Latest data released by Ifo – 25 May 2020 – 74.3; revised to 74.2 – Expectations 80.1 vs 75.0 expected – Prior 69.4 – Current assessment 78.9 vs 80.0 expected See here for global coronavirus case data
Blogs
SNB total sight deposits w.e. 22 May CHF 679.9 bn vs CHF 673.5 bn prior
Latest data released by the SNB – 25 May 2020 – Domestic sight deposits CHF 596.6 bn vs CHF 591.0 bn prior See here for global coronavirus case data Prior week's release can be found . Another week, another notable rise in sight deposits as the SNB continues to intervene strongly to smooth out the […]
China says that it is making breakthroughs in vaccine development; US getting left behind
Yet maintains that vaccine development is not a competition See here for global coronavirus case data
China says that it strongly condemns US blacklisting 33 of its entities
Remarks by the Chinese foreign ministry – Very concerned about reports US considering nuclear tests – Urges US to correct its mistake, will take needed steps The war of words between the two are continuing for now, as tensions remain high on pretty much all fronts at this point in time. In case you missed […]
China says that acts during Hong Kong protests last year were "terrorist" in nature
Just in case it was not clear what the national security law would cover – Illegal acts posed imminent danger to China's national security – Beijing is firm in upholding national sovereignty, security The above comments are by China's foreign commissioner in Hong Kong, Xie Feng. This is just to reaffirm what the new legislatio
European equities keep higher at the open
A more positive start to the day – Eurostoxx +0.8% – Germany DAX +1.0% – France CAC 40 +0.8% – Spain IBEX +1.0% See here for global coronavirus case data Despite the more positive risk tones, it isn't quite translating to much in the currencies market as we observe thinner liquidity conditions today. Again, just [&helli
Eurostoxx futures +0.8% in early European trading
Positive risk tones in early trades to start the week – German DAX futures +1.0% – French CAC 40 futures +0.9% – Spanish IBEX futures +0.6% See here for global coronavirus case data
Nikkei 225 closes higher by 1.73% at 20,741.65
The Nikkei posts its highest daily close since 6 March The Hang Seng is down by 0.5% now with Asian investors not really shuddering as what we saw towards the end of trading last week.
Germany Q1 final GDP -2.2% vs -2.2% q/q prelim
Latest data released by Destatis – 25 May 2020 – GDP (non-seasonally adjusted) -1.9% vs -1.9% y/y prelim – GDP (working day adjusted) -2.3% vs -2.3% y/y prelim
Japan reportedly to start giving out travel vouchers from end-July
Jiji Press reports on the matter international visitors are pretty much non-existent See here for global coronavirus case data The reason why the Japanese government prefers to hand out vouchers instead of cash is because they fear doing the latter may just lead to citizens keeping the money in their bank accounts, instead of using […]