Morning Brief – August 25th 2020

Americas

There were record highs for the S&P 500 and the Nasdaq to start off the week as investor confidence was buoyed by new steps taken by the FDA in the fight against the coronavirus pandemic. More here: https://t.co/MTJkdhjZzA pic.twitter.com/PIdgMDhOr6

— Reuters Business (@ReutersBiz) August 25, 2020

U.S., #China Signal Progress on #Trade Deal as Relations Fray – Bloomberg
*Statement: https://t.co/125aXan663https://t.co/aNpRCpM6ia

— Christophe Barraud (@C_Barraud) August 25, 2020

#Phaseone deal: 3 charts to gauge #Trump administration credibility:

"The parties also discussed the significant increases in purchases of U.S. products by China"

1/ My blog: https://t.co/SZHjBrS1kM

2/ Bloomberg: https://t.co/ikA9qq3vUx

3/ PIIE: https://t.co/TCjvxj3fJp pic.twitter.com/gGjnLICYb4

— Christophe Barraud (@C_Barraud) August 25, 2020

U.S. Treasury Department Provides Currency Valuation Assessment in Countervailing Duty Proceeding – Statement
*Link: https://t.co/UCSvRU2mdP pic.twitter.com/Yv2N2FT0m2

— Christophe Barraud (@C_Barraud) August 25, 2020

No Convention Bounce For Biden, Who Maintains Big Lead Over Trump – Politico Poll https://t.co/mBGQcr1QZw

— LiveSquawk (@LiveSquawk) August 24, 2020

Asia

Japan To Relax Ban On Foreign Residents Returning To The Country – FT https://t.co/GeGDx8sbZ2

— LiveSquawk (@LiveSquawk) August 24, 2020

Beach Holidays for Some in #China, Belt Tightening for Others – Bloomberg
*Link: https://t.co/iyZbq7x5ap pic.twitter.com/ymvrf4PcZd

— Christophe Barraud (@C_Barraud) August 25, 2020

Australia’s recession will extend into the third quarter, according to Commonwealth Bank of Australia. https://t.co/v7Y9BdQfrU

— Bloomberg Economics (@economics) August 25, 2020

India’s central bank will resume its Federal Reserve-style Operation Twist to calm rising yields https://t.co/tXNAKkRqoP

— Bloomberg Economics (@economics) August 25, 2020

Europe

#Europe #Covid_19: Daily Summary (August 25th)https://t.co/rTW3UYbcvp

— Christophe Barraud (@C_Barraud) August 25, 2020

Hungarian Prime Minister Viktor Orban caves to calls to relax his budget stance to fight the economic fallout of Covid-19 https://t.co/eAibYuLHuX

— Bloomberg Economics (@economics) August 25, 2020

ECB support wipes out stress over bank funding https://t.co/Qa0mb9bmqM

— FT Markets (@FTMarkets) August 25, 2020