Morning Brief – October 28th 2020
Americas
Stocks on Wall Street closed little changed, as the Dow and S&P 500 slipped on disappointing earnings and rising COVID-19 cases worldwide, and the Nasdaq rose ahead of big technology company results. Read more https://t.co/fdVVCkHDM2 pic.twitter.com/mvu750D3pC
— Reuters Business (@ReutersBiz) October 28, 2020
#Covid_19: U.S. Reports a Record 500,000-plus Cases Over the Past Week – NYThttps://t.co/xPedhWljyw
— Christophe Barraud (@C_Barraud) October 28, 2020
#Covid_19 hospitalizations have risen at least 10% in the past week in 32 states and the nation’s capital as the month-old viral surge increasingly weighs on America’s health-care system – Bloomberghttps://t.co/EwxIRHhxd4
— Christophe Barraud (@C_Barraud) October 28, 2020
#ILLINOIS SUSPENDS INDOOR DINING IN #CHICAGO STARTING FRIDAY – BBG
— Christophe Barraud (@C_Barraud) October 27, 2020
The chief executives of Google, Facebook and Twitter will testify virtually before the US Senate on Wednesday on tech platforms’ immunity from user-generated content https://t.co/vqSI5INYnR
— Financial Times (@FinancialTimes) October 28, 2020
Asia
Record Hong Kong peg defense boosts liquidity to $58 billion https://t.co/wcCShAmWCm
— Bloomberg Economics (@economics) October 28, 2020
China’s recovery is showing mixed signals as global outlook dims https://t.co/jpTlTIAkI4
— Bloomberg Economics (@economics) October 28, 2020
South Korea is joining China and Japan in setting a deadline to zero-out carbon emissions https://t.co/zHMjanIF1b
— Bloomberg Economics (@economics) October 28, 2020
South Korea joins Japan in pledging to go carbon-neutral by 2050 to tackle #ClimateChange.https://t.co/cCiU5n5MQK
— Nikkei Asia (@NikkeiAsia) October 28, 2020
Europe
UK's young and minority furloughed workers are losing jobs
EU's capitals mull recovery loans with an eye on soaring debt
Inflation forecasts are set to be revised upward in Turkey
Here's a rundown of your top economic news today https://t.co/IQyRbZJJoI— Bloomberg Economics (@economics) October 28, 2020
#Europe #Covid_19: Summary (October 28th)
*Focus on #Germany, #Spain, #France & #Italy
HT @vdwnico @vincentglad @ThomasAgoritsas @Hopitaux_unige @FLAHAULT @ngbpadel2 @ramonfornose @mianrey @gforestier @starjoin @Fabien_L @Corrierehttps://t.co/EobNJsKP2o
— Christophe Barraud (@C_Barraud) October 28, 2020
#Eurozone: Latest Restrictions Linked To #Covid_19 (An Update)
*Daily Summary: https://t.co/3IC6J5lxlbhttps://t.co/yMbqqvdOOn— Christophe Barraud (@C_Barraud) October 18, 2020
More than 50 Tory MPs have formed a group to push Boris Johnson on his promises to northern ‘red wall’ areas, ‘just in case he forgets’ https://t.co/TtqM3UNqI6
— Financial Times (@FinancialTimes) October 28, 2020
European stocks have dropped to the lowest level since May as expectations for new restrictions in Germany and France 'severely soured' sentiment. Frankfurt's Dax and the CAC 40 in Paris are each down more than 3%. https://t.co/eZTxsPEetT pic.twitter.com/NiswQe1t5k
— Adam Samson (@adamsamson) October 28, 2020
The rapid deterioration in macro/financial conditions will put a great deal of pressure on the ECB on Thursday.
How can they hint at an increase in asset purchases without saying it? What else could @Lagarde say or do? (1/n)— Frederik Ducrozet (@fwred) October 28, 2020