Newsquawk Rundown, Daily Podcast

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 mattersPresident Trump says he won't sign the stimulus package until stimulus payments are increased to USD 2k and unnecessary components are omittedSources indicate a Brexit deal is possible today; Johnson & von der Leyen reportedly to speak today or...

Asia-Pac bourses gained across the board but US and European equity futures were subduedUS President Trump warned he will not sign the stimulus package until Congress amends itTrump 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 weekA UK source said an agreement on a UK/EU trade deal is again possible today; EU sources stressed that they do not...

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 2021The 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 callEU...

Asia-Pac equities traded lower following a mixed lead from Wall Street; ASX 200 underperformedUK 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 billApple (AAPL) is looking at electric vehicle production as early as 2024 that could have its own novel...

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 updatesUK 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 variantUS FDA issued EUA for Moderna's COVID-19 vaccine; UK MHRA could authorise the...

Asia-Pac equities traded mostly lower following a similar downbeat lead from Wall St; Mainland China outperformedUK 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 variantUS FDA issued EUA for Moderna's COVID-19 vaccine; UK MHRA could authorise the AstraZeneca vaccine on December 28th or 29th, according to...

European indices are modestly firmer in a session devoid of fresh macro newsflow with all eyes on the fiscal front as we approach year-endFDA 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 olderBoJ kept policy settings unchanged as expected with rates held at -0.10% and QQE with Yield Curve Control maintained; extended funding...

Asian equity markets traded cautiously despite fresh record levels on Wall StreetBoJ kept its main policy settings unchanged but extended funding measures to support COVID-19 stricken firmsIn FX, the DXY hovers around 90.00, EUR/USD sub-1.2250 and GBP remains at the whim of Brexit updatesUK PM Johnson held a call with European Commission President von der Leyen with both leaders stressing the difficulties in discussions over...

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-endSNB leaves its Policy Rate unchanged at -0.75% as expected; maintains language around CHF as "highly valued"; prepared to step up FX invention as necessaryNorges Bank leaves rates unchanged at 0.00% as expected. The forecast implies a somewhat faster rate rise than projected in the September...

The Fed kept rates unchanged, enhanced guidance and refrained from extending the weighted average maturity of purchasesAsian equity markets gradually shrugged off the early indecision following a mixed lead from Wall Street as markets digested the FOMC meetingAs 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...