ECB’s Rehn on German court ruling: We have found pragmatic, sensible way to move forward 0 (0)

Comments by ECB governing council member, Olli Rehn, to Handelsblatt
Just be aware that the latest development in this space is that the ECB has reportedly submitted some documents to the German judges to prove that its policy measures are ‚proportionate‘ in order to try and settle the dispute.

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WHO’s Kluge: Europe had first increase in weekly cases in ‚a long time‘ 0 (0)

Comments by WHO European regional director, Hans Henri Kluge
– 11 European countries face a resurgence of the coronavirus
– Cases are accelerating in 30 countries across Europe
The headline is a little unsettling as we are only a week away before Europe starts to open its doors to the rest of the world once again, but then

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UK June CBI retailing reported sales -37 vs -38 expected 0 (0)

Latest data released by UK CBI – 25 June 2020
– -50
– Total distributive reported sales -55
– Prior -63
Retail sales balance is seen improving a little in June but remains rather subdued overall but just take note that the sentiment reflected in the survey here is before the announcement by UK PM Johnson to ease

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US MBA mortgage applications w.e. 19 June -8.7% vs +8.0% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 19 June 2020
–  +8.0%
– Market index 773.1 vs 846.9 prior
– Refinancing index 3,434.66 vs 3,891.5 prior
The drop in the past week largely stems from a fall in refinancing activity but purchases are also seen declining a little after the push to a fresh 11-year

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US weighs new tariffs on $3.1 billion of exports from the EU and UK 0 (0)

According to a notice published by the USTR
The notice says that the US wants to impose new tariffs on European exports like olives, beer, gin and trucks, while also increasing duties on other products including aircrafts, cheese, and yoghurt, in a move that will add to trade tensions.

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UK PM Johnson announces relaxing of lockdown measures in England 0 (0)

Tourism and hospitality can resume on 4 July
– Social distancing rules to also be relaxed
– New rule is to keep at least 1 meter apart (previously 2 meters)
– Two households can meet in any setting
All of the above is applicable starting from 4 July onwards. The most important news in all of this I guess

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