Rough day for equities
On the week:
Despite the drama, it was an inside-week in the S&P 500:
On the week:
Despite the drama, it was an inside-week in the S&P 500:
Schlagwort-Archiv: GBP
ForexLive Americas FX news wrap: Re-opening turns into re-closing
Forex news for North American trade on June 26, 2020:
Markets:
– Gold up $6 to $1770
– US 10-year yield down 4.4 bps to 0.64%
– WTI crude down 50-cents to $38.22
The weight of coronavirus news because too much for the market to bear on Friday as officials backpedaled on the reopening in several US states and the
Markets:
– Gold up $6 to $1770
– US 10-year yield down 4.4 bps to 0.64%
– WTI crude down 50-cents to $38.22
The weight of coronavirus news because too much for the market to bear on Friday as officials backpedaled on the reopening in several US states and the
S&P 500 touches a fresh session low
Stocks hit again
The S&P 500 touched a fresh session low at 3015 but only fractionally. The market has bounced from around these levels 3 times already and is trying to again.
The S&P 500 touched a fresh session low at 3015 but only fractionally. The market has bounced from around these levels 3 times already and is trying to again.
San Francisco bails on Monday’s reopening plan
This isn’t going well
That’s parts of three different states — Florida, Texas and California — all backpedaling today. Add in Arizona and that’s around 30% of GDP.
That’s parts of three different states — Florida, Texas and California — all backpedaling today. Add in Arizona and that’s around 30% of GDP.
Japan records more than 100 new virus cases for the first time since 9 May
Kyodo News reports with the headline
reported
Relative to the US, this doesn’t seem like a big deal but it is all a matter of perception when viewing cases across different countries. For now, this isn’t prompting any major reaction by the government yet but let’s see how things go in the coming days/weeks.
reported
Relative to the US, this doesn’t seem like a big deal but it is all a matter of perception when viewing cases across different countries. For now, this isn’t prompting any major reaction by the government yet but let’s see how things go in the coming days/weeks.
Brexit talks key focus for GBPUSD next week
GBPUSD and Brexit talks
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Looking to trade the GBPUSD next week?
to learn more.
Checkout ForexSource.co
ForexLive European FX news wrap: Groundhog Day ahead of the weekend?
Forex news from the European trading session – 26 June 2020
Headlines:
Markets:
– JPY leads, GBP lags on the day
– European equities higher; E-minis flat
– US 10-year yields down 1.5 bps to 0.67%
Headlines:
Markets:
– JPY leads, GBP lags on the day
– European equities higher; E-minis flat
– US 10-year yields down 1.5 bps to 0.67%
UK’s Sunak: Furlough scheme not sustainable indefinitely
Comments by UK finance minister, Rishi Sunak
– We are past the acute phase of the crisis
– Furlough scheme will last for up to eight months
– We cannot protect every job despite unprecedented action
Sunak is just reaffirming the government’s plans to move forward with the economic reopening, justifying the recent actions from a labour market perspective
– We are past the acute phase of the crisis
– Furlough scheme will last for up to eight months
– We cannot protect every job despite unprecedented action
Sunak is just reaffirming the government’s plans to move forward with the economic reopening, justifying the recent actions from a labour market perspective
Another choppy risk session going into North American trading today
The market is still in search of some firm direction in general
European equities began the session with solid gains before seeing almost all of that wiped out after the opening hour of trade, before clawing its way back higher over the past few hours as we look towards North American trading now.
European equities began the session with solid gains before seeing almost all of that wiped out after the opening hour of trade, before clawing its way back higher over the past few hours as we look towards North American trading now.
ECB: Monetary policy measures and fiscal response has reduced downside tail risks
ECB releases the account of its June monetary policy meeting
The ECB hammers home the point that QE and PEPP stimulus measures are proportionate to the conditions at the time, in another salvo at the German constitutional court ruling last month. But apart from that, there isn’t much of anything new really from this.
The ECB hammers home the point that QE and PEPP stimulus measures are proportionate to the conditions at the time, in another salvo at the German constitutional court ruling last month. But apart from that, there isn’t much of anything new really from this.