Comments by German finance minister, Olaf Scholz
Otherwise, it is going to be the case of putting the fire out whenever there is one because the economic and social damage is just too heavy a burden to bear for governments.
Latest data from the Mortgage Bankers Association for the week ending 12 June 2020
– +8.0%
– Market index 846.9 vs 784.5 prior
– Refinancing index 3,891.5 vs 3,529.0 prior
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Reuters reports on the matter
The report cites an internal document from the German government, saying that they are urging other EU member states to prepare for a no-deal Brexit with the German foreign office now convinced that the transition period will not be extended.
BofA reveals in their June fund manager survey
– Cash levels fall from 5.7% to 4.7% – biggest monthly decline since August 2009
– Growth expectations are jumping
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South Korea officially responds to the destruction of the inter-Korean liaison office in Kaesong earlier in the day
– North Korea should take all responsibility from here onwards
It could just be a symbolic move by North Korea earlier, in saying that tensions between the two have soured quite substantially. But if this develops into a higher
Risk sentiment is still on the optimistic side
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The DAX is holding gains close to 3% with European indices posting gains of over 2% in general currently, and S&P 500 futures are also up by 1.1% with Dow futures up 1.6%.
Powell will testify on the semiannual monetary policy report at 1400 GMT
Just take note that whatever he is going to be touching on has already been released .
Forex news from the European morning session – 16 June 2020
Headlines:
Markets:
– GBP leads, EUR lags on the day
– European equities higher; E-minis up 1.2%
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