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[PODCAST] EU Open Rundown 14th March 2019
Asian stocks were initially higher across the as the region took early impetus from the US. However, the risk tone was eventually clouded as participants digested Chinese dataUK Government Brexit motion to rule out a no-deal in any scenario and Brexit Amendment A were both accepted by the HoC last n
READ STORY[PODCAST] US Open Rundown 13th March 2019
Major European indices are slightly firmer [Euro Stoxx 50 +0.2%] shrugging off poor performance overnightUK has announced temporary cuts to import tariffs and temporary moves to avoid a hard Irish-Northern Irish border in a no-deal Brexit scenarioSterling outperforms G10 counterparts, around the 1.3
READ STORY[PODCAST] EU Open Rundown 13th March 2019
UK PM May lost the Brexit deal vote by 391 against vs. 242 for (149 vote margin). Lawmakers will now vote on the possibility of accepting a no deal BrexitAsian equity markets traded mostly lower following the mixed lead from Wall St and after UK PM May’s Brexit defeat and soft data releasesIn FX, th
READ STORY[PODCAST] US Open Rundown 12 March 2019
UK PM May secured assurances from the EU regarding the Northern Irish BackstopSterling loses some of its stride ahead of AG Cox’s verdict and the meaningful voteEuropean equities are somewhat mixed having waned off opening highs [Euro Stoxx 50 U/C]Looking ahead, highlights include US inflation, API
READ STORY[PODCAST] EU Open Rundown 12th March 2019
Asian equity markets traded mostly higher as the region took impetus from the M&A inspired tech-led rally on Wall StUK PM May has secured “legally binding” changes to her Withdrawal Agreement, however, she did not get the power to unilaterally exit the backstop, nor did she get a time limit plac
READ STORY[PODCAST] US Open Rundown 11th March 2019
Major European equity indices are essentially unchanged, while Dow futures underperform due to heavyweight BoeingBrexit deadlock continues, recent reports suggest that PM May may change tomorrows vote from meaningful to provisionalLooking ahead, highlights include US retail sales (Jan), BoE’s Haskel
READ STORY[PODCAST] EU Open Rundown 11th March 2019
Asian equity markets traded somewhat indecisive as the region digested Friday’s mixed US jobs data, China outperformed on PBoC pledge to further support the slowing economyChina reportedly removed the trip to Mar-a-Lago from Chinese President Xi's calendar, US and China are still negotiating over th
READ STORYWeek in Focus; week commencing 11 March 2019
<ul><li><strong>Monday:</strong> Eurogroup meeting</li><li><strong>Tuesday:</strong> Brexit Meaningful Vote (TBC), ECOFIN meeting, UK GDP, US CPI</li><li><strong>Wednesday: </strong>Eurozone Industrial Production, US PPI</li><li><strong>Thursday:</strong> BoJ Rate Decision, US Retail Sales</li><li><strong>Friday:</strong> Eurozone CPI (final), NY Fed Mfg, Uni of Michigan (Prelim), US JOLTS (Jan), US Industrial Production</li></ul>
READ STORY[PODCAST] US Open Rundown 8th March 2019
Chinese trade surplus shrinks, as exports sink to 3 year lows European indices [Euro Stoxx 50 -0.6%] extend losses amidst global growth concernsDxy drifts from YTD peaks awaiting US payrolls Looking ahead, highlights include US & Canadian Jobs Report, ECB's Mersch Speaking ASIAAsi
READ STORY[PODCAST] EU Open Rundown 8th March 2019
Asian equity markets were negative across board on spill-over selling from their global peers after the ECB's latest policy announcement and disappointing Chinese trade dataUK PM May will urge the EU to help get her Brexit deal through House of Commons by agreeing to legally binding changes to the b
READ STORY[PODCAST] US Open Rundown 7th March 2019
Major European equities are marginally lower [Euro Stoxx 50 -0.4%] ahead of today’s ECB policy announcementEU Brexit negotiators have told UK Attorney General Cox to rework his backstop proposals and return for further talks on FridayHuawei has filed a lawsuit against the US for banning equipment fr
READ STORY[PODCAST] EU Open Rundown 7th March 2019
Asian stocks were mostly lower following the negative lead from Wall Street, China wobbled after Huawei filed a lawsuit against the US governmentEU officials are reportedly pessimistic about reaching a Brexit breakthrough. Negotiators suspect that whatever they offer will not be enough to get Parlia
READ STORY[PODCAST] US Open Rundown 6th March 2019
European indices are moving towards unchanged [Euro Stoxx 50 -0.1%] after a somewhat weaker startAUD underperforms, weighed on by; GDP miss, banks now expecting two rate cuts and RBA’s Lowe stating it is hard to imagine a rate hike this yearEU official states that talks did not go well, as EU/UK tal
READ STORY[PODCAST] EU Open Rundown 6th March 2019
Asian stocks were relatively mostly higher following a muted lead from Wall Street, Nikkei 225 underperformedAUD was dealt a triple-whammy from Aussie GDP, Governor Lowe and JPM downgrading RBA rate forecastsUK and EU negotiators reached no agreement yesterday, an EU official said the talks did not
READ STORY[PODCAST] US Open Rundown 5th March 2019
Major European indices are moving towards negative territory, after starting the session somewhat firmer [Euro Stoxx 50 U/C] China lowered their 2019 GDP growth target range to 6.0-6.5% vs. Prev. around 6.5% DXY is off of its best levels, but continues to move higher and as such is outperformi
READ STORY[PODCAST] EU Open Rundown 5th March 2019
Asian stocks traded lacklustre following a disappointing lead from Wall Street. Mainland China maintained composure following the Chinese NPC announcementChina lowered its 2019 GDP growth target to the range of 6.0-6.5% from “around 6.5%” and maintained CPI target at 3.0%, both as expected, budget d
READ STORY[PODCAST] US Open Rundown 4th March 2019
US and China are reportedly closing in on the final stages of a deal, according to WSJ Major European indices are higher, continuing from a strong Asia session, albeit off of best levels Dollar is mixed, but has recovered from US President Trump’s dollar strength comments Looking ahea
READ STORY[PODCAST] EU Open Rundown 4th March 2019
Asian equities were higher across the board amid trade-optimism, Mainland China outperformed with Shanghai Comp. above 3000 WSJ reported that US-China trade deal is at its final stages, whilst China said foreign investment laws will strengthen IP protection 1922 Committee Chairman Brady shifte
READ STORYWeek in Focus; week commencing 4 March 2019
<ul><li><strong>Mon:</strong> US Construction Spending (Dec)</li><li><strong>Tue:</strong> RBA, Spanish Parliament dissolves, EZ final PMIs, EZ Retail Sales, US ISM non-Mfg, PMIs, US New Home Sales (Dec)</li><li><strong>Wed: </strong>BoC, Fed's Beige Book, Aussie GDP, US & Canada Trade Balance (Dec), US Factory Orders, US New Home Sales (Jan)</li><li><strong>Thu:</strong> ECB, Aussie Retail Sales & Trade Balance, US & Canada Trade Balance (Jan)</li><li><strong>Fri:</strong> US & Canadian Labour Market Report</li></ul>
READ STORY[PODCAST] US Open Rundown 1st March 2019
Major European indicies are in the green [Euro Stoxx 50 +0.8%], following from the positive sentiment in Asia Dollar somewhat stronger, as safe havens suffer on risk sentiment China’s Caixin Manufacturing PMI beat expectations, but remains in contraction Looking ahead highlights inclu
READ STORY[PODCAST] EU Open Rundown 1st March 2019
Asian stock kicked the month off on the front foot, Nikkei 225 outperformed, Chinese Caixin Manufacturing PMI beat forecast but remained in contraction UK Opposition Labour Party is reportedly moving towards a compromise plan which would allow PM May’s Brexit deal to pass in exchange for a
READ STORY[PODCAST] US Open Rundown 28th February 2019
US President Trump and North Korean Leader Kim Jong-Un failed to reach an agreement Major European equities [Euro Stoxx 50 U/C] trim opening losses ahead of US entrance to market Looking ahead, highlights include; US GDP & Chicago PMI, Fed’s Clarida, Bostic, Harker & Kaplan
READ STORY[PODCAST] EU Open Rundown 28th February 2019
Asian stocks were mixed following a similar lead from Wall Street, China Manufacturing PMI contracted for a third-straight month PM May avoided a Parliamentary showdown yesterday by agreeing to hold a vote on March 14th on whether to delay Brexit, if Parliament has rejected her deal and leaving w
READ STORY[PODCAST] US Open Rundown 27th February 2019
European equities are subdued as the risk tone deteriorates due to escalating tensions between Pakistan and India Sterling has been boosted, with cable having surpassed 1.33 ahead of today’s amendment votes Dollar has slipped somewhat ahead of Fed Powell testimony part 2; with yesterday&
READ STORY[PODCAST] EU Open Rundown 27th February 2019
Asian equities posted firm gains following a subdued lead from Wall Street, energy stocks outperformed UK PM May said she is close to winning concessions from the EU that could persuade Eurosceptic MPs to back her deal Brexiteer Jacob Rees-Mogg is prepared to consider other legal fixes to make
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