Major Asia-Pac stock indices & U.S. equity....>

FOREX: Major Asia-Pac stock indices & U.S. equity futures declined, while

persistent hard-line trade rhetoric from China's state media & talk of China

being ready to weaponise rare earth exports vs. the U.S. damaged the underlying

sentiment, but this translated into a mixed picture within the FX space.

- CHF benefitted from safe haven buying, leaving USD and JPY as the worst G10

performers. SEK remained buoyant after topping the G10 pile yesterday.

- Other G10 crosses traded mixed, with AUD proving resistant to weaker iron ore

prices & J.P.Morgan's decision to revise their RBA call to 4 cash rate cuts by

mid-2020. NZD ignored the release of the RBNZ's Financial Stability Report.

- CNH softened somewhat despite a stronger than exp. PBoC fix. Worth noting

today's largest liquidity injection from the PBoC since Jan. Elsewhere in Asia,

KRW tanked as KOSPI led declines among major Asia-Pac stock indices. The won

remains vulnerable to global trade worries & idiosyncratic factors.

- The MonPol decision from the BoC, French CPI (p) & GDP (f), German

unemployment change and Swedish GDP take focus today. Central bank speakers'

list includes ECB's Mersch, Rehn & de Cos, while the ECB will publish its FSR.