Newsquawk Rundown, Daily Podcast

European bourses modestly strengthened from a soft open after a weak APAC handover amidst quiet newsflowNHC says Laura is set to rapidly strengthen to a Category 4 hurricaneSalesforce (CRM) beat on top and bottom lines and are some 12% higher in the pre-marketDXY holds 93.00 with major peers mixed but overall little changedUST yields are continuing yesterday’s bear-steepening with USD 51bln 5yr supply in focus before tomorrow’s Jackson HoleLooking ahead, highlights include US...

Asian equity markets traded cautiously amid a lack of fresh macro drivers and following on from the somewhat choppy performance of US counterpartsIn FX, the DXY rebounded from support around 93.00, dragging EUR/USD towards 1.18 and GBP/USD below 1.3150WTI crude futures plateaued just south of the USD 43.50/bbl level following the prior day’s advances; output disruptions remain in focusUS President Trump's Administration is reportedly...

European bourses remain positive after a mixed APAC lead with US futures modestly positive as wellUSTR Lighthizer and Treasury Secretary Mnuchin spoke with China Vice Premier Liu He on Monday regarding implementation of the Phase 1 trade agreementOfficials from both sides see progress and are committed to taking next steps required to ensure success of the dealDJIA Reshuffle: Salesforce.com (CRM), Amgen (AMGN) and Honeywell (HON) are to replace ExxonMobil (XOM), Pfizer (PFE) and Raytheon (RTX) as...

Asian equity markets traded mostly higher as the region took impetus from the fresh record highs on Wall StUSTR Lighthizer and Treasury Secretary Mnuchin spoke with China Vice Premier Liu He on Monday regarding implementation of the Phase 1 trade agreementOfficials from both sides see progress and are committed to taking next steps required to ensure success of the dealThe DXY was softer but remained above 93.00, EUR/USD reclaimed 1.18...

Equities build on a firm APAC handover as newsflow slows this morningFDA authorized the emergency use of convalescent plasma as treatment for hospitalized COVID-19 patientsPresident Trump is considering fast tracking the UK vaccine which is currently being developed by AstraZeneca before the election, although AstraZeneca later denied thisUS President Trump raised the prospect of decoupling from China in which he suggested the US doesn’t have to do business with ChinaCrude is supported...

Asian equity markets traded mostly positive and E-mini S&P topped 3,400US FDA authorized the emergency use of convalescent plasma as treatment for hospitalized COVID-19 patientsChina launched the emergency use of COVID-19 vaccines which are going through clinical trialsAustralia's Victoria State Premier is to allow the extension of the state of emergency for a year & New Zealand extended the Auckland Level 3 lockdown restrictions;...

Sentiment largely undeterred on EZ flash PMIs but currently bourses are mid-range and modestly firmer in quiet newsflowEZ PMIs were softer than expected, with French Manufacturing dropping into contractionary territoryUK Retail Sales & PMIs were strong; however, DXY remains firm above 93.00 as Cable gave up 1.32 but EUR/USD just retains 1.18 – Brexit updates have been downbeat, but nothing fundamentally newUS House Speaker Pelosi says...

Asian equity markets traded mostly positive as the region benefitted from the tech-led gains on Wall StBrexit talks are set to end without a breakthrough this week, albeit the UK has reportedly submitted a draft FTAIn FX markets, the DXY gave back some gains, providing mild reprieve for EUR/USD and GBP/USDUS House Speaker Pelosi says the timing is not right for a smaller coronavirus relief billLooking ahead, highlights include UK retail sales, EZ, UK & US flash PMIs, Canadian retail...

Sentiment remains soft after less accommodative FOMC minutes and US-China tensions remain in focusChina's Foreign Ministry have decided Hong Kong will be suspending agreements with the US on some areas of legal cooperationAustralia is reportedly to block China's Mengniu Dairy's proposed AUD 600mln takeover of a number of Australian dairy brands, FTFX sees the DXY modestly firmer but meandering around 93.00 with major peers subdued as such and antipodeans taking the brunt; NOK was unfazed by an...

Asian equity markets traded lower across the board amid headwinds from Wall St where stocks faltered in the aftermath of the less accommodative than expected FOMC MinutesFOMC minutes mentioned the ongoing framework review but lacked any timing of its release and there also appeared to be no clear consensus regarding forward guidanceThere was also opposition to YCC as most members judged yield caps and targets would likely provide only modest benefits in the current environmentUS and Chinese trade...