Daily Archives: September 4, 2020


U.S. stocks closed sharply lower Thursday, marking their deepest one-day dives since June as the high-flying technology sector suffered sharp declines, while economic data highlighted concerns about a long and difficult recovery. Read more https://t.co/5pzoxpYnKZ pic.twitter.com/JhZCmvzacv

— Reuters Business (@ReutersBiz) September 4, 2020

Market re-rating of tech sector will bring volatility https://t.co/4vpeAdJbzq

— FT Markets (@FTMarkets) September 4, 2020

$GOOGL | Justice Dept. Plans To File Antitrust Charges Against Google In Coming Weeks – NYT https://t.co/S3Urg5cyaQ

— LiveSquawk (@LiveSquawk) September 3, 2020

#Speculation in #tech derivatives points to wild swings – FT
*Link: https://t.co/EE3XoghBkx pic.twitter.com/RyAoyU2B5T

— Christophe Barraud (@C_Barraud) September 4, 2020

Two Fed officials downplayed the chances of updated public guidance on the path of interest rates at their upcoming policy meeting https://t.co/JArQ7vrCcp

— Bloomberg Economics (@economics) September 4, 2020

Schumer rips ’emaciated’ Republican #coronavirus relief plan – Politicohttps://t.co/WmutHBX694

— Christophe Barraud (@C_Barraud) September 4, 2020

Pelosi, Mnuchin Agree to Avoid Government Shutdown in October – Bloomberghttps://t.co/UTiiigtO2G

— Christophe Barraud (@C_Barraud) September 4, 2020

US #trade deficit with #China wider than May 2016, when Donald Trump accused China of ‘greatest theft in history’ – SCMPhttps://t.co/luXvuk0RUN

— Christophe Barraud (@C_Barraud) September 4, 2020

Looking at latest U.S. trade data (goods only), Chinese purchases of U.S. goods improved a bit compared to June. However, using a linear extrapolation, they are still expected to decline in 2020 (compared to 2019), while #PhaseOne deal implies a jump of more than 110%❗ pic.twitter.com/uqLBSNtdw6

— Christophe Barraud (@C_Barraud) September 3, 2020

Jan-July 2020 exports of U.S. #soybeans to #China were the worst since 2004.

The Aug volume may have hit 2 mmt, the best since Jan. That puts 2019/20 exports to China around 15.9 mmt, up 18% YOY but next to that, the lowest since 07/08.

But 20/21 is set up to be much better…. pic.twitter.com/kMl2Tiiwtx

— Karen Braun (@kannbwx) September 3, 2020

U.S. is looking at banning more Chinese apps over national security as TikTok sale stalled – CNBChttps://t.co/upEBuAW6we

— Christophe Barraud (@C_Barraud) September 4, 2020

Exclusive: #WhiteHouse asks U.S. agencies to detail all #China-related funding – Reutershttps://t.co/JIWxtKELTk

— Christophe Barraud (@C_Barraud) September 4, 2020

#Covid Vaccine Frontrunners Will Soon See Their Moment of Truth – Bloomberghttps://t.co/j7yVqWVnPt

— Christophe Barraud (@C_Barraud) September 4, 2020

U.S. Employment Report Preview for August 2020https://t.co/gvtSQEPiyc

— Christophe Barraud (@C_Barraud) September 3, 2020


-Shares drop across Asia, though losses were smaller than those seen in the U.S. overnight
-Australia stocks ⬇️ 3%
-U.S. futures ⬇️
-Oil declines 1% to $41
-Gold ⬆️https://t.co/0XIEdOAWo9

— Bloomberg Asia (@BloombergAsia) September 4, 2020

Xi Says He’ll Never Back Down in Facing Foreign Interference – Bloomberghttps://t.co/B8ZQHcIdTe

— Christophe Barraud (@C_Barraud) September 4, 2020

#China to overtake US as world’s top economy in 2032 despite Washington hostilities, state think tank predicts – SCMPhttps://t.co/vl51K9jivh

— Christophe Barraud (@C_Barraud) September 4, 2020

Amid rising tensions, #China likely to reduce US debt holdings – Global Timeshttps://t.co/ZKOA5Y9ID7

— Christophe Barraud (@C_Barraud) September 4, 2020

#China will collect anti-subsidy deposits for imports of U.S. n-propanol from Sept. 9, according to a statement from Ministry of Commerce.
This comes after it began collecting anti-dumping deposits for the same chemical from July 18
*Link (Chinese): https://t.co/dV4J21EPSj

— Christophe Barraud (@C_Barraud) September 4, 2020

#China to issue negative list for services #trade by late 2020 – Xinhua
*Link: https://t.co/FDOXwqp4zs

— Christophe Barraud (@C_Barraud) September 4, 2020

Japan’s Chief Cabinet Secretary Yoshihide Suga has 38% of the public’s support, ahead of 25% for former Defence Minister Shigeru Ishiba who had previously led several media opinion polls.https://t.co/fw7YE1ziLE

— Yahoo Singapore (@YahooSG) September 4, 2020

Nearly half of businesspeople surveyed, many with experience dealing with China, back Trump’s tough policy.https://t.co/77mXcgXria

— Nikkei Asian Review (@NAR) September 3, 2020


The skeptic’s roadmap pinpoints 5 risks to Europe’s market rally:
EU recovery fund falls through
More virus pain
Brexit talks go bad
Trump secures presidency
Military standoff in the Mediterraneanhttps://t.co/MhV1pU5SOt

— Bloomberg Economics (@economics) September 4, 2020

Here’s a rundown of your top economic news today https://t.co/6Eun9VHmMR

— Bloomberg Asia (@BloombergAsia) September 4, 2020

#Europe #Covid_19: Daily Summary (September 4th)https://t.co/nstKc7TtVR

— Christophe Barraud (@C_Barraud) September 4, 2020

Madrid decreta varias restricciones relacionadas con aforos en velatorios, funerales, bodas, banquetes y terrazas. Limita el número de asistentes y el tamaño de las mesas según varios parámetros.https://t.co/kqAf7wDfEt

— ngb padel (@ngbpadel2) September 3, 2020

#GERMANY JULY FACTORY ORDERS M/M: 2.8% V 5.0%E; Y/Y: -7.3% V -6.0%E (-10.6% Prior)

➡ It confirms that global trade growth (goods) will rebound (in line with other proxies). pic.twitter.com/Pg0oUVDddK

— Christophe Barraud (@C_Barraud) September 4, 2020

UK Markit Construction PMI August Report – Markithttps://t.co/afma2jG6HJ pic.twitter.com/hFbB3vlpDj

— LiveSquawk (@LiveSquawk) September 4, 2020

UK car sales stumble in August, in setback to summer recovery https://t.co/TLGNiO4a9l

— Bloomberg Economics (@economics) September 4, 2020

No-Deal Brexit Looms After Boris Johnson Seeks To Double Fishing Quota – The Times https://t.co/SUELt1f1YP

— LiveSquawk (@LiveSquawk) September 3, 2020

Germans are shaking off their German Angst just in middle of coronacrisis. Acc to global PEW survey, 51% of Germans assess their country’s current econ situation as good, 47% think econ to improve. Makes #Germany one of most optimistic nations. https://t.co/CGF1QOevTT via @welt pic.twitter.com/vdcnxXaj5g

— Holger Zschaepitz (@Schuldensuehner) September 4, 2020


According to the European Centre for Disease Prevention and Control, 22 European countries have crossed a key threshold of new coronavirus infections. Latest data showed that the countries have recorded cumulative 14-day infection totals higher than 20 per 100,000 inhabitants, considered an early alarm level by many health experts.

Source: European Centre for Disease Prevention and Control (data as of Sep. 3rd)



#Germany's confirmed #coronavirus cases rise by 782 on Friday (v 1,311 prior and 1,571 last Fri.) – RKI
*Link: https://t.co/LoHFnnUCU0 pic.twitter.com/T8U1CrUweL

— Christophe Barraud (@C_Barraud) September 4, 2020



*Link: https://t.co/LXG9UPxXtP

*Total new cases (regional data): +8,959 ⬇https://t.co/c5wsfBrOjy

— Christophe Barraud (@C_Barraud) September 3, 2020

Although Covid-19 continues to spread across Spain, weekly incidence figures have fallen slightly thanks to an improved situation in Madrid, the Balearic Islands, Catalonia and Aragón. These drops, however, are far from representing a stable trend. https://t.co/l172Kaqo9o

— El País English Edition (@elpaisinenglish) September 3, 2020



*Positivity Rate: 4.4%❗(v 4.3% prior).
*Santé Publique France: https://t.co/bZLT3Rguuz pic.twitter.com/xTf67VEciT

— Christophe Barraud (@C_Barraud) September 3, 2020

Mise à jour avec les données du jour pour les tests (31/08). ⚠️Les taux de la semaine 36 (cette semaine) sont estimés uniquement avec les données du lundi 31/08 (suivre l'évolution avec les données disponibles les prochains jours). pic.twitter.com/v19eVXTcmg

— Germain Forestier (@gforestier) September 3, 2020

Ces visualisations sont maintenant disponibles pour chaque département ici : https://t.co/RQMl2QN4vW @EricBillyFR pic.twitter.com/zNGXvjaPKU

— Germain Forestier (@gforestier) September 3, 2020



*Link: https://t.co/FWQszjNVxD pic.twitter.com/c2RU47Qixp

— Christophe Barraud (@C_Barraud) September 3, 2020



Daily New Confirmed Cases (7-day moving average)

*Note: Data can’t be directly compared to lockdown period amid methodology change and increasing frequency of tests (see below).


Daily New Tests (7-day moving average)


Positivity Rates (7-day moving average)


Daily New Confirmed Deaths (7-day moving average)


— Investing.com (@Investingcom) September 4, 2020

GAAP vs. non-GAAP jobs pic.twitter.com/aF9xJCbrUL

— Sam Ro (@SamRo) September 4, 2020

Cycle low in US permanent job losers vs. US equities (S&P 500). pic.twitter.com/KFx1pkYDgL

— Julien Bittel, CFA (@BittelJulien) September 4, 2020

I think it is underappreciated how much the sharp deceleration in eurozone services inflation has been driven by tourism/hospitality/travel, while inflation in other services areas has (so far) remained fairly resilient. Impact likely increases in August with peak tourism season pic.twitter.com/6VeRAFO1jg

— Oliver Rakau (@OliverRakau) September 4, 2020

Powell better pump these numbers up…

“Marginal” monetary expansion isn’t enough to keep this party going. pic.twitter.com/VKHYnjnID8

— Otavio (Tavi) Costa (@TaviCosta) September 4, 2020