21 Dec 2020, 11:52 by Newsquawk Desk
- Sentiment is substantially hampered this morning, ES -2.0%, Euro Stoxx 50 -3.1%, WTI Mar'21 -5.0%, amid COVID-19 updates and a lack of Brexit updates overshadowing, for now, US fiscal updates
- UK PM Johnson announced a new Tier 4 level of COVID restrictions across southeast England; a string of countries have banned travellers from the UK amid the more transmittable COVID variant
- US FDA issued EUA for Moderna's COVID-19 vaccine; UK MHRA could authorise the...
21 Dec 2020, 06:54 by Newsquawk Desk
- Asia-Pac equities traded mostly lower following a similar downbeat lead from Wall St; Mainland China outperformed
- UK PM Johnson announced a new Tier 4 level of COVID restrictions across southeast England; a string of countries have banned travellers from the UK amid the more transmittable COVID variant
- US FDA issued EUA for Moderna's COVID-19 vaccine; UK MHRA could authorise the AstraZeneca vaccine on December 28th or 29th, according to...
18 Dec 2020, 11:55 by Newsquawk Desk
- European indices are modestly firmer in a session devoid of fresh macro newsflow with all eyes on the fiscal front as we approach year-end
- FDA advisory committee voted (20 yes, 0 no and 1 abstain) that benefits of taking Moderna (MRNA) vaccine outweigh the risks in people aged 18 years and older
- BoJ kept policy settings unchanged as expected with rates held at -0.10% and QQE with Yield Curve Control maintained; extended funding...
18 Dec 2020, 06:54 by Newsquawk Desk
- Asian equity markets traded cautiously despite fresh record levels on Wall Street
- BoJ kept its main policy settings unchanged but extended funding measures to support COVID-19 stricken firms
- In FX, the DXY hovers around 90.00, EUR/USD sub-1.2250 and GBP remains at the whim of Brexit updates
- UK PM Johnson held a call with European Commission President von der Leyen with both leaders stressing the difficulties in discussions over...
17 Dec 2020, 11:50 by Newsquawk Desk
- Equities are firmer but off highs, Euro Stoxx 50 +0.6% & ES + 0.5%, amidst lessened newsflow post-FOMC with attention on month/quarter/year-end
- SNB leaves its Policy Rate unchanged at -0.75% as expected; maintains language around CHF as "highly valued"; prepared to step up FX invention as necessary
- Norges Bank leaves rates unchanged at 0.00% as expected. The forecast implies a somewhat faster rate rise than projected in the September...
17 Dec 2020, 06:54 by Newsquawk Desk
- The Fed kept rates unchanged, enhanced guidance and refrained from extending the weighted average maturity of purchases
- Asian equity markets gradually shrugged off the early indecision following a mixed lead from Wall Street as markets digested the FOMC meeting
- As an adjustment to the WAM was seen to be a coinflip, this resulted in some unwinding of dovish bets before Fed Chair Powell reaffirmed a firm dovish stance at the...
16 Dec 2020, 11:45 by Newsquawk Desk
- Sentiment is supported this morning on fiscal hopes and after firmer EZ PMI data, Euro Stoxx 50 +0.9% & ES +0.3%, with focus on the looming FOMC decision
- US Senate Minority Leader Schumer said negotiators are continuing work on COVID-19 relief and government funding, while he thinks there is a genuine desire to reach a deal
- EU Commission President von der Leyen says there is a very narrow path to a deal, and cannot say whether we will have a deal or not;...
16 Dec 2020, 06:54 by Newsquawk Desk
- Asian equity markets traded higher as the region received a tailwind from Wall Street where all major indices were lifted amid stimulus hopes
- Senate Majority Leader McConnell suggested that Senate would not leave Washington without a package no matter how long it takes
- In FX, the DXY languished beneath 90.50, EUR/USD sits above 1.2150 and GBP/USD gained a firmer footing above 1.34
- Sources stated that nothing was imminent on Brexit last night...
15 Dec 2020, 11:32 by Newsquawk Desk
- Equities have continued to grind higher throughout the morning amid sparse newsflow following the cautious APAC lead; Euro Stoxx 50 +0.5% ES +0.6%
- Electoral College officially voted to confirm President-elect Bidens election victory with sufficient electors required to become President
- US House Speaker Pelosi and Treasury Secretary Mnuchin conducted a phone call yesterday in which Pelosi stated that remaining items in the spending bill can be resolved easily
- FX features a modestly downbeat DXY as...
15 Dec 2020, 06:54 by Newsquawk Desk
- Asian equity markets followed suit to the cautious performance in the US where sentiment was pressured by lockdown concerns
- The S&P 500 and DJIA reversed course whilst the Nasdaq remained afloat as stay-at-home tech names benefitted
- UK sources stated that Brexit talks remain difficult and they have not made significant progress in recent days despite efforts by the UK side to bring energy and ideas to the process
- In FX markets, the DXY...
14 Dec 2020, 11:41 by Newsquawk Desk
- Sentiment is bolstered amid Brexit updates and following the COVID-19 vaccine EUA in the US; Euro Stoxx 50 +1.1% & ES +0.6%
- EU & UK have agreed to continue Brexit talks; Barnier has indicated a fishing compromise could equate to a deal this week and was more upbeat than in his previous appraisals
- GBP is the morning's outperformer to the detriment of the USD with G10 peers benefitting albeit to a lesser extent thus far; debt continues to dip on broader...
14 Dec 2020, 06:54 by Newsquawk Desk
- Asian equity markets began the week with a mild positive bias and US equity futures were also underpinned following constructive headlines over the weekend
- As expected, the US FDA authorized the Pfizer (PFE)/BioNTech (BNTX) COVID-19 mRNA vaccine for emergency use
- In FX markets, the DXY languished below 91.00, GBP/USD reclaimed 1.33 and EUR/USD trades firmer on a 1.21 handle
- EU and the UK have agreed to continue Brexit talks beyond...
11 Dec 2020, 11:50 by Newsquawk Desk
- Stocks continue to slip with focus on diminishing brexit hopes alongside COVID-19 delays and US fiscal deliberations; Euro Stoxx 50 -1.6%, ES -1.0%.
- European Commission President von der Leyen has informed leaders she has 'low expectations' re. Brexit and a no-deal is now the most likely scenario
- Sanofi and GSK announce a delay in their adjuvanted recombinant protein-based COVID-19 vaccine programme to improve immune response in the...
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...