Newsquawk Rundown, Daily Podcast

European stocks trade flat/firmer amid a lack of fresh catalysts; DAX is pressured by its IT exposure whilst FTSE 100 outperformsUS President Trump said the government reached an agreement with Moderna (MRNA) for delivery of 100mln doses of its vaccine candidateUS Senator Kamala Harris has been chosen as former VP Joe Biden’s running mateRBNZ kept rates unchanged as expected, widened its LSAP and agreed that the package of additional monetary tools must remain in active preparation which includes...

Asian equity markets traded with a lacklustre tone following on from a weak lead from US where the major indices faltered in late tradeUS Senate Majority Leader McConnell dashed some stimulus hopes and saw the S&P 500 retrace its earlier gainsIn FX markets, the DXY heads into the EU open firmer as EUR/USD and GBP/USD sit above 1.17 and 1.30 respectivelyRBNZ kept rates unchanged as expected, widened its LSAP programme to NZD 100bln from NZD 60bln and agreed to continue preparing a package of...

Sentiment strengthened after the European cash open whilst gold gave up USD 2000/oz with fundamental drivers at the time sparse; US futures firmer and towards session peaks, e-mini S&P hit record highsUS President Trump said he is mulling a capital gains tax cut, as well as an income tax cut for middle-income familiesRussian-made COVID-19 vaccine has received regulatory approval, according to Russian President Putin via RIANew Zealand...

Asian equities traded higher as risk appetite in the region improved on the tepid performance seen on Wall St where most major indices finished in the green but tech underperformedThe DXY heads into the EU open just above 93.50, EUR/USD hovers around 1.1750 and GBP/USD just below 1.3100US President Trump said he is mulling a capital gains tax cut, as well as an income tax cut for middle-income familiesTreasury Secretary Mnuchin said stated he has not spoken to House Speaker Pelosi or Senate...

European equities lost steam after China announced retaliatory sanctions on US officialsTargets of the Chinese sanctions include Senators Rubio & Cruz, Freedom House President Abramowitz and Human Rights Watch Director Roth; effective as of todayA lack of progress in Congressional stimulus talks prompted President Trump to go ahead with taking executive actionTrump took action on enhanced unemployment benefits, evictions, payroll tax...

Asian equity markets eventually traded mostly higher on what was an indecisive start to the week amid holiday-thinned conditionsA lack of progress in Congressional stimulus talks prompted President Trump to go ahead with taking executive actionTrump took action on enhanced unemployment benefits, evictions, payroll tax deferral and student loan reliefReports noted that the orders are likely to face some legal challenges, while the enhanced...

European equities drift lower as the APAC sentiment reverberated into the regionUS President Trump signed executive orders to ban transactions with TikTok’s parent ByteDance, as well as Tencent-owned WeChat in 45 daysUS President Trump Working Group on Financial Markets recommended Chinese companies currently listed on US exchanges be compliant with US accounting standards or be delistedUS Treasury Secretary Mnuchin said the sides are...

Asian equity markets failed to sustain the positive handover from Wall St where all major indices notched gains as tech resumed its outperformanceUS State Department lifted advisory against all international travel and is returning to its previous system of country-specific levels of travel adviceUS President Trump signed executive orders to ban transactions with TikTok’s parent ByteDance, as well as Tencent-owned WeChat in 45 daysUS...

European equities traded choppy but are ultimately lower; FTSE 100 underperformsFurther US COVID-19 relief bill talks will take place today; goal is to conclude discussions this weekBoE maintained policy settings; Gov Bailey said negative rates are in the toolbox but prefers QE; RBI unexpectedly stood pat on ratesIn FX, DXY is modestly firmer; GBP outperforms and TRY tumblesLooking ahead, highlights include US...

Asian equity markets traded mixed amid a lack of fresh catalysts and with the region failing to take advantage of the mild tailwinds from Wall StIn FX, the DXY remains sub-93.00, EUR/USD trades in the high 1.18’s and GBP/USD maintains 1.31 status ahead of the BoEUS stimulus talks remain deadlocked with recent reports suggesting that President Trump is prepared to use executive orders if a deal is not reachedLooking ahead, highlights...