Newsquawk Rundown, Daily Podcast

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 decisionUS 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 dealEU 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;...

Asian equity markets traded higher as the region received a tailwind from Wall Street where all major indices were lifted amid stimulus hopesSenate Majority Leader McConnell suggested that Senate would not leave Washington without a package no matter how long it takesIn FX, the DXY languished beneath 90.50, EUR/USD sits above 1.2150 and GBP/USD gained a firmer footing above 1.34Sources stated that nothing was imminent on Brexit last night...

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 PresidentUS 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 easilyFX features a modestly downbeat DXY as...

Asian equity markets followed suit to the cautious performance in the US where sentiment was pressured by lockdown concernsThe S&P 500 and DJIA reversed course whilst the Nasdaq remained afloat as stay-at-home tech names benefittedUK 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 processIn FX markets, the DXY...

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 appraisalsGBP 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...

Asian equity markets began the week with a mild positive bias and US equity futures were also underpinned following constructive headlines over the weekendAs expected, the US FDA authorized the Pfizer (PFE)/BioNTech (BNTX) COVID-19 mRNA vaccine for emergency useIn FX markets, the DXY languished below 91.00, GBP/USD reclaimed 1.33 and EUR/USD trades firmer on a 1.21 handleEU and the UK have agreed to continue Brexit talks beyond...

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 scenarioSanofi and GSK announce a delay in their adjuvanted recombinant protein-based COVID-19 vaccine programme to improve immune response in the...

Asian equity markets traded mixed following a similar subdued performance on Wall StreetCongressional leaders remained at loggerheads on COVID-19 relief, with rampant infections stateside and no-deal Brexit concerns across the pond contributing to the cautious toneSanofi/GlaxoSmithKline have announced a delay in their adjuvanted recombinant COVID-19 vaccine programmeIn FX, the DXY remains sub-91.00, EUR/USD trades north of 1.2150 and...

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 eventsUS Treasury Secretary Mnuchin says talks between GOP and Democrats are quite constructive but few sticking points remain regarding a dealUK PM Johnson and EU's von der Leyen agreed that a firm decision should be taken about the future of talks by SundayChina's Foreign Ministry says...

Asian equity markets were cautious amid headwinds from the soured mood on Wall St with the downturn led by hefty losses in the NasdaqUK PM Johnson and EU's von der Leyen agreed that a firm decision should be taken about the future of talks by SundayIn FX, the DXY gave back some of its gains, EUR/USD lost 1.21 status ahead of ECB and GBP/USD trades sub-1.34The US House has come together on passing the one-week stopgap funding measure to...