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Risk mood dampens as EU finance ministers fail to reach a coordinated response to deal with the virus fallout – German DAX futures -0.9% – French CAC 40 futures -1.4% ForexLive

Mixed mood among Asian equities today Meanwhile, the Hang Seng is down by 1% while mainland Chinese equities are keeping closer to flat levels going into the late stages of trading today.

EU finance ministers fail to agree on a common text ForexLive

Daily thread to exchange ideas and to share your thoughts It is going to be the same tug of war today and I still reserve my doubts if the risk rally is built on foundations that we are going to see a return to normalcy across the world any time soon; even the coronavirus trajectory in some […]

S&P 500 futures are up by 1% on the day now ForexLive It was a similar case yesterday, as risk rallied strongly ahead of European trading but found itself caught on the wrong side in the latter stages of US trading especially.

Corriere della Sera reports on the matter As mentioned before, just because there is some progress towards curbing the virus outbreak and lifting restrictions, it does not mean a quick return to normal in most countries.

Latest data released by the Japanese Cabinet Office – 8 April 2020 – 27.4 – Outlook vs 18.8 vs 20.0 expected – Prior 24.6 ForexLive No surprises as economic sentiment deteriorates sharply amid fears surrounding the virus outbreak and the situation globally. The reading is a survey on workers to measure up consumer spending a

There were 254 deaths reported in the latest daily update by RKI ForexLive That is a bit of an unsettling statistic, as the total number of deaths increase to 1,861 persons. The only good news is that the increase in the number of daily cases is steadying at around 4%, but the raw figure is […]

Wuhan has finally restored outbound traffic today but strict preventive measures are still being imposed in the city news of Wuhan reopening its borders ForexLive

Credit outlook for CBA, Westpac, ANZ, and NAB were all cut – Ratings/Outlook were cut from AA-/Stable to AA-/Negative The reasoning for downgrade by S&P is that it reflects the  earlier, which means a "slightly reduced financial capacity to provide timely financial support to the systemically important financial inst