Global equity markets at risk from rising coronavirus cases. UK assets remain unloved over Brexit
Archiv für den Monat: Juni 2020
USD/MXN Outlook: Banxico Steps in but Risk Sentiment Continues as Main Driver
As new virus cases increase at an undesirable rate worldwide, risk-on assets like the Peso continue to be at the mercy of risk sentiment
Euro Forecast: Choppy Trading Likely in EUR/USD on Quarter-End Flows
The coming week sees the start of a new month and a new quarter, when portfolio rebalancing could result in turbulent trading in major assets, including EUR/USD and the Euro crosses.
Gold Price May Ride the Tailwind of Virus Uncertainty, Soft US Dollar
Gold prices may rise as global virus uncertainty boosts demand for safety. US Dollar weakness amid accommodative central bank policy could provide added support.
China PMIs due this coming week – the inside word preview
The official PMIs are due on Tuesday, see post (or at the bottom of this post) for priors and expected.
here
Later in the week, Wednesday and Friday, are the private survey PMIs, Caixin/Markit.
here
Later in the week, Wednesday and Friday, are the private survey PMIs, Caixin/Markit.
China data – May 2020 industrial profits +6.0% y/y (prior -4.3%)
China’s industrial profits fell in Q1 and started to be not so bad through March and April as the economy crawled toward recovery.
– May comes in at +6.0% y/y from -4.3% in April
– May comes in at +6.0% y/y from -4.3% in April
Japan press says Japan to ready 1m doses of coronavirus vaccine for swift distribution. Note, there is no vaccine.
Nikkei with the report that biotech venture AnGes will ready production capacity for 1 million doses of COVID19 vaccines by March
They also say, and this is key (!):
They also say, and this is key (!):
Here is what’s ahead on the Australian data calendar this coming week
I’ll have more to come on these in the daily data calendar heads up, a quick heads up here.
Monday
– Australian Bureau of Statistics (ABS) latest weekly „Household Impacts of COVID-19 Survey.“
Tuesday
Monday
– Australian Bureau of Statistics (ABS) latest weekly „Household Impacts of COVID-19 Survey.“
Tuesday
Serie: Hoffnungsträger: Nacho Bautista Ruiz nutzt Pappe gegen das Coronavirus
Der spanische Architekt Nacho Bautista Ruiz machte aus der Not eine Tugend und entwickelte in der Coronakrise Trennwände. Die verkaufen sich blendend.Flugzeugmodell: Boeing startet Testflüge zur Zertifizierung der 737 MAX
Nach mehreren Unglücken war dem modernsten Boeing-Mittelstreckenflieger die Zulassung entzogen worden. Nun nimmt der Flugzeugbauer Testflüge auf.