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%

A little storm cloud starting to emerge over the ECB
Citing sources familiar with conversations with ECB officials, this could be the first major disagreement among policymakers that could threaten to undermine the PEPP stimulus in the coming months/quarters.

The meeting is confirmed by a German government spokesperson
The two will be meeting in Berlin on Thursday next week. This is likely to iron out a possible compromise ahead of the EU summit that is due to take place on 17-18 July. Just keep your eyes and ears peeled in case we hear of anything

Fox News reports on the matter
It is said that the state department will send a letter to trade associations, CEOs, and company boards warning about conducting business with China.

Russian energy minister, Alexander Novak, comments
– OPEC+ has shown efficiency amid current market volatility
– It would be good if we changed our decisions as little as possible for several months
Russia continues to play it coy with the current agreement only to last through July at the moment. At the end of the day, it will

UK prime minister, Boris Johnson, remarks in the Evening Standard
The current scheme will run through until October and the government has been firm that it will not be extended beyond that.