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[PODCAST] EU Open Rundown 28th August 2020
Japanese PM Abe is reportedly planning to resign due to health reasons, according to NHK; press conference scheduled for 09:00BSTAsian bourses eventually traded mixed; E-mini S&P rose above 3,500, Nikkei 225 briefly fell as much as 2.5%USD/JPY fell in wake of news of PM Abe’s resignation; DXY lo
READ STORY[PODCAST] US Open Rundown 27th August 2020
European stocks drift lower despite a lack of fresh catalysts ahead of Fed Chair PowellUS Republicans are reportedly refining the new 'skinny' stimulus proposal which would not include stimulus checks and would be valued at USD 500blnUS Defense Secretary Esper said Beijing has repeatedly failed to k
READ STORY[PODCAST] EU Open Rundown 27th August 2020
Asian equity markets traded mixed after failing to take full impetus from the fresh record highs statesideUS Defense Secretary Esper said Beijing has repeatedly failed to keep promises to adhere to international laws, whilst a US official stated that US actions regarding the South China Sea are a me
READ STORY[PODCAST] US Open Rundown 26th August 2020
European bourses modestly strengthened from a soft open after a weak APAC handover amidst quiet newsflowNHC says Laura is set to rapidly strengthen to a Category 4 hurricaneSalesforce (CRM) beat on top and bottom lines and are some 12% higher in the pre-marketDXY holds 93.00 with major peers mixed b
READ STORY[PODCAST] EU Open Rundown 26th August 2020
Asian equity markets traded cautiously amid a lack of fresh macro drivers and following on from the somewhat choppy performance of US counterpartsIn FX, the DXY rebounded from support around 93.00, dragging EUR/USD towards 1.18 and GBP/USD below 1.3150WTI crude futures plateaued just south of the US
READ STORY[PODCAST] US Open Rundown 25th August 2020
European bourses remain positive after a mixed APAC lead with US futures modestly positive as wellUSTR Lighthizer and Treasury Secretary Mnuchin spoke with China Vice Premier Liu He on Monday regarding implementation of the Phase 1 trade agreementOfficials from both sides see progress and are commit
READ STORY[PODCAST] EU Open Rundown 25th August 2020
Asian equity markets traded mostly higher as the region took impetus from the fresh record highs on Wall StUSTR Lighthizer and Treasury Secretary Mnuchin spoke with China Vice Premier Liu He on Monday regarding implementation of the Phase 1 trade agreementOfficials from both sides see progress and a
READ STORY[PODCAST US Open Rundown 24th August 2020
Equities build on a firm APAC handover as newsflow slows this morningFDA authorized the emergency use of convalescent plasma as treatment for hospitalized COVID-19 patientsPresident Trump is considering fast tracking the UK vaccine which is currently being developed by AstraZeneca before the electio
READ STORYWeek Ahead, 21 August 2020: Jackson Hole, RNC, personal income/spending, consumer confidence, Aus capex, NZ retail sales, Canada GDP, BOK
<p><strong>Highlights include Fed’s Jackson Hole conference; RNC; US personal spending/consumption, consumer confidence; Aus capex; NZ retail sales; Canada GDP, BOK rate decision</strong></p>
READ STORY[PODCAST] EU Open Rundown 24th August 2020
Asian equity markets traded mostly positive and E-mini S&P topped 3,400US FDA authorized the emergency use of convalescent plasma as treatment for hospitalized COVID-19 patientsChina launched the emergency use of COVID-19 vaccines which are going through clinical trialsAustralia's Victoria State
READ STORY[PODCAST] US Open Rundown 21st August 2020
Sentiment largely undeterred on EZ flash PMIs but currently bourses are mid-range and modestly firmer in quiet newsflowEZ PMIs were softer than expected, with French Manufacturing dropping into contractionary territoryUK Retail Sales & PMIs were strong; however, DXY remains firm above 93.00 as C
READ STORY[PODCAST] EU Open Rundown 21st August 2020
Asian equity markets traded mostly positive as the region benefitted from the tech-led gains on Wall StBrexit talks are set to end without a breakthrough this week, albeit the UK has reportedly submitted a draft FTAIn FX markets, the DXY gave back some gains, providing mild reprieve for EUR/USD and
READ STORY[PODCAST] US Open Rundown 20th August 2020
Sentiment remains soft after less accommodative FOMC minutes and US-China tensions remain in focusChina's Foreign Ministry have decided Hong Kong will be suspending agreements with the US on some areas of legal cooperationAustralia is reportedly to block China's Mengniu Dairy's proposed AUD 600mln t
READ STORY[PODCAST] EU Open Rundown 20th August 2020
Asian equity markets traded lower across the board amid headwinds from Wall St where stocks faltered in the aftermath of the less accommodative than expected FOMC MinutesFOMC minutes mentioned the ongoing framework review but lacked any timing of its release and there also appeared to be no clear co
READ STORY[PODCAST] US Open Rundown 19th August 2020
A non-committal European session thus far with bourses within ranges and modestly firmer at presentPresident Trump stated that he postponed talks with China and does not want to talk with China right nowBrexit trade discussions are reportedly set to stall again after Brussels dismissed UK demands fo
READ STORY[PODCAST] EU Open Rundown 19th August 2020
Asian equity markets sustained the mixed lead from their counterparts on Wall St where the S&P 500 and Nasdaq notched fresh record intraday highsPresident Trump stated that he postponed talks with China and does not want to talk with China right nowBrexit trade discussions are reportedly set to
READ STORY[PODCAST] US Open Rundown 18th August 2020
European bourses have been erring marginally higher throughout the session, with similar performance for US futures; amidst quiet newsflowDXY remains pressured and dropped briefly to a new YTD trough, as such major FX peers are largely firmer this morningSenate Republicans are planning to propose a
READ STORY[PODCAST] EU Open Rundown 18th August 2020
Asian equity markets traded mixed following a similar indecisive performance for stocks on Wall StOracle (ORCL) has reportedly joined the pursuit to purchase TikTok's US operationsIn FX, the DXY further retreated below 93.00, broadly providing support to its major counterpartsWhite House Chief of St
READ STORY[PODCAST] US Open Rundown 17th August 2020
European stocks are choppy amidst minimal news-flow, Spain’s IBEX underperforms; US futures modestly firmerUS President Trump issued a new order on ByteDance to divest itself of any assets used to support the TikTok app in the US within 90 days.One source suggested the US-China meeting was delayed a
READ STORY[PODCAST] EU Open Rundown 17th August 2020
Asian equity markets began the week somewhat mixed following the indefinite postponement of the US-China trade agreement review talksThe US-China six-month review of the trade agreement was delayed due to scheduling issues and a new date was not yet set, according to sourcesUS President Trump increa
READ STORY[PODCAST] US Open Rundown 14th August 2020
Sentiment has slipped as COVID updates and soft China data dented an otherwise quiet session as DXY and USTs see modest upsideChinese Industrial Production & Retail Sales for July both missed expectationsNew Zealand PM Arden says the Auckland restrictions are to be extended for an extra 12 days;
READ STORY[PODCAST] EU Open Rundown 14th August 2020
Asian equity markets head into the weekend mixed as the region took its cue from the lackadaisical performance in global peersChinese Industrial Production and Retail Sales missed expectationsIn FX, the DXY has consolidated after a brief dip below 93.00, EUR/USD and GBP/USD maintain 1.1800 and 1.305
READ STORY[PODCAST] US Open Rundown 13th August 2020
European bourses are softer after a mixed-APAC handover while US futures are little changed overall as newsflow remains relatively quietUSTR maintained import tariffs at 15% and 25% respectively for EU aircraft and other goods, with minor tweaks to the 25% tariff basketUS Treasury Secretary Mnuchin
READ STORY[PODCAST] EU Open Rundown 13th August 2020
Asian equity markets began mostly higher as the region took impetus from the tech-led gains on Wall StThe S&P 500 and Nasdaq moved to within close proximity of record highs, fuelled by strength across the big tech namesUS Trade Representative said the US is removing certain products from the UK
READ STORY[PODCAST] US Open Rundown 12th August 2020
European stocks trade flat/firmer amid a lack of fresh catalysts; DAX is pressured by its IT exposure whilst FTSE 100 outperformsUS President Trump said the government reached an agreement with Moderna (MRNA) for delivery of 100mln doses of its vaccine candidateUS Senator Kamala Harris has been chos
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