The DAX turns flat and erases its 1% decline at the open European equities are taking more of a cue from US futures all of a sudden, erasing its opening drop to keep closer to flat levels. There's still an air of retracement to the sharp declines yesterday associated with this move but let's see […]
Blogs
European equities open softer to kick start the day
The softer tones are still sticking around – Eurostoxx -0.9% – Germany DAX -0.9% – France CAC 40 -1.0% – UK FTSE -1.0% – Spain IBEX -0.6% For bank trade ideas, check out eFX Plus
Spain May final CPI -0.9% vs -1.0% y/y prelim
Latest data released by the National Statistics Institute – 12 June 2020 – CPI 0.0% vs 0.0% m/m prelim – HICP -0.9% vs -0.9% y/y prelim – HICP +0.1% vs 0.0% m/m prelim The preliminary release can be found . Little change to the initial estimates as Spanish headline inflation sits in deflation territory. The […]
German economic adviser says need to avoid another lockdown even if there is a second virus wave
Comments by German economic adviser, Lars Feld As mentioned before, the threshold for governments to impose lockdown measures again will arguably be higher than the first wave of infections now that they understand the economic carnage and costs associated with taking such action.
Germany's Scholz: Consumers should go shopping again, be optimistic
Comments by German finance minister, Olaf Scholz As much as we see many people starting to come back out and go about their daily lives, what we don't see is the extreme i.e. people who are still refusing to come back out.
France May final CPI +0.4% vs +0.2% y/y prelim
Latest data released by INSEE – 12 June 2020 – CPI +0.1% vs 0.0% m/m prelim – HICP +0.4% vs +0.2% y/y prelim – HICP +0.2% vs 0.0% m/m prelim For bank trade ideas, check out eFX Plus
Oil faces headwinds
Oil to struggle Oil prices have had a great run over the last few weeks. However, with the Fed holding back from Yield Curve Control and the risks of COVID-19 second waves occurring the case for global demand rising seems unlikely. Here are some further reasons for oil to face pressure to the downside from […]
Eurostoxx futures -0.6% in early European trading
A little softer in early trades after the rout yesterday – German DAX futures -0.6% – UK FTSE futures -0.6% – Spanish IBEX futures -0.7% For bank trade ideas, check out eFX Plus
UK April visible trade balance -£7.5 billion vs -£11.0 billion expected
Latest data released by ONS – 12 June 2020 – -£12.5 billion; revised to -£11.9 billion – Non-EU trade balance -£2.7 billion vs -£4.4 billion expected For bank trade ideas, check out eFX Plus
UK April monthly GDP -20.4% vs -18.7% m/m expected
Latest data released by ONS – 12 June 2020 – -5.8% – Monthly GDP -10.4% vs -10.0% 3m/3m expected – Prior -0.1% For bank trade ideas, check out eFX Plus Slight delay in the release by the source. Those are some awful figures and it goes without saying that the plunge in economic conditions during […]