Morning Brief – October 12th 2020
Americas
Listen to POLITICO Dispatch daily for quick, digestible analysis of the latest news on Covid-19, from the campaign trail, Capitol Hill, and more. Subscribe today.https://t.co/DPUpEFlsul pic.twitter.com/iaT714tuXL
— POLITICO (@politico) October 11, 2020
‘It does give you immunity,’ Donald Trump told Fox News on Sunday, a claim not supported by scientists, ahead of a string of planned rallies https://t.co/gQ40mmN7Ma
— Financial Times (@FinancialTimes) October 12, 2020
White House pushes to hold next week's canceled debate https://t.co/wSOto8kaOm pic.twitter.com/0YtwNbOQ0H
— The Hill (@thehill) October 12, 2020
Nancy Pelosi says in Dear Colleague letter today that coronavirus relief negotiations are at an “impasse” until “serious issues are resolved,” particularly on funding for testing. pic.twitter.com/Ca5k5rgZQG
— Joseph Zeballos-Roig (@josephzeballos) October 11, 2020
In a Sunday letter to colleagues, @SpeakerPelosi lays out the differences in agreement between Dems & the White House on a stimulus package
"Until these serious issues are resolved, we remain at an impasse," she says pic.twitter.com/zLGcfLkgPe
— Alayna Treene (@alaynatreene) October 11, 2020
Republicans have been asking for this for months. For months, democrats have said no. https://t.co/qehOuFUqgR
— Jake Sherman (@JakeSherman) October 11, 2020
Kudlow says Trump may offer larger stimulus than Democrats' proposal – Axioshttps://t.co/GHQ3kHosPU
— Christophe Barraud (@C_Barraud) October 11, 2020
FT Exclusive: The US has blocked Hong Kong residents from accessing at least two federal government websites that provide economic data https://t.co/9EPYLNVY7h pic.twitter.com/qF2GXvXHK5
— Financial Times (@FinancialTimes) October 12, 2020
Could China & US go to #war over #Taiwan? Watch this video by @KathrinHille & @JKynge who have a fantastic amount of experience with, and knowledge, about China.https://t.co/Rys18ep2em via @FT @ftvideonews @FinancialTimes
— Demetri Sevastopulo (@Dimi) October 8, 2020
Asia
-South Korea, Australia, Hong Kong, China stocks ⬆️
-Japan stocks ⬇️
-Yuan falls as much as 0.7% lower against the dollar after policy makers acted to restrain its strength by making it easier to bet against
-Oil ⬇️1%
-Gold ⬇️https://t.co/qVRt4zVdZb pic.twitter.com/wrceTJFI3i— Bloomberg Asia (@BloombergAsia) October 12, 2020
#Coronavirus latest:
-India’s cases top 7 million
-China records its first locally transmitted infections in 17 days
-South Korea confirms 97 more cases
-Singapore and Indonesia will start a reciprocal green lane for travelhttps://t.co/k9i2t3BTnm— Bloomberg Asia (@BloombergAsia) October 12, 2020
JUST IN: India reports 66,732 new coronavirus cases, bringing total infections to 7.12 million https://t.co/faLREJzitO pic.twitter.com/PCdWVcyaP2
— Bloomberg Asia (@BloombergAsia) October 12, 2020
China ends virus-free streak as cluster in port city emerges https://t.co/4ebxttHkqe
— Bloomberg Asia (@BloombergAsia) October 12, 2020
#China’s Xi Expected to Push Greater Bay Plan in #Shenzhen Trip – Bloomberghttps://t.co/ny3PS2HNhz
— Christophe Barraud (@C_Barraud) October 12, 2020
#China | #Yuan Gain May Be Capped After #PBOC Cuts Shorting Costs – Bloomberghttps://t.co/SofEHjfPRe
— Christophe Barraud (@C_Barraud) October 12, 2020
#Japan | #BOJ’s Swelling Asset Pile Complicates Future Exit From Stimulus – Bloomberg
*The central bank’s growing pile of assets has now reached the equivalent of 137% of GDP, according to a Bloomberg calculation based on official data
*Link: https://t.co/UMt0YT504n pic.twitter.com/BIRA1tXOaQ— Christophe Barraud (@C_Barraud) October 12, 2020
Japan's machinery orders extend gains as business spending stabilises https://t.co/HEXd1FiIlo pic.twitter.com/DIk9gaivC8
— Reuters Business (@ReutersBiz) October 12, 2020
*#JAPAN, #UK TO SIGN #TRADE AGREEMENT ON OCT. 23: KYODO
— Christophe Barraud (@C_Barraud) October 12, 2020
Worsening Sino-U.S. ties huge risk to China's financial network – PBOC vice head https://t.co/YlGRT0ubSV pic.twitter.com/0ywr4tVAoV
— Reuters Business (@ReutersBiz) October 12, 2020
Europe
BOE asks commercial banks for views on negative interest rates
ECB doubters rebuff green loan proposal despite Lagarde interest
UK risks losing its most robot-proof jobs
Here's a rundown of your top economic news today https://t.co/N1ZCGwFDes— Bloomberg Economics (@economics) October 12, 2020
#Europe #Covid_19: Daily Summary (October 12th)
*Focus on #Germany, #Spain, #France and #Italy
HT @FLAHAULT, @macroandfinance, @starjoin, @gforestier, @Fabien_L, @Corrierehttps://t.co/oEMFvms7Uy
— Christophe Barraud (@C_Barraud) October 12, 2020
In Europe, governments in several countries including the U.K., Italy, Spain and the Czech Republic are prepared to tighten restrictions as infections and hospital admissions rose – Bloomberghttps://t.co/6pcPPpNXki
— Christophe Barraud (@C_Barraud) October 11, 2020
#FRANCE'S PRIME MINISTER JEAN CASTEX SPEAKS ON FRANCE INFO RADIO – BBG
*FRANCE'S CASTEX: VIRUS SECOND WAVE IS 'VERY STRONG*PM CASTEX: WE COULD TAKE STRICTER MEASURES ON COVID IF THE SITUATION CONTINUES TO WORSEN, NO OPTIONS RULED OUT – RTRS
— Christophe Barraud (@C_Barraud) October 12, 2020
Boris Johnson is set to step up efforts to contain the spread of coronavirus on Monday, announcing a new tiered system of alert levels that would see millions of Britons subject to more stringent curbs on their everyday lives https://t.co/YQ9OaqunAv
— Bloomberg Economics (@economics) October 11, 2020
A trade deal between the UK and European Union is still hanging in the balance after a weekend of intense diplomacy saw Boris Johnson call the leaders of Germany and France https://t.co/tQeuV8sWoF
— Bloomberg Economics (@economics) October 11, 2020
Top Official Signals #ECB Would Allow Inflation to Overshoot – WSJhttps://t.co/we5DSkS8pw
— Christophe Barraud (@C_Barraud) October 11, 2020
Inflation situation in euro area won’t improve this year and needs to be assessed in medium-term horizon. ECB Governing Council member and Slovak central bank chief Peter Kazimir says in interview for Hospodarske Noviny daily published online.
— Christophe Barraud (@C_Barraud) October 11, 2020
Letter from Sam Woods ‘Information request: Operational readiness for a zero or negative Bank Rate’ – BOEhttps://t.co/IRgIw3xgCQ
— Christophe Barraud (@C_Barraud) October 12, 2020
TURKISH CENTRAL BANK SAYS RAISES REMUNERATION RATE APPLIED TO LIRA REQUIRED RESERVES TO 7% FROM 5% – RTRS
— Christophe Barraud (@C_Barraud) October 12, 2020
EU targets Big #Tech with ‘hit list’ facing tougher rules – FThttps://t.co/5dfknItcAf
— Christophe Barraud (@C_Barraud) October 12, 2020
The Danish government’s plan to fund early retirement for some workers by introducing an extra tax on the financial industry has gained enough support among opposition parties to be turned into law next year https://t.co/3lzS2S2h7k
— Bloomberg Economics (@economics) October 12, 2020