Spain recommends for Madrid to go into total lockdown 0 (0)

The Spanish government recommends Madrid to extend lockdown restrictions to all parts of the region
Madrid just announced that they are raising the number of areas under lockdown to 45 from 37 moments ago, adding that about 1 million people in the region are reported to be in lockdown based on the latest restrictions.

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Pound a little higher on the day as buyers keep up defense of key daily moving averages 0 (0)

The pound is up in European morning trade
here
That still remains the key technical level to watch for now, with the pound also hoping to take comfort from UK finance minister, Rishi Sunak’s announcement on a wage support scheme – to help alleviate some pressure from the jobs market.

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UK’s Sunak: The main goal is to support jobs, but we need to change how we do this 0 (0)

UK finance minister, Rishi Sunak, announces the new jobs support scheme
– As the economy reopens, it is fundamentally wrong to keep furlough scheme
– I cannot save every business, every job
As the furlough program comes to an end in October, these are the new measures introduced to try and support the labour market to prevent job

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UK September CBI retailing reported sales 11 vs -10 expected 0 (0)

Latest data released by CBI – 24 September 2020
This is a bit unexpected, as UK retail sales growth came in at its fastest pace since April 2019 as the recovery in consumption activity continues into September. The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy.

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US MBA mortgage applications w.e. 18 September +6.8% vs -2.5 prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 18 September 2020
–  -2.5%
– Market index 808.5 vs 757.2 prior
– Purchase index 327.0 vs 316.2 prior
Mortgage activity continues to stay rather robust with the boost in the past week helped by both a surge in purchases and refinancing activity. Of note, the purchase index

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UBS says expects emergency approval of 1-3 vaccines in Q4 2020, to spark rotation in equities 0 (0)

UBS‘ asset management arm weighs in on the market outlook later in the year
The firm says that they expect some form of emergency approval of between one to three coronavirus vaccines during Q4 2020, adding that they expect „full approval for broad inoculation to begin by the middle of next year“.

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