Blogs

Forex news from the European trading session – 1 May 2020 Headlines: Markets: – JPY leads, AUD lags on the day – UK FTSE -1.9%; E-minis -2.1% – US 10-year yields down 3.2 bps to 0.607%

Macron is making it clear that citizens have to adjust to a new normal – 11 May will not be the passage to normal life – There will be several phases and 11 May will be one of them See here for global coronavirus case data

WTI June futures down by about 2% currently See here for global coronavirus case data Oil crept just above $20 in Asia Pacific trading but since then, it has been grinding lower to just over 2% losses and touching a low of $18.07 in the past hour.

Comments by Japan prime minister, Shinzo Abe – Coronavirus experts panel judges Japan as having achieved some success – Will make final decision on any extension on 4 May See here for global coronavirus case data

Latest data released by the BOE – 1 May 2020 – 73.5k – Net consumer credit -£3.8 billion vs £0.7 billion expected – Prior £0.9 billion See here for global coronavirus case data

Latest data released by Markit – 1 May 2020 here Markit notes that:  

UK prime minister, Boris Johnson, tweets "I can confirm that we are past the peak of this disease.We are past the peak and we are on the downward slope.And we have so many reasons to be hopeful for the long

The market is seeing a quiet but risk-off mood so far See here for global coronavirus case data S&P 500 futures are now down by over 2% on the session, as the market is adopting a more risk-off approach in European morning trade. 10-year Treasury yields are also down by 4 bps to 0.599% and […]

Comments by UK housing secretary, Robert Jenrick See here for global coronavirus case data

The daily case count is at a five-day high See here for global coronavirus case data The latest update by RKI sees the total confirmed cases in the country rise to 160,758 with the total number of deaths rising to 6,481 persons.