Saturday Brief – September 12th 2020
Americas
All three major indexes on Wall street posted their second straight week of declines as investors continued to sell off big cap growth stocks like Amazon, Apple and Microsoft. Read more https://t.co/dk87PEqwb7 pic.twitter.com/IbJJBXMsGU
— Reuters Business (@ReutersBiz) September 12, 2020
Stock Sound and Fury So Far Failing to Signify This Rally’s Doom – Bloomberg
*Link: https://t.co/3B4Uqq4AcH pic.twitter.com/BQJRnTM1BU— Christophe Barraud (@C_Barraud) September 12, 2020
SoftBank Reconsiders Trading Strategy That Hurt Shares – Bloomberg
*Link: https://t.co/kksaOOlVy3 pic.twitter.com/Tp6zaviMMH— Christophe Barraud (@C_Barraud) September 12, 2020
Sentiment check…
BARRON'S magazine cover:
"NOT READY TO POP
The tech bubble could keep growing, despite recent setbacks for the stocks.
How to invest now"☝️(Hopefully not with Call options) pic.twitter.com/SHQdSSUzUJ
— Macro Charts (@MacroCharts) September 12, 2020
Mitch McConnell Pessimistic About Another Stimulus Package: 'Doesn't Look Good' – Newsweekhttps://t.co/mNOZMZpHei
— Christophe Barraud (@C_Barraud) September 12, 2020
Crucial aid for U.S. workers has expired and Washington is at a standstill.
Here's the latest on the stimulus talks https://t.co/IuStfJGxGG
— Bloomberg Economics (@economics) September 11, 2020
Asia
China would rather see TikTok go dark in the U.S. than be forced into a sale, sources told @Reuters. Read more https://t.co/sbwMcApRh8 pic.twitter.com/OSzIZs06RZ
— Reuters Business (@ReutersBiz) September 12, 2020
Japan is preparing to relax restrictions for events including professional sports games https://t.co/EYKiZUKNHZ
— Bloomberg Economics (@economics) September 12, 2020
All three major indexes on Wall street posted their second straight week of declines as investors continued to sell off big cap growth stocks like Amazon, Apple and Microsoft. Read more https://t.co/dk87PEqwb7 pic.twitter.com/IbJJBXMsGU
— Reuters Business (@ReutersBiz) September 12, 2020
Philippine and Chinese defense chiefs try to ease South China Sea tensions.https://t.co/5IE5zjtfsW
— Nikkei Asian Review (@NAR) September 12, 2020
#Taiwan is set to open an economic dialogue with the #US as early as next week, laying the groundwork for talks on a free trade agreement while the island unwinds cross-strait economic integration with #China.https://t.co/7Br2J26RXo
— Nikkei Asian Review (@NAR) September 12, 2020
Europe
#Europe #Covid_19: Daily Summary (September 12th)
*Focus on #Germany, #Spain, #France and #Italyhttps://t.co/lesEdcprhQ
— Christophe Barraud (@C_Barraud) September 12, 2020
EU vows extended stimulus as crisis uncertainty looms https://t.co/xdlH7EL0B8
— Financial Times (@FT) September 11, 2020
Get caught up with the latest Brexit news as the clock ticks down https://t.co/aEmj7JMifU
— Bloomberg Australia (@BloombergAU) September 11, 2020
EU lawmakers to block EU-U.K. trade deal if Brexit divorce treaty not fully implemented – official https://t.co/mUzwfi8G2q pic.twitter.com/zL3DDy3VCp
— Reuters Business (@ReutersBiz) September 11, 2020
Spain wants Gibraltar to join the passport-free Schengen zone after the Brexit transition period.
This is a controversial proposal for the UK. https://t.co/kU8n8B6KuP
— POLITICOEurope (@POLITICOEurope) September 12, 2020
A little ray of light shines on “Global Britain” as the UK agrees on a trade deal with Japan.https://t.co/5O3a2lbHK6
— POLITICOEurope (@POLITICOEurope) September 11, 2020
Markets increasingly expect further rate cuts by the Bank of England https://t.co/PaOoNhlMUV
— Bloomberg Australia (@BloombergAU) September 11, 2020
#Spain Seeks to Tax Facebook, Google Services as Phone Carriers – Bloomberghttps://t.co/FZddnZercE
— Christophe Barraud (@C_Barraud) September 12, 2020
Speculators have not lost their confidence in the euro despite warning by ECB chief economist Philip Lane. Net Euro long positions rose by 67 to 196,814 positions equal to about $30bn. pic.twitter.com/v5GE8dsZue
— Holger Zschaepitz (@Schuldensuehner) September 12, 2020
#Turkey Downgraded By Moody’s as Buffers Slide, Risks Pile Up – Bloomberghttps://t.co/tHFMBv9Uxo
— Christophe Barraud (@C_Barraud) September 12, 2020