Morning Brief – September 22nd 2020
Americas
Wall Street's main indexes closed lower as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears for the U.S. economy https://t.co/nAOKWgTYIO pic.twitter.com/ykbeJluY5u
— Reuters Business (@ReutersBiz) September 22, 2020
Coronavirus latest: US reports smallest rise in Covid-19 deaths in two weeks https://t.co/OUVDIfXZSx
— Financial Times (@FT) September 22, 2020
U.S. Stimulus Prospects Darken With Partisan Strains Over Court – Bloomberghttps://t.co/2uNw1Od5jC
— Christophe Barraud (@C_Barraud) September 22, 2020
#Fed’s Powell Says U.S. Economy Faces Long, Uncertain Recovery – Bloomberghttps://t.co/w0RWDi4XBz
— Christophe Barraud (@C_Barraud) September 22, 2020
Fed chief Powell slated for first of week's three congressional appearances https://t.co/0opVhQ9w7u pic.twitter.com/KDLrVl36qH
— Reuters Business (@ReutersBiz) September 22, 2020
Dallas Fed President Robert Kaplan, who dissented at last week’s policy meeting, said he doesn’t want to commit the central bank to too much monetary stimulus once the economy has recovered from the pandemic https://t.co/2R1yiz29sd pic.twitter.com/OHlVJSGpsR
— Bloomberg TV (@BloombergTV) September 22, 2020
JPMorgan pushes back on fears that all markets are ‘Japanizing’ https://t.co/ukhzWiAw7j
— Bloomberg Economics (@economics) September 22, 2020
Biden’s capital gains tax hike could spark a big sell-off in stocks. Here’s what that means for the market – CNBChttps://t.co/U0uZwNHToj
— Christophe Barraud (@C_Barraud) September 21, 2020
Asia
-U.S. futures ⬇️
-Asia stocks dip on virus fears
-South Korea stocks fall 2.1%
-Australia, China and Hong Kong stocks ⬇️
-Oil rises 0.7% ⬆️https://t.co/7pb5qfdRTdhttps://t.co/nuJKHDbtEQ— Bloomberg Asia (@BloombergAsia) September 22, 2020
India stocks fall as gloomy economic outlook damps sentiment https://t.co/iwwYRwSTCg
— Bloomberg Asia (@BloombergAsia) September 22, 2020
Chinese Leaders Split Over Releasing Blacklist of U.S. Companies – WSJ
*Huawei Rival Cisco Systems Likely to Be Included on China's Blacklist, Sources Say.https://t.co/E8ryE6ez1c— Christophe Barraud (@C_Barraud) September 21, 2020
China's Xi Jinping takes a veiled swipe at the U.S., saying no country should “be allowed to do whatever it likes and be the hegemon, bully or boss of the world.” https://t.co/JQYHOl7tLr
— Bloomberg Economics (@economics) September 22, 2020
Chinese tech giant Tencent's WeChat app sees downloads surge before U.S. ban https://t.co/pNMGwNChII pic.twitter.com/PpuQpivQm1
— Reuters Business (@ReutersBiz) September 22, 2020
Australia central bank assessing various monetary policy options, A$ slips https://t.co/3HXOEf0UOp pic.twitter.com/tzjd8PfvJC
— Reuters Business (@ReutersBiz) September 22, 2020
Indonesia’s economy is set to contract for the first time since the Asian financial crisis more than two decades ago https://t.co/uqEwMpaLI8
— Bloomberg Economics (@economics) September 22, 2020
Taiwanese President Tsai Ing-wen wants the EU and Taiwan to begin negotiations for a bilateral investment agreement.https://t.co/RLi0At8Iro
— Nikkei Asian Review (@NAR) September 22, 2020
Europe
Futures gain, England pub rules, Italy regional elections. Get ready for Tuesday. https://t.co/1w3oDDpYQo
— Bloomberg Asia (@BloombergAsia) September 22, 2020
#Europe #Covid_19: Daily Summary (September 22nd)
*Focus on #Germany, #Spain, #France and #Italyhttps://t.co/ZEyWcC4Ks5
— Christophe Barraud (@C_Barraud) September 22, 2020
What I wrote in mid-August:
"it seems that risks linked to the healthcare situation remains clearly skewed to the downside in the short term and could raise the specter of negative GDP growth in 4Q20 if the trend worsens significantly in September."https://t.co/kwBKopMEWw
— Christophe Barraud (@C_Barraud) September 22, 2020
Spain ready to take further action to fight Madrid’s second Covid wave https://t.co/xM6YnaLBQi
— Financial Times (@FT) September 21, 2020
A two-week shutdown of the UK hospitality sector could knock at least 2% off GDP, JPMorgan says https://t.co/sg4PQ96kfL
— Bloomberg Economics (@economics) September 21, 2020
A center-right coalition led by the anti-immigrant League party of Matteo Salvini, the nationalist former deputy prime minister of Italy, made gains in regional elections on Monday, but failed to take the day’s biggest prize: Tuscany. https://t.co/g2ZXPHT2bS
— New York Times World (@nytimesworld) September 22, 2020
ECB has major influence on euro, whether it likes it or not: Bundesbank https://t.co/s5n0aXMKHG pic.twitter.com/TE1shnxsce
— Reuters Business (@ReutersBiz) September 21, 2020
European banks load up on government bonds, raising concerns over ‘doom loop’ https://t.co/vK1CJFR304
— Financial Times (@FT) September 21, 2020
France says the EU should keep pursuing a free-trade agreement the UK while warning that any British violation of the Brexit agreement would end that push https://t.co/cekfacRUNa
— Bloomberg Economics (@economics) September 22, 2020