European FX news – Post-links Paragraph Text Here, don't forget an image. Markets: The markets have taken an understandable breather post NFP and ahead of the FOMC on Wednesday. Will the Fed attempt yield curve control to keep borrowing costs down for companies or with they allow the Treasury spike to potentially move
Blogs
How close were the SNB to acting on the CHF?
Via Bloomberg A point made by Bloomberg's markets live blog that the CHF's weakness is corresponding wih the bear steepening in global curves, with the increase in German yields particularly strengthening the Euro against other crosses. However, MLIVE blog make a case the longer end of global yield curves may be getting too cheap. The [&h
Mid morning European market themes
Moods of the moments For bank trade ideas, check out eFX Plus
Tesla china model 3 vehicles up 205% m/m
Tesla sales up in China Headlines like this bode well for a rebound to get the car market going again. Tesla sold 11,095 China made model 3 vehicles in May and that puts sales up 205% m/m.
OPEC producers no plan to continue with voluntary oil cuts
Oil dips on the headline, via Reuters For bank trade ideas, check out eFX Plus
At least 50% of Singapore's recent COVID-19 cases are asymptomatic
Via Reuters According to Gov't virus taskforce Chief Lawrence Wong For bank trade ideas, check out eFX Plus
Eurozone June Sentix investor confidence -24.8 vs -22.0 expected
Latest data released by Sentix – June 08 Despite news of economies opening up the consumer confidence remains low. Headline comes in a little worse than expectations. This plays into the weaker vibes sent though the markets on the .
Oil's rally to end now or further to go?
OPEC extend cuts Oil's rally had a possible last hurrah after . The new deal is to cut 9.6m b/d instead of easing to 7.7m b/d as planned prior to this extension.
SNB total sight deposits w.e. June 5 CHF 680.1bn vs CHF 681.6 bn prior
Latest data released by the SNB June 8 Prior's weekly release can be found . Here is a table below of the last few releases below as the SNB step up their efforts to keep the CHF from gaining too much against the EUR. Recent European events make that job a little easier, so the […]
AstraZeneca and Gilead Science to merge?
How likely is deal? Bloomberg reported that AstraZeneca contacted Gilead last month about a potential $232 bln pharma powerhouse merger. According to Jefferie analysts the merger is unlikely: