Newsquawk Rundown, Daily Podcast

APAC equity markets were mixed; ASX 200 lagged as Australia’s 2nd largest city heads into a 6-week lockdownCalifornia 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 PresidentUK PM Johnson reiterated that Britain is prepared to leave the EU without a trade agreementIn FX, DXY held onto gains below 97.000, G10 peers largely traded within tight...

Sentiment remains subdued as stocks slip and the DXY dominates amidst a busy session in-spite of a quiet schedule with COVID-19 at the forefrontMelbourne, Australia has been placed under lockdown restrictions for 6-weeks given COVID-19European Commission cut EZ growth forecasts for 2020 & 2021 due to the slower easing of lockdown measuresUSTR Lighthizer and Chinese Vice Premier Liu are to lead a phone conversation in mid-August to assess the trade deal's progressRBA left rates &...

APAC stocks traded mixed in what was a choppy session; Mainland China remained positiveChinese officials are said to believe that if they keep ramping up US agriculture purchases it will help keep the Phase One deal alive, sourcesEU’s Chief Brexit Negotiator Barnier said the EU is willing to accept zonal attachments for post-Brexit fisheries under conditionsRBA kept its Cash Rate Target unchanged at 0.25% and maintained the 3yr bond yield...

Sentiment remains supported but has slipped somewhat after stellar Chinese trade session in comparatively quiet European hoursChina’s Securities Times remarked that fostering a healthy bull market following the COVID-19 pandemic is now more important than ever to the economyChina is braced for possible financial sanctions from the United States over the Hong Kong national security lawReportedly, China is considering increasing tariffs against Britain and Australia as a retaliatory...

Asian equity markets and US equity futures began the week mostly firmer; Hong Kong and Mainland China surgedUS CDC reported 52,228 new coronavirus cases and 271 deaths; Florida coronavirus cases rose by 10,059 and Texas cases rose by 3,449US Officials intend to promote a new study showing promising therapeutic results for COVID-19, an announcement they have described as being ‘market-moving’, NBC reportedChina is braced for possible financial sanctions from the United States over the Hong Kong...

Asian equity markets were mostly higher after a positive post-NFP close on Wall St., albeit stocks finished off best levelsUS COVID-19 cases rose yesterday by over 54k, Texas hospitalizations rose to a 4th consecutive high with Governor Abbot imposing a mandatory face mask requirementChinese Caixin Services PMI printed the highest in a decade and Caixin Composite PMI added to this week’s streak of encouraging PMIsThe DXY heads into the EU open modestly firmer and above the 97.00 mark with FX...

Sentiment remains stronger this morning following a positive APAC handover ahead of today’s heavy US data slateDXY is softer below the 97.00 handle to the benefit of most major peers while the core debt complex is marginally firmerSenior EU official is to publish a compromise EU budget and Recovery Fund proposal next week, will continue to negotiate until the EU leader summitUS daily coronavirus cases increased by over 50,000 for the first time ever after California, Texas and Arizona all...

Asian equity markets traded positively after the region took advantage of the mild tailwinds from Wall StFOMC Minutes saw the Fed reiterate its commitment to utilizing a full range of tools to support the economyMinutes also noted that participants generally indicated support for outcome-based forward guidanceUS daily coronavirus cases increased by over 50,000 for the first time. Apple re-closed 30 stores in seven statesIn FX, the DXY remains lacklustre, EUR/USD sits just above 1.1250,...

Price action has been choppy on month, quarter and half-year end; European bourses are subdued with US futures posting similar performanceChina's legislature passed the Hong Kong security law as expected; further details expected later todayUS Commerce Secretary Ross said regulations providing preferential treatment to Hong Kong are suspended and further steps to remove differential treatment for Hong Kong are being assessedAs such, China's Foreign Ministry reiterates that they will take...

Asian equity markets traded higher as the region took its cue from the firm performance on Wall StChinese Manufacturing PMI and Non-Manufacturing PMI topped estimatesChina's legislature passed the Hong Kong security law as expected. US Commerce Secretary announced that HK’s special status is revokedWHO Chief Tedros said that although many countries have made some progress, the pandemic is actually speeding up...