April 15, 2020
- Germany likey tp extend lockdown deadline
- Dollar finds bid in risk-off mood
- -1.33 1.91%
- UST 10Y 0.63%
- Oil $20/bbl
- Gold $1721/oz
Asia and the EU
North America Open
- USD 8:30 Weekly Jobless Claims
- USD 8:30 Philly Fed
- USD 8:30 Building Permits
- CAD 8:20 ADP
Markets were generally quiet in Asian and early European trade today with risk-off flows reversing in early Frankfurt dealing as index futures traded about 0.5% higher ahead of the North American open.
There was no fresh news to drive price flow as governments continued to struggle with damage from COVID-19 which passed 2M inflection mark yesterday. In the UK the government suggested that the lockdown would be extended for at least another 3 weeks while in Germany the government hinted that restriction may ease soon even as the country saw a spike in new cases and death rates.
Overall, the health crisis remains at a standstill with some promising signs that the rate of infections may be starting to flatten…