Softer tones in early trades – German DAX futures -2.0% – French CAC 40 futures -2.2% – UK FTSE futures -1.7% See here for global coronavirus case data European stocks traded more mixed yesterday and were spared the softer tones in the latter stages of US trading, so this is partly some catching up. US […]
Blogs
UK March jobless claims change 12.2k vs 17.3k prior
Latest data released by the ONS – 21 April 2020 As for wages, even before the virus crisis we are starting to see waning pressures on that front so that is not good news as we look towards the months ahead.
Switzerland March trade balance CHF 4.02 billion vs CHF 3.57 billion prior
Latest data released by the Federal Statistics Office – 21 April 2020 – CHF 3.57 billion; revised to CHF 3.54 billion Even though the trade surplus increased, it is mostly due to the worsening of exports more than imports during the month as trade conditions suffered amid the virus fallout.
Italy PM Conte says to gradually reopen the country from 4 May
Italy prime minister, Giuseppe Conte, remarks on Facebook – Says to present Italy's restart plan for 4 May some time this week See here for global coronavirus case data
Trade ideas thread – European session 21 April 2020
Daily thread to exchange ideas and to share your thoughts Negative oil prices.. The unimaginable just became a reality, much like the idea of negative interest rates or QE back in the day. What a world we are living in right now.
RKI reports a daily increase of 1,785 coronavirus cases in Germany
The virus trajectory in Germany has been much improved as of late See here for global coronavirus case data That brings the total number of cases to 143,457 in the country, with another 194 deaths reported – bringing the total on that front to 4,598 persons. RKI also reports that an estimated 95,200 persons have […]
US House majority leader Hoyer says could vote as early as Thursday on aid plan
Hoyer posts notice for members on the voting Adding that the House is to vote on a rule change allowing for proxy voting as well. The above headline remark comes as Congress is closing in on sealing a $450 billion aid plan to help small businesses and hospitals, with a possible vote at the Senate […]
Australia PM Morrison: No plans to change current travel restrictions
No surprises there as it is going to be a while before international borders everywhere start opening up again – We have already reached the turning point for the virus in Australia See here for global coronavirus case data
ForexLive Asia FX news wrap: RBNZ to monetize government debt?
Forex news for Asia trading Tuesday 21 April 2020 Financial market moves were not as wild as they were during the US session, when oil plunged to below zero dollars a barrel. ICYMI, the wrap for the US time is here, it was one for the ages with the spot crude contract (WTI CL contract […]
Coronavirus – Australian PM Morrison eases lock down restrictions a touch
Australia has flattened the curve with it shut-in restrictions Prime Minister Morrison has given a green light to elective surgery, which had been banned.