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, 09:00 by Newsquawk Desk
- 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...
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, 09:00 by Newsquawk Desk
- MON: Riksbank Minutes (Nov); EZ Sentix Index (Dec); Japanese GDP (R/Q3); Chinese Trade Balance (Nov).
- TUE: EIA STEO; Norges Bank Regional Network Report (Q4); EZ Employment (F); GDP German ZEW Survey (Dec)(R/Q3).
- WED: BoC Policy Meeting; BCB Policy Meeting; Chinese Inflation (Nov); German Trade Balance (Oct)
- THU: ECB Policy Meeting; US FDA Covid EUA Meeting; EU Council Meeting (Thu-Fri); UK GDP (Oct), Output Data (Oct), Trade...
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, 09:30 by Newsquawk Desk
- MON: OPEC meeting, Chinese Manufacturing & non-Manufacturing PMI (Nov), Canada fiscal update, German Regional & National CPI (Nov), US Chicago PMI (Nov), Pending Home Sales (Oct)
- TUE: OPEC+ meeting, RBA Policy Announcement, Final EZ, UK & US Markit Manufacturing PMIs (Nov), EZ CPI(Nov), Canadian GDP (Q3), US Construction Spending (Oct), ISM Manufacturing PMI (Nov).
- WED: Australian GDP (Q3), US ADP (Nov)
- THU: Turkish...
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...