Blogs

Will digital investment pay dividends?  One winner of the COVID-19 outbreak has been the digital stay at home companies. Netflix, Amazon, Facebook, and all companies that are in the tech sphere have seen their usage increase. Furthermore, many companies are finding that their workforce are more than able to fulfil their responsibilities fr

Latest data released by ONS – 19 June 2020 – £61.4 billion; revised to £47.8 billion – PSNB (ex banks) £55.2 billion vs £50.0 billion expected Slight delay in the release by the source. Of note, central government debt remains elevated at £62.7 billion compared to the £63.5 billion seen in April.

Modest gains to wrap up the week for the Nikkei The Hang Seng is up by 0.1%, paring earlier losses while the Shanghai Composite is also at the highs going into the final hour now trading up by 0.8%.

Latest data released by ONS – 19 June 2020 – -18.1%; revised to -18.0% – Retail sales -13.1% vs -16.4% y/y expected – Prior -22.6%; revised to -22.7% Slight delay in the release by the source. The rebound in retail sales activity is on the higher side of economist estimates and that can be taken […]

Latest data released by Destatis – 19 June 2020 – -0.7% – PPI -2.2% vs -2.0% y/y expected – Prior -1.9% Slight delay in the release by the source. Producer prices continue to slump amid waning price pressures, which we have already seen in inflation data as well already.

Daily thread to exchange ideas and to share your thoughts Major currencies are still largely trapped in narrow ranges after the dollar firmed in overnight trading, with cable notably the biggest loser in a fall to test 1.2400.

Described as a virus expert, Wu Zunyou speaking on a CCTV interview 

Tokyo has lifted all restrictions on businesses on Friday  – People in Japan will no longer be asked to refrain from crossing prefectural borders – metropolitan government withdrew its temporary closure request on entertainment establishments where people come into close contact in enclosed spaces, exiting the last phase of its

Japanese government has raised its economic view for the first time since January of 2018 – upgrades its economic assessment for June – says the economy has 'almost stopped deteriorating' (wow, that's a low hurdle for an upgrade of the assessment)

Forex news for Asia trading Friday 19 June 2020  There only very minor swings across major FX today during the session in Asia. News flow was non impactful.