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[PODCAST] European Open Rundown 15th September 2020
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handoverByteDance plans to restructure TikTok with its new investors which would see Oracle (ORCL) and Sequoia Capital taking stakesUK government won the vote on the Internal Market Bill by
READ STORY[PODCAST] US Open Rundown 14th September 2020
Early gains in European equities fizzled out whilst US equity futures hold onto gainsUS Ambassador to China abruptly stepped down, with a replacement unlikely before US elections according to sourcesAstraZeneca (AZN LN) and the University of Oxford have resumed their coronavirus vaccine trialByteDan
READ STORYNEWSQUAWK WEEK AHEAD PREVIEW: Highlights include FOMC, BoE, BoJ JMMC, EU/China Meeting, UK Labour Market Report, UK and Canadian Retail Sales
MON: EU/China Meeting; Japanese LDP Leadership Vote; EZ Industrial Production; Indian Trade Balance; OPEC MOMRTUE: RBA Minutes, Norges Bank Regional Network Report; Chinese Retail Sales; UK Labour Market Report; German ZEW Survey; US Industrial Production; IEA MOMRWED: FOMC Monetary Policy Decision;
READ STORY[PODCAST] European Open Rundown 14th September 2020
Asian equity markets were positive across the board and US equity futures also began the week on the front footAstraZeneca (AZN LN) and the University of Oxford have resumed their coronavirus vaccine trialByteDance reportedly picked Oracle as the winning bidder for its TikTok operations in USUK seni
READ STORY[PODCAST] US Open Rundown 11th September 2020
European equities are modestly subdued unable to follow the largely positive APAC handover, while US futures are firmer but off highsUK PM Johnson is facing a revolt by as many as 30 Tory MPs over the Internal Markets bill; to address Party at 17:30BST/12:30ETPresident Trump refuted reports he is to
READ STORY[PODCAST] European Open Rundown 11th September 2020
Asian equity markets trade mixed as the region partially shrugged-off the weak performance stateside where all major indices declined amid selling in tech and energyUK PM Johnson is facing a revolt by as many as 30 Tory MPs over the Internal Markets billECB policymakers agreed to look through euro s
READ STORY[PODCAST] US Open Rundown 10th September 2020
Trade has been tepid with European equities roughly U/C at present as focus turns firmly to the ECB decisionFX sees the DXY modestly softer but holding above 93.00 while the EUR is a touch firmerEU is reportedly mulling legal action against the UK for its attempt to override parts of the Withdrawal
READ STORY[PODCAST] EU Open Rundown 10th September 2020
Asia-Pac bourses were mostly positive after taking advantage of the constructive handover from the US where tech staged a reboundThe EU is reportedly mulling legal action against the UK for its attempt to override parts of the Withdrawal AgreementThe DXY was lacklustre following the prior day’s weak
READ STORY[PODCAST] US Open Rundown 9th September 2020
Sentiment has stabilised and mounted a recovery as APAC/AstraZeneca pressure abated; Nasdaq future outperforms +2.0%AstraZeneca (AZN LN) vaccine trials with the University of Oxford have reportedly been placed on hold due to an adverse reaction in a UK participantNIH Fauci said Moderna and Pfizer/Bi
READ STORY[PODCAST] EU Open Rundown 9th September 2020
Asian equity markets were lower across the board amid strong headwinds from Wall St where the tech rout intensified on return from the long weekendAstraZeneca’s COVID-19 vaccine trial with the University of Oxford has reportedly been placed on hold due to an adverse reaction in a UK participantSenio
READ STORY[PODCAST] US Open Rundown 8th September 2020
Sentiment has slipped as US participants return following a positive APAC handover; Nasdaq 100 future 2.5% lower and once again the laggardUSD benefits from the deterioration in sentiment to the detriment of all major peers with GBP feeling the brunt after yesterday’s slide following further downbea
READ STORY[PODCAST] EU Open Rundown 8th September 2020
Asian equity markets traded mostly positive, following the upbeat performance in EU counterpartsGains in the region were moderated after US President Trump suggested the idea of decoupling the US economy from ChinaUK PM Johnson is to reportedly tell the EU that the Brexit deal must be rewritten in o
READ STORY[PODCAST] EU Open Rundown 7th September 2020
Asian equity markets began the week indecisively as the region reflected on Friday’s US jobs release and continued tech-related losses on Wall StMixed Chinese trade data and ongoing tensions with the US added to the cautious approachThe DXY heads into the EU open relatively flat below 93.00; GBP pre
READ STORY[PODCAST] US Open Rundown 4th September 2020
Sentiment has picked up since the European cash open; Banking sector outperformsUS equity futures have mostly nursed losses, NQ remains the underperformerUS Treasury Secretary Mnuchin and House Speaker Pelosi reportedly plan to keep stimulus additions out of the funding bill to make the bill easier
READ STORY[PODCAST] EU Open Rundown 4th September 2020
APAC stocks took the downbeat lead from Wall Street, which saw the Nasdaq shed over 5% amid the stock routWhite House Chief of Staff Meadows said they are eyeing a number of other Chinese apps regarding threatsUK Chancellor Sunak was warned that rebels in the UK Conservative Party will vote against
READ STORY[PODCAST] US Open Rundown 3rd September 2020
European stocks remain in firm positive territory, but US equity futures diverge from counterparts across the pondUS Senate Majority Leader McConnell suggested doubts on whether Congress can get an agreement of a COVID-19 relief bill when Congress returns to Washington from the recessTop ECB officia
READ STORY[PODCAST] EU Open Rundown 3rd September 2020
APAC stock markets traded mostly higher after a firm lead from Wall Street; but gains in China fadedTop ECB officials are said to be concerned of a strengthening EUR; a council member said the EUR rise will likely require the ECB to further cut inflation projections next weekEuropean Centre for Dise
READ STORY[PODCAST] US Open Rundown 2nd September 2020
European bourses are elevated this morning shaking off the mixed APAC handover and taking direction from Wall St.US Secretary of State Pompeo said to expect an administration announcement in the coming days or weeks on ChinaUS House Speaker Pelosi’s office that there was no agreement on areas of fun
READ STORY[PODCAST] EU Open Rundown 2nd September 2020
Asian equity markets were mixed as the region partially sustained the momentum from the fresh record highs on Wall St.In FX markets, the DXY has reclaimed 92.00, EUR/USD sits just above 1.19 and GBP/USD trades just below 1.34ECB’s Lane says the ECB does not target the FX rate but the EUR/USD rate do
READ STORY[PODCAST] US Open Rundown 1st September 2020
Stocks have been modestly choppy but generally rangebound throughout the morning; currently, US futures are firmer with Nasdaq outperformanceChina’s Caixin Manufacturing PMI beat & EZ CPI dropped into negative territoryUS Treasury Secretary Mnuchin said House Speaker Pelosi and Senate Minority L
READ STORY[PODCAST] EU Open Rundown 1st September 2020
Asian equities traded cautiously as the region took its cue from the losses seen across most global counterpartsChinese Caixin Manufacturing PMI (Aug) 53.1 vs. Exp. 52.6 (Prev. 52.8); highest since January 2011USD-selling persisted in Asia trade in which the DXY retreated below 92.00 to extend on 2-
READ STORY[PODCAST] US Open Rundown 31st August 2020
European bourses are modestly firmer but off highs as month-end approachesDXY is attempting to stage a recovery as FX peers remain mixed amidst the UK Summer Bank HolidayUS FDA Commissioner Hahn commented that he is willing to fast track a vaccine for COVID-19Chinese PLA troops reportedly violated p
READ STORYNEWSQUAWK WEEK AHEAD PREVIEW: Highlights include US jobs report, ISM surveys; China PMIs; EZ inflation, retail sales, unemployment; RBA, Aus GDP, retail sales
MON: UK Holiday; Japanese Industrial Operating Profit (Prelim/July), Chinese NBS Manufacturing & Non-Manufacturing PMI (Aug), Japanese Consumer Confidence Index (Aug), German CPI (Prelim/Aug), Import Prices (July), Canadian Producer Prices (July), US Dallas Fed Manufacturing Business Index (Aug)
READ STORY[PODCAST] EU Open Rundown 31st August 2020
Asian equity markets were mostly higher amid tailwinds from last Friday’s gains on Wall St; Japan outperformedByteDance will need the Chinese government’s approval to sell TikTok’s US operationsUS is to declassify documents today which will provide detail regarding security assurances to TaiwanUK is
READ STORY[PODCAST] US Open Rundown 28th August 2020
Japanese PM Abe announced a surprise resignation due to ill health; will remain as PM until successor is announcedEuropean equities see mixed trade, with futures modestly softer, whilst E-mini S&P briefly topped 3,500USD/JPY fell in wake of news of PM Abe’s resignation; DXY losses accelerated am
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