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[PODCAST] US Open Rundown 22nd December 2020
European equities are firmer this morning, Stoxx 50 +1.0%, as newsflow has slowed following the US House/Senate votes with attention on Brexit developments; ES +0.2%US House (359-53) and Senate (92-6) approved the COVID relief package tied together with the spending bill to keep the government open
READ STORY[PODCAST] European Open Rundown 22nd December 2020
Asia-Pac equities traded lower following a mixed lead from Wall Street; ASX 200 underperformedUK PM Johnson made a last ditch push for a Brexit deal with some movement on his position over fisheries; an EU official said "It's still a no from us."US House and Senate approved the COVID relief package
READ STORY[PODCAST] US Open Rundown 21st December 2020
Sentiment is substantially hampered this morning, ES -2.0%, Euro Stoxx 50 -3.1%, WTI Mar'21 -5.0%, amid COVID-19 updates and a lack of Brexit updates overshadowing, for now, US fiscal updatesUK PM Johnson announced a new Tier 4 level of COVID restrictions across southeast England; a string of countr
READ STORY[PODCAST] European Open Rundown 21st December 2020
Asia-Pac equities traded mostly lower following a similar downbeat lead from Wall St; Mainland China outperformedUK PM Johnson announced a new Tier 4 level of COVID restrictions across southeast England; a string of countries have banned travellers from the UK amid the more transmittable COVID varia
READ STORY[PODCAST] US Open Rundown 18th December 2020
European indices are modestly firmer in a session devoid of fresh macro newsflow with all eyes on the fiscal front as we approach year-endFDA advisory committee voted (20 yes, 0 no and 1 abstain) that benefits of taking Moderna (MRNA) vaccine outweigh the risks in people aged 18 years and olderBoJ k
READ STORY[PODCAST] European Open Rundown 18th December 2020
Asian equity markets traded cautiously despite fresh record levels on Wall StreetBoJ kept its main policy settings unchanged but extended funding measures to support COVID-19 stricken firmsIn FX, the DXY hovers around 90.00, EUR/USD sub-1.2250 and GBP remains at the whim of Brexit updatesUK PM Johns
READ STORY[PODCAST] US Open Rundown 17th December 2020
Equities are firmer but off highs, Euro Stoxx 50 +0.6% & ES + 0.5%, amidst lessened newsflow post-FOMC with attention on month/quarter/year-endSNB leaves its Policy Rate unchanged at -0.75% as expected; maintains language around CHF as "highly valued"; prepared to step up FX invention as necessa
READ STORY[PODCAST] European Open Rundown 17th December 2020
The Fed kept rates unchanged, enhanced guidance and refrained from extending the weighted average maturity of purchasesAsian equity markets gradually shrugged off the early indecision following a mixed lead from Wall Street as markets digested the FOMC meetingAs an adjustment to the WAM was seen to
READ STORY[PODCAST] US Open Rundown 16th December 2020
Sentiment is supported this morning on fiscal hopes and after firmer EZ PMI data, Euro Stoxx 50 +0.9% & ES +0.3%, with focus on the looming FOMC decisionUS Senate Minority Leader Schumer said negotiators are continuing work on COVID-19 relief and government funding, while he thinks there is a ge
READ STORY[PODCAST] European Open Rundown 16th December 2020
Asian equity markets traded higher as the region received a tailwind from Wall Street where all major indices were lifted amid stimulus hopesSenate Majority Leader McConnell suggested that Senate would not leave Washington without a package no matter how long it takesIn FX, the DXY languished beneat
READ STORY[PODCAST] US Open Rundown 15th December 2020
Equities have continued to grind higher throughout the morning amid sparse newsflow following the cautious APAC lead; Euro Stoxx 50 +0.5% ES +0.6%Electoral College officially voted to confirm President-elect Bidens election victory with sufficient electors required to become PresidentUS House Speake
READ STORY[PODCAST] European Open Rundown 15th December 2020
Asian equity markets followed suit to the cautious performance in the US where sentiment was pressured by lockdown concernsThe S&P 500 and DJIA reversed course whilst the Nasdaq remained afloat as stay-at-home tech names benefittedUK sources stated that Brexit talks remain difficult and they hav
READ STORY[PODCAST] US Open Rundown 14th December 2020
Sentiment is bolstered amid Brexit updates and following the COVID-19 vaccine EUA in the US; Euro Stoxx 50 +1.1% & ES +0.6%EU & UK have agreed to continue Brexit talks; Barnier has indicated a fishing compromise could equate to a deal this week and was more upbeat than in his previous apprai
READ STORYWeek ahead preview: Highlights include FOMC, BoE, BoJ Tankan, SNB, RBA mins, Norges, CBR; OPEC JMMC; Dec PMIs; US retail sales; Canada CPI, retail sales; Chinese activity data
MON: US Electoral College Votes; OPEC MOMR; EZ Industrial Production (Oct).TUE: Hungarian Rate Decision, RBA Minutes (Dec); European Commission VP Dombrovskis speaking on EU Fiscal matters; IEA MOMR; Chinese Retail Sales (Nov); UK Labour Market Report (Oct); Japanese Trade Balance (Nov).WED: FOMC Mo
READ STORY[PODCAST] European Open Rundown 14th December 2020
Asian equity markets began the week with a mild positive bias and US equity futures were also underpinned following constructive headlines over the weekendAs expected, the US FDA authorized the Pfizer (PFE)/BioNTech (BNTX) COVID-19 mRNA vaccine for emergency useIn FX markets, the DXY languished belo
READ STORY[PODCAST] US Open Rundown 11th December 2020
Stocks continue to slip with focus on diminishing brexit hopes alongside COVID-19 delays and US fiscal deliberations; Euro Stoxx 50 -1.6%, ES -1.0%.European Commission President von der Leyen has informed leaders she has 'low expectations' re. Brexit and a no-deal is now the most likely scenarioSano
READ STORY[PODCAST] European Open Rundown 11th December 2020
Asian equity markets traded mixed following a similar subdued performance on Wall StreetCongressional leaders remained at loggerheads on COVID-19 relief, with rampant infections stateside and no-deal Brexit concerns across the pond contributing to the cautious toneSanofi/GlaxoSmithKline have announc
READ STORY[PODCAST] US Open Rundown 10th December 2020
Indices are largely firmer this morning though magnitudes are modest, Euro Stoxx 50 +0.2% & ES +0.1%, as focus resides on the sessions looming risk eventsUS Treasury Secretary Mnuchin says talks between GOP and Democrats are quite constructive but few sticking points remain regarding a dealUK PM
READ STORY[PODCAST] European Open Rundown 10th December 2020
Asian equity markets were cautious amid headwinds from the soured mood on Wall St with the downturn led by hefty losses in the NasdaqUK PM Johnson and EU's von der Leyen agreed that a firm decision should be taken about the future of talks by SundayIn FX, the DXY gave back some of its gains, EUR/USD
READ STORY[PODCAST] US Open Rundown 9th December 2020
US futures are modestly firmer but somewhat mixed contrasting European indices which are supported amid the broader risk tone, Euro Stoxx 50 +0.3%; albeit, off highsUK PM Johnson and European Commission President Von der Leyen dinner tonight is due to start at 19:00GMT/14:00ESTPoland, Hungary, and G
READ STORY[PODCAST] European Open Rundown 9th December 2020
Asia-Pac bourses traded positively as the region took impetus from the record highs on Wall StUS Treasury Secretary Mnuchin presented a USD 916bln coronavirus relief proposal, although key Democrats have since labelled it as unacceptableEU Commission President von der Leyen confirmed that a meeting
READ STORY[PODCAST] US Open Rundown 8th December 2020
European indices are modestly subdued, Euro Stoxx 50 -0.4%, in a relatively quiet session ahead of a number of looming risk events; stateside, performance is broadly similar ES -0.4%.FDA is today to release two separate detailed analyses on the Pfizer(PFE)/BioNTech(BNTX) COVID-19 vaccine candidate,
READ STORY[PODCAST] European Open Rundown 8th December 2020
Asian equity markets were mixed after an uninspiring handover from the US where stocks pulled back from record levelsUK MPs voted against the House of Lords' amendments to the Internal Market Bill and reinstated the ‘international law-breaking’ clauses to the controversial bill (as expected)UK PM Jo
READ STORY[PODCAST] US Open Rundown 7th December 2020
European indices are modestly lower but off worst levels, Euro Stoxx 50 -0.5%, with US futures exhibiting similar performance; ES -0.4%, NQ -0.1% & YM -0.4%Brexit updates have largely been downbeat, prompting a GBP sell-off to the benefit of USD, with PM Johnson & Commission President von de
READ STORYWEEK AHEAD - highlights include: ECB, EU summit; US funding deadline, CPI; BoC; China trade, CPI; UK GDP
MON: Riksbank Minutes (Nov); EZ Sentix Index (Dec); Japanese GDP (R/Q3); Chinese Trade Balance (Nov).TUE: EIA STEO; Norges Bank Regional Network Report (Q4); EZ Employment (F); GDP German ZEW Survey (Dec)(R/Q3).WED: BoC Policy Meeting; BCB Policy Meeting; Chinese Inflation (Nov); German Trade Balanc
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