Fundamental Analysis

Optimism Persists That The Coronavirus Outbreak May Be Slowing In Key Hot Spots

Optimism Persists That The Coronavirus Outbreak May Be Slowing In Key Hot Spots

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Notes/Observations Optimism persists that the coronavirus outbreak may be slowing in key hot spots Eurogroup later today with focus on whether member States can achieve solidarity on the necessary measures to address the economic impact of the virus outbreak Asia: RBA left the Cash Rate Target unchanged at 0.25% (as expected) Japan Feb Household Spending…
Investors Buoyed As Europe Turns A Corner

Investors Buoyed As Europe Turns A Corner

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A strong start again on Tuesday, as investors grow increasingly optimistic that the continent has turned a corner in the fight against the coronavirus. There are really encouraging signs that the worst hit countries in Europe are seeing significant improvements, that the lockdown measures are working and that life may soon be able to at…
Dollar Retreats, Equities Squeeze Higher As Contagion Slows

Dollar Retreats, Equities Squeeze Higher As Contagion Slows

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US stocks climb 7% on signs the pandemic has peaked in Europe, dollar and yen struggle Talk of another multi-trillion US rescue package supporting sentiment too Gold rallies on hedging and deficit expectations Today: Eurogroup meeting on ‘coronabonds’ could be vital for euro Virus slowdown and stimulus talk: Music for stocks Markets continue to price…
Equities Rally As New Coronavirus Cases Slow. Johnson’s Absence Raise Questions In The UK

Equities Rally As New Coronavirus Cases Slow. Johnson’s Absence Raise Questions In The UK

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The US stock indices kicked off the week with a bang, with three major indices rallying more than 7% at Monday’s session as news that the new coronavirus cases in some of the world’s hotspots such as New York, Spain, Italy and France are plateauing. This does not mean that the confinement measures will be…
A Bumpy Road Ahead

A Bumpy Road Ahead

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The world has finally seen a glimpse of light at the end of this dark tunnel. The coronavirus outbreak is starting to level off across many countries and cities. Looking at the new daily infected cases and death toll from Spain, Italy, Germany and France, all of those countries seem to be heading into a…
Currencies: Dollar Rally Slows, For Now

Currencies: Dollar Rally Slows, For Now

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Rates: More supply-related underperformance of US Treasuries?A US stock market outperformance and the start of the US Treasury’s mid-month refinancing operation triggered underperformance of US Treasuries vs German Bunds. Risk sentiment is less vibrating this morning, but supply remains at play. European investors await the outcome of a Eurogroup teleconference on EMU fiscal aid programmes.…
Wall Street Rallies As COVID-19 Curve Starts To Flatten

Wall Street Rallies As COVID-19 Curve Starts To Flatten

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Wall Street rallied yesterday as investors remained optimistic about the news that Coronavirus cases were peaking. The Dow Jones, Nasdaq, and S&P rose by more than 7% while the small-cap-heavy Russell 2000 rose by 9%. There are signs that the virus is peaking in Europe, where the daily death rate in several countries like France…
Denmark And Austria Present Their Covid-19 ‘Exit Strategy’

Denmark And Austria Present Their Covid-19 ‘Exit Strategy’

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Market movers today The biggest event of the day is the Eurogroup video conference. The finance ministers are expected to discuss three proposals: (1) a common economic response to the COVID-19 hit countries, including using ESM facilities or creating a common debt instrument, (2) a pan-European guarantee fund to increase EIB’s capacity to EUR200bn and…
Aussie 10-Year Bond Yields Rise On RBA Statement

Aussie 10-Year Bond Yields Rise On RBA Statement

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Euro-Zone’s Sentix Investor Confidence Index Dropped To A Record Low In April

Euro-Zone’s Sentix Investor Confidence Index Dropped To A Record Low In April

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For the 24 hours to 23:00 GMT, the EUR declined 0.28% against the USD and closed at 1.0788. On the macro front, Euro-zone’s Sentix investor confidence index dropped to a level of -42.9 in April, compared to a level of -17.1 in the previous month. Market participants were expecting the index to fall to a…