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[PODCAST] US Open Rundown 7th July 2020
Sentiment remains subdued as stocks slip and the DXY dominates amidst a busy session in-spite of a quiet schedule with COVID-19 at the forefrontMelbourne, Australia has been placed under lockdown restrictions for 6-weeks given COVID-19European Commission cut EZ growth forecasts for 2020 & 2021 d
READ STORY[PODCAST] EU Open Rundown 7th July 2020
APAC stocks traded mixed in what was a choppy session; Mainland China remained positiveChinese officials are said to believe that if they keep ramping up US agriculture purchases it will help keep the Phase One deal alive, sourcesEU’s Chief Brexit Negotiator Barnier said the EU is willing to accept
READ STORY[PODCAST] US Open Rundown 6th July 2020
Sentiment remains supported but has slipped somewhat after stellar Chinese trade session in comparatively quiet European hoursChina’s Securities Times remarked that fostering a healthy bull market following the COVID-19 pandemic is now more important than ever to the economyChina is braced for possi
READ STORY[PODCAST] EU Open Rundown 6th July 2020
Asian equity markets and US equity futures began the week mostly firmer; Hong Kong and Mainland China surgedUS CDC reported 52,228 new coronavirus cases and 271 deaths; Florida coronavirus cases rose by 10,059 and Texas cases rose by 3,449US Officials intend to promote a new study showing promising
READ STORY[PODCAST] EU Open Rundown 3rd July 2020
Asian equity markets were mostly higher after a positive post-NFP close on Wall St., albeit stocks finished off best levelsUS COVID-19 cases rose yesterday by over 54k, Texas hospitalizations rose to a 4th consecutive high with Governor Abbot imposing a mandatory face mask requirementChinese Caixin
READ STORY[PODCAST] US Open Rundown 2nd July 2020
Sentiment remains stronger this morning following a positive APAC handover ahead of today’s heavy US data slateDXY is softer below the 97.00 handle to the benefit of most major peers while the core debt complex is marginally firmerSenior EU official is to publish a compromise EU budget and Recovery
READ STORY[PODCAST] EU Open Rundown 2nd July 2020
Asian equity markets traded positively after the region took advantage of the mild tailwinds from Wall StFOMC Minutes saw the Fed reiterate its commitment to utilizing a full range of tools to support the economyMinutes also noted that participants generally indicated support for outcome-based forwa
READ STORY[PODCAST] US Open Rundown 30th June 2020
Price action has been choppy on month, quarter and half-year end; European bourses are subdued with US futures posting similar performanceChina's legislature passed the Hong Kong security law as expected; further details expected later todayUS Commerce Secretary Ross said regulations providing prefe
READ STORY[PODCAST] EU Open Rundown 30th June 2020
Asian equity markets traded higher as the region took its cue from the firm performance on Wall StChinese Manufacturing PMI and Non-Manufacturing PMI topped estimatesChina's legislature passed the Hong Kong security law as expected. US Commerce Secretary announced that HK’s special status is revoked
READ STORY[PODCAST] US Open Rundown 29th June 2020
Choppy price action seen across equities heading into month/quarter/HY-endCalifornia Governor Newsom told Imperial County to shut back down amid the COVID-19 surge and ordered 7 counties including LA to close barsUS and China will place tit-for-tat visa restrictions on individuals over Hong KongIn F
READ STORY[PODCAST] EU Open Rundown 29th June 2020
Focus remains on the COVID-19 case count with the number of infections in the US now surpassing 2.5mlnAs such, Asian bourses began the week lower across the board with some areas in the US back-pedaling on reopening measuresThe DXY heads into the EU open on the backfoot with GBP an outperformer in t
READ STORY[PODCAST] US Open Rundown 26th June 2020
Sentiment remains somewhat choppy as European bourses post gains over 1% while US futures are flat/mixed but have been grinding higher recentlyFederal Reserve stress tests results stated that the Fed is to cap dividend payments and ban share repurchases in Q3 for 34 of the largest banks; US banks ar
READ STORY[PODCAST] EU Open Rundown 26th June 2020
Asia-Pac equity markets traded mostly higher as the region took impetus from Wall St's financial-led gains after US regulators approved the relaxing of Volcker rulesHowever, some advances in banking names retraced after-market following the Fed stress testsFed stress tests results stated that the Fe
READ STORY[PODCAST] US Open Rundown 25th June 2020
Choppy trade throughout the European session amid a lack of fresh fundamental catalysts ahead of key eventsUS experienced its largest single day increase in new COVID-19 cases of more than 36,000US President Trump is losing "significant" ground in six battleground states that secured his 2016 electo
READ STORY[PODCAST] EU Open Rundown 25th June 2020
Asian stocks suffered from spillover selling after the weakness seen in global counterparts amid mounting COVID-19 concerns statesideUS experienced its largest single day increase in new COVID-19 cases of more than 36,000University of Washington IHME study forecasts US coronavirus cases to pick up i
READ STORY[PODCAST] US Open Rundown 24th June 2020
Sentiment is downbeat with US futures faring better than EU peers, following a tentative APAC session before stocks deteriorated in EU hours amid USTR updatesUS is reportedly targeting USD 3.1bln of exports from France, Germany, Spain and the UK with new tariffs; newsflow which sparked further risk-
READ STORY[PODCAST] EU Open Rundown 24th June 2020
Asian equity markets traded with a slight positive bias after momentum from global peers provided the initial constructive setting for the regionThis followed a positive lead from Wall St. where the Nasdaq printed all-time highs, although some gains were trimmed as US COVID concerns mountedA Texas C
READ STORY[PODCAST] US Open Rundown 23rd June 2020
Sentiment is firmer this morning after EZ PMIs and following overnight US-China volatility which prompted a swift clarification from Officials and President TrumpWhite House Trade Advisor Navarro said the US-China trade deal is over due to Beijing not alerting the US on COVID-19 soonerHowever, Navar
READ STORY[PODCAST] EU Open Rundown 23rd June 2020
Asian equity markets traded mostly positive, but risk sentiment overnight saw volatility amid comments from White House Trade Adviser NavarroWhite House Trade Adviser Navarro said the trade deal with China "is over", but later clarified his comments were taken out of contextUS President Trump tweete
READ STORY[PODCAST] US Open Rundown 22nd June 2020
European bourses are off lows in choppy trade but have pulled-back slightly to unchanged/mixed; stateside, futures are firmer but off highsGermany coronavirus reproduction rate surged to 2.88 on Sunday from 1.79 the day before based on a 4-day average, while the 7-day average was 2.03; albeit, cavea
READ STORY[PODCAST] EU Open Rundown 22nd June 2020
Asian equity markets began the week cautiously as sentiment was clouded by reports of increasing COVID-19 infections rates globallyWHO reported the largest singe-day increase of global infections, US cases rose above the 7-day average and Germany’s r-value stands at 2.88The PBoC maintained its 1-yea
READ STORY[PODCAST] US Open Rundown 19th June 2020
European bourses and US futures have been choppy with spurs of volatility on quad witching but retain an underlying bidTexas coronavirus cases rose by 3516 to a total of nearly 100,000 which was the largest daily increase on record for the stateChina is reportedly planning to step up purchases of US
READ STORY[PODCAST] EU Open Rundown 19th June 2020
Asian equity markets attempted to shrug-off Wall Street’s pre-quadruple witching indecision with a slightly upbeat tone seen in the regionUS Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Stilwell said China’s attitude in Hawaii talks cannot be described as forthcoming
READ STORY[PODCAST] US Open Rundown 18th June 2020
US futures are mixed/flat in a choppy session for sentiment thus far which has been dictated by a downbeat APAC handover and further COVID-19 updatesThe COVID-19 outbreak in Beijing is now under control, according to a Chinese CDC expert – subsequently, caveated that more cases will emerge in the co
READ STORY[PODCAST] EU Open Rundown 18th June 2020
Asian stocks traded mostly negative following a predominantly softer handover from Wall St. where focus remains on the COVID-19 case countUS-China tensions also remained in focus as China responded to President Trump’s recent signing of the Uighur human rights legislationThe DXY was relatively flat
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