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GOLD TECHS: BACK BELOW $2,000

WTI TECHS

WTI TECHS: (U20) FADED OFF Off 43.52

ECB

O/N DEPOSITS & BORROWING

POLICY

DATA

POLITICAL RISK

China To Raise WeChat/TikTok In Phase 1 Talks With US: BBG

Bloomberg reported earlier (citing unnamed sources) that Beijing will push to discuss the recent US measures targeting TikTok and WeChat, as part of the overall talks on the implementation of the Phase One trade deal.

Virtual talks which will include agricultural purchases and the USDCNY exchange rate are set to take place "as soon as this week" but there is no firm date, per Bloomberg's sources.

Production Of COVID-19 Vaccine To Start In 2 Weeks

Russian state-owned news outlet TASS is citing Health Minister Mikhail Murashko that the country will begin producing the COVID-19 vaccine that was given regulatory approval on August 11 within 2 weeks.

Khan On Course For Comfortable Win In Rearranged London Vote: Poll

Latest opinion poll by Redfield Wilton shows Mayor of London retaining strong support ahead of the rescheduled London mayoral election to be held in May 2021.

  • The election was due to be held in May 2020, but was postponed due to COVID-19.
  • 1st Round voting intention: Khan (Labour): 49%, Bailey (Conservative) 26%, TBC (Liberal Democrat) 12%, Berry (Green) 9%.
  • 2nd Round voting intention: Khan (Lab): 61%, Bailey (Con) 39%
  • Poll carried out Aug 5-7 on 2,500 eligible London voters.
  • Mayoral election likely to be demonstrative of the Conservatives' continued slide to minority status in the capital. Having won the mayoralty twice, in 2008 and 2012 under Boris Johnson, the Conservatives continue to lose ground in the city that voted heavily to remain in the EU in 2016.

ECONOMIC DATA CALENDAR AND EVENTS

ImpactCountryDate/timeEventData Points / descriptionforecastprevious

FR

14/08/2020
06:45 GMT
HICP (f)
HICP (f) m/m0.40.4
HICP (f) y/y0.90.9

CN

14/08/2020
02:00 GMT
Fixed-Asset Investment
fixed-asset investment y/y-1.6-3.1

US

13/08/2020
20:30 GMT
Fed Weekly Money Supply Data
Fed weekly securities holdings

US

13/08/2020
15:00 GMT
Atlanta Fed President Raphael Bostic to speak at a National League of Cities Constituency Groups Virtual Summit on "Equitable Solutions for the Future of Cities." No audience Q&A. No text.

US

13/08/2020
14:30 GMT
Natural Gas Stocks
natural gas stocks w/w

US

13/08/2020
12:30 GMT
import/export price index
imports price index0.41.40
exports price index0.61.40

US

13/08/2020
12:30 GMT
Jobless Claims
jobless claims11101186

ES

13/08/2020
07:00 GMT
HICP (f)
HICP (f) m/m-1.6-1.6
HICP (f) y/y-0.7-0.7

DE

13/08/2020
06:00 GMT
HICP (f)
HICP (f) m/m-0.5-0.5
HICP (f) y/y00

FR

13/08/2020
05:30 GMT
unemployment
unemployment q/q97.8

JP

12/08/2020
23:50 GMT
CGPI
Corp goods price index m/m+0.6
CGPI y/y-1.6

US

12/08/2020
22:00 GMT
Dallas Fed President Robert Kaplan to participate in a moderated discussion with the City of Houston's COVID-19 Relief and Recovery Czar and former Chairman and President of Shell Oil Company Marvin E. Odum. Conversation related to the COVID-19 pandemic, including: Houston’s response to COVID-19, the Federal Reserve’s monetary policy actions during the pandemic, and reopening the economy.

US

12/08/2020
19:00 GMT
San Francisco Fed's Mary Daly to speak at an "Economic Club of Las Vegas: Virtual Event Series" event in a fireside chat moderated by President Ken Heck on the current status of the U.S. economy and the ongoing impacts of COVID-19. No prepared remarks expected. Livestream via YouTube Live. Group media interview immediately following the event.

US

12/08/2020
18:00 GMT
Treasury Budget
Treasury budget balance-864.1

US

12/08/2020
15:00 GMT
Dallas Fed President Robert Kaplan to speak with the Lubbock Chamber of Commerce. Audience Q&A.

US

12/08/2020
14:30 GMT
DOE weekly crude oil stocks
crude oil stocks ex. SPR w/w

US

12/08/2020
14:10 GMT
Boston Fed President Eric Rosengren to speak with the South Shore Chamber of Commerce about the U.S. economy and current financial conditions. Audience Q&A. No media Q&A. Text expected.

US

12/08/2020
12:30 GMT
CPI
CPI0.30.6
CPI Ex Food and Energy0.20.2

CN

12/08/2020
12:00 GMT
Social Financing
social financing (date tba)1.8463.434

CN

12/08/2020
12:00 GMT
New Loans
new loans (date tba)1.2001.811

CN

12/08/2020
12:00 GMT
Money Supply
M2 ytd y/y (date tba)11.111.1

US

12/08/2020
11:00 GMT
MBA weekly applications index
MBA Mortgage Applications-5.1

EU

12/08/2020
09:00 GMT
industrial production
industrial production m/m1012.4
industrial production y/y wda-11.6-20.9

IT

12/08/2020
08:00 GMT
HICP (f)
HICP (f) m/m
HICP (f) y/y0.90.9

SE

12/08/2020
07:30 GMT
Inflation report
CPIF m/m-0.10.6
CPIF y/y0.20.7
CPI m/m-0.10.6
CPI y/y0.20.7

UK

12/08/2020
06:00 GMT
Output in the Construction Industry
construction output m/m158.2
construction output y/y-29.8-39.7

UK

12/08/2020
06:00 GMT
Index of Services
Index of Services m/m8.20.9
Index of Services 3m/3m-20.3-18.9

UK

12/08/2020
06:00 GMT
Index of Production
Manufacturing output m/m108.4
Manufacturing output y/y-15-22.8
Industrial production m/m9.96
Industrial production y/y-12.2-20

UK

12/08/2020
06:00 GMT
Trade Balance
total trade balance2.6504.296
visible trade balance-4.4-2.80
non-EU trade balance-0.660.649

UK

12/08/2020
06:00 GMT
GDP First Estimate
GDP (1st) q/q-20.5-2.2
GDP (1st) y/y-22-1.7

UK

12/08/2020
06:00 GMT
GDP First Estimate
GDP (1st) q/q
GDP (1st) y/y

UK

12/08/2020
06:00 GMT
Index of Production
Manufacturing output m/m
Manufacturing output y/y
Industrial production m/m
Industrial production y/y

UK

12/08/2020
06:00 GMT
Trade Balance
total trade balance
visible trade balance
non-EU trade balance

US

11/08/2020
16:00 GMT
San Francisco Fed's Mary Daly to speak at a "Professional Business Women of California, Annual Conference" and give a fireside chat. No prepared remarks expected. No media availability.

US

11/08/2020
15:00 GMT
Richmond Fed President Tom Barkin will speak in a webinar with the Center for Regional Economic Competitiveness.

US

11/08/2020
12:55 GMT
Redbook Retail Sales Index
Redbook retail sales m/m

US

11/08/2020
12:30 GMT
PPI
Final Demand PPI0.3-0.2
PPI ex. food and energy0.1-0.3
PPI ex. food, energy, trade0.20.3

CA

11/08/2020
12:15 GMT
Housing Starts – CMHC (Canadian Mortgage and Housing Corp)
CMHC housing starts205211.7

CN

11/08/2020
12:00 GMT
Social Financing
social financing (date tba)1.8463.434

CN

11/08/2020
12:00 GMT
New Loans
new loans (date tba)1.2001.811

CN

11/08/2020
12:00 GMT
Money Supply
M2 ytd y/y (date tba)11.111.1

US

11/08/2020
10:00 GMT
NFIB Small Business Optimism Index
NFIB Small Business Index100.4100.6

DE

11/08/2020
09:00 GMT
ZEW Current Expectations Index
ZEW Current Expectations Index

DE

11/08/2020
09:00 GMT
ZEW Current Conditions Index
ZEW Current Conditions Index-69.3-80.9

MNI EXCLUSIVE: Brazil Tax Reform Revamp Likely This Month

BRASÍLIA (MNI)

Two bills set to be submitted in short order, government sources said.

MNI Technical Analysis

POLITICAL RISK HIGHLIGHTS

by Tom Lake

Chart 1 – Short-Term COVID-19 Cases and Fatalities, Nominal and % Chg Day-to-Day (5dma)

Source: JHU, MNI. All data correct as of 0600BST 11 August, and represents full-day data submissions, rather than intra-day figures.

Full article PDF attached below:

https://emedia.marketnews.com/marketnewsintl/MNI_P...

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