Latest data released by Challenger, Gray, and Christmas Inc
– 116k
US-based employers announced an additional 118,804 job cuts in September, up 2.6% from August with bars, restaurants, hotels and amusement parks i.e. entertainment and leisure sectors, the bulk that drove layoffs last month.

FT reporter, Sebastian Payne, tweets
Officials with knowledge of the talks say a landing zone on state aid has been identified but „fishing is the last sticking point. We both have to jump together.“

The mood in Whitehall as „cautiously optimistic“ but insiders warn „it’s going to go to the brink.“
report

ECB vice president, Luis de Guindos, says that there is no need to decide on adjusting PEPP immediately
– We are totally open to recalibrating measures
– But no need to decide on adjusting PEPP immediately
This mainly just reaffirms their current policy stance i.e. they still see no urgency to pursue further action just yet despite inflation

Latest data from the Mortgage Bankers Association for the week ending 25 September 2020
–  +6.8%
– Market index 769.6 vs 808.5 prior
– Purchase index 320.9 vs 327.0 prior
Despite the long-term rate falling to the lowest in the survey’s history, mortgage activity is seen moderating after a robust lift in the week prior. Both refinancing and purchases

Forex news from the European trading session – 30 September 2020
Headlines:
Markets:
– USD leads, CHF lags on the day
– European equities lower; E-minis down 0.5%

Reuters reports, citing sources familiar with the matter
The antitrust case against Google is said to be proposed by Huawei, with China’s top market regulator submitting the proposed case to the state council for review.

Singapore announces that it will lift border restrictions for visitors from Australia and Vietnam from 8 October
This adds to travelers from Brunei and New Zealand, which were already approved to enter Singapore in early September. But there will still be a travel restriction applied to Australians from the state of Victoria at this point in

EUR/USD falls to a session low of 1.1702 as sellers look for a firm break below the 200-hour moving average
The euro has had a decent start to the week in the past two days but all of that is under threat now as sellers are looking to stage a return with a push back under

Comments by UK prime minister, Boris Johnson
– UK economy is under-productive
– The economy has been shaken by the virus crisis
– UK has shortages of many crucial skills
Pretty much just stating the fact, but the slack in the UK labour market has been rather well documented for quite a while already even before the pandemic struck.

Will dollar flows follow in the session ahead?
The EUR/USD 3-month basis swap has widened to its most since June while the yen-dollar 3-month basis swap has widened to its most since the end of March, with month-end and quarter-end trading in focus over the next two days.