Eurozone May retail sales +17.8% vs +15.0% m/m expected
Latest data released by Eurostat - 6 July 2020
- -11.7%; revised to -12.1%
- Retail sales -5.1% vs -6.5% y/y expected
- Prior -19.6%
Retail sales activity rebounded strongly in the euro area in May, as lockdown restrictions were eased in most countries. But relative to a year ago, retail sales is still seen lower by a
Latest data released by Markit/CIPS - 6 July 2020
That is a decent rebound in construction activity as the economic reopening gathers pace, with new orders even seen stabilising after three months of sharp decline.
Eurozone July Sentix investor confidence -18.2 vs -10.4 expected
Latest data released by Sentix - 6 July 2020
Investor confidence gets a mild boost relative to the June survey, but is staying more depressed than expected. If anything, this just reaffirms that there is still a lot of uncertainty still in the air and that any quick path to a recovery is fleeting
BOJ likely to maintain view of economy at meeting next week - report
Reuters reports, citing sources familiar with the BOJ thinking
Adding that this should heighten the odds of the BOJ keeping policy steady at its 14-15 July policy meeting, after having added to stimulus measures in March and April.
SNB total sight deposits w.e. 3 July CHF 687.0 bn vs CHF 683.0 bn prior
Latest data released by the SNB - 6 July 2020
- Domestic sight deposits CHF 605.9 bn vs CHF 602.5 bn prior
Prior week's release can be found . Another modest increase in overall sight deposits as it reaffirms that the SNB is seen back in the market to smooth out the appreciation in the franc, with
Japan's Nishimura: Agreed with virus experts that we can expand economic activity further on 10 July
Comments by Japanese economy minister, Yasutoshi Nishimura
- This will be based on the premise of thorough steps to prevent the virus spreading
- Virus experts suggested need for strategic testing
New virus cases in the Japanese capital rose by >100 for a fifth straight day, but so far authorities are maintaining that they are able to identify
Latest data released by Markit - 6 July 2020
Not much of an improvement as German construction activity remains mired in a downturn, as activity falls for a fourth straight month. Of note, new orders declined further with the pace of decline showing little change compared to that of May.
EUR/USD tests last week's high amid weaker dollar to start the session
EUR/USD buyers looking for a nudge above 1.1300 again
Buyers are making some good strides on the day, breaking away from the key hourly moving averages and back towards the high last week near the 1.1300 handle.
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