Another Iron Lady ?

Summary: 全球股市在连续上涨后表现温和，英镑和欧元在May表示愿意与工党合作后受到大幅提振。未来24小时对于脱欧进程非常关键， 而2.50%正逐渐成为近期美债十年期的强阻力位置。

04.03.2019 Wed， Sunny, Air Polluted ——这几天午夜到中午都是污染，下午就转优了，工厂都半夜开工呢？

Another Iron Lady ?Summary: 全球股市在连续上涨后表现温和，英镑和欧元在May表示愿意与工党合作后受到大幅提振。未来24小时对于脱欧进程非常关键，而2.50%正逐渐成为近期美债十年期的强阻力位置。

EU The pulse of buy-the-dip kept UST in bid tone all across Asia session and $Asia trade higher in contrast to the regional equity momentum with the firmer USD G3 backdrop. Asia bourses performed mixed while A share say a volatile time and closed mixed. CGB was still in offer tone on the contrary to its US peers.

EU markets take a breath after the mega China led risk surge. Most indexes pared some gains at the opening while EGBs traded mixed.

Brexit stayed in chaos while the political impasses frustrates all. Merkel says still aiming for orderly UK departure from EU while Barnier says no-deal Brexit is now "very llikely" . Macron said he is now open to new proposals from the UK on Brexit because the Parliament’s rejection of the current deal “puts us on a path to a hard exit.”ECB''s Villeroy says monetary policy will remain accommodative as long as necessary. He also urges fiscal stimulus in Germany and Netherlands as to reboot the ailing EU economy, warning that other countries have little room to help.

Shortly post the midnight, May announced she would hold talks with the opposition leader Jeremy Corbyn in an attempt to break the deadlock that has plagued every recent Brexit vote in parliament. Corbyn says he is “very happy” to meet with the PM and won’t “set any limits” in negotiations. The market was boosted on this and GBP and EUR rallied even before the news was official released.

Brexit inspired fixed income rally has not prevented stocks trading higher with EUROSTOXX 600 up 0.3%.

data5:00, EMU Feb PPI 3% yoy vs 3.1%, prior 3% down to 2.9%usUS session proved to be a quiet and tight range time shrugging off the not that great durables (I don''t think it missed if we take the revision into account). The sentiment on USTs turned from bid into offer through New York session before 2 o''clock. Trump said he is prepared to close the US southern border. He told reporters, “security is more important to me than trade.” , which could cause some kind of nervousness as USTs reverses all the loss and closed almost flat. All the major stocks indexes saw a weak session but closed mixed after a consecutive 3-day rally.

WSJ noted White House standing behind proposed nomination of Stephen Moore to the Fed board. Follows reports of past legal and financial problems, along with fairly widespread pushback from economist communitydata8:30, US Feb P durable goods orders -1.6% mom vs -1.8%, prior 0.3% down to 0.1%cap goods orders nondef ex air -0.1% vs 0.1%, prior 0.8% up to 0.9%cap good ship nondef ex air 0.0% vs -0.1%, prior 0.8% up to 1.0%The durable orders data released is for February, meaning it is the first month after the shutdown

eventsITA/FRA/DEU/EMU/UK services PMIUS ADP , Markit services PMI, ISM non-mfgBostic , Kashkari speaks