28 Sep 2020, 09:30 by Newsquawk Desk
- MON: N/A
- TUE: US 2020 Election Debate; German Flash CPI (Sep); EZ Sentiment Survey (Sep); US Advanced Goods Trade Balance (Aug)
- WED: Chinese Official Manufacturing PMI (Sep) and Caixin Manufacturing Final PMI (Sep); UK GDP (Q2); German Retail Sales (Aug) and Unemployment (Sep); EZ Flash CPI (Sep); US ADP National Employment (Sep); GDP Final (Q2); Canadian GDP (Jul); US Chicago PMI (Aug); SNB Quarterly Bulletin (Q3)
- THU: RBI Monetary...
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, 09:30 by Newsquawk Desk
- MON: PBoC LPR Announcement
- TUE: Riksbank & Hungarian Monetary Policy Decisions; EZ Consumer Confidence Flash (Sep); Tesla battery day
- WED: RBNZ & CNB Monetary Policy Decisions; German GfK Survey (Oct); EZ, UK and US Flash Markit PMIs, (Sep); New Zealand Trade Balance (Aug)
- THU: Special European Council Summit; SNB, Norges Bank &...
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...
15 Sep 2020, 11:52 by Newsquawk Desk
- European stocks saw an uninspiring open but have since seen upside despite a lack of fresh catalysts
- ByteDance plans to restructure TikTok with its new investors which would see Oracle (ORCL) and Sequoia Capital taking stakes
- IEA cut its 2020 crude oil demand forecast by 200k BPD and expects the recovery in oil demand to decelerate markedly in H2
- The DXY lost further ground after slipping below 93.00; EUR/USD trades just beneath 1.1900,...
15 Sep 2020, 06:55 by Newsquawk Desk
- Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover
- ByteDance plans to restructure TikTok with its new investors which would see Oracle (ORCL) and Sequoia Capital taking stakes
- UK government won the vote on the Internal Market Bill by 340-263 which now moves the bill to the Committee Stage of the legislation process
- The DXY lost further ground after slipping below 93.00;...
14 Sep 2020, 11:40 by Newsquawk Desk
- Early gains in European equities fizzled out whilst US equity futures hold onto gains
- US Ambassador to China abruptly stepped down, with a replacement unlikely before US elections according to sources
- AstraZeneca (AZN LN) and the University of Oxford have resumed their coronavirus vaccine trial
- ByteDance reportedly picked Oracle as the winning bidder for its TikTok operations in US; latest sources said ByteDance will not sell to either...
14 Sep 2020, 09:30 by Newsquawk Desk
- MON: EU/China Meeting; Japanese LDP Leadership Vote; EZ Industrial Production; Indian Trade Balance; OPEC MOMR
- TUE: RBA Minutes, Norges Bank Regional Network Report; Chinese Retail Sales; UK Labour Market Report; German ZEW Survey; US Industrial Production; IEA MOMR
- WED: FOMC Monetary Policy Decision; UK Inflation; US Retail Sales; Canadian CPI; New Zealand GDP
- THU: BoE, BoJ, SARB Monetary Policy Decision; RBA Bulletin; Australian Labour...
14 Sep 2020, 06:55 by Newsquawk Desk
- Asian equity markets were positive across the board and US equity futures also began the week on the front foot
- AstraZeneca (AZN LN) and the University of Oxford have resumed their coronavirus vaccine trial
- ByteDance reportedly picked Oracle as the winning bidder for its TikTok operations in US
- UK senior Tories are refusing to back down on their revolt against PM Johnson regarding the Internal Market Bill
- The DXY was marginally softer overnight, allowing EUR/USD to test 1.1850 to the upside...
11 Sep 2020, 11:30 by Newsquawk Desk
- European equities are modestly subdued unable to follow the largely positive APAC handover, while US futures are firmer but off highs
- UK PM Johnson is facing a revolt by as many as 30 Tory MPs over the Internal Markets bill; to address Party at 17:30BST/12:30ET
- President Trump refuted reports he is to extend the TikTok deadline
- FX sees the USD softer weighed on by antipodeans & EUR with the latter bolstered via EUR/GBP action
- Looking ahead, highlights include UK GDP, US CPI, ECB's...