UK's Jenrick on Cummings issue: Now is the time for us all to move on

27 May 2020
Comments by UK housing minister, Robert Jenrick
Regardless of how lame his excuse was to justify his actions as being "reasonable", the fact that we are seeing this manifest in such a way is but a reflection of the poor impression that the UK government has given out in handling the virus crisis in the first
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Dollar keeps a little firmer to start the session

27 May 2020
Not a whole lot is happening so far
See here for global coronavirus case data
The dollar is holding slight gains since early trading today, and that isn't really changing despite some mild optimism in equities to start the session.
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S&P500, 200DMA and the 3000 level

27 May 2020
At the crossroads.  
There is one area generating a lot of attention right now and  that is the Daily 200 moving average on the S&P500.  In the last two major recessions of 2000 and 2008 the 200 daily moving average acted as a 'barrier' to any attempt at a bullish recovery. It is the place that
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Eurostoxx futures +0.3% in early European trading

27 May 2020
Mild optimism in early trades
- German DAX futures +0.5%
- UK FTSE futures +0.5%
- Spanish IBEX futures +0.5%
This mirrors the mood seen in US futures, which are up by 0.6% to start the session. Talks of more stimulus by Japan is helping to keep risk appetite more on the positive side of things, but so far
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Nikkei 225 closes higher by 0.70% at 21,419.23

27 May 2020
Japanese stocks get a boost from more stimulus talk
The government is reportedly going to be pouring another ¥100 trillion at least in , and that is helping to give the Nikkei a bit of a lift today.
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EU says to weigh 'robust' message to China over Hong Kong issue

27 May 2020
EU foreign affairs minister, Josep Borrell, remarks
they are weighing up measures, but nothing until the end of the week
We'll see how this develops but I wouldn't be surprised if the actions taken are rather 'soft' when all this is said and done.
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France May business confidence 59 vs 69 expected

27 May 2020
Latest data released by INSEE - 27 May 2020
- 62; revised to 53
- Consumer confidence 93 vs 92 expected
- Prior 95
- Manufacturing confidence 70 vs 85 expected
See here for global coronavirus case data
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Trade ideas thread - European session 27 May 2020

27 May 2020
Daily thread to exchange ideas and to share your thoughts
here
However, the inability for the S&P 500 to crack above key technical levels yesterday - despite a robust start - is sapping some of the confidence, at least in the currencies space.
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Japan's total bond issuance this fiscal year is said to rise to above ¥200 trillion

27 May 2020
Bloomberg reports that new bond issuance this fiscal year looks set to increase yet again by another ¥55 trillion to ¥60 trillion
outlining
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South Korea sees fresh spike in coronavirus cases amid outbreak in e-commerce warehouse

27 May 2020
South Korea reported 40 new cases in the past day, the highest total in 49 days
The firm did already say that it has moved to test 3,600 people at its facility after the reported incident. Once again, tracking and tracing is going to be the utmost importance here.
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