Its better than $17.29 (July contract low) but still on it's bact Pres. Trump is tweeting: The President is also weighing in on the Tesla situation saying:
Blogs
US CPI for April MoM -0.8% versus -0.8% estimate
US CPI for April 2020 In other announce news earnings are rising: See here for global coronavirus case data
US CPI to be released at the bottom of the hour
CPI expected to fall and April. Fed speakers also on the calendar him him See here for global coronavirus case data
ForexLive European FX news wrap: Dollar falls as risk sentiment turns around
Forex news from the European trading session – 12 May 2020 Headlines: Markets: – AUD, NZD lead, USD lags on the day – European equities mixed; E-minis up 0.4%
UK extends furlough scheme for four months, until the end of October
UK finance minister, Rishi Sunak, with the announcement – No changes up until the end of July – From August to October, the scheme will continue but with greater flexibility to support the transition back to work Further details will only be made available at the end of May but Sunak does say that workers […]
Trump: Asian Americans are very angry at what China has done to our country and the world
A tweet by US president Trump "Asian Americans are VERY angry at . Chinese Americans are the most angry of all. I don't blame them!" I think the more important message here is what he is trying to imply, rather than
US futures now slightly higher ahead of North American trading
S&P 500 futures up by 0.2% See here for global coronavirus case data S&P 500 futures are seeing a W-shaped recovery ahead of US trading in a few hours, moving off lows of 0.8% during Asia Pacific trading to now sit 0.2% higher on the session.
US April NFIB small business optimism index 90.9 vs 83.0 expected
Latest data released by NFIB – 12 May 2020 – 96.4 The index falls to its lowest level since March 2013 but the drop isn't as bad as expected as some economic optimism helped to steer clear of a sharper drop as estimated above.
UK's Hancock: It is unlikely that big international holidays are going to be possible this summer
The lack of global travel this year will be a major blow for many countries I would imagine most countries would look to impose quarantine periods for incoming travellers, otherwise the risks of an undetected secondary outbreak will be rather high.
Major currencies currently trade little changed on the day
The dollar is mixed across the board The euro is keeping mildly higher but is still via the 100-hour moving average and trendline resistance around 1.0820-25.