Newsquawk Rundown, Daily Podcast

Asian equity markets traded mostly positive as the region took its cue from the rebound in the USFOMC minutes provided little in the way of fresh information with no greater clarity on how far the Fed would permit inflation to overshoot its targetIn FX markets, the DXY is modestly softer, but above 93.50, EUR/USD is little changed and GBP/USD extended gains above 1.2900The US Vice Presidential debate saw Harris and Pence exchange blows in...

European bourses are modestly softer while US futures recuperate after Trump’s stimulus update yesterdayTrump says he is ready to immediately sign a standalone stimulus check billUS House Democrats stated that Facebook (FB), Amazon (AMZN), Alphabet (GOOG), Apple (AAPL) enjoy ‘monopoly power’ and recommended big changesFX features a downbeat DXY to the modest benefit of peers (ex-safe havens)Treasuries have reverted back to the week’s steepening narrative ahead of 10-year issuance and...

Asian equities traded mixed as the region partially shrugged off the negative mood which initially rolled over from Wall StUS stocks slumped after US President Trump announced that he is to walk away from COVID relief talks until after the electionUS President Trump instructed Senate Majority Leader McConnell not to delay and focus full-time on approving Amy Coney Barrett to the Supreme CourtIn FX markets, the DXY remained elevated...

European bourses & US futures are modestly softer in a rangebound session featuring little fundamental updatesUS President Trump has returned to the White House stating he feels great and vaccines are coming momentarily; reportedly planning to partake in the next debateBiontech (BNTX) and Pfizer (PFE) have initiated a rolling submission to the EMA for their COVID-19 vaccine candidateFX features a contained USD with peers little changed aside from a softer AUD while the US yield curve is a...

Asian equity markets traded positively following the firm handover from global peers as markets track stimulus developments and US President Trump’s healthUS President Trump has left the Walter Reed Medical Centre and returned to the White HouseUS President Trump is planning to participate in the next Presidential Debate scheduled for October 15th, according to CNNWhite House Chief of Staff Meadows noted there is potential for a stimulus...

US futures are firmer but off session highs amidst relatively quiet newsflow with focus on updates from the PresidentUS President Trump’s condition continued to improve and he may be discharged from the hospital as early as Monday, according to his medical teamThe latest election polls showed a widening lead for former VP Biden following last week’s presidential debateUS House Speaker Pelosi & Senate Majority Leader McConnel were...

US President Trump’s condition continued to improve and he may be discharged from the hospital as early as Monday, according to his medical teamAsian equity markets and US equity futures began the week with a constructive tone as the regional bourses reopened from recent holiday closuresThe latest election polls showed a widening lead for former VP Biden following last week’s presidential debateThe DXY was softer amid the positive risk tone, providing some support to its major counterparts...

President Trump tested positive for COVID-19; announcement sparked a risk-off move featuring ES dropping to current session lows in proximity to -2.0%Sentiment remains largely driven on POTUS’ update with DXY firmer but now just back below 94.00 and UST’s firmer with the curve bear-flatteningUS House passed the Democratic stimulus plan which Republicans oppose; passed after Speaker Pelosi announce no bipartisan deal was achieved last nightEU Commission President & UK PM are to hold a...

Asian equity markets trade lower and the E-mini S&P is showing losses in excess of 1% after US President Trump tested positive for COVID-19In FX markets, the USD subsequently saw strength with the DXY moving back towards 94.00, pulling EUR/USD nearer to 1.1700EU leaders reached an agreement regarding Belarus in which they will impose sanctions on the nation for violence and its election processThe US House voted in favour of the USD 2.2trl Democrat stimulus plan after House Speaker Pelosi...

European bourses are modestly firmer as the cautiously positive US fiscal narrative remains; US futures are firmer by ~1.0%President Trump signed the stopgap funding bill after it progressed through the Senate to avert a Gov’t shutdownUS House delayed a vote on the USD 2.2tln coronavirus relief bill to Thursday to provide more time for talks with the White HouseUS Treasury Secretary Mnuchin's COVID proposal to House Speaker Pelosi on Wednesday was valued at USD 1.62tlnFed is to extend...