Morning Brief – August 20th 2020

Americas

FOMC minutes:
1. Dovish, worried about slowdown, downside risks.
2. Forward guidance "at some point" not seen now.
3. Little interest in yield curve control.
4. Statement of goals and strategy, delayed from January, “in the near future.'' https://t.co/TJEiyG5nuF via @economics

— Steve Matthews (@SteveMatthews12) August 19, 2020

Key Takeaways From The FOMC Minutes: Market Spooked By Lack Of Fed Commitment To More QE, "Twist" Or Curve Control https://t.co/eZCjfiMco6

— zerohedge (@zerohedge) August 19, 2020

U.S.-#China #Trade Talks Delayed, Not Derailed – WSJ
*Negotiators plan to confer by video in the coming days over progress in fulfilling terms of the ‘#PhaseOne’ dealhttps://t.co/fUjFnGAlaj

— Christophe Barraud (@C_Barraud) August 19, 2020

Local Officials in #China Hid #Coronavirus Dangers From Beijing, U.S. Agencies Find – NYThttps://t.co/AvGRjsoe0U

— Christophe Barraud (@C_Barraud) August 19, 2020

U.S. Ends Pacts With #HongKong on Extradition, Shipping Tax – Bloomberghttps://t.co/GjqLedBgIn

— Christophe Barraud (@C_Barraud) August 20, 2020

The collapse of a Mexican bank is spurring concern about risks for the system just as the country sinks into its deepest recession in almost a century https://t.co/vc8vGsqObd

— Bloomberg Economics (@economics) August 19, 2020

Asia

Asia shares set to dip as Fed's gloom snuffs out Wall Street cheer https://t.co/FWLeL07wuG pic.twitter.com/wncTzLULXQ

— Reuters Business (@ReutersBiz) August 20, 2020

#Japan Opposition Parties Set to Merge to Challenge Weakened Abe – Bloomberghttps://t.co/C539m2AGXo

— Christophe Barraud (@C_Barraud) August 20, 2020

A surge in Japan’s bill issuance is exerting upward pressure on yields and reinforcing the case for the central bank to buy more https://t.co/UEZ8Kx98SC

— Bloomberg Economics (@economics) August 20, 2020

US And Japan Defense Chiefs To Meet In Guam This Month – Nikkeihttps://t.co/pehneChUZY

— LiveSquawk (@LiveSquawk) August 19, 2020

Kim Jong Un acknowledges that North Korea’s development goals have been “seriously delayed" https://t.co/R3CIwyK3u5

— Bloomberg Economics (@economics) August 20, 2020

Europe

#Europe #Covid_19: Daily Summary (August 20th)https://t.co/cUP86qxAU9

— Christophe Barraud (@C_Barraud) August 20, 2020

European Countries Will Keep Implementing Restrictive Measures Amid #Covid_19 Resurgencehttps://t.co/kwBKopMEWw

— Christophe Barraud (@C_Barraud) August 19, 2020

EU countries will discuss “when and how to rebuild a framework of fiscal rules” next year to help virus-ravaged countries, according to the bloc’s commissioner for economic and financial affairs https://t.co/4qvhCJYfNO

— Bloomberg Economics (@economics) August 19, 2020

It's rate decision day in Turkey – here's what to expect https://t.co/tvxUnm3N7a

— Bloomberg Economics (@economics) August 20, 2020