Forex news from the European trading session – 2 June 2020
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; E-minis up 0.5%

Comments by China president Xi Jinping
– Will step up capability to test infectious diseases
– Will enhance research, development of new traditional Chinese medicine
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Comments by German foreign minister, Heiko Maas
– We are preparing a decision for Cabinet tomorrow
– The aim is to lift travel warning for EU and some other countries
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Comments by UK foreign secretary, Dominic Raab
– We oppose such an authoritarian security law
– We recognise China’s role in the world but it should live up to its responsibilities
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Bloomberg reports
Not much other details being offered for now apart from the headline, but this largely fits expectations of the oil market in trading so far this week. Once again, do be reminded that the existing output cuts deal is to run from May to June.