Newsquawk Rundown, Daily Podcast

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;...

APAC stocks were mostly higher after a modestly firm handover from Wall Street; Mainland China underperformedUS House Speaker Pelosi and Treasury Secretary Mnuchin are moving closer to a stimulus deal and will speak again today, according to her aideSenate Majority Leader McConnell reportedly told Senate on Tuesday that he has warned the White House not to make a big stimulus deal before the electionAstraZeneca (AZN LN) COVID-19 vaccine trial in the US is expected to resume as early as this week,...

European bourses are mixed to flat in a relatively lacklustre session thus far while US futures remain supported, ES +0.7% ahead of the Democrats stimulus deadlineUS Chief of Staff Meadows spoke with Treasury Secretary Mnuchin on COVID-19 relief, said there has been progress but no breakthrough yetModerna (MRNA) CEO said its COVID-19 vaccine could get authorisation for emergency use in December, contingent on positive interim results in November, WSJEU Chief Brexit Negotiator Barnier & UK...

Major APAC indices traded lower across the board after Wall Street suffered another down dayUS Chief of Staff Meadows spoke with Treasury Secretary Mnuchin on COVID-19 relief, said there has been progress but no one is "popping the champagne corks yet"EU's Chief Brexit Negotiator Barnier has reportedly given no indication that the bloc is prepared to cede to UK PM Johnson's demands regarding concessions to get a deal, particularly on fishingOPEC+ panel made no recommendation on Monday to change...

European bourses are firmer but off highs (Stoxx 50 +0.6%) with fundamental newsflow light and focus on Pelosi’s stimulus deadline; ES +0.7%House Speaker Pelosi said she is optimistic on a COVID-19 relief bill before the election. Pelosi gave a 48-hour deadline to the Trump adminChinese Q3 GDP missed Exp. but activity measures topped forecastsChinese government officials are warning the US they may detain US nationals in China in retaliation to the Justice Department’s prosecution of...

APAC stocks traded mostly higher; but gains in Mainland China waned post-GDPHouse Speaker Pelosi said she is optimistic on a COVID-19 relief bill before the election. Pelosi gave a 48-hour deadline to the Trump adminChinese government officials are warning the US they may detain US nationals in China in retaliation to the Justice Department’s prosecution of military-linked Chinese scholars, sources saidUK officials are reportedly...

European bourses are firmer this morning, Stoxx 50 +1.0%, seemingly in a pick-up from yesterday’s performance as newsflow remains light; ES +0.1%WHO trial indicates Gilead's remdesivir appeared to have little or no effect on 28-day mortality or in-hospital course of COVID-19 patientsPfizer (PFE) could be ready to apply for emergency use authorisation for its COVID-19 vaccine by late-November, WSJThe EU is reportedly considering making a more explicit link between energy & fish in Brexit...

Asia-Pac equities traded mostly lower following on from another downbeat handover from Wall StreetWHO trial indicates Gilead's remdesivir appeared to have little or no effect on 28-day mortality or in-hospital course of COVID-19 patientsIn FX, DXY was uneventful, holding onto the prior day’s gains, EUR/USD hovers above 1.17 and GBP/USD trades sub 1.29Mills in China are reportedly being told to stop buying Australian cotton. Government sources said the cotton industry could face tariffs as high as...

European bourses are suppressed as risk-off reigns amid rising COVID-19 cases and renewed lockdown restrictions in major European cities; Dax Dec’20 -3.0%, ES -1.1%US Treasury Secretary Mnuchin said the Trump administration will keep trying to get a deal on COVID-19 relief, stating that President Trump told him to keep at it to secure a dealBrexit language has reportedly been toughened in the latest EU summit draft document; EU leaders are set to authorise a continuation of negotiationsFX...

APAC equity markets traded mostly lower; ASX 200 bucked the trend whilst Hang Seng laggedUS sanctions have been imposed on Hong Kong Chief Executive Carrie Lam, according to a statement on the US Treasury's websiteA US battleship crossed the Taiwan Strait on Wednesday, the US Navy said; China said it will resolutely defend territorial integrityTreasury Secretary Mnuchin, after speaking with House Speaker Pelosi, said stimulus talks are still far apart and it is difficult to get anything done...