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
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Latest data released by Markit/CIPS - 6 July 2020 - 28.9 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.
Latest data released by Sentix - 6 July 2020 - -24.8 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
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.
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
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 - 40.1 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 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.
