11 Dec 2020, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed following a similar subdued performance on Wall Street
- Congressional leaders remained at loggerheads on COVID-19 relief, with rampant infections stateside and no-deal Brexit concerns across the pond contributing to the cautious tone
- Sanofi/GlaxoSmithKline have announced a delay in their adjuvanted recombinant COVID-19 vaccine programme
- In FX, the DXY remains sub-91.00, EUR/USD trades north of 1.2150 and...
10 Dec 2020, 11:46 by Newsquawk Desk
- Indices are largely firmer this morning though magnitudes are modest, Euro Stoxx 50 +0.2% & ES +0.1%, as focus resides on the sessions looming risk events
- US Treasury Secretary Mnuchin says talks between GOP and Democrats are quite constructive but few sticking points remain regarding a deal
- UK PM Johnson and EU's von der Leyen agreed that a firm decision should be taken about the future of talks by Sunday
- China's Foreign Ministry says...
10 Dec 2020, 06:54 by Newsquawk Desk
- Asian equity markets were cautious amid headwinds from the soured mood on Wall St with the downturn led by hefty losses in the Nasdaq
- UK PM Johnson and EU's von der Leyen agreed that a firm decision should be taken about the future of talks by Sunday
- In FX, the DXY gave back some of its gains, EUR/USD lost 1.21 status ahead of ECB and GBP/USD trades sub-1.34
- The US House has come together on passing the one-week stopgap funding measure to...
09 Dec 2020, 11:50 by Newsquawk Desk
- US futures are modestly firmer but somewhat mixed contrasting European indices which are supported amid the broader risk tone, Euro Stoxx 50 +0.3%; albeit, off highs
- UK PM Johnson and European Commission President Von der Leyen dinner tonight is due to start at 19:00GMT/14:00EST
- Poland, Hungary, and Germany have agreed on an EU deal, according to the Polish Deputy Premier.
- US Treasury Secretary Mnuchin said he spoke with House Speaker Pelosi and presented a USD 916bln coronavirus relief proposal;...
09 Dec 2020, 06:54 by Newsquawk Desk
- Asia-Pac bourses traded positively as the region took impetus from the record highs on Wall St
- US Treasury Secretary Mnuchin presented a USD 916bln coronavirus relief proposal, although key Democrats have since labelled it as unacceptable
- EU Commission President von der Leyen confirmed that a meeting will take place with UK PM Johnson this evening
- Sources noted a growing list of EU states are concerned that EU Commission President von der...
08 Dec 2020, 11:30 by Newsquawk Desk
- European indices are modestly subdued, Euro Stoxx 50 -0.4%, in a relatively quiet session ahead of a number of looming risk events; stateside, performance is broadly similar ES -0.4%.
- FDA is today to release two separate detailed analyses on the Pfizer(PFE)/BioNTech(BNTX) COVID-19 vaccine candidate, ahead of Thursday's meeting, WSJ
- UK MPs voted against the House of Lords' amendments to the Internal Market Bill and reinstated the ‘international law-breaking’ clauses...
08 Dec 2020, 06:54 by Newsquawk Desk
- Asian equity markets were mixed after an uninspiring handover from the US where stocks pulled back from record levels
- UK MPs voted against the House of Lords' amendments to the Internal Market Bill and reinstated the ‘international law-breaking’ clauses to the controversial bill (as expected)
- UK PM Johnson is to visit Brussels for an in-person meeting with EU Commission President von der Leyen to push for a trade deal
- In FX, the DXY traded...
07 Dec 2020, 11:40 by Newsquawk Desk
- European indices are modestly lower but off worst levels, Euro Stoxx 50 -0.5%, with US futures exhibiting similar performance; ES -0.4%, NQ -0.1% & YM -0.4%
- Brexit updates have largely been downbeat, prompting a GBP sell-off to the benefit of USD, with PM Johnson & Commission President von der Leyen to speak once again today
- As such, DXY has been lifted to 91.241 at best but is off this high presently with major peers subdued but again off...
07 Dec 2020, 06:54 by Newsquawk Desk
- Asian equity markets were mixed despite the region initially taking its cue from the fresh record levels last Friday on Wall Street in which all major indices posted all-time highs
- In FX, the DXY was rangebound beneath 91.00, EUR/USD retains 1.21 status and GBP/USD was choppy amid a flurry of Brexit-related headlines
- In Brexit talks, both sides noted that significant differences on three issues remained and underlined that no agreement is possible if the issues are...
04 Dec 2020, 11:33 by Newsquawk Desk
- Major European bourses trade with modest gains across the board, FTSE 100 outperforms on Brexit optimism
- EU official said a Brexit trade deal is "imminent" and expected by the end of the weekend barring a last-minute breakdown in discussion
- US President Trump's administration said it added four Chinese companies to the Department of Defense blacklist for ties with the Chinese military
- In FX markets, the DXY remained lacklustre just above...
04 Dec 2020, 06:54 by Newsquawk Desk
- Asia-Pac bourses traded mixed following a similar performance stateside where stock markets stalled after notching fresh record levels
- Pfizer (PFE) cut its vaccine rollout targets for this year due to supply chain issues and it now expects to ship half the doses it had originally planned
- The RBI kept rates unchanged as expected, whilst maintaining its accommodative stance
- An EU source said Brexit talks are 'extremely sluggish', according to...
03 Dec 2020, 11:44 by Newsquawk Desk
- European equities are modestly softer following an uninspiring open; sectors do not present a risk profile
- The EU is completing rules on content, competition that are likely to apply to Google (GOOG), Facebook (FB) and Amazon (AMZN), sources state
- EU diplomat states that the same Brexit issues remain outstanding. Multiple EU sources play down the prospects of a Brexit deal today, but tomorrow is a possibility
- OPEC+ is closing in on an...
03 Dec 2020, 06:55 by Newsquawk Desk
- A tentative mood was seen in Asia-Pac bourses following the flat performance on Wall St, whilst Chinese Caixin Services PMI printed its second highest reading in a decade
- US and EU have reportedly renewed their push to settle the Boeing (BA) Airbus (AIR FP) subsidy dispute
- In FX markets, the DXY has slipped below 91.00, EUR/USD holds onto 1.21+ status, GBP/USD trades sub-1.34
- Newsflow around Brexit continues to suggest that EU Chief...
02 Dec 2020, 11:45 by Newsquawk Desk
- European bourses trade mixed but off worse levels, with sectors not displaying a clear risk profile
- UK has approved the Pfizer (PFE)/ BioNTech (BNTX) COVID-19 vaccine, which will be available across the UK from next week
- US President-elect Biden will not immediately remove phase one tariffs on China according to a NYT Op-Ed citing a phone call with Biden
- Sticking points in Brexit talks, a deal still hangs in the balance, according to a...
02 Dec 2020, 06:54 by Newsquawk Desk
- Asia-Pac stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
- US President-elect Biden will not immediately remove phase one tariffs on China according to a NYT Op-Ed citing a phone call with Biden
- In FX markets, the DXY remains sub 91.50, EUR/USD gained a firmer footing above 1.20 and GBP/USD plateaued above 1.34
- Initial reports suggested...
01 Dec 2020, 11:43 by Newsquawk Desk
- Major European bourses see gains across the board with US equity futures also in firm positive territory
- EMA has received application for conditional market authorisation for Pfizer/BioNTech's and Moderna's vaccine candidates
- Fed Chair Powell’s testimony at the Senate Banking Committee reiterated that the outlook for the US economy is uncertain and will depend on the virus
- ECB's Schnabel says the ECB is not obliged to do what the market...
01 Dec 2020, 06:55 by Newsquawk Desk
- Asian equity markets traded positively as strong data releases helped the region shrug-off the weak handover from US where stocks were pressured by month-end flows
- Chinese Caixin Manufacturing PMI data printed at a decade high of 54.9 vs. Exp. 53.5 and spurred Chinese markets to pick up from the slow start
- The RBA kept policy settings unchanged as expected and provided a balanced view of the economy
- In FX, the DXY pulled back from 92.00,...
30 Nov 2020, 11:40 by Newsquawk Desk
- European stocks see a mixed picture following a lacklustre open, with no risk profile to be derived from sectors
- EU is reportedly seeking a new alliance with US to bury the tensions and to meet the new challenges related to China
- UK could grant approval to Pfizer and BioNTech's vaccine within days; EMA is set to consider approval of Pfizer/BioNTech vaccine next month and will also consider Moderna’s vaccine
- European Commission is reportedly...
30 Nov 2020, 06:55 by Newsquawk Desk
- Asian equity markets began the week mixed amid tentativeness heading into month-end and upcoming key risk events
- The region also digesting a slew of data including better than expected Chinese Manufacturing and Non-Manufacturing PMI data
- UK is set to become the first western country to approve a COVID-19 vaccine in which the regulator could grant approval to Pfizer and BioNTech's vaccine within days
- The DXY extended its retreat below 92.00...
27 Nov 2020, 11:20 by Newsquawk Desk
- European indices have posted mixed performance with US futures modestly positive though RTY -0.2% lags slightly with overall magnitudes relatively contained
- DXY has continued to drift but remains above the YTD low of 91.740, with major peers generally firmer but with limited conviction in thin liquidity; though GBP was impacted in a delayed reaction to Barnier remarks
- EU Chief Brexit Negotiator Barnier says he is travelling to London this evening to...
27 Nov 2020, 06:54 by Newsquawk Desk
- Asian equity markets were mixed as trade continued to lack firm direction following the holiday closure in the US for Thanksgiving
- The AstraZeneca/Oxford University vaccine is set to undergo a new global trial to appease critics questioning the claim that the vaccine can protect up to 90% of people against COVID-19
- In FX, the DXY trades sub 92.00, GBP/USD is unable to breach 1.34 thus far and EUR/USD maintains 1.19 status
- UK and EU are set...
26 Nov 2020, 06:54 by Newsquawk Desk
- Post-Fed minutes, some kind of action seems likely in December; what exact action will be taken remains to be seen, given the minutes had something for everyone
- A non-committal tone was evident for most of Asia-Pac trade following the indecisive lead from the US where stocks were rangebound heading into the Thanksgiving holiday
- In FX markets, the DXY was lacklustre beneath 92.00, EUR/USD held 1.19 status and GBP/USD eyed 1.34 to the...
25 Nov 2020, 11:50 by Newsquawk Desk
- European indices are softer with cyclicals marginally underperforming thus far, Euro Stoxx 50 -0.3%; a similar theme is evident in US futures with the RTY -0.4% underperforming the NQ +0.2% thus far
- FX has seen the USD pick-up throughout the morning as equity sentiment continues to slip with major peers mixed/subdued against the USD itself
- China is likely to approve a COVID-19 vaccine by year-end to meet the need of epidemic-stricken countries, Global Times citing...
25 Nov 2020, 06:54 by Newsquawk Desk
- Most major Asian equity markets traded positively as the region took impetus from the record-setting session in the US where the S&P 500 notched a record close
- In FX markets, the DXY remained subdued and moved closer towards 92.00, EUR/USD briefly reclaimed 1.1900 status, while GBP/USD hovered around 1.3350
- Gold was little changed and languished around the prior day's lows near the USD 1800/oz level
- US Treasury Secretary Mnuchin said he...
24 Nov 2020, 11:54 by Newsquawk Desk
- European equity indices are firmer across the board, Euro Stoxx 50 +1.20%, with sectors exhibiting cyclical outperformance; echoed in US futures with RTY +1.6% outperforming ES +0.8% & NQ +0.4%
- Russia's Sputnik V COVID-19 vaccine efficacy at 91.4% on day 28 and over 95% on day 42
- German Ifo business climate & current conditions beat November expectations but all measures fell from prior; Ifo notes that vaccine prospects are yet to be reflected in business expectations
- FX features a downbeat...