Daily Archives: July 27, 2020

Americas

U.S. Pace of New Cases Slows (3 p.m. NY) – Bloomberg
*Confirmed cases rose by 65,965 in the latest daily count, a 1.6% increase that’s less than the 1.8% average over the previous seven days.
*Link: https://t.co/7CgacyABJs pic.twitter.com/2TchJP7UOG

— Christophe Barraud (@C_Barraud) July 27, 2020

Kudlow says coronavirus relief will include $1,200 checks and extension of eviction moratorium – CNBChttps://t.co/3J5y8Vmz5r

— Christophe Barraud (@C_Barraud) July 26, 2020

#GOP Targets 70% Wage Replacement in Stimulus Bill, Aides Say – Bloomberghttps://t.co/6EGMzFWHme

— Christophe Barraud (@C_Barraud) July 27, 2020

Senate Republicans grow weary with #WhiteHouse over stimulus bill – Axioshttps://t.co/ifIhMVtVbM

— Christophe Barraud (@C_Barraud) July 27, 2020

Deteriorating relations with #China put US companies on edge – The Hillhttps://t.co/nUnV8FhkvN

— Christophe Barraud (@C_Barraud) July 27, 2020

Asia

#Asia battles second wave of #coronavirus with fresh lockdowns – Reutershttps://t.co/kGUjTYX0aU

— Christophe Barraud (@C_Barraud) July 27, 2020

#Australia’s #Victoria Gripped in Second-Wave with New Case Record – Bloomberghttps://t.co/pXxsTW6VHn

— Christophe Barraud (@C_Barraud) July 27, 2020

#China Reports Biggest Virus Spike Since End of Wuhan Outbreak – Bloomberg
*Local cases hit highest in at least four months amid flareups.https://t.co/T0VBXpDu6c

— Christophe Barraud (@C_Barraud) July 27, 2020

#HONGKONG TO REQUIRE MASK-WEARING OUTDOORS FROM WED.: TV – BBG
*HONG KONG EXCO AGREES TO BAN ALL DINE-IN SERVICE FROM WED.: TV

— Christophe Barraud (@C_Barraud) July 27, 2020

#Vietnam to evacuate 80,000 people from #Danang after virus outbreak – Reutershttps://t.co/USc6Uezxix

— Christophe Barraud (@C_Barraud) July 27, 2020

Europe

#Italy warns of autumn funding crisis as #EU summit claims unravel – The Telegraphhttps://t.co/GdQFjpPhJg

— Christophe Barraud (@C_Barraud) July 27, 2020

#Bundesbank President Raises Concerns on EU Stimulus, Funke Says – Bloomberghttps://t.co/cPlV91el09

— Christophe Barraud (@C_Barraud) July 27, 2020

Africa

#Morocco will stop people entering and leaving some of its biggest cities from midnight to contain a surge in COVID-19 cases, the interior and health Ministries said on Sunday – Reutershttps://t.co/IMNHiFIyOc

— Christophe Barraud (@C_Barraud) July 27, 2020

Summary Key Macro (And Corporates) Events

#GOP package details (27)

Amazon, Apple, Facebook and Google CEO hearing (29)

#Fed meeting (29)

Alphabet, Amazon, Apple, Facebook earnings (30)

2Q GDP (30)

2Q GDP (31)

July CPI YoY  (31)

 


 

Fed policy meeting, US tech earnings, growth figures https://t.co/4VoHYjJ8Sx

— FT Economics (@fteconomics) July 26, 2020

Here comes one of the newsiest and most critical weeks of the summer for markets – CNBChttps://t.co/vC1kjmRGIj

— Christophe Barraud (@C_Barraud) July 26, 2020

#Fed Poised for Summer Pause as Congress Talks: Eco Week Ahead – Bloomberghttps://t.co/Fr3BcMcela

— Christophe Barraud (@C_Barraud) July 26, 2020

Manufacturing, GDP and Fed policy reports are part of a busy week for economic data https://t.co/7iloXwHWar

— Real Time Economics (@WSJecon) July 26, 2020

Schedule for Week of July 26, 2020 https://t.co/kZaSmLf6uI The key report this week is the advance estimate of Q2 GDP.

The FOMC meets this week, and no change to policy is expected.

— Bill McBride (@calculatedrisk) July 25, 2020

FOMC Preview https://t.co/7zMbPs877D

— Bill McBride (@calculatedrisk) July 26, 2020

Amazon, Apple, Facebook and Google CEO hearing rescheduled to Wednesday – CNBChttps://t.co/VfI5fPQaAi

— Christophe Barraud (@C_Barraud) July 26, 2020

*FACEBOOK RESCHEDULES RELEASE OF 2Q 2020 FINL RESULTS & CALL – BBG
*FACEBOOK TO RELEASE FINL RESULTS AFTER MARKET CLOSE ON JULY 30
*ZUCKERBERG SCHEDULED TO PROVIDE TESTIMONY ON JULY 29https://t.co/8Z47P3Vhbd

— Christophe Barraud (@C_Barraud) July 27, 2020

Developing nations have lowered borrowing costs by a combined 5,510 basis points since the beginning of 2019 according to data compiled by Bloomberg.
*Link: https://t.co/9YZEvoa1zu
*More interesting charts: https://t.co/UQNkvw4xrApic.twitter.com/BX9OnZmuKv

— Christophe Barraud (@C_Barraud) July 27, 2020

#Precious Metals are surperforming Commodity Index as Central Banks Keep Expanding Balance Sheet – Bloomberg TV chart pic.twitter.com/aAf8aMnvOU

— Christophe Barraud (@C_Barraud) July 27, 2020

Not only is gold at record highs, but it's also entering what has been a strong time of year for the metal. pic.twitter.com/3GPGr6oFtq

— Bespoke (@bespokeinvest) July 27, 2020

A Mighty Short Squeeze May Be Building in #Gold – Bloomberg (by @johnauthers)
*Interesting chart from @Lvieweconomics
*Link: https://t.co/gLil3wDJsU pic.twitter.com/sYt171Timr

— Christophe Barraud (@C_Barraud) July 27, 2020

Rates Volatility (MOVE Index) hit a new all-time record low.

History shows periods of low Vol preceded some BIG moves in Rates. Either way, the calm didn't last.

Also important: spikes in Rates Vol impacted all assets – Stocks a prime example, especially in recent years. pic.twitter.com/s3DSULPKc4

— Macro Charts (@MacroCharts) July 27, 2020