May ISM New York business conditions survey I'm going to be watching this index more-closely than usual in the coming months. New York was the epicentre of the virus in the US and it will be interesting to see how long it takes to return to something approximating 'normal'.
Blogs
US stocks point to another gain at the open
What to watch for in the stock market S&P 500 futures are pointing to a 10-point gain at the open, building on yesterday's 11-point rally. The stock market is less-worried about protests, in part because it appears to have nudged Congress towards a quicker, e. That report didn't get nearly enough attention yesterday but it's
Risk on tone continues to drive flows
Risk on remains strong Looking to trade risk sentiment? to learn more.
Dollar sell-off at risk of reversing in sessions ahead
What's moving the market today For bank trade ideas, check out eFX Plus
Yen swoons as coronavirus fears fade
Technical yen selling combines with better sentiment The yen is giving back its pandemic gains in a big way in the past hour. All the yen crosses have shot higher as EUR/JPY and AUD/JPY erase the pandemic moves. In Europe, stock markets are soaring as economies re-open and the virus stays under wraps.
China president Xi Jinping says will improve public health emergency monitoring system
Comments by China president Xi Jinping – Will step up capability to test infectious diseases – Will enhance research, development of new traditional Chinese medicine For bank trade ideas, check out eFX Plus
Germany says preparing decision to lift travel warning for EU and some other countries
Comments by German foreign minister, Heiko Maas – We are preparing a decision for Cabinet tomorrow – The aim is to lift travel warning for EU and some other countries For bank trade ideas, check out eFX Plus
UK's Raab: We oppose HK security law imposed by China
Comments by UK foreign secretary, Dominic Raab – We oppose such an authoritarian security law – We recognise China's role in the world but it should live up to its responsibilities For bank trade ideas, check out eFX Plus
Russia and some other nations are said to favour a 1-month extension to OPEC+ output cuts deal
Bloomberg reports Not much other details being offered for now apart from the headline, but this largely fits expectations of the oil market in trading so far this week. Once again, do be reminded that the existing output cuts deal is to run from May to June.
Russia reportedly still hasn't decided on its position on OPEC+ cuts
A decision on that is expected some time today As such, OPEC+ is looking to get a meeting together to extend that in order to maintain stability in the oil market. But as the reopening of economies gather pace, it will be a real test of resolve/compliance in enforcing any extension of the deal in […]