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Latest data released by INSEE – 7 April 2020 – -€5.89 billion; revised to -€5.97 billion – Current account balance -€3.8 billion – Prior -€2.8 billion; revised to -€3.1 billion ForexLive

Comments by French health minister, Olivier Véran – Epidemic has not yet reached its peak ForexLive For most governments around the world, it is going to be a battle of managing expectations over the next few days/weeks as the lockdown measures are showing a positive effect in containing the virus outbreak globally.

QE and USD  The rule of thumb is that Quantitative easing weakens a countries currency. QE increases the supply of a currency and therfore you are decreasing its value. QE is literally the printing of money. One of my colleagues over at posted an excellent chart showing some of the impact of QE on the

S&P 500 futures extend gains to over 1% in the European morning For some context, US futures were down by 0.5% towards the tail end of Asia Pacific trading so that makes the jump higher here all the more impressive.

Comments by German economy minister, Peter Altmaier daily case count ForexLive

Positive tones observed in early trades – German DAX futures +1.8% – French CAC 40 futures +1.5% – UK FTSE futures +0.9% ForexLive The solid gains here come as US futures recover from their lows seen towards the tail end of Asia Pacific trading, with S&P 500 futures now sitting about 0.6% higher on the […]

Asian equities push higher after solid gains from Wall Street overnight The Hang Seng is also up by 1% on the day while the Shanghai Composite nears 2% gains as Asian stocks are making the most out of the positive mood to start the week.

Latest data released by Destatis – 7 April 2020 – +3.0%; revised to +3.2% – Industrial production WDA -1.2% vs -3.0% y/y expected – Prior -1.3%; revised to -0.9% ForexLive

Case counts are stabilising lower but they remain in the thousands ForexLive The increase of 3,834 confirmed cases today is about a 4% increase from yesterday but the jump of 173 deaths means that it is not all good news.

Ifo says its index for production expectations took a dive in March – Index fell from +2.0 to -20.8 – This is the most drastic slump since the survey began in 1991 ForexLive