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, 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, 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...
11 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets trade mixed as the region partially shrugged-off the weak performance stateside where all major indices declined amid selling in tech and energy
- UK PM Johnson is facing a revolt by as many as 30 Tory MPs over the Internal Markets bill
- ECB policymakers agreed to look through euro strength at the September meeting and judged the currency broadly in line with economic fundamentals, according to sources
- DXY is mildly softer following yesterday’s gains, EUR/USD stabilised on a...
10 Sep 2020, 06:56 by Newsquawk Desk
- Asia-Pac bourses were mostly positive after taking advantage of the constructive handover from the US where tech staged a rebound
- The EU is reportedly mulling legal action against the UK for its attempt to override parts of the Withdrawal Agreement
- The DXY was lacklustre following the prior day’s weakness, EUR/USD trades above 1.18 on ECB day whilst GBP/USD remains sub-1.30
- Saudi Arabia reportedly plans to keep oil production steady despite a recent slump in prices, according to the...
09 Sep 2020, 11:45 by Newsquawk Desk
- Sentiment has stabilised and mounted a recovery as APAC/AstraZeneca pressure abated; Nasdaq future outperforms +2.0%
- AstraZeneca (AZN LN) vaccine trials with the University of Oxford have reportedly been placed on hold due to an adverse reaction in a UK participant
- NIH Fauci said Moderna and Pfizer/BioNTech COVID vaccine trials are expected to be enrolled by the end of September
- FX sees the USD firmer and GBP lagging once again ahead of the Internal Market Bill publication while CAD has pared losses...
09 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets were lower across the board amid strong headwinds from Wall St where the tech rout intensified on return from the long weekend
- AstraZeneca’s COVID-19 vaccine trial with the University of Oxford has reportedly been placed on hold due to an adverse reaction in a UK participant
- Senior UK Sky News sources believe UK Chief Brexit Negotiator Frost has concluded that a deal with the EU is not achievable without fundamentally compromising UK red...
08 Sep 2020, 11:45 by Newsquawk Desk
- Sentiment has slipped as US participants return following a positive APAC handover; Nasdaq 100 future 2.5% lower and once again the laggard
- USD benefits from the deterioration in sentiment to the detriment of all major peers with GBP feeling the brunt after yesterday’s slide following further downbeat Brexit reports
- Indian and Chinese troops are in a stand-off at a location near North of Rezangla heights in Eastern Ladakh, 30-40 soldiers reportedly involved from the...
08 Sep 2020, 06:54 by Newsquawk Desk
- Asian equity markets traded mostly positive, following the upbeat performance in EU counterparts
- Gains in the region were moderated after US President Trump suggested the idea of decoupling the US economy from China
- UK PM Johnson is to reportedly tell the EU that the Brexit deal must be rewritten in order to protect the Union, according to The Telegraph
- In FX, the DXY held on to mild gains above 93.00, EUR/USD briefly slipped below 1.18 and GBP remains pressured by Brexit concerns
- Looking...
07 Sep 2020, 06:56 by Newsquawk Desk
- Asian equity markets began the week indecisively as the region reflected on Friday’s US jobs release and continued tech-related losses on Wall St
- Mixed Chinese trade data and ongoing tensions with the US added to the cautious approach
- The DXY heads into the EU open relatively flat below 93.00; GBP pressured by the latest Brexit updates
- UK PM Johnson has set a trade deal deadline for October 15th and is reportedly planning new legislation that would override key aspects of the withdrawal...
04 Sep 2020, 11:46 by Newsquawk Desk
- Sentiment has picked up since the European cash open; Banking sector outperforms
- US equity futures have mostly nursed losses, NQ remains the underperformer
- US Treasury Secretary Mnuchin and House Speaker Pelosi reportedly plan to keep stimulus additions out of the funding bill to make the bill easier to pass
- BoE's Saunders considers it likely that additional monetary easing will be appropriate to achieve a sustained return to the 2% inflation target
- US curve is bear steepening; DXY remains...