02 Oct 2020, 06:55 by Newsquawk Desk
- Asian equity markets trade lower and the E-mini S&P is showing losses in excess of 1% after US President Trump tested positive for COVID-19
- In FX markets, the USD subsequently saw strength with the DXY moving back towards 94.00, pulling EUR/USD nearer to 1.1700
- EU leaders reached an agreement regarding Belarus in which they will impose sanctions on the nation for violence and its election process
- The US House voted in favour of the USD 2.2trl Democrat stimulus plan after House Speaker Pelosi...
01 Oct 2020, 11:42 by Newsquawk Desk
- European bourses are modestly firmer as the cautiously positive US fiscal narrative remains; US futures are firmer by ~1.0%
- President Trump signed the stopgap funding bill after it progressed through the Senate to avert a Gov’t shutdown
- US House delayed a vote on the USD 2.2tln coronavirus relief bill to Thursday to provide more time for talks with the White House
- US Treasury Secretary Mnuchin's COVID proposal to House Speaker Pelosi on Wednesday was valued at USD 1.62tln
- Fed is to extend...
01 Oct 2020, 06:54 by Newsquawk Desk
- Asia-Pac markets were quiet, owing to the closures in key bourses across the region, while trade in Japan was mired by system issues for the Tokyo Stock Exchange
- However, the mood was still positive as US equity futures extended on recent gains
- House Democrats were forced to postpone the vote on their USD 2.2tln bill to Thursday to allow more time for talks with the White House
- US Treasury Secretary Mnuchin's COVID proposal to House Speaker Pelosi on Wednesday was valued at USD...
30 Sep 2020, 11:50 by Newsquawk Desk
- European bourses are downbeat following a mixed-lower APAC session dominated by the US debate; Stateside, futures are similarly subdued
- The Presidential debate descended into chaos and snap-polls/implied odds marginally extended the Democratic lead
- China is preparing to launch an antitrust probe into Alphabet's (GOOG) Google, according to sources, in relation to market dominance
- Seven EU member states have opposed the draft rule of law reports; Council has opened the mandate for its debate in...
30 Sep 2020, 06:55 by Newsquawk Desk
- Asian equity markets were mixed with participants indecisive as focus centred on the Presidential Debate
- Initial gains in US equity futures were pared as the debate descended into chaos and Trump suggested that a contested election could last for months
- The UK House of Commons approved the Internal Market bill as expected with a majority of 84 to send it to House of Lords
- A German EU Presidency spokesperson remarked that “a delay of the EU budget and the recovery fund is becoming increasingly...
29 Sep 2020, 11:40 by Newsquawk Desk
- European bourses are subdued in a reversal of yesterday’s action which features banking names at the bottom of the pile
- US House Speaker Pelosi announced that the Democrats unveiled an updated coronavirus relief legislation, a USD 2.2tln bill
- EU said it is prepared to begin writing a joint legal text of a trade agreement with UK, according to The Times
- FX features a downbeat USD to the benefit of G10 peers aside from the JPY which is drifting from notable expiries
- Looking ahead, highlights...
29 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets traded mostly higher, although the region struggled to make the most of the firm tailwinds from Wall St
- Major US indices notched respectable gains, led by cyclicals and amid month and quarter-end flows
- Brussels has reportedly dropped its demands for a broad agreement with the UK on all outstanding issues before drafting a Brexit agreement, according to the Times
- In FX markets, the DXY remained lacklustre above 94.00, EUR/USD was steady around recent levels and GBP retained 1.28...
28 Sep 2020, 11:53 by Newsquawk Desk
- European bourses are substantially stronger this morning with Banks the best performing sector; stateside, futures see gains in excess of 1.0%
- A US judge granted a preliminary injunction which blocks US President Trump's ban on new TikTok downloads from US app stores
- US President Trump picked Amy Coney Barrett for nomination to the Supreme Court and suggested that confirmation hearings on her nomination will begin October 12th
- House Speaker Pelosi thinks a coronavirus stimulus deal is still possible...
28 Sep 2020, 06:54 by Newsquawk Desk
- Asian stocks began the week mostly higher as the region picked up the baton from last Friday’s tech-driven momentum on Wall Street
- A US judge granted a preliminary injunction which blocks US President Trump's ban on new TikTok downloads from US app stores
- UK Ministers are reportedly preparing to impose total social lockdown across much of Northern Britain and possibly London
- BoE’s Tenreyro said we have been testing our toolkit and the evidence on negative rates has been encouraging
- In FX...
25 Sep 2020, 11:54 by Newsquawk Desk
- European equities have drifted lower following a mixed cash open; Euro Stoxx 50 -1.2%
- US equity futures see less pronounced losses of around 0.4% in the ES, NQ and YM Dec contracts
- EU Commission is to appeal the quashing of Apple’s order to repay USD 14.3bln in tax advantages
- UK & EU Brexit negotiators were reportedly able to lay the foundation for next week’s negotiations; but, subsequent reports have been more downbeat
- In FX, DXY has reclaimed 94.50+ status, GBP/USD eyes 1.2700 to the...
25 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets were mostly higher amid tailwinds from Wall St where stocks finished a choppy session in the green
- US Secretary of State Pompeo alleged that New York’s Chinese consulate is a major spy hub
- UK Brexit Negotiator Frost and his EU counterpart Barnier were reportedly able to lay the foundation for a round of negotiations next week
- US House Speaker Pelosi said that Democrats are ready for negotiations on stimulus; reports...
24 Sep 2020, 11:53 by Newsquawk Desk
- European bourses & US equity futures are now mixed after experiencing a modest recovery from APAC/Wall St. induced downside pressure
- White House Economic Adviser Kudlow said we are examining all deals regarding China-based firms that may list in US
- US Congress is reportedly readying to leave Washington as early as this week until after the election and therefore will not be able to put through any coronavirus relief
- FX sees the USD firmer but off highs while GBP remains elevated ahead of the...
24 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets were lower on spill-over selling from peers on Wall St; Hong Kong underperformed
- White House Economic Adviser Kudlow said we are examining all deals regarding China-based firms that may list in US
- US President Trump said he thinks the 2020 election will end up at the Supreme Court and that is why it is important to have nine justices
- US Congress is reportedly readying to leave Washington as early as this week until after...
23 Sep 2020, 11:57 by Newsquawk Desk
- European bourses are firmer pushing past a mixed APAC performance and taking the lead from Wall St.
- US House passed the stopgap funding bill to avert a government shutdown as expected
- UK Chancellor Sunak is reportedly mulling German-style wage subsidies to replace the furlough scheme
- EZ/UK Manufacturing Flash PMIs beat but EZ services only just reside in expansionary territory
- FX sees the USD essentially unchanged having resided after side of the mark with peers, antipodeans aside, little...
23 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets traded mixed and failed to take full impetus from the rebound across their global peers
- RBNZ kept OCR unchanged at 0.25% and maintained LSAP at NZD 100bln as expected
- Chinese military reportedly stepped up its anti-mine drills as Taiwan bolsters its sea defences to protect against an invasion
- In FX, DXY extended gains above 94.000, EUR/USD gave up 1.1700 and AUD/USD underperformed
- Looking ahead,...
22 Sep 2020, 11:55 by Newsquawk Desk
- European bourses are firmer in a turnaround from APAC action; US futures are mixed with the Nasdaq firmer but ES & Dow flat
- Fed Chair Powell reiterated in the pre-release of his testimony to Congress that the Fed will do what it can and for as long as it takes to support the recovery
- FX sees the USD off highs while GBP is firmer after being bolstered from BoE Bailey’s remark that last week’s statement did not imply the use of negative rates
- Riksbank left policy U/C as expected; RBA Deputy...
22 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets were lower across the board with weakness stemming from the uninspiring performance in global peers
- The DJIA registered losses of over 500 points, although a late resurgence in tech helped the Nasdaq 100 finish in the green
- UK PM Johnson is to announce that bars, pubs and restaurants in England will be forced to shut at 10pm as of Thursday
- Fed Chair Powell said the Fed will do what it can and for as long as it takes to...
21 Sep 2020, 11:47 by Newsquawk Desk
- European bourses are impaired this morning given pressure on COVID-19 sensitive names and the banking sector; US futures down ~1.8%
- The ECB has launched a sweeping review of its EUR 1.35tln PEPP program, which will assess the impact of its bond-buying
- The death of Supreme Court Associate Justice Ginsberg has opened another front in the election battle with President Trump intending to make a nomination in the week ahead
- US Democrats and White House officials neared a deal on Friday on a stopgap...
21 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets were subdued and US equity futures traded choppy after last Friday’s losses on Wall St
- US President Trump gave his blessing to the deal between TikTok, Oracle and Walmart
- UK PM Johnson warned that the UK is now seeing a second wave of coronavirus and further measures will be imposed if the disease progresses
- The ECB has launched a sweeping review of its EUR 1.35tln PEPP program, which will assess the impact of its...
18 Sep 2020, 11:43 by Newsquawk Desk
- European bourses are flat/mixed in relatively quiet trade with focus on quad witching to close out the week
- US lawmakers are nearing a spending deal to avert a government shutdown at the end of the month, which a bipartisan group seeks to unveil today
- US President Trump is reportedly comfortable with the deal TikTok and Oracle (ORCL) made with the CFIUS
- Taiwan's Defence Ministry says multiple Chinese jets crossed the mid-line of the Taiwan Strait on Friday
- FX sees the dollar downbeat on JPY...
18 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets were mildly positive after shrugging off the weak lead from the US where the Nasdaq led the retreat
- ByteDance and Oracle (ORCL) are reportedly planning an IPO of TikTok’s global business on a US stock exchange in about a year, according to sources
- Sources told Fox that US President Trump is comfortable with the deal TikTok and Oracle (ORCL) made with the CFIUS
- In FX markets, the DXY consolidated below 93.00, EUR/USD is currently capped by 1.1850, GBP/USD is hovering around the...
17 Sep 2020, 11:33 by Newsquawk Desk
- European equities remain downbeat but have nursed some losses throughout a relatively quiet European session thus far
- US President Trump said he supports something like a plan for coronavirus relief proposed by the bipartisan group, adding “we are getting closer to a deal on coronavirus relief”
- BoJ left policy unchanged as expected but revised their economic assessment higher; Brazil’s selic rate was also U/C
- FX sees the DXY modestly downbeat but has been choppy throughout the morning with major...
17 Sep 2020, 06:56 by Newsquawk Desk
- FOMC left rates on hold as expected, sees rates unchanged at least through 2023 and maintained the asset purchase schedule
- The Committee will aim to achieve inflation moderately above 2% for some time so that inflation averages 2% over time
- Asian equity markets traded subdued as the soured mood rolled over into the region from the uninspiring finish on Wall St
- Reports suggested that Oracle’s TikTok bid left US security concerns unaddressed
- BoJ kept policy settings unchanged and upped its...
16 Sep 2020, 11:36 by Newsquawk Desk
- European bourses are mixed/flat in a pullback from the mornings grinding bid; US futures are firmer by ~0.4%
- DXY is downbeat but still holds above yesterday’s low to the modest benefit of major peers
- White House Chief of Staff Meadows said the USD 1.5tln proposal from bipartisan lawmakers does not align with the Trump administration's priorities although could pave opening for further talks
- Crude is supported amidst Hurricane Sally effects, which has now made landfall and an unexpected sizeable...
16 Sep 2020, 06:56 by Newsquawk Desk
- Asian equity markets traded mixed and only partially benefitted from the tech-led gains in US
- DXY trades mildly softer, whilst remaining on a 93.00 handle, EUR/USD hovers around 1.1850 and GBP/USD trades sub 1.2900
- A 50-member House bipartisan group proposed a USD 1.5tln stimulus package in an effort to break the deadlock; rejected by Democrats and the administration
- BSEE estimated Hurricane Sally has cut 26.9% of US gulf offshore oil...