Comments by the Kremlin – Says that preparation for talks are ongoing – Says Russia is ready for cooperation with other oil exporters to stabilise the market ForexLive
Blogs
Spain sees fourth straight drop in daily coronavirus cases, deaths
The good news is that the situation is moderating further in Spain ForexLive In terms of new virus cases, the 4,273 reported over the last 24 hours is the lowest since 22 March. That brings the overall tally to 135,032 confirmed cases.
Austria says general lockdown measures will be extended until the end of April
Comments by Austrian chancellor, Sebastian Kurz – Aim is to let smaller shops reopen on 14 April – Aim for 1 May is to reopen all shops, shopping malls – Schools will remain closed until at least mid-May ForexLive
Japan PM Abe calls for state of emergency declarations in Tokyo, Osaka
Japan prime minister, Shinzo Abe, briefs the media – Will designate 7 prefectures for state of emergency for about one month – Emergency declaration will not lead to lockdown steps like seen in overseas cities
Japan PM Abe said to designate 7 prefectures for state of emergency declaration
NHK reports on the matter Just take note that but if anything else, this is pretty much a done deal. we might hear something from Abe himself later The government will be calling for a state of emergency and I would expect that to set the tone for citizens to start staying at home and […]
Eurozone April Sentix investor confidence -42.9 vs -37.5 expected
Latest data released by Sentix – 6 April 2020 – -17.1 ForexLive No surprises as investor morale declines sharply, surpassing the lows even seen during the 08-09 financial crisis. The headline reading is the record low for the Sentix survey as economic conditions in the euro area slump amid the virus outbreak in the region.
UK March construction PMI 39.3 vs 44.0 expected
Latest data released by Markit/CIPS – 6 April 2020 – 52.6 ForexLive Construction activity slumped by more-than-expected with the drop being the steepest rate since April 2009. The virus outbreak and lockdown measures associated have led to a stoppage of work on site and a slump in new orders.
Japan PM Abe said to be set to brief media on state of emergency declaration at 0850 GMT
Kyodo News reports ForexLive
SNB total sight deposits w.e. 3 April CHF 627.2 bn vs CHF 620.5 bn prior
Latest data released by the SNB – 6 April 2020 – Domestic sight deposits CHF 535.6 bn vs CHF 529.0 bn prior ForexLive Prior week's release can be found . Another big jump in overall sight deposits and this continues to hint at stronger SNB intervention to limit the appreciation in the franc. So far, […]
EUR/USD gives up gains, falls back under 1.0800
EUR/USD falls to session lows for the day at 1.0785 ForexLive The dollar was initially trading slightly softer to start the new day but is recovering some ground as we see the euro stumble further after holding its ground earlier.