Newsquawk Rundown, Daily Podcast

Asia-Pac markets were quiet, owing to the closures in key bourses across the region, while trade in Japan was mired by system issues for the Tokyo Stock ExchangeHowever, the mood was still positive as US equity futures extended on recent gainsHouse Democrats were forced to postpone the vote on their USD 2.2tln bill to Thursday to allow more time for talks with the White HouseUS Treasury Secretary Mnuchin's COVID proposal to House Speaker Pelosi on Wednesday was valued at USD...

European bourses are downbeat following a mixed-lower APAC session dominated by the US debate; Stateside, futures are similarly subduedThe Presidential debate descended into chaos and snap-polls/implied odds marginally extended the Democratic leadChina is preparing to launch an antitrust probe into Alphabet's (GOOG) Google, according to sources, in relation to market dominanceSeven EU member states have opposed the draft rule of law reports; Council has opened the mandate for its debate in...

Asian equity markets were mixed with participants indecisive as focus centred on the Presidential DebateInitial gains in US equity futures were pared as the debate descended into chaos and Trump suggested that a contested election could last for monthsThe UK House of Commons approved the Internal Market bill as expected with a majority of 84 to send it to House of LordsA German EU Presidency spokesperson remarked that “a delay of the EU budget and the recovery fund is becoming increasingly...

European bourses are subdued in a reversal of yesterday’s action which features banking names at the bottom of the pileUS House Speaker Pelosi announced that the Democrats unveiled an updated coronavirus relief legislation, a USD 2.2tln billEU said it is prepared to begin writing a joint legal text of a trade agreement with UK, according to The TimesFX features a downbeat USD to the benefit of G10 peers aside from the JPY which is drifting from notable expiriesLooking ahead, highlights...

Asian equity markets traded mostly higher, although the region struggled to make the most of the firm tailwinds from Wall StMajor US indices notched respectable gains, led by cyclicals and amid month and quarter-end flowsBrussels has reportedly dropped its demands for a broad agreement with the UK on all outstanding issues before drafting a Brexit agreement, according to the TimesIn FX markets, the DXY remained lacklustre above 94.00, EUR/USD was steady around recent levels and GBP retained 1.28...

European bourses are substantially stronger this morning with Banks the best performing sector; stateside, futures see gains in excess of 1.0%A US judge granted a preliminary injunction which blocks US President Trump's ban on new TikTok downloads from US app storesUS President Trump picked Amy Coney Barrett for nomination to the Supreme Court and suggested that confirmation hearings on her nomination will begin October 12thHouse Speaker Pelosi thinks a coronavirus stimulus deal is still possible...

Asian stocks began the week mostly higher as the region picked up the baton from last Friday’s tech-driven momentum on Wall StreetA US judge granted a preliminary injunction which blocks US President Trump's ban on new TikTok downloads from US app storesUK Ministers are reportedly preparing to impose total social lockdown across much of Northern Britain and possibly LondonBoE’s Tenreyro said we have been testing our toolkit and the evidence on negative rates has been encouragingIn FX...

European equities have drifted lower following a mixed cash open; Euro Stoxx 50 -1.2%US equity futures see less pronounced losses of around 0.4% in the ES, NQ and YM Dec contractsEU Commission is to appeal the quashing of Apple’s order to repay USD 14.3bln in tax advantagesUK & EU Brexit negotiators were reportedly able to lay the foundation for next week’s negotiations; but, subsequent reports have been more downbeatIn FX, DXY has reclaimed 94.50+ status, GBP/USD eyes 1.2700 to the...

Asian equity markets were mostly higher amid tailwinds from Wall St where stocks finished a choppy session in the greenUS Secretary of State Pompeo alleged that New York’s Chinese consulate is a major spy hubUK Brexit Negotiator Frost and his EU counterpart Barnier were reportedly able to lay the foundation for a round of negotiations next weekUS House Speaker Pelosi said that Democrats are ready for negotiations on stimulus; reports...

European bourses & US equity futures are now mixed after experiencing a modest recovery from APAC/Wall St. induced downside pressureWhite House Economic Adviser Kudlow said we are examining all deals regarding China-based firms that may list in USUS Congress is reportedly readying to leave Washington as early as this week until after the election and therefore will not be able to put through any coronavirus reliefFX sees the USD firmer but off highs while GBP remains elevated ahead of the...