COVID fears linger Interested in which currencies are moving today? to learn more. See here for global coronavirus case data
Blogs
Germany Q1 preliminary GDP -2.2% vs -2.2% q/q expected
Latest data released by Destatis – 15 May 2020 – (Q4) 0.0% – GDP (non-seasonally adjusted) -1.9% vs -1.6% y/y expected – Prior +0.3% – GDP (working day adjusted) -2.3% vs -2.0% y/y expected See here for global coronavirus case data
China says it is in the interest of itself and the US to keep developing bilateral relations
China responds to remarks by Trump from yesterday There's no way that we'll see the US cut ties completely with China so don't be too alarmed by the headline, but this just reaffirms that both sides are struggling to see eye to eye on many issues right now amid the ongoing coronavirus crisis as well.
France April final CPI +0.3% vs +0.4% y/y prelim
Latest data released by INSEE – 15 May 2020 – CPI 0.0% vs +0.1% m/m prelim – HICP +0.4% vs +0.5% y/y prelim – HICP 0.0% vs +0.1% m/m prelim See here for global coronavirus case data
France's Le Maire: Compromise on EU fund is possible in the coming weeks
They have been repeating this since the end of March See here for global coronavirus case data
Thailand to reopen department stores, shopping malls, food courts starting from Sunday
Thailand announces easing to its partial lockdown starting from Sunday See here for global coronavirus case data You can check out Thailand and other countries' coronavirus data .
Signs from the car markets
Via Bloomberg I came across an interesting Bloomberg piece this week which took a look at the three largest car markets. Those big markets are in China, Europe and the US, which helpfully coincides with them being the world's three largest economies.
Eurostoxx futures +1.1% in early European trading
The more solid gains belie the current risk mood – German DAX futures+1.0 % – French CAC 40 futures +0.7% – UK FTSE futures +0.9% See here for global coronavirus case data
Nikkei 225 closes higher by 0.62% at 20,037.47
A decent end to the week for Japanese stocks Both the Hang Seng and Shanghai Composite indices are up by 0.1% with US futures keeping closer to flat levels still as we approach European morning trade.
Germany April PPI -0.7% vs -0.6% m/m expected
Latest data released by Destatis – 15 May 2020 – -0.8% – PPI -1.9% vs -1.8% y/y expected – Prior -0.8% See here for global coronavirus case data Producer and import prices slump further amid the virus outbreak and fall in energy prices, with the annual reading slipping deeper into deflation territory – lowest since [&h