Morning Brief – October 14th 2020
Americas
The earnings season kicked off with good news for JPMorgan and Citigroup, but the two big banks are taking diverging paths, @breakingviews editor @johnsfoley explains $JPM $C pic.twitter.com/mKvmgUtN5b
— Reuters Business (@ReutersBiz) October 14, 2020
JPMorgan reported much stronger-than-expected results for the third quarter. Profits were also boosted by the bank setting aside fewer dollars to cover potential bad loans. More here: https://t.co/XXY10EHEXd pic.twitter.com/2oRkyDKpqz
— Reuters Business (@ReutersBiz) October 14, 2020
In China, Apple's 5G iPhone 12 sparks fever-pitch, but divided reaction https://t.co/PPEd4ug4Yu pic.twitter.com/FQCjPm5J5D
— Reuters Business (@ReutersBiz) October 14, 2020
WATCH: Pelosi spars with CNN's Blitzer over COVID-19 aid: "You really don't know what you're talking about" https://t.co/7zuaPmywvQ pic.twitter.com/igwUz06NPV
— The Hill (@thehill) October 14, 2020
Global GDP is projected to shrink 4.4% this year, compared with 5.2% estimate in June forecast, according to the fund’s latest World Economic Outlook released Tuesday; previous figures were revised to reflect updated country weightings.
*Link: https://t.co/ZjvAmlPovd pic.twitter.com/bJ1hUCRvmN— Christophe Barraud (@C_Barraud) October 13, 2020
Eli Lilly Covid Antibody Trial Paused Due to Safety Concerns – Bloomberghttps://t.co/8QlYrqMBGh
— Christophe Barraud (@C_Barraud) October 14, 2020
Supreme Court declines to hear Democrats' emoluments case against Trump https://t.co/ZmZPUSeIDz pic.twitter.com/GsQsVcPBsO
— The Hill (@thehill) October 14, 2020
Asia
-Hong Kong, Australia, China, South Korea stocks ⬇️
-U.S. futures ⬆️
-Gold trades flat, oil ⬇️to $40.04 a barrelhttps://t.co/Vc8GMRLDKM pic.twitter.com/TpM9BuHp0h— Bloomberg Asia (@BloombergAsia) October 14, 2020
#China | Evergrande Tumbles After Share Placement Misses Target – Bloomberg
*Link: https://t.co/jVOkulyzwX pic.twitter.com/dhw4NGVS3f— Christophe Barraud (@C_Barraud) October 14, 2020
#Coronavirus latest
-Eli Lilly pauses its treatment trial
-Mexico reports 4,295 new cases
-World Bank approves $12 billion for vaccines for developing countries
-China’s Qingdao says it has taken more than 5.6 million samples in less than two dayshttps://t.co/w15yajSLq4— Bloomberg Asia (@BloombergAsia) October 14, 2020
#China’s Qingdao said it has taken more than 5.6 million samples in less than two days after the city reported a new cluster of infections on Sunday – Bloomberg
*It’s another example of China’s ambitious strategy of mass testing, this time after a small outbreak.— Christophe Barraud (@C_Barraud) October 14, 2020
President Xi Jinping vowed to press ahead with plans to gain the global lead in technology and other strategic industries, despite expanding efforts from the U.S. and its allies to check #China’s rise. https://t.co/mttJUWboOx
— Christophe Barraud (@C_Barraud) October 14, 2020
New Zealand’s central bank is not bluffing when it says it may resort to negative interest rates, Assistant Governor Christian Hawkesby says https://t.co/mfysP0QLfH
— Bloomberg Economics (@economics) October 14, 2020
Singapore’s central bank kept monetary policy unchanged Wednesday https://t.co/hUwB3HV5f2
— Bloomberg Economics (@economics) October 14, 2020
Europe
IMF warns world economy faces an uneven recovery ahead
World monetary chiefs say it's too early to stop virus spending
️ London's wealthy are paying top dollar for the city's mega-mansions
Here's a rundown of your top economic news today https://t.co/JSr2x2otTG— Bloomberg Economics (@economics) October 14, 2020
#Europe #Covid_19: Daily Summary (October 14th)
*Focus on #Germany, #Spain, #France and #Italy
HT @FLAHAULT, @ForexLive, @ngbpadel2, @mianrey, @starjoin, @gforestier, @Fabien_L, @Corrierehttps://t.co/b5FYIg4EdO
— Christophe Barraud (@C_Barraud) October 14, 2020
#Brexit | They’ll also call on member states and EU institutions to increase preparedness in the event no deal is reached – Bloomberghttps://t.co/yDQJE3Iyx7
— Christophe Barraud (@C_Barraud) October 14, 2020
European Central Bank officials revealed differences in opinion about the next steps the institution should take to support the euro-area economy and boost inflation https://t.co/kDRpkTXuB9
— Bloomberg Economics (@economics) October 13, 2020
EU Weighs When to Hit U.S. Products With Tariffs Approved by #WTO – Bloomberg
*Link: https://t.co/8RZUAfjVmh pic.twitter.com/nNUyZYVLHb— Christophe Barraud (@C_Barraud) October 14, 2020