Stocks opened along the flatline on Friday as traders weighed positive news about a potential coronavirus treatment and another record spike in virus cases.
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Stock Market Third Quarter Forecast: Covid Concerns & Fed Policy to Clash
Equity markets endured significant volatility last quarter even as they staged a remarkable recovery, but many of the same themes behind the initial crash exist heading into the third quarter.
Dollar as a Safe Haven or Source of Global Instability?
The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell in COVID cases in the US, trade sparks rek…
IMF: Cutting fiscal help too early will be more concerning than debt levels
IMF gives the thumbs up for governments to pile on the debt levels
– Cutting spending too early could derail economic recovery
They’re definitely not wrong in that sense but it also reaffirms the more or less global narrative that fiscal conservatism is dead. As much as the world would like to go back to thinking that
– Cutting spending too early could derail economic recovery
They’re definitely not wrong in that sense but it also reaffirms the more or less global narrative that fiscal conservatism is dead. As much as the world would like to go back to thinking that
ForexLive European FX news wrap: Risk recovers after early setback
Forex news from the European trading session – 10 July 2020
Headlines:
Markets:
– JPY leads, CHF lags on the day
– European equities higher; E-minis down 0.2%
Headlines:
Markets:
– JPY leads, CHF lags on the day
– European equities higher; E-minis down 0.2%
US futures lower ahead of North American trading
The risk mood is more mixed in European trading thus far
It is still going to be all about risk as we look towards the weekend, with US futures keeping lower ahead of North American trading, but are off earlier lows at least.
It is still going to be all about risk as we look towards the weekend, with US futures keeping lower ahead of North American trading, but are off earlier lows at least.
German chancellor Merkel to meet with Spanish PM Sanchez for talks next Tuesday
This is likely to hash out their positions ahead of the summit on 17-18 July
Yen stays firm on the session as Treasury yields slip to lowest level since April
USD/JPY pressured to session lows of 107.73 on the day
The move in yields isn’t quite breaking the range seen since April with lows around 0.539% to 0.566% a key region to watch in that regard.
The move in yields isn’t quite breaking the range seen since April with lows around 0.539% to 0.566% a key region to watch in that regard.