Latest data released by Markit – 6 April 2020 – 55.8 ForexLive The virus outbreak sees German construction activity fall by its steepest drop in seven years, with new orders declining at its fastest rate since February 2010. Both housing and commercial activity were largely hit as all areas of the economy have been affected.
Blogs
UK's Jenrick: I've heard Johnson is doing well
Comments by UK housing secretary, Robert Jenrick – Johnson went to the hospital for routine tests – I've heard he is doing well – Expects Johnson to be back at No. 10 shortly ForexLive
Tokyo said to report about 50 new coronavirus cases
Kyodo News reports ForexLive It looks like this could very well be the partial-day count, as NHK is reporting that there are about 100 new coronavirus cases in the capital.
European equities open higher to start the day
A solid start to the day for European stocks – Eurostoxx +2.0% – Germany DAX +4.0% – France CAC 40 +2.1% – UK FTSE +1.6% – Spain IBEX +3.3% ForexLive The positive risk mood is also reflected in US futures, which are up by about 3.7% on the session as well currently. Meanwhile, in the […]
Any loosening of containment measures is very risky, says director of Paris hospitals system
Comments by Martin Hirsch, the director of the Assistance Publique-Hôpitaux de Paris (AP-HP) – Epidemic has sort of stabilised in France – Stabilisation is due to containment measures ForexLive
Why the dollar will strengthen if COVID19 cases increase.
Everyone wants you If the USD was in a vote for a popularity contest it would win. The JPY and the CHF would come in close, but when the chips are down people want USD. With 70% of all currency transactions involving the USD its popularity will remain as long as folks are scared. Folks […]
Russia, Saudi are 'very, very close' to an oil deal, says Russia's sovereign wealth fund chief
RDIF CEO, Kirill Dmitriev, spoke to CNBC earlier ForexLive With a meeting set to take place on 9 April, expectations are building and Dmitriev's remarks certainly continues to stoke the flames to start the week:
Eurostoxx futures +4.0% in early European trading
A brighter start to the week in early trades – German DAX futures +4.5% – French CAC 40 futures +3.8% – UK FTSE futures +3.1% ForexLive The improving trend in recent coronavirus developments is starting to give investors some hope that there is light at the end of the tunnel already. But is this all […]
Nikkei 225 closes higher by 4.24% at 18,576.30
Asian equities rise as investors take in optimistic coronavirus developments The market is largely riding on hope of things turning for the better as we see global coronavirus deaths slow down and the daily cases in some regions are also easing a little over the past few days.
Germany February factory orders -1.4% vs -2.5% m/m expected
Latest data released by Destatis – 6 April 2020 – +5.5%; revised to +4.8% – Factory orders WDA +1.5% vs % -0.2% y/y expected – Prior -1.4%; revised to -0.8% Slight delay in the release by the source. The softer touch reflects some weaker activity amid supply chain disruptions from China during that month but […]