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[PODCAST] EU Open Rundown 2nd April 2020
Asian equity markets traded mixed after a weak handover from Wall St where stocks finished the day with losses of more than 4%DXY relatively steady overnight with the greenback’s major counterparts contained ahead of weekly jobs figures from the USUS President Trump is to meet with the CEOs of US oi
READ STORY[PODCAST] US Open Rundown 1st April 2020
Sentiment is subdued this morning as the absence of month-end factors has seen focus return to the virusWhite House issued 30-day social distancing guidelines and President Trump commented that following social distancing guidelines for the next 30 days is a matter of life and deathSpanish coronavir
READ STORY[PODCAST] EU Open Rundown 1st April 2020
Asian equity markets traded mixed with sentiment cautious after Wall St wrapped up the worst quarterly performance in the S&P 500 since 2008In FX markets, the prior day’s retreat in the DXY was stemmed after finding support around the 99.00 levelOPEC members failed to unanimously agree on an eme
READ STORY[PODCAST] US Open Rundown 31st March 2020
Sentiment has generally been upbeat, but US futures are deteriorating as US players enter the marketChinese Manufacturing and Non-Manufacturing PMI topped estimates and the Composite PMI also printed in expansion territorySome downplayed the data given that it was a recovery from the prior month’s r
READ STORY[PODCAST] EU Open Rundown 31st March 2020
Asian equity markets were mostly higher (before trimming some gains) as the region took its cue from the gains on Wall St and Chinese PMI figuresChinese Manufacturing and Non-Manufacturing PMI topped estimates and the Composite PMI also printed in expansion territorySome downplayed the data given th
READ STORY[PODCAST] US Open Rundown 30th March 2020
European bourses have been choppy for much of the session, with similar performance seen in US futures; currently relatively unchaged on the dayUS President Trump announced that he is to extend federal guidelines on coronavirus to April 30th and that he sees deaths peaking in 2 weeksNIH’s Fauci proj
READ STORY[PODCAST] EU Open Rundown 30th March 2020
US House passed USD 2.2trln COVID-19 economic aid bill which President Trump signed on FridayUS President Trump announced that he is to extend federal guidelines on coronavirus to April 30th and that he sees deaths peaking in 2 weeksNIH’s Fauci projected the possibility of millions of coronavirus ca
READ STORY[PODCAST] US Open Rundown 27th March 2020
Sentiment remains subdued, in a turnaround from yesterday, as focus turns from stimulus measures back to rising virus case countsSpain's coronavirus cases increase to 64059 from 56188; deaths at 4858 from 4089US confirmed cases stand at 81,378 - highest in the world, according to a Reuters calculati
READ STORY[PODCAST] EU Open Rundown 27th March 2020
Major APAC bourses started the day on a firm footing but later waned off highs; ASX 200 underperformed· US House set a two-hour debate on coronavirus relief bill on Friday 0900 ET/1300 GMT, according to House officials· &nb
READ STORY[PODCAST] US Open Rundown 26th March 2020
European price action has been choppy equity-wise, as focus remains on the progression of stimulus as well as the rising COVID-19 countUS Senate voted unanimously (96-0) to pass the USD 2tln coronavirus response bill which sends the bill to the HouseUS House Majority Leader Hoyer's office stated the
READ STORY[PODCAST] EU Open Rundown 26th March 2020
US Senate voted unanimously (96-0) to pass the USD 2tln coronavirus response bill which sends the bill to the HouseUS House Majority Leader Hoyer's office stated the House will convene at 0900EDT on Friday to consider the billAsia equity markets traded cautiously amid headwinds from the US where mos
READ STORY[PODCAST] US Open Rundown 25th March 2020
European sentiment began firm but has since deteriorated significantly ahead of the US’ approach to marketUS Senate Majority Leader McConnell confirmed the they have reached a bipartisan deal and said the stimulus package would rush financial assistance to AmericansECB's Lagarde asked EZ Finance Min
READ STORY[PODCAST] EU Open Rundown 25th March 2020
US Senate Majority Leader McConnell confirms that a bipartisan stimulus deal has been reached; package is said to be worth USD 2.5trlAsian equity markets traded with firm gains as the region took impetus from the historic rally on Wall St where the DJIA jumped by over 2100 pointsESM's Regling said p
READ STORY[PODCAST] US Open Rundown 24th March 2020
Sentiment remains bolstered as more stimulus measures are touted, with US futures hitting limit-upUS President Trump said we will have an announcement soon as to timing of measures to ease coronavirus guidanceUS Treasury Secretary Mnuchin and Senate Democrat leader Schumer were optimistic for a deal
READ STORY[PODCAST] EU Open Rundown 24th March 2020
Asian equity markets were higher across the board as the region received much-needed reprieve from the recent sell-offUS equity futures have performed better after-hours with the Emini S&P and DJIA back above the 3k and 19k levels respectivelyUS Senate stimulus bill failed to get enough votes to
READ STORY[PODCAST] US Open Rundown 23rd March 2020
European bourses are subdued this morning, with US futures lifted off the limit-down level they touched overnightUS Senate voted 47-47 on the coronavirus bill which failed to reach the 60 votes required to pass the first procedural hurdleUS President Trump approved New York, Washington and Californi
READ STORY[PODCAST] EU Open Rundown 23rd March 2020
Asian stock markets mostly traded with hefty losses and US equity futures hit limit down amid further coronavirus-related disruptions and a rising death tollUS Senate voted 47-47 on the coronavirus bill which failed to reach the 60 votes required to pass the first procedural hurdleUS Senate Majority
READ STORY[PODCAST] US Open Rundown 19th March 2020
Sentiment was bolstered on the ECB measures; but failed to hold to the optimismECB announced EUR 750bln Pandemic Emergency Purchase Programme, conducted until end-2020Fed announced to launch mutual money market fund facility to lend to financial institutionsRBA lowered Cash Rate Target by 25bps to 0
READ STORY[PODCAST] EU Open Rundown 19th March 2020
Asian equity markets extended on losses with price action turbulent amidst ongoing coronavirus fears and disruptionsECB announced EUR 750bln Pandemic Emergency Purchase Programme, conducted until end-2020Fed announced to launch mutual money market fund facility to lend to financial institutionsRBA l
READ STORY[PODCAST] US Open Rundown 18th March 2020
US Equity futures have resided at limit-down throughout the European sessionDebt complex has been heavily subdued while the DXY has printed fresh YTD highsFed established a primary dealer facility to support market function beginning March 20th which will last at least 6 months for 90-day loansForme
READ STORY[PODCAST] EU Open Rundown 18th March 2020
Asian equity markets were indecisive as the region failed to sustain the rebound on Wall St from its worst sell-off since 1987UK Chancellor Sunak announced new measures including cash grants, tax holidays, mortgage moratoriums and lending facilitiesCanada is to announce a CAD 27bln economic and aid
READ STORY[PODCAST] US Open Rundown 17th March 2020
European equities found mild reprieve following touted US stimulus measures; Spain’s IBEX outperforms on short-selling banUS Treasury Secretary Mnuchin is said to be seeking USD 850bln package or more of stimulus, according to Politico citing sourcesIn FX, the Greenback gains more ground above 99.00
READ STORY[PODCAST] EU Open Rundown 17th March 2020
Asia-Pac equity markets traded mixed and US equity futures hit limit up overnight as stock markets attempted to nurse the recent heavy lossesUS President Trump suggested the worst of the virus outbreak could be over by July/August, perhaps laterUS Treasury Secretary Mnuchin met with GOP Senators and
READ STORY[PODCAST] US Open Rundown 16th March 2020
FOMC cut the Fed Funds Rate 100bps to 0.00%-0.25% and launched a USD 700bln QE programRBNZ lowered the OCR by 75bps to 0.25% in an emergency meeting and stated that the OCR is to remain at 0.25% for at least a yearBoJ held an emergency monetary policy meeting in which it kept short-term rates at -0.
READ STORY[PODCAST] EU Open Rundown 16th March 2020
FOMC cut the Fed Funds Rate 100bps to 0.00%-0.25% and launched a USD 700bln QE programBank of Canada cut its key overnight interest rate by 50bps to 0.75% from 1.25% and stands ready to adjust monetary policy further if requiredRBNZ lowered the OCR by 75bps to 0.25% in an emergency meeting and state
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