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.
22 September, 2020283 views