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[PODCAST] European Open Rundown 7th December 2020
Asian equity markets were mixed despite the region initially taking its cue from the fresh record levels last Friday on Wall Street in which all major indices posted all-time highsIn FX, the DXY was rangebound beneath 91.00, EUR/USD retains 1.21 status and GBP/USD was choppy amid a flurry of Brexit-
READ STORY[PODCAST] US Open Rundown 4th December 2020
Major European bourses trade with modest gains across the board, FTSE 100 outperforms on Brexit optimismEU official said a Brexit trade deal is "imminent" and expected by the end of the weekend barring a last-minute breakdown in discussionUS President Trump's administration said it added four Chines
READ STORY[PODCAST] European Open Rundown 4th December 2020
Asia-Pac bourses traded mixed following a similar performance stateside where stock markets stalled after notching fresh record levelsPfizer (PFE) cut its vaccine rollout targets for this year due to supply chain issues and it now expects to ship half the doses it had originally plannedThe RBI kept
READ STORY[PODCAST] US Open Rundown 3rd December 2020
European equities are modestly softer following an uninspiring open; sectors do not present a risk profileThe EU is completing rules on content, competition that are likely to apply to Google (GOOG), Facebook (FB) and Amazon (AMZN), sources stateEU diplomat states that the same Brexit issues remain
READ STORY[PODCAST] European Open Rundown 3rd December 2020
A tentative mood was seen in Asia-Pac bourses following the flat performance on Wall St, whilst Chinese Caixin Services PMI printed its second highest reading in a decadeUS and EU have reportedly renewed their push to settle the Boeing (BA) Airbus (AIR FP) subsidy disputeIn FX markets, the DXY has s
READ STORY[PODCAST] US Open Rundown 2nd December 2020
European bourses trade mixed but off worse levels, with sectors not displaying a clear risk profileUK has approved the Pfizer (PFE)/ BioNTech (BNTX) COVID-19 vaccine, which will be available across the UK from next weekUS President-elect Biden will not immediately remove phase one tariffs on China a
READ STORY[PODCAST] European Open Rundown 2nd December 2020
Asia-Pac stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highsUS President-elect Biden will not immediately remove phase one tariffs on China according to a NYT Op-Ed citing a phone call with Biden
READ STORY[PODCAST] US Open Rundown 1st December 2020
Major European bourses see gains across the board with US equity futures also in firm positive territoryEMA has received application for conditional market authorisation for Pfizer/BioNTech's and Moderna's vaccine candidatesFed Chair Powell’s testimony at the Senate Banking Committee reiterated that
READ STORY[PODCAST] European Open Rundown 1st December 2020
Asian equity markets traded positively as strong data releases helped the region shrug-off the weak handover from US where stocks were pressured by month-end flowsChinese Caixin Manufacturing PMI data printed at a decade high of 54.9 vs. Exp. 53.5 and spurred Chinese markets to pick up from the slow
READ STORY[PODCAST] US Open Rundown 30th November 2020
European stocks see a mixed picture following a lacklustre open, with no risk profile to be derived from sectorsEU is reportedly seeking a new alliance with US to bury the tensions and to meet the new challenges related to ChinaUK could grant approval to Pfizer and BioNTech's vaccine within days; EM
READ STORYNewsquawk Week Ahead Preview 30/Nov-4/Dec: Highlights include OPEC; US jobs report, ISM; Eurozone CPI; RBA
MON: OPEC meeting, Chinese Manufacturing & non-Manufacturing PMI (Nov), Canada fiscal update, German Regional & National CPI (Nov), US Chicago PMI (Nov), Pending Home Sales (Oct)TUE: OPEC+ meeting, RBA Policy Announcement, Final EZ, UK & US Markit Manufacturing PMIs (Nov), EZ CPI(Nov), C
READ STORY[PODCAST] European Open Rundown 30th November 2020
Asian equity markets began the week mixed amid tentativeness heading into month-end and upcoming key risk eventsThe region also digesting a slew of data including better than expected Chinese Manufacturing and Non-Manufacturing PMI dataUK is set to become the first western country to approve a COVID
READ STORY[PODCAST] US Open Rundown 27th November 2020
European indices have posted mixed performance with US futures modestly positive though RTY -0.2% lags slightly with overall magnitudes relatively containedDXY has continued to drift but remains above the YTD low of 91.740, with major peers generally firmer but with limited conviction in thin liquid
READ STORY[PODCAST] European Open Rundown 27th November 2020
Asian equity markets were mixed as trade continued to lack firm direction following the holiday closure in the US for ThanksgivingThe AstraZeneca/Oxford University vaccine is set to undergo a new global trial to appease critics questioning the claim that the vaccine can protect up to 90% of people a
READ STORY[PODCAST] European Open Rundown 26th November 2020
Post-Fed minutes, some kind of action seems likely in December; what exact action will be taken remains to be seen, given the minutes had something for everyoneA non-committal tone was evident for most of Asia-Pac trade following the indecisive lead from the US where stocks were rangebound heading i
READ STORY[PODCAST] US Open Rundown 25th November 2020
European indices are softer with cyclicals marginally underperforming thus far, Euro Stoxx 50 -0.3%; a similar theme is evident in US futures with the RTY -0.4% underperforming the NQ +0.2% thus farFX has seen the USD pick-up throughout the morning as equity sentiment continues to slip with major pe
READ STORY[PODCAST] European Open Rundown 25th November 2020
Most major Asian equity markets traded positively as the region took impetus from the record-setting session in the US where the S&P 500 notched a record closeIn FX markets, the DXY remained subdued and moved closer towards 92.00, EUR/USD briefly reclaimed 1.1900 status, while GBP/USD hovered ar
READ STORY[PODCAST] US Open Rundown 24th November 2020
European equity indices are firmer across the board, Euro Stoxx 50 +1.20%, with sectors exhibiting cyclical outperformance; echoed in US futures with RTY +1.6% outperforming ES +0.8% & NQ +0.4%Russia's Sputnik V COVID-19 vaccine efficacy at 91.4% on day 28 and over 95% on day 42German Ifo busine
READ STORY[PODCAST] European Open Rundown 24th November 2020
Asian equity markets were mostly positive amid several bullish factors including ongoing vaccine hopes, strong US PMI data and reports that President-elect Biden is to pick former Fed Chair Yellen for Treasury SecretaryAdditionally, the General Services Administration informed President-elect Biden’
READ STORY[PODCAST] US Open Rundown 23rd November 2020
European bourses are bolstered on COVID-19 updates but are off highs at present, Euro Stoxx 50 +0.5%, while US futures remain in proximity to highs with RTY +0.9% marginally outperforming; ES +0.6% & NQ +0.3%AstraZeneca/Oxford University COVID-19 vaccine candidate met its primary endpoint; two r
READ STORY[PODCAST] European Open Rundown 23rd November 2020
Asian equity markets began the week on the front boot amid virus treatment hopes after reports the FDA granted EUA for Regeneron’s REGN-COV2 antibody cocktailHowever, some of the optimism in the region was offset by concerns regarding rising infectionIn FX markets, the DXY trades softer, EUR/USD eye
READ STORY[PODCAST] US Open Rundown 20th November 2020
European bourses are firmer this morning (Stoxx 50 +0.70%) seemingly unphased by the Fed/Treasury updates while US futures have been recouping losses and are now mixed/flatUS Treasury Secretary Mnuchin made a request for the Fed to return unused CARES Act funds and shelved several programs that util
READ STORY[PODCAST] European Open Rundown 20th November 2020
Asian equity markets traded with a non-committal tone as participants reflected on the choppy price action statesideUS Treasury Secretary Mnuchin made a request for the Fed to return unused CARES Act funds and shelved several programs that utilize those fundsThis prompted a response from the Fed whi
READ STORY[PODCAST] US Open Rundown 19th November 2020
Equities have continued to move lower since the European cash open as markets balance positive and negative updates on the COVID-19 front; ES & NQ -0.4%, RTY -0.7%AstraZeneca/Oxford COVID-19 vaccine has produced a strong immune response among elderly adults; Phase III efficacy data possible in t
READ STORY[PODCAST] European Open Rundown 19th November 2020
Asian bourses were mixed as the region partially shrugged-off the risk-averse mood that rolled over from US where early vaccine optimism faded amid COVID-19 concernsSelling in the US exacerbated heading into the close after New York City Mayor De Blasio announced the closure of all public schools fr
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