Daily Archives: August 3, 2020

#BOC #BOE #BOJ #ECB #FED | Latest data confirmed #G7 CBs combined balance sheet (BS) kept climbing in July (but at a slower pace than in June).
*#G7 CBs combined BS has grown by more than $6T since February. pic.twitter.com/I7bi7waxTH

— Christophe Barraud (@C_Barraud) August 3, 2020

#Gold has opened August just as it closed out July, with the price rallying to a record after real yields on 10-year Treasuries collapsed below -1% to an all-time low – Bloomberg
*More interesting charts: https://t.co/flWYoeKYWw pic.twitter.com/uedogOYY28

— Christophe Barraud (@C_Barraud) August 3, 2020

With 75% of companies reported, S&P 500 GAAP earnings down 48% over the last year, S&P 500 Sales down 12.8%. $SPX pic.twitter.com/jeHzzQG2Bm

— Charlie Bilello (@charliebilello) August 3, 2020

The Jobless recovery.

While governments celebrate rising PMIs, factories are still cutting jobs. pic.twitter.com/4ZRzZAZIS6

— Daniel Lacalle (@dlacalle_IA) August 3, 2020

Great bear market rallies…https://t.co/I0sxCw3zMC pic.twitter.com/fv9NEljKbE

— jeroen blokland (@jsblokland) August 3, 2020

Americas

Pelosi, Mnuchin point to disagreements on bailout deal to restore unemployment benefits to 30 million Americans – Washington Posthttps://t.co/wZRkZJWQAO

— Christophe Barraud (@C_Barraud) August 3, 2020

Meadows says he's "not optimistic" will be coronavirus deal in near term – CBShttps://t.co/fuQIPNOY0e

— Christophe Barraud (@C_Barraud) August 3, 2020

McConnell: 15-20 #GOP senators will not vote for any coronavirus deal – The Hillhttps://t.co/yJBsMBGfHT

— Christophe Barraud (@C_Barraud) August 3, 2020

U.S. to Act on #China Software Beyond #TikTok, Pompeo Says – Bloomberghttps://t.co/cLJKrFwqm3

— Christophe Barraud (@C_Barraud) August 3, 2020

Lord & Taylor, Oldest U.S. Department Store, Goes Bankrupt – Bloomberghttps://t.co/Lkg6rLGGWK

— Christophe Barraud (@C_Barraud) August 3, 2020

Asia

#CHINA JULY CAIXIN PMI #MANUFACTURING: 52.8 V 51.1E (3rd straight expansion, highest since Jan 2011)
*Link: https://t.co/wn1Qlnl0SW pic.twitter.com/ackEfJtJf1

— Christophe Barraud (@C_Barraud) August 3, 2020

#Manila | Philippine Capital Returns to Stricter Lockdown; Stocks Fall – Bloomberghttps://t.co/URfBOcsucF

— Christophe Barraud (@C_Barraud) August 3, 2020

The capital of Dak Lak province in #Vietnam’s coffee-producing Central Highlands is under a 14-day stay-at-home order as the country grapples with a sudden novel coronavirus outbreak.
*Link (Vietnamese): https://t.co/DhbBnvaKCn

— Christophe Barraud (@C_Barraud) August 3, 2020

#AUSTRALIA | #VICTORIA TO CLOSE RETAIL STORES FROM MIDNIGHT WEDNESDAY – BBG
*SOME MANUFACTURING SECTORS TO CLOSE IN METRO MELBOURNE
*VICTORIA WON'T CLOSE SUPERMARKETS, BANKS, POST OFFICES

— Christophe Barraud (@C_Barraud) August 3, 2020

Europe

#Coronavirus Cases Rise in #Europe as Youth Hit Beaches and Bars – WSJhttps://t.co/tKmB68HnsW

— Christophe Barraud (@C_Barraud) August 3, 2020

#ITALY TO PASS EU2-3B OF MEASURES TO BOOST CONSUMPTION: STAMPA

— Christophe Barraud (@C_Barraud) August 3, 2020

#POLAND PREPARES REGIONAL RESTRICTIONS TO CONTAIN COVID: MULLER – BBG

— Christophe Barraud (@C_Barraud) August 3, 2020

U.K. International Trade Secretary Liz Truss will meet with her U.S. counterpart Robert Lighthizer in Washington on Monday as part of the third round of talks to reach a trade deal between the two countries https://t.co/yOv4CCsb5f

— Bloomberg Economics (@economics) August 3, 2020

Summary Key Macro Events

/ trade talks (3)

election ruling (3)

ISM Manufacturing for July (3)

New Vehicle Sales for July (3)

RBA Meeting (4)

ISM Services for July (5)

BOE Meeting (6)

Employment Report for July (7)

 


 

Monetary Nerves Fray on Four Continents: Economy Week Ahead – Bloomberg
*Link: https://t.co/if8B15tZRc pic.twitter.com/Cr0eLzKQbG

— Christophe Barraud (@C_Barraud) August 2, 2020

US stimulus debate, Bank of England meets, jobs figures https://t.co/meGfH6lOkU

— FT Economics (@fteconomics) August 2, 2020

The jobs report and congressional politics may matter more for markets than earnings in the week ahead https://t.co/0yYB0jQPK8 pic.twitter.com/A853afX1jG

— Patti Domm (@pattidomm) July 31, 2020

U.K. International Trade Secretary Liz Truss will meet with her U.S. counterpart Robert Lighthizer in Washington on Monday as part of the third round of talks to reach a trade deal between the two countries https://t.co/yOv4CCsb5f

— Bloomberg Economics (@economics) August 3, 2020

 


 

Focus on Economic Calendar

Schedule for Week of August 2, 2020 https://t.co/IrVKnixUe3 pic.twitter.com/gkRto57Mvc

— Bill McBride (@calculatedrisk) August 1, 2020

The U.S. jobs report for July will cap a full week of data that should shed light on the global pace of recovery from the recession triggered by Covid-19 https://t.co/Xf4QtelfZp

— Real Time Economics (@WSJecon) August 2, 2020

#Autos | U.S. New Vehicle Sales Are Expected to Keep Rebounding In July Despite Virus Resurgence
https://t.co/XTCImUCHYEpic.twitter.com/W0wh49glCz

— Christophe Barraud (@C_Barraud) August 1, 2020

U.S. Employment Report Preview for July: Several Indicators Suggest Labour Market Deteriorated
https://t.co/F2aIXfFtGapic.twitter.com/nwNtFy7DwV

— Christophe Barraud (@C_Barraud) July 28, 2020

State and Local Government Education Employment will Increase Sharply in July, Seasonally Adjusted https://t.co/xNPZHEQXfO pic.twitter.com/c6PkdWTwR8

— Bill McBride (@calculatedrisk) August 2, 2020

Merrill: "The July jobs report is likely to reveal a pullback in the pace of hiring to +1.0mn … There is a large error band around this forecast with even a risk of a negative print. We look for the unemployment rate to head lower to 10.7%."

— Bill McBride (@calculatedrisk) July 31, 2020