S&P index up 28 points. Dow futures implying a gain of 260 points The Dow futures are implying a 250 point gain while the S&P futures are implying a 28 point gain. NASDAQ futures are implying and 88 point rise.
Blogs
PM Johnson's spokesperson: What matters is we get any change to social distancing right
Comments in response to expectations for reopening A PM Boris Johnson spokesperson is on the wires saying: PM Johnson is expected to outline plans for reopening later this week
Canada international merchandise trade for March C$-1.41 billion versus C$-2.5 billion
Canada international merchandise trade for March 2020 – Canada's merchandise trade balance comes in at C$-1.41 billion versus C$-2.5 billion – the prior month was C$-0.98 billion See here for global coronavirus case data
US trade balance for the month March $-44.4 billion versus $-44.2 billion estimate
US trade data for the month of March 2020 – US trade balance for the month March $-44.4 billion versus -$44.2 billion estimate – prior month revised to $-39.8 billion from $-39.9 billion previously reported See here for global coronavirus case data
Trade data, ISM data and Fed speak are on schedule today
Fed's Evans, Bostic, and Bullard are on the speakers docket See here for global coronavirus case data
ForexLive European FX news wrap: Euro stumbles as German court issues ECB QE ultimatum
Forex news from the European trading session – 5 May 2020 Headlines: Markets: – CAD leads, EUR, CHF lag on the day – European equities higher; E-minis up 1.1%
German economic advisers warn of significant risks of a new euro crisis
The German economy ministry's advisory panel comments at a briefing Germany is walking a fine line here as the court ruling pretty much restricts a common monetary policy adopted by all member states.
European Commission says that EU law has primacy over national laws
The commission refrains from commenting directly on the German court ruling but makes a snide remark as per the above It is quite strange to think that we are seeing a challenge against EU law that is not coming from Hungary and Poland, but instead from Germany. Who would've thought?
Germany's Bavaria plans partial tourism reopen at the end of the month
Bavarian state premier, Markus Soeder, comments – Hotels will be allowed to reopen from the weekend of 30 May – But without saunas, wellness facilities, or swimming pool access See here for global coronavirus case data
European stocks recover some poise, but Italian bonds stay pressured on the session
European indices inch back higher after the slight panic earlier See here for global coronavirus case data After the initial whipsaw, European equities were sold amid the negative reaction to the German ECB court ruling as the market digested the potential implications.