Morning Brief – September 24th 2020
Americas
Fed Pleads Anew for Stimulus, and Markets Start to Give Up Hope
Parade of central bankers warn of slowdown after solid restart
Careful Powell contrasts with full-throated calls from othershttps://t.co/3V5WcaBfsC
— PiQ (@PriapusIQ) September 24, 2020
WATCH: 'The recovery will go faster if there is support coming both from Congress and from the Fed,' Jerome Powell told lawmakers https://t.co/PsoQYlaqVo pic.twitter.com/kH1QIqLe2h
— Reuters Business (@ReutersBiz) September 24, 2020
Apart from asking local politicians in Wisconsin to be vigilant about #China's propaganda and espionage campaigns, @SecPompeo also encouraged business people to ignore #China's threats and increase interaction with #Taiwan. https://t.co/C0hCfHARpw
— William Yang (@WilliamYang120) September 24, 2020
Poll: Biden leads Trump by 10 points nationally https://t.co/1DgqiXZhqO pic.twitter.com/iDkfFSPiGH
— The Hill (@thehill) September 24, 2020
From @Breakingviews: While a U.S. judge temporarily blocked President Trump’s order forcing Apple and Google to remove WeChat from their app stores, the White House is still committed to banning Chinese technology based on national security risks, @GinaChon explains pic.twitter.com/l5V17eJQMe
— Reuters Business (@ReutersBiz) September 24, 2020
Asia
China’s economy undergoing ‘two very different recoveries’, study that counters official data says, reports @fbermingham #china #China #economicrecovery #economy https://t.co/rQlp9ycaWm
— SCMP Economy (@scmpeconomy) September 23, 2020
Chinese consumers are finally starting to spend again, but the recovery is unbalanced and overly reliant on luxury goods https://t.co/1SCUxt3KGa
— Bloomberg Economics (@economics) September 24, 2020
China’s post-coronavirus construction boom shows signs of cooling as steel output slows https://t.co/rStPpvUmJL
— SCMP News (@SCMPNews) September 23, 2020
Australia moves to overhaul bankruptcy rules for small businesses https://t.co/8PYo5bNt0k
— Bloomberg Economics (@economics) September 24, 2020
South Korea official shot dead by North Korean troops after crossing border: Seoul – CNNhttps://t.co/4dXXWOzSJb
— Christophe Barraud (@C_Barraud) September 24, 2020
Beijing authority gets Bytedance application for tech export licence: ministry https://t.co/AzOylzgIF6 pic.twitter.com/dKRZBxcIkT
— Reuters Business (@ReutersBiz) September 24, 2020
Europe
-ECB set to hand banks more ultra-cheap cash to boost lending
-Virus forces Sunak to spend more on saving UK jobs and firms
-Sunak can flex the UK's stimulus credit card in unfazed markets
Here's a rundown of your top economic news today https://t.co/LsMViKbRm5— Bloomberg Economics (@economics) September 24, 2020
#Europe #Covid_19: Daily Summary (September 24th)
*Focus on #Germany, #Spain, #France and #Italyhttps://t.co/rRo2Zyg795
— Christophe Barraud (@C_Barraud) September 24, 2020
France introduces new measures to fight the rapid resurgence of the coronavirus in major cities https://t.co/jEuvKVehoV
— Bloomberg Economics (@economics) September 24, 2020
Germany Ifo slightly softer than expectations. Business Climate Index at 93.4 vs 93.8 forecast, while expectations component came in at 97.7 vs 98.0. Still represents increase for Sep from 92.5 in Aug despite rising infections. Shows German recovery on track but is slowing a bit. pic.twitter.com/UjERTpmfYx
— Holger Zschaepitz (@Schuldensuehner) September 24, 2020
Here's the recap of all ECB's LTRO operations (excluding the regular 3-month operations) and the net liquidity flows around the 30 September settlement. pic.twitter.com/lVMEB3aDV5
— Frederik Ducrozet (@fwred) September 24, 2020
Rishi Sunak will set out a new crisis spending plan as the coronavirus outbreak forces the U.K. to return to emergency measures https://t.co/k1N5gtaMla
— Bloomberg Economics (@economics) September 24, 2020