Newsquawk Rundown, Daily Podcast

FOMC left rates on hold as expected, sees rates unchanged at least through 2023 and maintained the asset purchase scheduleThe Committee will aim to achieve inflation moderately above 2% for some time so that inflation averages 2% over timeAsian equity markets traded subdued as the soured mood rolled over into the region from the uninspiring finish on Wall StReports suggested that Oracle’s TikTok bid left US security concerns unaddressedBoJ kept policy settings unchanged and upped its...

European bourses are mixed/flat in a pullback from the mornings grinding bid; US futures are firmer by ~0.4%DXY is downbeat but still holds above yesterday’s low to the modest benefit of major peersWhite House Chief of Staff Meadows said the USD 1.5tln proposal from bipartisan lawmakers does not align with the Trump administration's priorities although could pave opening for further talksCrude is supported amidst Hurricane Sally effects, which has now made landfall and an unexpected sizeable...

Asian equity markets traded mixed and only partially benefitted from the tech-led gains in USDXY trades mildly softer, whilst remaining on a 93.00 handle, EUR/USD hovers around 1.1850 and GBP/USD trades sub 1.2900A 50-member House bipartisan group proposed a USD 1.5tln stimulus package in an effort to break the deadlock; rejected by Democrats and the administrationBSEE estimated Hurricane Sally has cut 26.9% of US gulf offshore oil...

European stocks saw an uninspiring open but have since seen upside despite a lack of fresh catalystsByteDance plans to restructure TikTok with its new investors which would see Oracle (ORCL) and Sequoia Capital taking stakesIEA cut its 2020 crude oil demand forecast by 200k BPD and expects the recovery in oil demand to decelerate markedly in H2The DXY lost further ground after slipping below 93.00; EUR/USD trades just beneath 1.1900,...

Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handoverByteDance plans to restructure TikTok with its new investors which would see Oracle (ORCL) and Sequoia Capital taking stakesUK government won the vote on the Internal Market Bill by 340-263 which now moves the bill to the Committee Stage of the legislation processThe DXY lost further ground after slipping below 93.00;...

Early gains in European equities fizzled out whilst US equity futures hold onto gainsUS Ambassador to China abruptly stepped down, with a replacement unlikely before US elections according to sourcesAstraZeneca (AZN LN) and the University of Oxford have resumed their coronavirus vaccine trialByteDance reportedly picked Oracle as the winning bidder for its TikTok operations in US; latest sources said ByteDance will not sell to either...

Asian equity markets were positive across the board and US equity futures also began the week on the front footAstraZeneca (AZN LN) and the University of Oxford have resumed their coronavirus vaccine trialByteDance reportedly picked Oracle as the winning bidder for its TikTok operations in USUK senior Tories are refusing to back down on their revolt against PM Johnson regarding the Internal Market BillThe DXY was marginally softer overnight, allowing EUR/USD to test 1.1850 to the upside...

European equities are modestly subdued unable to follow the largely positive APAC handover, while US futures are firmer but off highsUK PM Johnson is facing a revolt by as many as 30 Tory MPs over the Internal Markets bill; to address Party at 17:30BST/12:30ETPresident Trump refuted reports he is to extend the TikTok deadlineFX sees the USD softer weighed on by antipodeans & EUR with the latter bolstered via EUR/GBP actionLooking ahead, highlights include UK GDP, US CPI, ECB's...

Asian equity markets trade mixed as the region partially shrugged-off the weak performance stateside where all major indices declined amid selling in tech and energyUK PM Johnson is facing a revolt by as many as 30 Tory MPs over the Internal Markets billECB policymakers agreed to look through euro strength at the September meeting and judged the currency broadly in line with economic fundamentals, according to sourcesDXY is mildly softer following yesterday’s gains, EUR/USD stabilised on a...

Trade has been tepid with European equities roughly U/C at present as focus turns firmly to the ECB decisionFX sees the DXY modestly softer but holding above 93.00 while the EUR is a touch firmerEU is reportedly mulling legal action against the UK for its attempt to override parts of the Withdrawal AgreementBoJ is expected to offer a more upbeat view on the economy, output and exports than that presented in July at its upcoming...