UK finance minister, Rishi Sunak, updates parliament on the government’s latest spending plans
– Our plan will protect and create jobs
– Job losses are the most urgent challenge we face
The main challenge for the UK will be to try and stop the bleeding in the labour market over the next few months – especially when moving

Forex news from the European trading session – 8 July 2020
Headlines:
Markets:
– Major currencies little changed
– European equities lower; E-minis up 0.1%

Comments by German chancellor, Angela Merkel
– Expects ‚good cooperation‘ with EU partners
– Germany determined to help EU overcome virus crisis
The next week or so is going to be crucial for European assets as all eyes will turn towards the progress on the recovery fund ahead of the 17-18 July summit. European Commission president von der

Latest data from the Mortgage Bankers Association for the week ending 3 July 2020
– Market index 775.9 vs 758.9 prior
– Refinancing index 3,373.9 vs 3,359.2 prior
The standout once again in the report here is the rise in purchases, with the index rising to its highest level since 2009.

US futures keep close to flat levels while European stocks are softer
After a back and forth last two days, the risk mood today is looking rather tepid for the most part with investors looking towards Wall Street for more direction.