Maitland/AMO Morning Monitor – Friday 21 August 2020

21st August 2020

In the news

  • Joe Biden accepts Democratic presidential nomination
  • UK government debt hits £2tn for first time
  • Steve Bannon charged with fraud over border wall fundraiser
  • Uber and Lyft win reprieve to keep operating in California

Politics today

  • Opposition MPs and campaigners will today pile pressure on the government to perform a second U-turn this week and extend the eviction ban for renters.
  • Chief U.K. Brexit negotiator David Frost and his EU counterpart Michel Barnier will today wrap up the latest round of Brexit talks in Brussels.
  • Transport Secretary Grant Shapps will launch a new “acceleration unit” tasked with speeding up the building of road and rail projects to avoid HS2-style nightmares.

Stock market moves

  • In Europe, the FTSE 100 opened up 0.17% and the STOXX 600 opened up 0.56%.
  • In Asia, Hong Kong’s Hang Seng led the region with gains of 1.3% while China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks rose 0.8%. Japan’s benchmark Topix index was 0.3%
  • The S&P 500 benchmark ended the day up 0.3%.
  • Futures markets as of 8:15BST show US stocks on track for a slight rise at the open on Wall Street.