Morning Brief – August 12th 2020
Americas
Stimulus impasse risks dragging to September, imperiling economy – EThttps://t.co/65J1WgHgaO
— Christophe Barraud (@C_Barraud) August 12, 2020
“We thought the economy faced a pothole and stimulus put a plate over it so we could navigate. Now escalation of the virus may make the pothole into a sinkhole and that would create the need for a longer plate."
–Tom Barkin, @RichmondFed https://t.co/fgyheBCchB via @economics— Steve Matthews (@SteveMatthews12) August 11, 2020
Fed revises pricing on municipal liquidity facility https://t.co/UHNtJdn16m pic.twitter.com/xkKg4ORNpl
— Reuters Business (@ReutersBiz) August 11, 2020
*KUDLOW SAYS #CHINA MEETING OBLIGATIONS OF TRADE DEAL – BBG
— Christophe Barraud (@C_Barraud) August 11, 2020
U.S. ban on #TikTok could cut it off from app stores, advertisers – White House document – Reutershttps://t.co/MdMR7HvK1K
— Christophe Barraud (@C_Barraud) August 12, 2020
*#TRUMP SAYS #CHINA PHASE-2 DEAL LAST THING ON HIS MIND: BREITBARThttps://t.co/v95EzWg4WS
— Christophe Barraud (@C_Barraud) August 11, 2020
Trump administration officials said there is no detailed strategy for rapid negotiations on a nuclear deal with Iran despite the president’s recent remarks that he would strike a quick agreement if he wins a second term https://t.co/GGgkk76Zp1
— Capital Journal (@WSJPolitics) August 11, 2020
BREAKING: Joe Biden picks California Sen. Kamala Harris as his VP running mate. https://t.co/XN9soITpq0 pic.twitter.com/sBx2TkWQaN
— NBC Politics (@NBCPolitics) August 11, 2020
Asia
#Japan’s Economy Seen Taking Four Years to Regain Lost Ground – Bloomberghttps://t.co/WX6ezI5cJA
— Christophe Barraud (@C_Barraud) August 12, 2020
#RBNZ Expands Bond Purchases to Aid Recovery as #Covid Returns – Bloomberg
*Central bank says negative rates are in ‘active preparation’❗
*QE increased to as much as NZ$100 billion, extended into 2022https://t.co/LyngUVjRxW— Christophe Barraud (@C_Barraud) August 12, 2020
#NewZealand city of #Auckland prepares for lockdown as mystery COVID cases emerge – Reutershttps://t.co/aHSwJr71n6
— Christophe Barraud (@C_Barraud) August 12, 2020
Australia's Victoria has deadliest day of coronavirus pandemic https://t.co/FbDAB6DDcw
— The Straits Times (@STcom) August 12, 2020
BREAKING: Victoria’s Treasury department is forecasting that the state will move from stage four to stage three restrictions in mid-September, before moving into stage two after September. https://t.co/gKx7LgzQel #stage4 #COVID19 #Coronavirus #COVID19Vic
— The Age (@theage) August 12, 2020
#Australia Households Spooked as #Victoria Smashes Confidence – Bloomberg
*Link: https://t.co/rWIvPtFCSx pic.twitter.com/ouQSJuYlTt— Christophe Barraud (@C_Barraud) August 12, 2020
South #China Sea: Chinese military told not to fire first shot in stand-off with US forces – SCMPhttps://t.co/eTqNT4rtEm
— Christophe Barraud (@C_Barraud) August 11, 2020
#China vice foreign minister says Sino-U.S. relations must not derail – Reutershttps://t.co/dgr1Qcopkm
— Christophe Barraud (@C_Barraud) August 12, 2020
#China hires over 100 TSMC engineers in push for chip leadership – Nikkeihttps://t.co/xjBh1RBZcf
— Christophe Barraud (@C_Barraud) August 12, 2020
Europe
European markets set for negative open as coronavirus concerns return https://t.co/xbr5fGwneY
— CNBC (@CNBC) August 12, 2020
Germany issues travel warning for Madrid due to coronavirus https://t.co/NHTZqynJF4 pic.twitter.com/VU7gOHwagT
— Reuters (@Reuters) August 11, 2020
French PM warns Covid-19 infection rate headed in wrong direction, public becoming careless https://t.co/HHGUuHRMZO pic.twitter.com/wFeIXCkib5
— FRANCE 24 English (@France24_en) August 11, 2020
Putin's plan for Russia's coronavirus vaccine is at 'high risk of backfiring,' expert says https://t.co/f7jbDX4TFB
— CNBC (@CNBC) August 12, 2020
Q2 PRELIMINARY GDP Q/Q: -20.4% V -20.7%E; Y/Y: -21.7% V -22.3%E pic.twitter.com/zb86gh2RPe
— Christophe Barraud (@C_Barraud) August 12, 2020
Sunak weighs delaying autumn Budget on second Covid wave https://t.co/qN1WRGVqK1
— FT UK Politics (@ftukpolitics) August 11, 2020