Articles

Italy Q1 preliminary GDP -4.7% vs -5.4% q/q expected
Italy Q1 preliminary GDP -4.7% vs -5.4% q/q expected

Italy Q1 preliminary GDP -4.7% vs -5.4% q/q expected

51577   April 30, 2020 18:02   Forexlive Latest News   Market News  

Latest data released by Istat – 30 April 2020
– (Q4) -0.3%
– GDP -4.8% vs -5.4% y/y expected
– Prior +0.1%
See here for global coronavirus case data

Full Article

Japan economy minister says to consult experts on coronavirus tomorrow to decide on state of emergency
Japan economy minister says to consult experts on coronavirus tomorrow to decide on state of emergency

Japan economy minister says to consult experts on coronavirus tomorrow to decide on state of emergency

51576   April 30, 2020 18:02   Forexlive Latest News   Market News  

Comments by Japan economy minister, Yasutoshi Nishimura
There were yesterday that suggested that it would be extended by another month, but we’re still awaiting an official confirmation for now.

Full Article

The ECB will have some heavy lifting to do later today
The ECB will have some heavy lifting to do later today

The ECB will have some heavy lifting to do later today

51575   April 30, 2020 17:35   Forexlive Latest News   Market News  

The market mood is a little more tepid, as some investors are hoping for something from the ECB later in the day
For some of the countries, these reflect less than a month’s worth of lockdown measures and yet we are seeing record economic contractions already in the first quarter.

Full Article

Eurozone April preliminary CPI +0.4% vs +0.1% y/y expected
Eurozone April preliminary CPI +0.4% vs +0.1% y/y expected

Eurozone April preliminary CPI +0.4% vs +0.1% y/y expected

51572   April 30, 2020 17:02   Forexlive Latest News   Market News  

Latest data released by Eurostat – 30 April 2020
– +0.7%
– Prior +1.0%
See here for global coronavirus case data

Full Article

Eurozone Q1 preliminary GDP -3.8% vs -3.8% q/q expected
Eurozone Q1 preliminary GDP -3.8% vs -3.8% q/q expected

Eurozone Q1 preliminary GDP -3.8% vs -3.8% q/q expected

51573   April 30, 2020 17:02   Forexlive Latest News   Market News  

Latest data released by Eurostat – 30 April 2020
– (Q4) +0.1%
– GDP -3.3% vs -3.4% y/y expected
– Prior (Q4) +1.0%
See here for global coronavirus case data

Full Article

Eurozone March unemployment rate 7.4% vs 7.8% expected
Eurozone March unemployment rate 7.4% vs 7.8% expected

Eurozone March unemployment rate 7.4% vs 7.8% expected

51571   April 30, 2020 17:02   Forexlive Latest News   Market News  

Latest data released by Eurostat – 30 April 2020
– 7.3%
See here for global coronavirus case data

Full Article

Italy’s Conte says may further relax lockdown measures after 18 May
Italy’s Conte says may further relax lockdown measures after 18 May

Italy’s Conte says may further relax lockdown measures after 18 May

51570   April 30, 2020 16:56   Forexlive Latest News   Market News  

Conte says Italy is to evaluate lockdown easing on a regional level
See here for global coronavirus case data

Full Article

Dollar holds its ground in tepid trading so far
Dollar holds its ground in tepid trading so far

Dollar holds its ground in tepid trading so far

51569   April 30, 2020 16:35   Forexlive Latest News   Market News  

The aussie and kiwi back off as stocks lose momentum
See here for global coronavirus case data
The major currencies snapshot has a sense of risk-off element to it but the movement on the day has been relatively mild for the most part. As stocks fall flat to trade more mixed on the session, the aussie and

Full Article

Thursday 30th April: Asian markets gain on success of Gilead’s trial.
Thursday 30th April: Asian markets gain on success of Gilead’s trial.

Thursday 30th April: Asian markets gain on success of Gilead’s trial.

51567   April 30, 2020 16:26   ICMarkets   Market News  

Global Markets:

  • Asian Stock Markets : Nikkei up 2.14%, Shanghai Composite up 1.33%, ASX up 2.39%
  • Commodities : Gold at $1732.35 (+1.11%), Silver at $15.76 (+3.96%), Brent Oil at $25.95 (+7.10%), WTI Oil at $17.02 (+13.01%)
  • Rates : US 10-year yield at 0.609, UK 10-year yield at 0.274, Germany 10-year yield at -0.512

News & Data:

  • (EUR) Spanish Flash GDP q/q -5.20% vs -4.20% expected
  • (EUR) French Flash GDP q/q -5.80% vs -4.00% expected
  • (CNY) Caixin Manufacturing PMI 49.4 vs 50.1 previous
  • (NZD) ANZ Business Confidence -66.6 vs -73.1 previous
  • (CNY) Non-Manufacturing PMI 53.2 vs 52.7 expected
  • (CNY) Manufacturing PMI 50.8 vs 51 expected
  • (USD) Federal Funds Rate <0.25% vs <0.25% expected
  • (USD) Pending Home Sales m/m -20.80% vs -13.30% expected
  • (USD) Advance GDP Price Index q/q 1.30% vs 1.00% expected
  • (USD) Advance GDP q/q -4.80% vs -4.00% expected

Markets Update:

Asian stocks finished mostly higher on Thursday after a top U.S. health official said Gilead Sciences Inc’s antiviral drug remdesivir was likely to become the standard of care for Covid-19. Speaking at the White House Wednesday, top U.S. doctor Anthony Fauci said that early results from a trial showed it helped certain patients recover more quickly.

Mainland Chinese stocks rose on the day, with the Shanghai composite up 1.3% while the Shenzhen composite added 1.9%. Stocks in Japan saw robust gains as they returned to trade following a Wednesday holiday. The Nikkei 225 jumped 2.1%. Markets in Hong Kong and South Korea were closed on Thursday for a holiday.

Investor sentiment was further bolstered after the Federal Reserve left key interest rates near zero, as widely expected, and said the U.S. central bank would continue to support recovery from the economic shock of the coronavirus.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 99.469 after seeing levels above 100 earlier this week. The yield on benchmark U.S. 10-year Treasuries stayed parked at 0.609%, after the U.S. Federal Reserve left interest rates near zero and gave no indication of lifting them any time soon.

Upcoming Events:

  • 09:00 AM GMT – (EUR) Prelim Flash GDP q/q
  • 11:45 AM GMT – (EUR) Main Refinancing Rate
  • 11:45 AM GMT – (EUR) Monetary Policy Statement
  • 12:30 PM GMT – (CAD) GDP m/m
  • 12:30 PM GMT – (EUR) ECB Press Conference
  • 12:30 PM GMT – (USD) Unemployment Claims
  • 12:30 PM GMT – (USD) Personal Spending m/m
  • 01:45 PM GMT – (USD) Chicago PMI

Full Article

Germany April unemployment change 373.0k vs 74.5k expected
Germany April unemployment change 373.0k vs 74.5k expected

Germany April unemployment change 373.0k vs 74.5k expected

51566   April 30, 2020 15:56   Forexlive Latest News   Market News  

Latest data released by the Federal Employment Agency – 30 April 2020
– 1.0k
– Unemployment rate 5.8% vs 5.2% expected
– Prior 5.0%
See here for global coronavirus case data

Full Article

Stocks lose the early momentum, fall to flat levels
Stocks lose the early momentum, fall to flat levels

Stocks lose the early momentum, fall to flat levels

51565   April 30, 2020 15:49   Forexlive Latest News   Market News  

European equities and US futures trade flat now
See here for global coronavirus case data
This is helping out the dollar against commodity currencies, as we see AUD/USD fall to 0.6543 and NZD/USD ease lower to 0.6127 currently.

Full Article

China says that it stands ready to discuss ‘fast track’ entry with other nations
China says that it stands ready to discuss ‘fast track’ entry with other nations

China says that it stands ready to discuss ‘fast track’ entry with other nations

51562   April 30, 2020 15:33   Forexlive Latest News   Market News  

China is beginning to allow business travel into the country
South Korea is the first on the list to be granted allowance
It isn’t exactly a massive relaxing of border restrictions per se but it is a start I guess.

Full Article

Forward · Rewind