Comments by the Chinese commerce ministry – China's solid economic fundamentals won't change – Hasn't and won't see any exodus in foreign direct investment – Many Japanese firms have expressed willingness to boost investment in China ForexLive
Blogs
European equities open the day on firmer footing
Stocks climb to start the session – Eurostoxx +1.2% – Germany DAX +1.4% – France CAC 40 +1.1% – UK FTSE +0.8% – Spain IBEX +1.5% ForexLive This comes as US futures are also keeping higher on the day currently, with S&P 500 futures up by 0.9% at the moment. The market is leaning towards […]
UK epidemiologist says social distancing will probably have to be maintained until there is a vaccine
Life as we know it may change for a very, very long time The above remark comes from UK epidemiologist, Neil Ferguson, who is advising the government on the coronavirus outbreak.
Dollar gains ease as US futures continue to climb
The dollar sees gains ease across the board as S&P 500 futures extend gains ForexLive S&P 500 futures are up by 1% now and that is testing the risk mood as we start European trading. The slightly more passive tone is now starting to see glimpses of being risk-on, so investors will have to figure […]
ICYMI: Several European countries extended short-selling bans until next month
Authorities argued that the ban is still needed to stabilise stock prices France's markets regulator, AMF, the decision by saying that it is needed because "the spread of the coronavirus epidemic and the persistence of its consequences on the economy and the financial markets in France".
Japan PM Abe reportedly set to declare nationwide state of emergency
According to Japanese news outlet Yomiuri ForexLive
Switzerland March producer and import prices -0.3% vs -1.3% m/m expected
Latest data released by the Federal Statistics Office – 16 April 2020 – -0.9% – Producer and import prices -2.7% vs -3.7% y/y expected – Prior -2.1% ForexLive
AUD/USD stays pressured on firmer dollar; key near-term level limiting losses so far
AUD/USD buyers are defending the 200-hour moving average for now ForexLive Dollar gains are still the main theme in the currencies market over the past few sessions as we continue to see AUD/USD track lower after a bit of a false hope from the earlier today.
Eurostoxx futures +0.4% in early European trading
A slightly better mood in early trades – German DAX futures +0.5% – French CAC 40 futures +0.3% – UK FTSE futures +0.4% ForexLive This belies the overall mood in my view as European equities ended the day much softer yesterday (down by 3-4%), missing out on the late recovery in US stocks.
Nikkei 225 closes lower by 1.33% at 19,290.20
Japanese stocks end the day softer after the drop in Wall Street yesterday ForexLive Asian equities are trading more mixed with the Hang Seng down by 0.8% while the Shanghai Composite is up by 0.1% ahead of the closing stages. The turnaround in US futures is also helping the risk mood a little but it […]