Latest data released by ONS – 19 May 2020 – 12.2k; revised to 5.4k – Claimant count rate 5.8% – Prior 3.5% See here for global coronavirus case data Slight delay in the release by the source. As lockdown measures in the country go into full swing, unemployment claims soar in the UK – much […]
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Nikkei 225 closes higher by 1.49% at 20,433.45
Asian equities push higher, following overnight gains in Wall Street The Hang Seng is up by 1.7% while the Shanghai Composite is up by 0.7%, though US futures are sticking closer to flat levels for the moment.
China reportedly mulls targeting Australian wine, dairy amid coronavirus spat
Bloomberg reports on the matter Adding that Chinese officials have compiled a list of potential goods to target by implementing stricter quality checks, anti-dumping probes or tariffs, or even resorting to state media usage in order to encourage consumer boycotts against Australian products.
Trade ideas thread – European session 19 May 2020
Daily thread to exchange ideas and to share your thoughts The aussie is notably trading back to flat levels after having posted decent gains in early trades, with AUD/USD even rising to 0.6551 as the pair looks to keep above its 100-day MA.
Reminder: China to begin its annual NPC meeting later in the week
China's biggest political meeting will take place after a two-month delay The big focus as we look to this meeting will be how China will want to go about interpreting their economic achievements for the year.
Japan March final industrial production -3.7% vs -3.7% m/m prelim
Latest data released by METI – 19 May 2020 – Industrial production -5.2% vs -5.2% y/y prelim Slight delay in the release by the source. The preliminary release can be found . No change as compared to the initial estimates, so carry on as you will as the more subdued readings here relate to Q1 […]
Japan: Another earthquake reported near Gifu prefecture, magnitude of 5.3
JMA reports on the matter here No tsunami threat is reported. Update: See here for global coronavirus case data
Japan magnitude 5.3 earthquake near Fukushima, felt in Tokyo
On the Japanese scale registers 4 out of 7 – No tsunami threat alert has been issued – depth 50km – off the east coast of Honshu (red circle blow in map)
AUD dropping to its session low as China – Trump tensions ramp higher
The Global Times started off this today with this: These past minutes US President Trump has threatened the WHO that it needs to prove it is independent of China:
Trump threatens permanent WHO funding freeze, reconsiders US membership
US President Trump has shared a letter sent to Dr. Tedros of the World Health Organization – Trump says if WHO does not commit to major substantive improvements within next 30 days, will make temporary freeze of US funding to WHO permanent