Newsquawk Rundown, Daily Podcast

Asian equity markets were mostly positive as regional bourses tracked the cyclical-led gains in US peersModerna (MRNA) COVID-19 vaccine produced antibodies in all patients tested in an initial study, according to reportsUS President Trump said he signed legislation and an executive order to hold China accountable for actions in Hong KongBoJ kept monetary policy settings unchanged as expected with rates kept at -0.1% and 10yr JGB yield...

Sentiment is subdued in Europe, but off lows, as US futures remain robust ahead of US bank earningsChina's Foreign Ministry intends to apply sanctions on Lockheed Martin (LMT) over arms sales to TaiwanTrump’s advisors have outruled breaking the USD/HKD peg while China says the US accusations over the South China Sea are unjustifiedUK reportedly will ban UK telecoms from purchasing Huawei equipment by year-end and will remove Huawei from all 5G networks by 2027FX sees the USD softer but...

Asian equity markets traded negatively with sentiment dampened following choppy performance statesideCalifornia Governor Newsom ordered a shutdown of indoor restaurants, bars, movie theatres and other businesses across the stateThe US has denounced China's claims to the South China Sea as unlawfulThe DXY sits just above 96.50 with trade across the FX complex relatively contained overnightUK will reportedly ban UK telecom companies from purchasing Huawei equipment by year-end and will...

Sentiment remains firm but European bourses are off highs while US futures remain steady with gains of 0.5%Weekend updates saw a record rise in global COVID-19 cases, whilst Florida saw its largest increase in cases since the pandemic beganUS is reportedly weighing limited options to sanction China for its actions in Hong KongChina's Foreign Ministry says it will impose sanctions on US lawmakers in response to sanctions over XinjiangUS is to issue 25% tariffs on USD 1.3bln of French...

Asian equity markets began the week mostly positive as the region benefitted from the recent tailwinds from Wall St.Weekend updates saw a record rise in global COVID-19 cases, whilst Florida saw its largest increase in cases since the pandemic beganUS is reportedly weighing limited options to sanction China for its actions in Hong Kong, according to WSJDXY traded softer and declined back below 96.50, EUR/USD and GBP/USD trade above 1.13 and 1.2650 respectivelyWTI crude futures retraced...

Choppy end to the week for stocks amidst a flurry of updates as debt remains in demand & dollar dipsUS is said to be mulling a tariff list against France for around USD 500-700mln in goodsTexas COVID-19 cases increased by the most since the pandemic began and the Governor predicts next week will be worseEU Council President Michel proposes a budget of EUR 1.074tln & recovery fund total maintained at EUR 750blnIEA raises 2020 oil demand forecast by 400k BPD, demand decline in Q2...

Asian stock markets were negative following a lacklustre performance across global peersLarge-cap Chinese shares were pressured after two state-backed funds said they plan to trim holdingsUS coronavirus cases rose by at least 60,565 which was a 2nd consecutive record increaseUS is said to be mulling a tariff list against France for around USD 500-700mln in goods, with a potential announcement today, sourcesIn FX,...

European bourses and US equity futures are mixed; DAX and IT sector outperforms after SAP’s prelim resultsUS coronavirus cases rose by more than 60,000 for a record daily increase according to a major newswire tally; Texas death rise was the largest since the pandemic beganChina’s Foreign Minister said China is willing to develop ties with the US but relations face serious challengesAustralia is to suspend the extradition agreement with Hong Kong while New Zealand will review relationship...

Asian equity markets traded mostly higher as the region took its cue from the positive rollover from Wall StreetChina’s Foreign Minister said China is willing to develop ties with the US but relations face serious challengesAustralia is to suspend the extradition agreement with Hong Kong; New Zealand will review relationship settings with Hong KongGerman Chancellor Merkel is under domestic pressure to take a harder line against...

Price action has been choppy amid a lack of fresh fundamentals ahead of a quiet US scheduleEuropean bourses are lower but remain within session ranges with US futures posting similar performance but erring closer to the U/C mark at presentCalifornia and Texas reported record daily COVID-19 cases, according to reportsPresident Trump’s aides were said to propose undermining the USD/HKD peg; the idea had not been put forward to the PresidentFX sees the USD is rangebound either side of the...