Newsquawk Rundown, Daily Podcast

Asian equity markets were mostly higher (before trimming some gains) as the region took its cue from the gains on Wall St and Chinese PMI figuresChinese Manufacturing and Non-Manufacturing PMI topped estimates and the Composite PMI also printed in expansion territorySome downplayed the data given that it was a recovery from the prior month’s record low base and with China’s stats bureau warning the rebound does not mean the economy has returned to normalDXY remained firmer after having reclaimed...

European bourses have been choppy for much of the session, with similar performance seen in US futures; currently relatively unchaged on the dayUS President Trump announced that he is to extend federal guidelines on coronavirus to April 30th and that he sees deaths peaking in 2 weeksNIH’s Fauci projected the possibility of millions of coronavirus cases in the US and 100k-200k deathsJapan's ruling party has reportedly proposed a JPY 60tln stimulus package, which would include direct government...

US House passed USD 2.2trln COVID-19 economic aid bill which President Trump signed on FridayUS President Trump announced that he is to extend federal guidelines on coronavirus to April 30th and that he sees deaths peaking in 2 weeksNIH’s Fauci projected the possibility of millions of coronavirus cases in the US and 100k-200k deathsAsian equity markets resumed their selling, and US equity futures also began the week on the backfoot (before gradually recouping losses)In FX, the DXY was...

Sentiment remains subdued, in a turnaround from yesterday, as focus turns from stimulus measures back to rising virus case countsSpain's coronavirus cases increase to 64059 from 56188; deaths at 4858 from 4089US confirmed cases stand at 81,378 - highest in the world, according to a Reuters calculationUS House set a two-hour debate on coronavirus relief bill on Friday 0900 ET/1300 GMT, according to House officialsIn FX, the USD is firmer as the index fights back from a week which has...

Major APAC bourses started the day on a firm footing but later waned off highs; ASX 200 underperformed·        US House set a two-hour debate on coronavirus relief bill on Friday 0900 ET/1300 GMT, according to House officials·        UK and EU negotiating rounds have been abandoned amid coronavirus pandemic, according to The Guardian.·        In...

European price action has been choppy equity-wise, as focus remains on the progression of stimulus as well as the rising COVID-19 countUS Senate voted unanimously (96-0) to pass the USD 2tln coronavirus response bill which sends the bill to the HouseUS House Majority Leader Hoyer's office stated the House will convene at 0900EDT on Friday to consider the billSpain's total coronavirus cases rise to 56,188 on Thursday from 47,610 on...

US Senate voted unanimously (96-0) to pass the USD 2tln coronavirus response bill which sends the bill to the HouseUS House Majority Leader Hoyer's office stated the House will convene at 0900EDT on Friday to consider the billAsia equity markets traded cautiously amid headwinds from the US where most major indices finished in the green although pulled back heading into the Wall St. closeIn FX markets, the DXY softened and retreated back below the 101.00 level; EUR/USD above 1.09, USD/JPY below...

European sentiment began firm but has since deteriorated significantly ahead of the US’ approach to marketUS Senate Majority Leader McConnell confirmed the they have reached a bipartisan deal and said the stimulus package would rush financial assistance to AmericansECB's Lagarde asked EZ Finance Ministers yesterday to seriously consider a one-off joint debt issue of coronabonds, according to officials; was opposed by Northern statesJapan is discussing a USD 500bln stimulus package, Cash handouts...

US Senate Majority Leader McConnell confirms that a bipartisan stimulus deal has been reached; package is said to be worth USD 2.5trlAsian equity markets traded with firm gains as the region took impetus from the historic rally on Wall St where the DJIA jumped by over 2100 pointsESM's Regling said precautionary credit line ECCL is best for the COVID-19 response and would be available to all EZ countriesUS President Trump's administration...

Sentiment remains bolstered as more stimulus measures are touted, with US futures hitting limit-upUS President Trump said we will have an announcement soon as to timing of measures to ease coronavirus guidanceUS Treasury Secretary Mnuchin and Senate Democrat leader Schumer were optimistic for a deal on Tuesday; while Democrats introduced a USD 2.5bln stimulus billGermany is reportedly mulling a stimulus package to boost the economy post-virusFX sees the DXY softer, to the benefit of G10...