Latest data released by Eurostat – 13 November 2020
Kategorie-Archiv: Forex News
Equities climb higher in European morning trade
The push and pull this week continues
European equities are trading higher now, with most indices posting roughly 0.5% gains while the UK FTSE has trimmed losses to near flat levels on the session.
European equities are trading higher now, with most indices posting roughly 0.5% gains while the UK FTSE has trimmed losses to near flat levels on the session.
Heads up: Fed chair Powell, ECB president Lagarde, BOE governor Bailey all due to speak later today
They will be making an appearance in a panel discussion at the ECB forum on central banking at 1645 GMT
session
You can watch the event live here later in the day:
session
You can watch the event live here later in the day:
When there isn’t much clarity, the market looks to be sticking to what it knows best
And that is to run to the shelter of tech stocks again
Nasdaq futures are racing higher now after earlier losses and leaving behind other less heavy tech indices such as those in Europe and Dow futures as well. S&P 500 futures are somewhat in between that, trimming losses to 0.1%.
Nasdaq futures are racing higher now after earlier losses and leaving behind other less heavy tech indices such as those in Europe and Dow futures as well. S&P 500 futures are somewhat in between that, trimming losses to 0.1%.
Major currencies trade little changed so far, equities slightly lower on the session
The euro has recovered off its lows after a shaky start earlier
The pound is the weakest performer but cable is off its lows from 1.3161 earlier to near 1.3200 now with AUD/USD also bouncing off some minor support from 0.7250 to 0.7280.
The pound is the weakest performer but cable is off its lows from 1.3161 earlier to near 1.3200 now with AUD/USD also bouncing off some minor support from 0.7250 to 0.7280.
UK’s Gove: We have shown a great degree of flexibility in Brexit negotiations
Gove stresses that the transition period will end on 31 December this year
It is hard to believe that as Brexit negotiations are supposedly coming down to the wire, we’re still continuing to hear more shop talk more than anything else. This continues to allude to the fact that talks in London this week aren’t any
It is hard to believe that as Brexit negotiations are supposedly coming down to the wire, we’re still continuing to hear more shop talk more than anything else. This continues to allude to the fact that talks in London this week aren’t any
ECB’s de Guindos: It is important that fiscal support is maintained in the coming months
Adds that fiscal support should even be scaled up in some areas
Expect to hear more of this from the ECB in the coming weeks as they will try to rally for support from governments to bolster their December easing measures.
Expect to hear more of this from the ECB in the coming weeks as they will try to rally for support from governments to bolster their December easing measures.
Reminder: It is a partial holiday for US markets today
The bond market is closed but the stock market will be open
This will be in honour of Veterans Day. As such, the market may be a little more quiet in the session ahead with Canada also observing Remembrance Day.
This will be in honour of Veterans Day. As such, the market may be a little more quiet in the session ahead with Canada also observing Remembrance Day.
Ireland’s Coveney: A Brexit deal is doable but difficult
Comments by Irish foreign minister, Simon Coveney
remarks
reportedly
Only 50 days to go before the year ends. Tick tock, tick tock.
remarks
reportedly
Only 50 days to go before the year ends. Tick tock, tick tock.
ECB’s Knot: We are not excluding any measures ahead of December decision
Comments by ECB policymaker, Klaas Knot
– 2021 economic outlook will continue to be bumpy
– Economic impact from vaccine may take time
The ECB is still not really offering much hints ahead of their „recalibration“ next month.
– 2021 economic outlook will continue to be bumpy
– Economic impact from vaccine may take time
The ECB is still not really offering much hints ahead of their „recalibration“ next month.