Latest data released by Markit – 3 June 2020 – 7.1 – Composite PMI 29.2 vs 29.0 expected – Prior 9.2 For bank trade ideas, check out eFX Plus Spanish business activity is seen improving relative to April but that's basically all about what you can conclude from the readings above. Looking at the details, […]
Blogs
European equities open firmer on the day
Solid gains once again to start the session – Eurostoxx +0.9% – Germany DAX +1.0% – France CAC 40 +1.0% – UK FTSE +0.9% – Spain IBEX +1.0% For bank trade ideas, check out eFX Plus
Tokyo reportedly finds 12 new coronavirus cases in the past day
Nippon TV reports on the matter here For bank trade ideas, check out eFX Plus
Sell, store or dump! What companies will do with surplus stock
The stock problem, via Reuters I came across an interesting piece on Reuters about what companies are going to do with the piles of surplus stock that has built up over COVID-19 shutdowns. So, now the lockdowns are lifting and retailers start coming back to work, what will happen to all the surplus stock?
Eurostoxx futures +1.4% in early European trading
The positive risk momentum carries over to Europe in early trades – German DAX futures +1.4% – UK FTSE futures +1.0% – Spanish IBEX futures +1.2% For bank trade ideas, check out eFX Plus
Nikkei 225 closes higher by 1.29% at 22,613.76
Asian equities keep the positive mood flowing US futures are also keeping mildly higher, with S&P 500 futures up by 0.4%. This is all still putting added pressure on the dollar as the greenback is trailing across the board to start the session. AUD/USD is up by 0.6% to 0.6938 but off its earlier highs […]
Switzerland Q1 GDP -2.6% vs -2.1% q/q expected
Latest data released by the Federal Statistical Office – 3 June 2020 – (Q4) +0.3% – GDP -1.3% vs -0.9% y/y expected – Prior (Q4) +1.5%; revised to +1.6% For bank trade ideas, check out eFX Plus
UK PM Johnson: We shall not walk away from our obligations to the people of HK
Remarks by UK prime minister, Boris Johnson – China security law is in direct conflict with "one country, two systems" principle In case you missed the earlier news, the to move to the UK – something that Raab made mention to yesterday regarding changes to BNO passport holders in Hong Kong yesterday .
Trade ideas thread – European session 3 June 2020
Daily thread to exchange ideas and to share your thoughts That said, gains in aussie have been pared back a little close to the 0.7000 earlier, with the high touching 0.6983, but buyers are still firmly in control.
Germany Ifo institute says production expectations among automakers rose in May
Adds that export expectations also improved last month For bank trade ideas, check out eFX Plus