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News overview for today

Welcome Tuesday traders. Here's the latest news and analysis to help you start your day:

  • Fed Chairman Jerome Powell said the US economy is improving but has a long way to go to fully recover
  • Christine Lagarde said the ECB has room to add stimulus and can adapt its already vast toolbox if the economy needs more help.
  • The surge in guerrilla warfare to replace Supreme Court Justice Ruth Bader Ginsburg has hurt the already modest prospects for another round of US fiscal stimulus.
  • The end of unemployment benefits and small business aid should deduct at least 5 percentage points from US growth in the fourth quarter.
  • Boris Johnson will announce new restrictions on bars and restaurants as he seeks to stem the rise in coronavirus cases that threaten Britain's fragile economic recovery.
  • France said the EU should continue to pursue a free trade agreement with the UK, warning that any breach by Britain of the Brexit agreement would end the pressure.
  • Dallas Fed President Robert Kaplan, who disagreed at a policy meeting last week, said he did not want to oblige the US central bank to stimulate monetary regulation too much.
  • It's hard to find a world leader who has a better year 2020 than Taiwanese President Tsai Ing-wen. But Tsai has one serious problem: the Communist Party is threatening her life, and her Global Times reports that she will be “destroyed” in the war.
  • Migrant workers from developing Asia have been able to send home record amounts of money in recent months, running counter to pandemic expectations and supporting their economies.