Blogs

DAX trims earlier losses to around 1.5% currently For bank trade ideas, check out eFX Plus European indices were sharply lower at the opening stages, down by close to 3% but have trimmed gains in the past hour as we see the DAX now keep lower by around 1.5%.

Latest data released by Eurostat – 15 June 2020 For bank trade ideas, check out eFX Plus

According to Chinese state media China has been particularly strict about the reopening of entertainment and leisure outlets amid the coronavirus crisis, and the latest happenings in Beijing will only serve to reinforce the conviction by authorities to keep these venues closed for the time being.

Concerns are brewing in the Chinese capital For bank trade ideas, check out eFX Plus This relates to the fresh set of cases above, with some cities in China now also imposing a mandatory quarantine for travellers from Beijing.

Japan economy minister, Yasutoshi Nishimura, reaffirms the government's plans to continue with reopening plans From 19 June onwards, the Japanese pro baseball league will be allowed to resume and Universal Studios will also officially reopen (soft reopening was already on 8 June).

Comments by the German economy ministry on the outlook – Easing of lockdown suggests we have passed economic trough – Expects Q2 economic output to decline much more sharply than in Q1 For bank trade ideas, check out eFX Plus

Latest data released by the SNB – 15 June 2020 – Domestic sight deposits CHF 600.3 bn vs CHF 594.5 bn prior Prior week's release can be found . Overall sight deposits declined for a second consecutive week (domestic did rise though) as it would seem the SNB isn't stepping in as strongly as compared […]

UK prime minister Boris Johnson will be in a call with European Commission president Ursula von der Leyen later in the day For bank trade ideas, check out eFX Plus

The risk-off mood from Asian trading transfers over – Eurostoxx -2.3% – Germany DAX -2.4% – France CAC 40 -2.5% – UK FTSE -2.1% – Spain IBEX -2.6% For bank trade ideas, check out eFX Plus

Is it time to start talking about circuit breakers again? For bank trade ideas, check out eFX Plus The sour risk mood is reverberating across the market to start European trading, and that is weighing on risk assets as we get things going on the session.