The payment freeze could be for as long as three months The regulator says that they will make a further announcement about these measures next week, with more details to follow I hope.
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Eurostoxx futures +0.3% in early European trading
Tepid tones observed in early trades – German DAX futures +0.2% – French CAC 40 futures +0.1% – UK FTSE futures +0.2% ForexLive If anything, this just points towards the fact that any real optimism in the market remains fleeting as investors continue digest the economic toll caused by the virus outbreak.
Nikkei 225 closes lower by 1.37% at 17,818.72
Another rough day for Japanese stocks The Hang Seng and Chinese equities are keeping slightly higher as stimulus hopes by Beijing continue to fuel some optimism in the region at least.
UK March Nationwide house prices +0.8% vs 0.0% m/m expected
Latest data released by UK Nationwide Building Society – 2 April 2020 – +0.3% – House prices +3.0% vs +2.1% y/y expected – Prior +2.3% ForexLive Slight delay in the release by the source. Take the reading here with a pinch of salt as the data collated predates the negative impact caused by the virus […]
China is to start buying oil for state reserves after sharp drop in prices – report
Bloomberg reports, citing people with knowledge of the matter Adding that Beijing has asked departments to quickly begin filling tanks and options to lock in the current low prices in the market. Also noting that Beijing may use commercial space for storage as well – in addition to its state-owned reserves.
Trade ideas thread – European session 2 April 2020
Daily thread to exchange ideas and to share your thoughts The market still has plenty to try and grasp at this stage, with more lockdowns taking place in the US and the likes of Italy and Germany extending theirs. It seems that most countries are still hesitant to open up too quickly in fears of a resurgence […]
Saudi supports cooperation to stabilise oil market, blames Russia for current turmoil – Gulf source
Actions speak louder than words Adding that producers were forced to end all voluntary supply restraint because of Russia's rejection to deeper oil output cuts in the OPEC+ meeting last month.
Boeing set to offer voluntary layoffs to employees amid the coronavirus fallout – source
Reuters reports, citing two people familiar with the matter One of the sources say that Boeing chief executive, Dave Calhoun, is expected to detail a voluntary layoff plan to employees as early as later today.
Japan PM Abe: Will work with local governments to tackle the coronavirus spread
Some comments by Japan prime minister Shinzo Abe – Managing to hold off on need for state of emergency declaration ForexLive The number of cases in Japan – – is starting to rise and that is a growing concern for the country that they have to soon take more precautionary measures to try and get […]
RKI reports 73,522 coronavirus cases in Germany, up by 6,156 cases from yesterday
The number of deaths increase by 140 to 872 persons in total ForexLive