Chinese firms press on with US stock market listing plans despite Trump threats

Given the giddy behaviour on US stock markets its not difficult to see why firms would be keen to get their IPOs done.   Asia press reports:   Link here for more. ---

US to impose restrictions on additional Chinese media outlets

The US has earmarked another four state-run Chinese media outlets as foreign embassies says Reuters.  - Doing so results in increased restrictions on their operations on US soil The State Department action could come on Thursday says the report. To include:

Mexico has reported a new daily record of coronavirus deaths +1,092 (toll now 11,729)

Daily case count up a record also, by 3,912 to 101,238 Case numbers reported daily can vary depending on the number of tests carried out of course. That caveat aside, dreadful data from Mexico. 

Another round of Australian economic stimulus announced, 688m AUD for the construction sector

A stimulus package intended to support the home building sector - AUD25K grant for new home building or homeowners renovations - temporary scheme that will last until the end of the year  

As Brexit trade talks continue, news that Rolls-Royce confirms 3,000 job cuts across the UK

Its a busy week for GBP with Brexit trade talks underway (some sort of statement is expected Friday). Earlier post on the negotiations: Rolls-Royce, which makes jet engines, will cut 3,000 jobs across the UK

AUD update, higher due to FOMO & central banks

A snippet from CIBC on the Australian dollar  - Australian dollar pushed higher by "fear of missing out" and stimuli from central banks  Says in an environment such as the current global environment AUD should not have been expected to do so well, but it has (CIBC says its alone in this category)

Apple is disabling iPhones looted from its stores

Apple (AAPL) stores in New York, Los Angeles, Philadelphia, Portland and Washington, D.C. have been amongst those broken into and robbed. - report that looted iPhones have been disabled and that the company has begun tracking them How to unlock a stolen iPhone - is there an app for that?

More from Trump - says he has not thought. About sanctions on Xi over Hong Kong

Trump in an interview (with Sean Spicer!) - earlier: More now: - has not thought about sanctions on China's President Xi over Hong Kong Meanwhile ex Defense Secretary Mattis has scathing remarks crossing, such as:

Trump says economy will be even better with a little time - 'mind boggling' numbers coming in fall

Trump is speaking in an interview with Sean Spicer  more to come   For bank trade ideas, check out eFX Plus

Oil - BP is evacuating offshore workers in Gulf of Mexico due to oncoming storm

Tropical Storm Cristobal is projected to move north through the Gulf of Mexico toward the US Gulf Coast by Sunday BP cutting Gulf of Mexico oil production For bank trade ideas, check out eFX Plus

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