Familiar Matters At The Fore To Start A New Week

Equity futures are bid to start the week, with some positive musings on U.S. fiscal stimulus evident (although clear differences between both sides of the discussion remain) and U.S. President Trump's health seemingly taking a turn for the better over the weekend.

• On the U.S. fiscal side it is also worth highlighting that Politico noted the following over the weekend: "On Thursday, Pelosi and Mnichin held a private phone call with Fed Chair Powell to discuss state and local funding, and municipal lending. This call has not yet been reported, and underscored the lengths to which the two principals are going to try to get a deal."
• JPY struggling amongst G10 as a result, with GBP also on the defensive on the back of local COVID developments despite the UK & EU agreeing to intensified Brexit negotiations via a call between Messrs Von der Leyen & Johnson on Saturday (albeit with clear differences surrounding some key area still intact). T-Notes hold a tight range thus far.
• The ongoing Chinese holiday, in addition to regional holidays in some of the Australian states, will sap liquidity from the time zone on Monday. There is little in the way of tier one event risk slated on the Asia-Pac regional docket on Monday.