France June trade balance -€7.96 billion vs -€7.05 billion prior
7 Aug 2020
Latest data released by INSEE - 7 August 2020
*figures in million of euros
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*figures in million of euros
Making some sense of the GBP
7 Aug 2020
GBP in focus
The GBP has been a tricky currency to trade recently. Over the last few weeks the GBP has been moving higher with seemingly little reason. With the Bank of England meeting yesterday the main message seems to be continued uncertainty. In the COVID-19 induced crisis there is lack of certainty on forward guidance
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The GBP has been a tricky currency to trade recently. Over the last few weeks the GBP has been moving higher with seemingly little reason. With the Bank of England meeting yesterday the main message seems to be continued uncertainty. In the COVID-19 induced crisis there is lack of certainty on forward guidance
UK finance minister Sunak: Furlough program is not sustainable in the long run
7 Aug 2020
UK finance minister, Rishi Sunak, reaffirms that the government cannot and will not extend the furlough program beyond October
- It is one of the most difficult decisions
As mentioned before, the furlough program is masking a lot of the underlying damage and pain suffered by the UK economy over the last few months and we will
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- It is one of the most difficult decisions
As mentioned before, the furlough program is masking a lot of the underlying damage and pain suffered by the UK economy over the last few months and we will
Tokyo reports 462 new coronavirus cases in latest update today
7 Aug 2020
That is the second-highest daily count in the Japanese capital
The figure is up from the 360 cases reported yesterday and is the first time that cases exceeded the 400 mark since the record 472 new cases on 1 August.
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The figure is up from the 360 cases reported yesterday and is the first time that cases exceeded the 400 mark since the record 472 new cases on 1 August.
Eurostoxx futures -0.1% in early European trading
7 Aug 2020
Mildly softer tones in early trades
- German DAX futures flat
- UK FTSE futures -0.2%
- Spanish IBEX futures -0.1%
Despite European futures keeping closer to flat levels, the overall risk mood is more on the defensive side to start the session as US futures are seeing down ~0.3% now.
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- German DAX futures flat
- UK FTSE futures -0.2%
- Spanish IBEX futures -0.1%
Despite European futures keeping closer to flat levels, the overall risk mood is more on the defensive side to start the session as US futures are seeing down ~0.3% now.
Nikkei 225 closes lower by 0.39% at 22,329.94
7 Aug 2020
A softer end to the week for Asian equities
The risk mood in Asia was dampened by Trump's executive orders against ByteDance and Tencent earlier in the day, prompting a fall in equities as well as US futures. The declines have been pared back a little but the mood is still more defensive for now.
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The risk mood in Asia was dampened by Trump's executive orders against ByteDance and Tencent earlier in the day, prompting a fall in equities as well as US futures. The declines have been pared back a little but the mood is still more defensive for now.
Germany June trade balance €15.6 billion vs €11.3 billion expected
7 Aug 2020
Latest data released by Destatis - 7 August 2020
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Germany June industrial production +8.9% vs +8.2% m/m expected
7 Aug 2020
Latest data released by Destatis - 7 August 2020
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Trade ideas thread - European session 7 August 2020
7 Aug 2020
Daily thread to exchange ideas and to share your thoughts
US futures are down ~0.5% while 10-year Treasury yields are lower by 1.5 bps to 0.52%. That is keeping markets on the defensive ahead of European morning trade.
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US futures are down ~0.5% while 10-year Treasury yields are lower by 1.5 bps to 0.52%. That is keeping markets on the defensive ahead of European morning trade.
Japan June preliminary leading indicator index 85.0 vs 84.9 expected
7 Aug 2020
Latest data released by the Japanese Cabinet Office - 7 August 2020
A modest improvement in leading indicators in the month of June but amid the resurgence of the virus across the country in July, that may dampen any prospects of a sustained and continued recovery in the Japanese economy.
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A modest improvement in leading indicators in the month of June but amid the resurgence of the virus across the country in July, that may dampen any prospects of a sustained and continued recovery in the Japanese economy.