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  • Equity Indices are firmer this morning, Euro Stoxx 50 +0.7%, ES +0.3%, amid a quiet European session from a fundamental perspective as sentiment still resides on fiscal & Brexit matters
  • President Trump says he won't sign the stimulus package until stimulus payments are increased to USD 2k and unnecessary components are omitted
  • Sources indicate a Brexit deal is possible today; Johnson & von der Leyen reportedly to speak today or...
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  • Asia-Pac bourses gained across the board but US and European equity futures were subdued
  • US President Trump warned he will not sign the stimulus package until Congress amends it
  • Trump wants stimulus payments to be raised to USD 2,000 from the bill's USD 600; Pelosi said Democrats are ready to bring this to the Floor this week
  • A UK source said an agreement on a UK/EU trade deal is again possible today; EU sources stressed that they do not...
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  • European equities are firmer this morning, Stoxx 50 +1.0%, as newsflow has slowed following the US House/Senate votes with attention on Brexit developments; ES +0.2%
  • US House (359-53) and Senate (92-6) approved the COVID relief package tied together with the spending bill to keep the government open through September 2021
  • The EU is reportedly willing to accept up to 25% reduction in UK waters catch, sources say; Johnson & von der Leyen have been speaking on fisheries since yesterday's call
  • EU...
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  • Asia-Pac equities traded lower following a mixed lead from Wall Street; ASX 200 underperformed
  • UK PM Johnson made a last ditch push for a Brexit deal with some movement on his position over fisheries; an EU official said "It's still a no from us."
  • US House and Senate approved the COVID relief package tied together with the spending bill
  • Apple (AAPL) is looking at electric vehicle production as early as 2024 that could have its own novel...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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;...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • MON: US Electoral College Votes; OPEC MOMR; EZ Industrial Production (Oct).
  • TUE: Hungarian Rate Decision, RBA Minutes (Dec); European Commission VP Dombrovskis speaking on EU Fiscal matters; IEA MOMR; Chinese Retail Sales (Nov); UK Labour Market Report (Oct); Japanese Trade Balance (Nov).
  • WED: FOMC Monetary Policy Decision; EZ Finance Ministers meeting to discuss Draft Budgetary Plans; UK Inflation (Nov); EZ, UK, and US Markit Flash PMI (Dec); US Retail...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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...
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  • 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;...
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  • 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...
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  • 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...
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  • 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...
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