Morning Brief – September 23rd 2020
Americas
U.S. House passes stopgap funding bill to avoid government shutdown – Reutershttps://t.co/HFQ3xXcuLr
— Christophe Barraud (@C_Barraud) September 23, 2020
Top U.S. economic policymakers opened the door to further aid for small businesses hit by the shutdown-triggered recession, but differed over how broad it might extend and the manner in which it should be delivered. More here: https://t.co/Sk3e8XHgq6 pic.twitter.com/nTcRuTT2Fs
— Reuters Business (@ReutersBiz) September 23, 2020
NEW: New York considers hiking taxes for the rich to fill COVID-19 hole https://t.co/gcNl52uGFo pic.twitter.com/rGwJ2tvYK1
— The Hill (@thehill) September 23, 2020
GOP will ask Supreme Court to limit mail voting in Pennsylvania in first post-RBG test https://t.co/Zz1iJzn1KJ pic.twitter.com/iY52ymcjJS
— The Hill (@thehill) September 23, 2020
New @ABC Washington Post polls:
FL: Biden 48-47 RVs
FL: Trump 51-47 LVsAZ: Biden 49-47 RVs
AZ: Trump 49-48 LVs@rickklein: “The data points to Republicans coming home for Trump, and softness in Biden's support among Latinos in Florida in particular.”https://t.co/o3NctyCMeQ pic.twitter.com/dPTCVFu322— Karen Travers (@karentravers) September 23, 2020
#FDA poised to announce tougher standards for a #covid_19 #vaccine that make it unlikely one will be cleared by Election Day – Washington Posthttps://t.co/axyfKlwewn
— Christophe Barraud (@C_Barraud) September 23, 2020
Asia
#JAPAN SEPT PRELIMINARY PMI MANUFACTURING: 47.3 V 47.2 PRIOR (17th straight contraction)
– PMI Services: 45.6 v 45.0 prior (8th straight contraction)
– PMI Composite: 45.5 v 45.2 prior (8th straight contraction)
*Link: https://t.co/PIKdEbTBIb pic.twitter.com/9e1m2MVupT— Christophe Barraud (@C_Barraud) September 23, 2020
#RBNZ Holds Policy, May Launch New Stimulus Tool This Year – Bloomberghttps://t.co/W7Xlk3JlRd
— Christophe Barraud (@C_Barraud) September 23, 2020
China taps brakes on yuan’s big rally with another weaker fixing https://t.co/syypMab85U
— Bloomberg Economics (@economics) September 23, 2020
#China’s Unspent Stimulus Pile Primed to Fuel Economic Recovery – Bloomberghttps://t.co/pmNJWT2yxu
— Christophe Barraud (@C_Barraud) September 23, 2020
#China Vows Carbon Neutrality by 2060 in Major Climate Pledge – Bloomberghttps://t.co/27rZnXXt32
— Christophe Barraud (@C_Barraud) September 23, 2020
China's state-run media is denouncing the TikTok deal as “an American trap” https://t.co/irI1niDG4H
— Bloomberg Economics (@economics) September 23, 2020
Japan’s ruling party is looking to lure firms and financial professionals from Hong Kong to relocate https://t.co/lEfW7pTRNS
— Bloomberg Economics (@economics) September 23, 2020
Europe
-ECB must limit emergency powers to temporary crises, Mersch says
-Sunak urged to save UK businesses from the "ruin" of covid curbs
-Italy's chance of a lifetime for the economy could yet be squandered
Here's a rundown of your top economic news today https://t.co/fqAwYU02N3— Bloomberg Economics (@economics) September 23, 2020
#Europe #Covid_19: Daily Summary (September 23rd)
*Focus on #Germany, #Spain, #France and #Italyhttps://t.co/sNjshlyNtU
— Christophe Barraud (@C_Barraud) September 23, 2020
#FRANCE SEPT PRELIMINARY MANUFACTURING PMI: 50.9 V 50.6E (moves back into expansion)
– Services PMI: 47.5 v 51.5e (1st contraction in 4 months)
– Composite PMI: 48.5 v 51.9e (1st contraction in 4 months)
*Link: https://t.co/iQgV3wPRkD pic.twitter.com/ppbfvDuJdt— Christophe Barraud (@C_Barraud) September 23, 2020
#France | The drop in Services PMI looks coherent with our latest #MacrospitalityBrief (written with @V_Panayotis )
*As a reminder, Weekly Change in hotel occupancy has reversed since mid-August ⬇https://t.co/Rox1chNwWe— Christophe Barraud (@C_Barraud) September 23, 2020
#GERMANY SEPT PRELIMINARY MANUFACTURING PMI: 56.6 V 52.5E (3rd straight expansion and highest reading since Jun 2018)
– Services PMI: 49.1 v 53.0e (lowest since June 2020)
– Composite PMI: 53.7 v 54.0e (lowest since June 2020)
*Link: https://t.co/ZcYWpSWYrH pic.twitter.com/VP7Sk87TXj— Christophe Barraud (@C_Barraud) September 23, 2020
#EUROZONE SEPT PRELIMINARY MANUFACTURING PMI: 53.7 V 51.9E (highest reading since Aug 2018)
– Services PMI: 47.6 v 50.6e (4-month low)
– Composite PMI: 50.1 v 52.0e (3-month low)
*Link: https://t.co/1sNC67rewe pic.twitter.com/Dy1gKs052u— Christophe Barraud (@C_Barraud) September 23, 2020
Signs of a post-lockdown recovery in the UK economy are fading https://t.co/TZpT3XZa6h
— Bloomberg Economics (@economics) September 23, 2020
La Comisión Europea asume en sus previsiones que no habrá acuerdo de #Brexit con el Reino Unido – El Economistahttps://t.co/Ih77ZUvV83
— Christophe Barraud (@C_Barraud) September 23, 2020