Blogs

South Africa’s business community welcomes the further easing of lockdown restrictions, with the disease alert level set to decrease in June 1st to 3.

Japan’s Prime Minister Abe decided to lift the state of emergency for Tokyo, while the government is considering a second stimulus worth ¥100 trillion.

Financial markets have moved past the looming negative impacts of the global Covid-19 pandemic and believe trillions of dollars in new government debt

Another turn in the market A shudder went through the market at the open and it's now clear that China/Hong Kong worries were a part of it. However Pompeo's announcement didn't generate enough worry to snap the market out of rally mode. AUD/USD was quick to lead to the downside but has been slow to […]

Tweet from Pompeo "Today, I reported to Congress that Hong Kong is no longer autonomous from China, given facts on the ground. The United States stands with the people of Hong Kong."

Keep the free money rolling The DAX rose above the 61.8% retracement of the March drop today but closed back down below it. See here for global coronavirus case data

It's almost June Citi's month-end rebalancing model flags a strong USD sell signal against EUR and GBP at this month-end "Our Asset Rebalancing Model notes a rotation from equities into bonds at May month end. The signal is moderately strong coming in at -1.4/+1.3 historical standard deviations (hist. std. dev.) for equities and

More layoffs at Boeing Boeing did a round of 5500 voluntary layoffs and now it's moving to involuntary layoffs. In addition to this, the company says it will layoff 'several thousand' others in the coming months.

The latest virus numbers Don't be alarmed by the spike, it happens after every weekend/holiday. The dead only get counted on regular workdays in the UK, evidently.

Oil down $2 in a quick move The market mood has turned in a big way. It's not just stocks with oil now piling on with a quick move lower to extend today's decline to $2 per barrel.