Merkel comments in a meeting with leaders of her own party This Much like other coronavirus developments across the world, this is all a fluid situation and everything has to be assessed on a day-to-day basis right now.
Blogs
Eurozone February current account balance €40.2 billion vs €34.7 billion prior
Latest data released by the ECB – 20 April 2020 – €34.7 billion See here for global coronavirus case data Slight delay in the release by the source. A decent increase in current account surplus just ahead of the impact of the virus outbreak and lockdown measures in the region. But pre-virus economic data holds […]
SNB total sight deposits w.e. 17 April CHF 637.2 bn vs CHF 634.1 bn prior
Latest data released by the SNB – 20 April 2020 – Domestic sight deposits CHF 560.0 bn vs CHF 552.0 bn prior See here for global coronavirus case data Prior week's release can be found . Another week, another jump in overall sight deposits as this continues to hint that the SNB is actively intervening […]
China says expresses grave concerns on Australia questioning its handling of the coronavirus
One to be mindful about in case it impacts the relationship between the two countries, which haven't been the best recently It's nothing too harmful for now, but strained relations could lead to economic impact and that won't be good news for the aussie currency if that happens.
Singapore sees daily coronavirus cases exceed 1,000 for the first time
Singapore reports 1,426 new coronavirus cases relate That brings the total confirmed cases in the country to 8,014 cases although there were 2,921 active cases as of yesterday as reported by the health ministry.
US oil ETF saw record one-day inflow of $552 million on Friday last week
Everyone is trading oil strange things are happening in the oil market See here for global coronavirus case data
European equities slightly higher at the open
Though the upbeat mood is not really shared across the market – Eurostoxx +0.6% – Germany DAX +0.5% – France CAC 40 +0.6% – UK FTSE +0.3% – Spain IBEX +0.5% It is a rare day where European stocks are keeping slightly higher but US futures are actually lower on the day, down by about […]
Buy into US Oil without doing the fandango
Oil prices to steady and then climb If someone put a gun to your head and said, 'where will oil prices be in 6-12 months time, higher or lower'? What would you say?
Eurostoxx futures +1.0% in early European trading
A slightly more positive tone but it belies the underlying risk tone risk – German DAX futures +1.0% – French CAC 40 futures +0.6% – UK FTSE futures +0.9% See here for global coronavirus case data
Nikkei 225 closes lower by 1.15% at 19,669.12
Japanese stocks slump to kick start the new week It is a mixed picture for risk so far today with European futures keeping slightly higher, while bond yields are mildly lower currently.