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[PODCAST] EU Open Rundown 24th July 2020
Asia-Pac stocks traded lower across the board after a similar performance on Wall St; Mainland China underperformedChina has confirmed it will be asking the US to close the Chengdu consulate in response to the closure of the Chinese consulate in US, as speculatedThe head of the Chinese consulate in
READ STORY[PODCAST] US Open Rundown 23rd July 2020
Sentiment remains supported after strong EU earnings & as US-China tensions haven’t escalated furtherUS President Trump said it is possible for more Chinese consulates in the US to be closed while China is reportedly moving to close the US consulate ChengduMSFT beat on EPS & revenue but trad
READ STORY[PODCAST] EU Open Rundown 23rd July 2020
Asia-Pac stocks traded mostly lower with Mainland China weighed on by the escalating tensions with USUS President Trump said it is possible for more Chinese consulates in the US are to be closedChina is reportedly moving to close the US consulate in Chengdu in retaliation for the closure of the Chin
READ STORY[PODCAST] US Open Rundown 22nd July 2020
Sentiment remains softer after mixed APAC performance and US-China tensions, but US futures have begun to edge higherUS asked China to close their Houston consulate which prompted backlash from China and threats of retaliatory actionUS Treasury Secretary Mnuchin hopes to get a new COVID-19 bill pass
READ STORY[PODCAST] EU Open Rundown 22nd July 2020
Asia-Pac stocks traded mixed amid a similar performance on Wall Street; Mainland China outperformed; Australia laggedThe Telegraph reports that the UK is close to abandoning hopes on a post-Brexit EU trade deal; whilst a UK-US trade deal is unlikely before the US electionUS Treasury Secretary Mnuchi
READ STORY[PODCAST] US Open Rundown 21st July 2020
Sentiment remains strong after similar APAC performance & EU recovery package agreementEU leaders have reached an agreement on a EUR 1.82tln budget and recovery packageChina urged UK to stop interfering in Hong Kong affairs and stated UK will bear consequences if it insists on going down the wro
READ STORY[PODCAST] EU Open Rundown 21st July 2020
APAC stocks traded with firm gains, fuelled by the tech rally on Wall Street; Mainland China took a breather from yesterday’s outperformanceEU leaders have reached an agreement on a EUR 1.82tln budget and recovery packageChina urged UK to stop interfering in Hong Kong affairs and stated UK will bear
READ STORY[PODCAST] US Open Rundown 20th July 2020
Sentiment has strengthened in Europe but remains mixed/flat stateside as we await the EU Council recommencementEU leaders are yet to formally agree on the scale of grants in the Recovery Fund as talks enter a fourth day, leaders will reconvene today at 16:00CEST/15:00BSTFrugal EU members have furthe
READ STORY[PODCAST] EU Open Rundown 20th July 2020
Asia-Pac stocks traded choppy following a mixed lead from Wall Street; Mainland China outperformedEU leaders are yet to formally agree on the scale of grants in the Recovery Fund as talks enter a fourth day, leaders will reconvene today at 16:00CEST/15:00BSTFrugal EU members have further eased their
READ STORY[PODCAST] US Open Rundown 17th July 2020
European bourses are modestly firmer heading into US’ players arrival but trade for the morning has been tepid & without convictionInitial comments heading into the EU Summit include Dutch PM Rutte ascribing less than 50% chance to a deal and Merkel noting negotiations are toughTexas Governor Ab
READ STORY[PODCAST] EU Open Rundown 17th July 2020
Asian equity markets were mixed as efforts to recoup the prior day’s losses were fettered by the record increases in coronavirus numbers in US and abroadTexas Governor Abbot pushed back on rumours over a potential shutdown in the state, whilst the Miami Mayor suggested a stay at home order could be
READ STORY[PODCAST] US Open Rundown 16th July 2020
Sentiment remains somewhat sour in a mild pull-back from vaccine induced upside after mixed APAC data pre-ECB & US dataChinese GDP and Industrial Production topped estimates whilst Retail Sales disappointed and showed a surprise contractionUS is reportedly considering a travel ban on members of
READ STORY[PODCAST] EU Open Rundown 16th July 2020
Asian stocks traded mostly negative as recent vaccine optimism that underpinned global stocks took a back seat to the slew of tier-1 releases in the regionChinese GDP and Industrial Production topped estimates whilst Retail Sales disappointed and showed a surprise contractionNIH's Fauci said the US
READ STORY[PODCAST] US Open Rundown 15th July 2020
Sentiment remains strong following on from multiple COVID-19 vaccine updates ahead of US’ entranceModerna (MRNA) COVID-19 vaccine produced antibodies in all patients tested in the initial study, according to reportsUS President Trump said he signed legislation and an executive order to hold China ac
READ STORY[PODCAST] EU Open Rundown 15th July 2020
Asian equity markets were mostly positive as regional bourses tracked the cyclical-led gains in US peersModerna (MRNA) COVID-19 vaccine produced antibodies in all patients tested in an initial study, according to reportsUS President Trump said he signed legislation and an executive order to hold Chi
READ STORY[PODCAST] US Open Rundown 14th July 2020
Sentiment is subdued in Europe, but off lows, as US futures remain robust ahead of US bank earningsChina's Foreign Ministry intends to apply sanctions on Lockheed Martin (LMT) over arms sales to TaiwanTrump’s advisors have outruled breaking the USD/HKD peg while China says the US accusations over th
READ STORY[PODCAST] EU Open Rundown 14th July 2020
Asian equity markets traded negatively with sentiment dampened following choppy performance statesideCalifornia Governor Newsom ordered a shutdown of indoor restaurants, bars, movie theatres and other businesses across the stateThe US has denounced China's claims to the South China Sea as unlawfulTh
READ STORY[PODCAST] US Open Rundown 13th July 2020
Sentiment remains firm but European bourses are off highs while US futures remain steady with gains of 0.5%Weekend updates saw a record rise in global COVID-19 cases, whilst Florida saw its largest increase in cases since the pandemic beganUS is reportedly weighing limited options to sanction China
READ STORY[PODCAST] EU Open Rundown 13th July 2020
Asian equity markets began the week mostly positive as the region benefitted from the recent tailwinds from Wall St.Weekend updates saw a record rise in global COVID-19 cases, whilst Florida saw its largest increase in cases since the pandemic beganUS is reportedly weighing limited options to sancti
READ STORY[PODCAST] US Open Rundown 10th July 2020
Choppy end to the week for stocks amidst a flurry of updates as debt remains in demand & dollar dipsUS is said to be mulling a tariff list against France for around USD 500-700mln in goodsTexas COVID-19 cases increased by the most since the pandemic began and the Governor predicts next week will
READ STORY[PODCAST] EU Open Rundown 10th July 2020
Asian stock markets were negative following a lacklustre performance across global peersLarge-cap Chinese shares were pressured after two state-backed funds said they plan to trim holdingsUS coronavirus cases rose by at least 60,565 which was a 2nd consecutive record increaseUS is said to be mulling
READ STORY[PODCAST] US Open Rundown 9th July 2020
European bourses and US equity futures are mixed; DAX and IT sector outperforms after SAP’s prelim resultsUS coronavirus cases rose by more than 60,000 for a record daily increase according to a major newswire tally; Texas death rise was the largest since the pandemic beganChina’s Foreign Minister s
READ STORY[PODCAST] EU Open Rundown 9th July 2020
Asian equity markets traded mostly higher as the region took its cue from the positive rollover from Wall StreetChina’s Foreign Minister said China is willing to develop ties with the US but relations face serious challengesAustralia is to suspend the extradition agreement with Hong Kong; New Zealan
READ STORY[PODCAST] US Open Rundown 8th July 2020
Price action has been choppy amid a lack of fresh fundamentals ahead of a quiet US scheduleEuropean bourses are lower but remain within session ranges with US futures posting similar performance but erring closer to the U/C mark at presentCalifornia and Texas reported record daily COVID-19 cases, ac
READ STORY[PODCAST] EU Open Rundown 8th July 2020
APAC equity markets were mixed; ASX 200 lagged as Australia’s 2nd largest city heads into a 6-week lockdownCalifornia and Texas reported record daily COVID-19 cases, according to reportsPresident Trump’s aides were said to propose undermining the USD/HKD peg; the idea had not been put forward to the
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