rundown 11th April 2019
Major European indices are largely directionless [Euro Stoxx 50 +0.1%], following on from the cautious trade seen overnightEU Council President Tusk announced that a flexible Brexit extension to October 31st has been agreed uponOn the trade front, China’s Commerce Ministry states that negotiators on
READ STORY[PODCAST] EU Open Rundown 11th April 2019
Asian equity markets were cautious as the region mulled over the prior day’s central bank activity from both sides of the AtlanticFOMC Minutes stated that a majority of policy makers expected rates to remain steady this yearEU's Tusk announced that EU27 and UK have agreed to a flexible Brexit extens
READ STORY[PODCAST] US Open Rundown 10th April 2019
European indices have been grinding higher [Euro Stoxx 50 +0.5%], diverging from the downbeat performance seen overnightRelatively quiet on the Brexit front ahead of today’s emergency summit [11:00CDT/17:00BST], recent reports highlight that MP’s are considering motions for PM May’s resignationIn FX
READ STORY[PODCAST] EU Open Rundown 10th April 2019
Asian indices are predominantly negative, following on from Wall St. where the SPX’s 8-day winning streak ended & ahead of today’s ECB rate decision, FOMC minutes & Brexit summitEU’s Tusk states that extending Article 50 to June 30th is not long enough; instead, proposes a 1-year flexible ex
READ STORY[PODCAST] US Open Rundown 9th April 2019
Major European indices have traded choppily [Euro Stoxx 50 +0.2%], following on from the cautious trade overnight ahead of tomorrows risk events.Brexit sentiment, along with sterling, was buoyed by reports of German support for a 5yr backstop time-limit; however, this was subsequently deniedOn the t
READ STORY[PODCAST] EU Open Rundown 9th April 2019
Asian indices edged into positive territory, following a mixed performance on Wall St. and ahead of tomorrow’s risk events including ECB rate decision & FOMC minutesLegislation avoiding no-deal and forcing an extension to Brexit has been written into UK law, while the EU want a 9/12-month extens
READ STORY[PODCAST] US Open Rundown 8th April 2019
A quiet start to the week for European trade [Euro Stoxx 50 -0.3%] following on from mixed trade overnight and ahead of several key events this week.Reports indicate that UK PM May is to offer Labour leader Corbyn a legally binding soft Brexit, with a ‘Boris Lock’; separately, Tory MP’s may oust May
READ STORY[PODCAST] EU Open Rundown 8th April 2019
A mixed start to the week for Asian indices, as Friday’s momentum fades and markets catch up from their extended weekendOn the Brexit front, the government is prepared to change the Political Declaration to achieve a deal while the EU thinks May’s short extension is riskyLooking ahead, highlights in
READ STORYWeek in Focus; week commencing 8 April 2019
<ul><li><strong>Monday: </strong>US Factory Orders</li><li><strong>Tuesday:</strong> EU General Affairs Council, EIA STEO</li><li><strong>Wednesday: </strong>FOMC Minutes, ECB, OPEC MOMR, UK GDP, US CPI, Trump to meet South Korea President Moon, EU Brexit Summit</li><li><strong>Thursday: </strong>IEA Oil Market Report, Indian Elections Start, US PPI</li><li><strong>Friday: </strong>Revised Brexit date (TBC), Eurozone Industrial Production, Uni of Mich (prelim)</li></ul><p> </p>
READ STORY[PODCAST] US Open Rundown 5th April 2019
Major European indices are little changed [Euro Stoxx 50 U/C], continuing the cautious tone seen in Asia ahead of today’s key risk events.US-China trade discussions continue, with Chinese Vice Premier Liu He saying the two sides have reached a new consensus on key issues, working to conclude talks s
READ STORY[PODCAST] EU Open Rundown 5th April 2019
Asian indices were cautious ahead of today’s key risk events and thinner trade amid market holidaysUS-China trade narrative continues, with President Trump and USTR noting that progress has been made, but the deal is not there yetUK PM May is drafting letters for EU’s Tusk and Labour’s Corbyn regard
READ STORY[PODCAST] US Open Rundown 4th April 2019
European indices have traded lackluster this morning [Euro Stoxx 50 U/C] as markets await US-China updates and ahead of key risk eventsMPs marginally approved a bill preventing a no-deal Brexit, but rejected restricting extension date to before May 22nd & further indicative votesLooking ahead, h
READ STORY[PODCAST] EU Open Rundown 4th April 2019
Asian indices were mixed with sentiment kept afloat by US-China trade optimism; notably, speculation around an imminent sign-off date for a dealMPs narrowly approved a bill to prevent a no-deal Brexit, but rejected restricting extension date to before May 22nd & further indicative votesLooking a
READ STORY[PODCAST] US Open Rundown 3rd April 2019
European indices are firmer [Euro Stoxx 50 +0.7%] as the positive sentiment from Chinese PMI’s and US-China trade continues to drive markets; note, the FTSE 100 (U/C) is lagging on sterling strengthDollar is subdued weighed on by G10 counterparts strength on the back of risk sentiment, Brexit update
READ STORY[PODCAST] EU Open Rundown 3rd April 2019
Asian indices were firmer with sentiment driven by Chinese PMIs and US-China trade; ahead of further talks in WashingtonUK PM May seeks a further A50 extension and a solution with Labour leader CorbynLooking ahead, highlights include EZ, UK & US Services PMIs, EZ Retail Sales, US ADP National Em
READ STORY[PODCAST] US Open Rundown 2nd April 2019
Once again, none of the Brexit indicative motions reached a majority in the House of Commons, though a customs union moved closer to passingEuropean indices are largely unchanged as the data driven momentum fadesDollar is outperforming G10 counterparts buoyed from yesterday’s data and the underperfo
READ STORY[PODCAST] EU Open Rundown 2nd April 2019
Asian indices were firmer following gains on Wall St. as the data driven sentiment continuesOnce again, all Brexit motions were rejected, though a customs union moved closer to passing; ahead of today’s cabinet meeting and another potential vote on ThursdayRBA kept rates unchanged as expected, maint
READ STORY[PODCAST] US Open Rundown 1st April 2019
Major European indices are firmly in the green [Euro Stoxx 50 +0.8%] as the China fueled momentum rolls on from overnightDollar underperforms most G10 counterparts; excluding JPY which is subdued by the improvement in risk sentimentAnother busy day of Brexit ahead, amendment selection for today’s in
READ STORY[PODCAST] EU Open Rundown 1st April 2019
Asian indices were positive as momentum carried over from Wall St; risk tone was boosted by a beat in Chinese PMIsUS-China talks make ‘new’ progress, although China remains cautious No clear path for UK PM May or her deal, which may be pitted against the most popular motion from indicative voti
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