Newsquawk Rundown, Daily Podcast

Asian equity markets were lower on spill-over selling from peers on Wall St; Hong Kong underperformedWhite House Economic Adviser Kudlow said we are examining all deals regarding China-based firms that may list in USUS President Trump said he thinks the 2020 election will end up at the Supreme Court and that is why it is important to have nine justicesUS Congress is reportedly readying to leave Washington as early as this week until after...

European bourses are firmer pushing past a mixed APAC performance and taking the lead from Wall St.US House passed the stopgap funding bill to avert a government shutdown as expectedUK Chancellor Sunak is reportedly mulling German-style wage subsidies to replace the furlough schemeEZ/UK Manufacturing Flash PMIs beat but EZ services only just reside in expansionary territoryFX sees the USD essentially unchanged having resided after side of the mark with peers, antipodeans aside, little...

Asian equity markets traded mixed and failed to take full impetus from the rebound across their global peersRBNZ kept OCR unchanged at 0.25% and maintained LSAP at NZD 100bln as expectedChinese military reportedly stepped up its anti-mine drills as Taiwan bolsters its sea defences to protect against an invasionIn FX, DXY extended gains above 94.000, EUR/USD gave up 1.1700 and AUD/USD underperformedLooking ahead,...

European bourses are firmer in a turnaround from APAC action; US futures are mixed with the Nasdaq firmer but ES & Dow flatFed Chair Powell reiterated in the pre-release of his testimony to Congress that the Fed will do what it can and for as long as it takes to support the recoveryFX sees the USD off highs while GBP is firmer after being bolstered from BoE Bailey’s remark that last week’s statement did not imply the use of negative ratesRiksbank left policy U/C as expected; RBA Deputy...

Asian equity markets were lower across the board with weakness stemming from the uninspiring performance in global peersThe DJIA registered losses of over 500 points, although a late resurgence in tech helped the Nasdaq 100 finish in the greenUK PM Johnson is to announce that bars, pubs and restaurants in England will be forced to shut at 10pm as of ThursdayFed Chair Powell said the Fed will do what it can and for as long as it takes to...

European bourses are impaired this morning given pressure on COVID-19 sensitive names and the banking sector; US futures down ~1.8%The ECB has launched a sweeping review of its EUR 1.35tln PEPP program, which will assess the impact of its bond-buyingThe death of Supreme Court Associate Justice Ginsberg has opened another front in the election battle with President Trump intending to make a nomination in the week aheadUS Democrats and White House officials neared a deal on Friday on a stopgap...

Asian equity markets were subdued and US equity futures traded choppy after last Friday’s losses on Wall StUS President Trump gave his blessing to the deal between TikTok, Oracle and WalmartUK PM Johnson warned that the UK is now seeing a second wave of coronavirus and further measures will be imposed if the disease progressesThe ECB has launched a sweeping review of its EUR 1.35tln PEPP program, which will assess the impact of its...

European bourses are flat/mixed in relatively quiet trade with focus on quad witching to close out the weekUS lawmakers are nearing a spending deal to avert a government shutdown at the end of the month, which a bipartisan group seeks to unveil todayUS President Trump is reportedly comfortable with the deal TikTok and Oracle (ORCL) made with the CFIUSTaiwan's Defence Ministry says multiple Chinese jets crossed the mid-line of the Taiwan Strait on FridayFX sees the dollar downbeat on JPY...

Asian equity markets were mildly positive after shrugging off the weak lead from the US where the Nasdaq led the retreatByteDance and Oracle (ORCL) are reportedly planning an IPO of TikTok’s global business on a US stock exchange in about a year, according to sourcesSources told Fox that US President Trump is comfortable with the deal TikTok and Oracle (ORCL) made with the CFIUSIn FX markets, the DXY consolidated below 93.00, EUR/USD is currently capped by 1.1850, GBP/USD is hovering around the...

European equities remain downbeat but have nursed some losses throughout a relatively quiet European session thus farUS President Trump said he supports something like a plan for coronavirus relief proposed by the bipartisan group, adding “we are getting closer to a deal on coronavirus relief”BoJ left policy unchanged as expected but revised their economic assessment higher; Brazil’s selic rate was also U/CFX sees the DXY modestly downbeat but has been choppy throughout the morning with major...