The airline spat de-escalates The US had planned to band Chinese passenger flight from the US because China had blocked US carriers on coronavirus fears. However China has now backed down and the US has revised its plan, according to multiple reports.
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European equity markets finish the week with gains greater than 10%
Massive week for European stock markets Closing changes for the main bourses: On the week: For bank trade ideas, check out eFX Plus
NASDAQ index extends above its all-time highest closing level
Highest closing level comes in at 9817.18 The NASDAQ composite index has extended above its all-time highs closing level at 9817.18. The high price just reached 9826.469.
The odds of another big US stimulus package are falling
The chance rose on the protests At the start of this week, there was a report that Congress had started to get serious about another stimulus package because of the widespread protests.
Trump says he thinks there will be 'surprises' on vaccines
Trump comments on jobs – Don't know why some governors continue to lockdown – Economic strength helped country get through pandemic – The virus is a gift from China and a very bad gift For bank trade ideas, check out eFX Plus
Canada May Ivey PMI 42.1 vs 23.6 prior
Canada Ivey PMI for May 2020 For PMIs, it's important to note that improvement doesn't mean improvement in the underlying business. Any reading below 50 is still a contraction, so this is simply a slower contraction.
Major indices open with solid gains led by the Dow 30
Dow industrial average played catch up with a 2.7% gain A snapshot of the major indices currently shows The Dow 30 stocks have been the beaten-down index. It still is down -5.34% on the year, but for the week the Dow 30 is leading the charge with a 6.33% gain. Boeing is helping that index […]
Is the jobs report a game-changer?
It certainly is for sentiment as fear turns to greed Despite the huge rally in stock markets since the March bottom, there is still a mountain of money on the sidelines or in safe-haven assets like Treasuries.
Trump will host a press conference at 10 am ET
Trump to speak about the jobs report Here's a preview of what he will say: For bank trade ideas, check out eFX Plus
USD/JPY rallies on strong US jobs report as risk sentiment jumps
Impressive jobs report Treasury yields continue to break out and USD/JPY is nearing 110.00 on a surprisingly strong US jobs report. The unemployment rate was 13.3% compared to 19.8% expected. Even if you add workers who were listed as 'employed' but absent from work for 'other reasons' the unemployment rate only jumps to 16.3%.