07 Jan 2021, 06:54 by Newsquawk Desk
- Asia-Pac bourses traded mostly higher as the region reacted to the gains on Wall St (ex-Nasdaq) post-Georgia election
- US Congress paused the election certification for several hours and Capitol Hill staff were told to evacuate amid chaos after pro-Trump protestors broke through barriers and sieged the Capitol
- FOMC minutes were uneventful and did not suggest any imminent changes in asset purchases
- In FX markets, the DXY heads into the EU open...
06 Jan 2021, 11:44 by Newsquawk Desk
- Desks have called Warnock (D) as the winner against incumbent Loeffler (R); while Ossoff (D) currently leads against Perdue (R) - but, thus far most major outlets have not called this race
- Given the seeming result of Democrats controlling the Presidency, House & Senate the fiscally driven reflation narrative has resumed; RTY +2.4%, NQ -2.2%, US 10yr yield 1.03%, DXY at lows of 89.22
- US President Trump signed an executive order banning transactions with 8 Chinese...
06 Jan 2021, 06:54 by Newsquawk Desk
- In Georgia, Democrat Warnock leads Republican incumbent Loeffler at 50.4% vs 49.6% and Democrat Candidate Ossoff is in a virtual tie with Republican incumbent Perdue at 50% vs 50% with around 97% of votes counted in both races
- US equity index futures head into the EU open softer, albeit the magnitude of price action is limited amid the close nature of the Georgia Senate races. US 10yr yield breached 1% to the upside
- In FX markets, the DXY remains below 89.50,...
05 Jan 2021, 11:41 by Newsquawk Desk
- Equity performance has been choppy but contained, Euro Stoxx 50 -0.1%, ES +0.2%, as participants weigh further COVID developments ahead of key risk events this week
- NYSE announced that it is no longer planning to delist Chinese telecom firms
- OPEC document shows that one scenario developed by OPEC+ include an output reduction of 500k BPD in Feb; meeting to continue today from ~09:30EST/14:30GMT
- DXY remains pressured with the broader FX space...
05 Jan 2021, 06:54 by Newsquawk Desk
- Asian equity markets traded cautiously following on from the uninspiring performance on Wall St where major indices declined from record levels
- NYSE announced that it is no longer planning to delist Chinese telecom firms
- UK PM Johnson announced a national lockdown in England, as expected from Tuesday until mid-February
- The DXY consolidated beneath 90.00 after yesterday’s fluctuations, EUR/USD sits above 1.2250 and GBP/USD remained subdued...
04 Jan 2021, 11:41 by Newsquawk Desk
- European indices are bolstered this morning following a largely firmer APAC handover, Euro Stoxx 50 +0.9%, ES +0.5%, with focus on the week's impending risk events
- US President Trump was recorded on audio tape to have pressured the Georgia Secretary of State to find enough votes to overturn the result of the Georgia presidential election
- Chinese Caixin Manufacturing PMI fell short of estimates but still printed an 8th consecutive month in expansionary...
04 Jan 2021, 06:54 by Newsquawk Desk
- Asian equity markets began 2021 mostly higher while US equity futures traded indecisively after stalling at record levels
- Chinese Caixin Manufacturing PMI fell short of estimates but still printed an 8th consecutive month in expansionary territory
- UK PM Johnson has warned that tougher lockdown restrictions might have to be considered; UK begins rollout of the AstraZeneca vaccine today
- In FX, the DXY initially softened in a continuation of...
24 Dec 2020, 11:29 by Newsquawk Desk
- Equity price action is contained and somewhat directionless amid the lack of newsflow as we await Brexit/fiscal updates; ES +0.2%, FTSE 100 -0.1%
- UK PM Johnson and European Commission President von der Leyen expected to hold a call today followed by a press-conference
- GBP continues to grind higher ahead of this call and press-conference as negotiators discuss the final aspects of the deal; GBP/USD has eclipsed 1.3600 while DXY remains in proximity to lows of...
24 Dec 2020, 06:54 by Newsquawk Desk
- APAC stocks traded mostly higher following a similar lead from Wall Street; Mainland China lagged
- UK PM Johnson is expected to make the Brexit deal announcement at around 08:00GMT/03:00EST
- US GOP Leader McCarthy will object to measure on USD 2,000 checks; House may try to advance an interim spending bill on Monday
- China is to probe the Alibaba over suspected monopoly; shares fell almost 10%
- In FX, DXY was softer,...
23 Dec 2020, 11:46 by Newsquawk Desk
- 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...
23 Dec 2020, 06:54 by Newsquawk Desk
- 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...
22 Dec 2020, 12:09 by Newsquawk Desk
- 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...
22 Dec 2020, 06:54 by Newsquawk Desk
- 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...
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, 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...