Comments by Japan prime minister, Yoshihide Suga
here
here
Kategorie-Archiv: Forex News
ForexLive European FX news wrap: UK announces new jobs support scheme
Forex news from the European trading session – 24 September 2020
Headlines:
Markets:
– GBP leads, NZD lags on the day
– European equities mixed; E-minis down 0.1%
Headlines:
Markets:
– GBP leads, NZD lags on the day
– European equities mixed; E-minis down 0.1%
Pound a little higher on the day as buyers keep up defense of key daily moving averages
The pound is up in European morning trade
here
That still remains the key technical level to watch for now, with the pound also hoping to take comfort from UK finance minister, Rishi Sunak’s announcement on a wage support scheme – to help alleviate some pressure from the jobs market.
here
That still remains the key technical level to watch for now, with the pound also hoping to take comfort from UK finance minister, Rishi Sunak’s announcement on a wage support scheme – to help alleviate some pressure from the jobs market.
UK’s Sunak: The main goal is to support jobs, but we need to change how we do this
UK finance minister, Rishi Sunak, announces the new jobs support scheme
– As the economy reopens, it is fundamentally wrong to keep furlough scheme
– I cannot save every business, every job
As the furlough program comes to an end in October, these are the new measures introduced to try and support the labour market to prevent job
– As the economy reopens, it is fundamentally wrong to keep furlough scheme
– I cannot save every business, every job
As the furlough program comes to an end in October, these are the new measures introduced to try and support the labour market to prevent job
UK September CBI retailing reported sales 11 vs -10 expected
Latest data released by CBI – 24 September 2020
This is a bit unexpected, as UK retail sales growth came in at its fastest pace since April 2019 as the recovery in consumption activity continues into September. The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy.
This is a bit unexpected, as UK retail sales growth came in at its fastest pace since April 2019 as the recovery in consumption activity continues into September. The readings here are an indicator of short-term trends in the retail and wholesale sector of the UK economy.
UK’s Sunak says to hold press conference later in the day
UK finance minister, Rishi Sunak, to speak later today
He will also be speaking in parliament later in the day as he will deliver a statement on the economy, which should encompass his plans on the new wage support scheme:
He will also be speaking in parliament later in the day as he will deliver a statement on the economy, which should encompass his plans on the new wage support scheme:
US MBA mortgage applications w.e. 18 September +6.8% vs -2.5 prior
Latest data from the Mortgage Bankers Association for the week ending 18 September 2020
– -2.5%
– Market index 808.5 vs 757.2 prior
– Purchase index 327.0 vs 316.2 prior
Mortgage activity continues to stay rather robust with the boost in the past week helped by both a surge in purchases and refinancing activity. Of note, the purchase index
– -2.5%
– Market index 808.5 vs 757.2 prior
– Purchase index 327.0 vs 316.2 prior
Mortgage activity continues to stay rather robust with the boost in the past week helped by both a surge in purchases and refinancing activity. Of note, the purchase index
Dollar pares early gains, US futures higher on the session
S&P 500 futures seen up by ~0.5% now
For EUR/USD, keeping below 1.1700 will be the real challenge today for sellers in order to try and establish further downside momentum.
For EUR/USD, keeping below 1.1700 will be the real challenge today for sellers in order to try and establish further downside momentum.
UBS says expects emergency approval of 1-3 vaccines in Q4 2020, to spark rotation in equities
UBS‘ asset management arm weighs in on the market outlook later in the year
The firm says that they expect some form of emergency approval of between one to three coronavirus vaccines during Q4 2020, adding that they expect „full approval for broad inoculation to begin by the middle of next year“.
The firm says that they expect some form of emergency approval of between one to three coronavirus vaccines during Q4 2020, adding that they expect „full approval for broad inoculation to begin by the middle of next year“.
German cabinet reportedly approves 2021 draft budget, new debt of €96.2 billion
Reuters reports, citing an unnamed official
The €96.2 billion in new debt – to be used to finance measures in tackling the virus crisis – would be the second-highest since the end of WWII and comes after the government already took on a record borrowing of roughly €218 billion this year.
The €96.2 billion in new debt – to be used to finance measures in tackling the virus crisis – would be the second-highest since the end of WWII and comes after the government already took on a record borrowing of roughly €218 billion this year.