Hang Seng Eyes Resistance, Stocks May Wobble on Virus Woes, US-HK Bill
APAC stocks may rise after equities rose on Wall Street. Still, virus concerns and a newly approved US sanction bill over Hong Kong’s autonomy will likely weigh on sentiment.
Read More »Goldman Sachs CEO Solomon still sees a V-shaped recovery for the US economy
The GS head was speaking at a Bloomberg event – "This crisis has had a profound impact on the economic environment that we’re operating in" Solomon did hedge aroiund though:
Read More »USDJPY – 6-day high to 6-week low
USDJPY, H1 USDJPY dipped from levels just under 107.00 to a low of 106.74, and then rallied to a six-day high at 107.22 during the European session, following the Navarro…
Read More »FTSE China A50 Gains With Crude Oil, Gold Prices Attempt Breakout
Asia-Pacific stocks are set to open higher following a decent rebound in US indices overnight as crude oil prices climbed to a three-month high. Gold prices attempt to break out…
Read More »US coronavirus cases rise 1.6% vs 1.2% seven-day average
Highest rate of change since June 1 US virus cases rose 34,284 in the past day. It’s the second day in a row above 30,000 after ranging from 19-28K in…
Read More »Events to Look Out for Next Week
Welcome to our weekly agenda, our briefing on all the key financial events globally.Virus jitters will remain a focus along with Beijing and several US states as real data continues…
Read More »Economic data coming up in the European session
UK May retail sales data is due today Overall price action in the currencies space is more subdued with US futures just a touch higher for now, though it’s hard…
Read More »Equity futures boosted further from US data
The Dollar rose following the better industrial production figures and Retail sales, leaving EURUSD at session lows of 1.1268 from 1.1285, and USDJPY at session highs of 107.51 from 107.45….
Read More »Oil Price Recovery to Linger as US Crude Output Continues to Contract
The ongoing contraction in US production may keep the price of oil afloat as crude output narrows for ten consecutive weeks.
Read More »Nasdaq 100 Sets Fresh All-Time-Highs, US Stocks Jump on Jobs Report
Don't call it a comeback, but the Nasdaq 100 has now erased the entirety of the coronavirus sell-off, even as social unrest remains a concern.
Read More »