Blogs

Latest data released by Destatis – 20 April 2020 – -0.4% – PPI -0.8% vs -0.8% y/y expected – Prior -0.1% Producer prices ease on the month with the annual estimate falling to its weakest level since September 2016. Albeit a lagging and proxy indicator of inflation pressures, it isn't a good sign amid the […]

Conte insists that opposition from Netherlands and Germany has to change They will be meeting once again on Thursday to discuss the follow-up on the €500 billion package agreed upon earlier in the month .

Comments by European commissioner for the economy, Paolo Gentiloni "The Eurogroup has now made proposals for aid worth more than €500 billion to finance healthcare and short-time work and to help small and medium-sized companies. That leaves at least one trillion euros. This is roughly the amount we need to be dealing with now.&q

Daily thread to exchange ideas and to share your thoughts It's been a decent start to the day with oil stealing the headlines in a plunge lower, with the front month contract crashing by nearly 20%; though the fall in the more actively traded June contract has been more modest so far:

After the mixed count during and after Easter, the virus trajectory continues to turn for the better in Germany The other good news is that nearly 90,000 persons are estimated to have recovered from the disease in the country.

Comments by New Zealand prime minister, Jacinda Ardern – There is no widespread community transmission in NZ – We have tested over 85,000 people for the coronavirus See here for global coronavirus case data

Forex news for Asia trading Monday 20 April 2020  Movement in Asia FX was relatively subdued for the session here but there were substantial swings in oil futures as trade opened for the week.

A note from late last week from JPM on the euro. – 1-Year EUR/USD Forecast 1.06, from 1.08 prior – But it will drop under 1 if there is "a full-blown debt crisis" JPM citing:

I had the headline earlier but no details, adding a little more now. In a nutshell: – importers and manufacturers will be allowed to defer payments on many imported goods for 3 months (90 days) The move will free up cash for some businesses hit by the pandemic.

The near CL contract, WTI for May is up from lows under $14.50 to above $16, a rise of over 10% Its around $15.60  as I post but that's not the but.