Morning Brief – October 23rd 2020
Americas
U.S. stocks closed higher on growing optimism about an imminent fiscal stimulus and economic data surprised to the upside. Read more https://t.co/rFDCrrCD4s pic.twitter.com/Go1Xmdso1W
— Reuters Business (@ReutersBiz) October 23, 2020
FDA Approves Remdesivir; Illinois, Ohio Hit Highs: Virus Update https://t.co/AiTbfDH8xj
— Bloomberg Asia (@BloombergAsia) October 23, 2020
Prospects for a U.S. stimulus package passing Congress before the Nov. 3 election are fading fast https://t.co/54d54E5CQF
— Bloomberg Economics (@economics) October 23, 2020
WATCH: Trump posts full 60 Minutes interview showing him walking out https://t.co/rWy9mllHkg pic.twitter.com/UeAioa2HgX
— The Hill (@thehill) October 23, 2020
Five takeaways from the final Trump-Biden debate https://t.co/1GxgSSAFLN pic.twitter.com/fZWhPtHGDK
— The Hill (@thehill) October 23, 2020
Asia
#JAPAN OCT PRELIMINARY PMI MANUFACTURING: 48.0 V 47.7 PRIOR (18TH STRAIGHT CONTRACTION)
*PMI Services: 46.6 v 46.9 prior (9th straight contraction)
*PMI Composite: 46.7 v 46.6 prior (9th straight contraction)
*Link: https://t.co/FP1yfIAZ7i pic.twitter.com/RKEJEweB67— Christophe Barraud (@C_Barraud) October 23, 2020
Japan’s key consumer prices fell at a slightly slower pace in September but failed to log gains for a 6th straight month https://t.co/EhqbnbD6Yr
— Bloomberg Asia (@BloombergAsia) October 23, 2020
Japan’s government maintained its assessment of the economy in October https://t.co/crrWqs4YCv
— Bloomberg Economics (@economics) October 23, 2020
Japan calls for longer New Year holiday to curb coronavirushttps://t.co/UhRQYcif5R
— Nikkei Asia (@NikkeiAsia) October 23, 2020
Europe
ECB seen preparing more aid
Swiss National Bank may have to sell some of its $100 billion in U.S. stocks
Bleak virus outlook draws warning from the Swedish Riksbank Governor
Here’s a rundown of your top economic news today https://t.co/0mZ53JzlJW— Bloomberg Economics (@economics) October 23, 2020
#Europe #Covid_19: Daily Summary (October 23rd)
*Focus on #Germany, #Spain, #France and #Italy
HT @FLAHAULT, @ForexLive, @ngbpadel2, @mianrey, @gforestier, @starjoin, @Fabien_L, @Corriere https://t.co/4gATwHNg4L
— Christophe Barraud (@C_Barraud) October 23, 2020
#France GDP to Shrink From Sept.-Dec.: Le Maire – Le Figaro ITW
“Après une très forte reprise au 3e trimestre, le 4e trimestre sera difficile: nous prévoyons une contraction du PIB entre septembre et décembre. Nous avions anticipé ce risque.”
— Christophe Barraud (@C_Barraud) October 23, 2020
#France | Markit: “The results suggest that the recent rise in COVID-19 cases and subsequent tightening of restrictions has had a notable negative impact on business conditions.”https://t.co/8gOpRHZvxO
— Christophe Barraud (@C_Barraud) October 23, 2020
#GERMANY OCT PRELIMINARY MANUFACTURING PMI: 58.0 V 55.0E (4th straight expansion and highest since Apr. 2018)
*PMI Services: 48.9 v 49.4e v 50.6 prior (1st contraction in 4 months)
*PMI Composite: 54.5 v 53.3e
*Link: https://t.co/ll0dE8hhfX pic.twitter.com/voaoeEG4JA— Christophe Barraud (@C_Barraud) October 23, 2020
#EUROZONE OCT PRELIMINARY MANUFACTURING PMI: 54.4 V 53.0E (32-month high)
*PMI Services: 46.2 v 47.0e (2nd straight contraction; 5-month low)
*PMI Composite: 49.4 v 49.2e (1st contraction in 4 month)
*Link: https://t.co/XlmJopcJun pic.twitter.com/70eou8uBEN— Christophe Barraud (@C_Barraud) October 23, 2020
UK retail sales rise more than expected as demand for home improvement products and food contributed to the biggest quarterly jump on record https://t.co/AhweUxfYd8
— Bloomberg Economics (@economics) October 23, 2020