Newsquawk Rundown, Daily Podcast

Asian equity markets lacked firm direction following the mixed performance of stateside peers as earnings season and the upcoming election provided a cautious settingUS stock index futures were further pressured after-hours on European shutdown concerns after reports stated France and Germany were mulling nationwide lockdownsDXY strengthened and broke back above the 93.00 level as the greenback benefitted from the cautious risk toneReports state that Senate Majority Leader McConnell expressed...

European bourses are subdued this morning, Stoxx 50 -0.5%, as selling pressure resumed post-cash open; stateside, ES +0.3%European Banks are bolstered after earnings from HSBC & Santander with oil & gas performing well post-BP and as Hurricane Zeta is set to re-strengthenFX features a mixed USD but the DXY is still firm above the 93.00 mark with JPY seemingly exerting pressure on the index as sentiment slips; other peers are relatively contained vs. USDGermany Economy Minister says that...

Asian equity markets resumed the weak performance seen across global peers which culminated in Wall St’s worst day in over a monthIn FX markets, the DXY surrendered the 93.00 level overnight, providing mild support for its major counterpartsUS congressional committees have reportedly made some progress, but not enough to make a stimulus deal anywhere near imminent, according to sourcesUS Senate voted 52 vs. 48 to confirm Judge Amy Coney Barrett's nomination to the Supreme CourtLooking...

Indices have started the week on the backfoot with substantial losses given COVID-19 concerns & heavyweight SAP posting disappointing earningsSAP (-19.0%) missed on revenue cut FY20 guidance and pushed out 2023 targets by two-years; Stoxx 600 tech sector -5.3%France and Italy reported record surges in daily infections, whilst Spain announced a state of emergencyAstraZeneca’s (+0.8%) COVID-19 vaccine is said to have triggered protective antibodies and T-cells in the elderlyFX features...

Asian equity markets began the week lacklustre and US equity futures were pressured with risk appetite subdued by the deteriorating COVID-19 situation in EuropeFrance and Italy reported record surges in daily infections, whilst Spain announced a state of emergencyAstraZeneca’s COVID vaccine is said to have triggered protective antibodies and T-cells in the elderlyIn FX, DXY was slightly firmer and edged closer towards the 93.00 level, EUR/USD slipped below 1.1850, GBP/USD retained 1.30...

European bourses are posting modest gains this morning, Stoxx 50 +1.0%, after well-received banking updates & manufacturing PMI upside overshadowing services slumping furtherStateside, ES +0.2%, NQ U/C, DJIA +0.3%Markets saw little reaction to the final Presidential Debate with US equity futures, the Dollar and UST futures steady throughout the whole broadcast as the two participants largely stuck to their scriptsIntel reported after-market, -9.5% in pre-market, raising FY guidance with...

APAC stocks traded mostly in the green following a modestly positive lead from Wall StreetThe final Presidential Debate prompted little market action, but was overall structured, civilised and touched upon policyUS President Trump said a COVID-19 vaccine is ready and will be announced in the coming weeks, but it is not a guarantee; Gilead’s Remdisivir received FDA approvalNEC Director Kudlow said differences in COVID relief talks between the White House and House Democrats are not likely to get...

European bourses are subdued this morning, Stoxx 50 -0.2%, but off lows with fundamental updates sparse and US futures posting similar declines; ES -0.2%Differences continue to narrow but more work needs to be done on US stimulus and Pelosi & Mnuchin will speak again todayUS FBI Director said US has identified Russia and Iran to have taken action to interfere with the election; Russia have since denied thisTesla printed a new sales record and posted its 5th consecutive quarter of profit,...

Asia-Pac equities traded with losses across the board as the region took its cue from the downbeat Wall Street handoverDifferences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aideUS FBI Director said US has identified Russia and Iran to have taken action to interfere with the electionIn FX, DXY retraced some of yesterday’s losses, EUR/USD fell below 1.1850, Cable held onto 1.3100, USD/CNH drifter...

European bourses are pressured this morning in-spite of limited fundamental updates, Stoxx 50 -0.9%; stateside, futures are off lows, ES +0.1%House Speaker Pelosi & Treasury Secretary Mnuchin are moving closer to a deal and will speak later today; however, McConnel sees a vote on a deal prior to the election as unlikelyNetflix, -5.1%, beat on EPS but missed revenue and subscriber addition expectations for the quarterFX features a desolate USD moving further below the 93.00 mark in DXY terms;...