Can European and US investors keep the torch alight in the latter half today?
China led the optimistic charge
finish with over 5% gains
In turn, that is keeping risk trades more buoyed so far in European morning trade with indices in the region holding near 2% gains while US futures are up by over 1%.

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The latest data for California
Confirmed cases now 248,253 vs 240,195 yesterday. If you exclude the lab backlog, this is the worst day yet.

6/22: 4,230
6/23: 5,019
6/24: 7,149
6/25: 5,349
6/26: 4,890
6/27: 5,972
6/28: 4,810
6/29: 5,307
6/30: 6,637
7/01: 9,740 -total includes 3,842 lab backlog cases
7/02: 7,538 – „“ 3,482 „“

Forex news for North American trade on July 3, 2020:
– US virus cases up 2.1% vs 2.1% a day earlier
Markets:
– Gold up $2 to 1777
– WTI crude oil down 33-cents to $40.32
The US was closed for a holiday and Canada didn’t bring any news or market moves to the table. Overall it was a typical

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Cases of COVID-19 have been climbing all week in Australia’s second most populous city of Melbourne.
The count of new cases has been hovering around 70 for the past days but the latest update is 108 new cases (biggest jump in more than 3 months).

The latest numbers from the CDC

European indices ease further, gradually extending losses on the session
There isn’t any fresh catalyst driving the moves here as European equities are sagging amid a more quiet and thinner liquidity session. The DAX is now down by 0.6% with other European indices also seeing similar losses as the risk mood tilts a little to the

Castex will succeed Eduoard Phillipe, who resigned earlier today

Forex news from the European trading session – 3 July 2020
Headlines:
Markets:
– NZD leads, GBP lags on the day
– European equities lower; E-minis down 0.1%