Notícias do Mercado

6 abril 2020
  • 23:30

    Australia: AIG Services Index, March 38.7

  • 23:02

    New Zealand: NZIER Business Confidence, Quarter I -70%

  • 20:50

    Schedule for tomorrow, Tuesday, April 7, 2020

    Time Country Event Period Previous value Forecast
    01:30 Australia ANZ Job Advertisements (MoM) March 0.7% -2.9%
    01:30 Australia Trade Balance February 5.21
    04:30 Australia Announcement of the RBA decision on the discount rate 0.25%
    04:30 Australia RBA Rate Statement
    05:00 Japan Leading Economic Index February 90.5 90.4
    05:00 Japan Coincident Index February 95.2 95.1
    06:00 Germany Industrial Production s.a. (MoM) February 3% -0.8%
    06:45 France Trade Balance, bln February -5.887 -4.93
    07:00 Switzerland Foreign Currency Reserves March 769
    07:30 United Kingdom Halifax house price index March 0.3% 0.2%
    07:30 United Kingdom Halifax house price index 3m Y/Y March 2.8%
    08:00 Eurozone Eurogroup Meetings
    14:00 U.S. JOLTs Job Openings February 6.963 6.476
    14:00 Canada Ivey Purchasing Managers Index March 54.1
    19:00 U.S. Consumer Credit February 12.02 14
    23:50 Japan Core Machinery Orders February 2.9% -2.7%
    23:50 Japan Current Account, bln February 612 3061.9
    23:50 Japan Core Machinery Orders, y/y February -0.3% -2.9%
  • 20:00

    DJIA +6.05% 22,325.66 +1,273 Nasdaq +5.79% 7,800.19 +427.10 S&P +5.77% 2,632.13 +143.48

  • 17:01

    European stocks closed: FTSE 100 5,582.39 +166.89 +3.08% DAX 10,075.17 +549.40 +5.77% CAC 40 4,346.14 +191.56 +4.61%

  • 16:10

    White House chief economic adviser Kudlow says he supports issuing "COVID war bonds" - Reuters reports, citing Kudlow's CNBC interview

    • Says White House advisers have been discussing the possibility of a coronavirus-related U.S. Treasury bond
    • Thinks "war bond" is great idea
    • Says this would be a long-term investment into "future of American health, safety and the economy"
    • Thinks the concept is "exactly right", technical considerations aside

  • 16:00

    BoC's Business Outlook Survey (BOS): Business sentiment softened in most regions even before concerns around COVID‑19 intensified in Canada

    • Sales have collapsed for businesses in some consumer-oriented industries and energy firms have experienced a dramatic increase in economic and financial stress;
    • Sales outlook for businesses tied to the energy sector had weakened significantly because of falling oil prices
    • Amid softening domestic demand, businesses planned modest increases in capital spending on machinery and equipment in next 12 months;
    • Balance of opinion on employment intentions has continued to trend downward since mid-2018 to below its historical average;
    • While businesses anticipated input prices to grow slightly faster, they expected to increase their output prices at a marginally slower pace due to competitive pressures;
    • Inflation expectations continued to edge up toward 2 percent target midpoint of BoC's inflation-control range;
    • BOS indicator fell below zero (to -0.68 from +0.75 in previous survey), signaling that business sentiment had softened even before the COVID‑19 shock intensified. Results for several BOS questions fell to levels slightly below or near their historical average, often reflecting widespread weakness in the energy-producing regions and an easing in activity, sometimes from high levels.

  • 15:26

    Norway oil ministry: Norway will consider participating OPEC+ meeting as observer if there is broad participation

    • Says Norway was invited to attend Thursday's OPEC+ meeting
    • Says no ongoing talks with oil companies about cuts

  • 15:23

    Oil: Even a large cut will not be enough to offset the shock – TDS

    FXStreet reports that strategists at TD Securities note that risk markets are enjoying some recovery this morning but, as expected, the balance of risks have been to the downside for crude oil.

    “The Monday global OPEC+ meeting was too optimistic for the group to reach a negotiated agreement, and the meeting has been pushed to Thursday.” 

    “Prices are still holding relatively firm as optimism is high that an eventual deal will be struck, with many referencing the 10m bpd figure.”

    “In our view, a double-digit cut is only plausible should the United States participate in the cuts, which at this point, seems to have a high hurdle for success as President Trump's communications suggest the country is not ready to commit to such an agreement.

    “With negotiations ongoing, two-way risks remain particularly high. Nonetheless, the longer it takes to come to an agreement the more inventories swell and the more detrimental the demand shock will prove to be, which suggests even a large cut will not be enough to offset the shock, at least in the near-term.”

  • 15:19

    BoE announces that TFSME will open for drawings sooner than previously anticipated

    The BoE says its Term Funding Scheme with additional incentives for small and medium-sized enterprises (SMEs) will open to drawings on 15 April 2020, sooner than previously anticipated.

  • 15:03

    EUR/GBP: Cable will remain soft – Rabobank

    FXStreet reports that analysts at Raobank note European investors have seen value in the pound this morning after it was sold off overnight with  EUR/GBP pulling back to levels held around the European close on Friday.

    “The UK GfK consumer confidence survey unsurprisingly showed a sharp fall. The headline figure for the final March reading was -34, down from a February reading of -9.”

    “Fears that this year’s virus-associated recession could be lengthened by the inability of the UK and the EU to sort out a trade deal before the start of 2021 could enhance downside potential for GBP.”

    “Tomorrow, there will be a call between Eurozone finance ministers.  A continued failure to compromise could widen the perceived cracks in the Eurozone and weigh on the EUR.”

    “While Eurozone politics could limit downside pressure for EUR/GBP in the coming weeks, we expect cable will remain soft.  We see scope for another dip to 1.19 on a 3-month view.”

  • 14:44

    Bank of Israel cuts benchmark rates to 0.10% from 0.25%

    • It marks the first rate cut in five years
    • Announces it will expand plan through which repo transactions are carried out vis-à-vis financial entities, so that the agreements can include corporate bonds (in addition to government bonds) as security
    • Says it will also provide monetary loans to banks for three-year term, with fixed interest rate of 0.1%
  • 14:37

    USD/CAD: Loonie crushed by oil – NBF

    FXStreet reports that according to economists at the National Bank of Canada (NBF), the Canadian dollar lost 6% against the USD in March, its worst monthly performance in five years. Granted, the economy is now in recession and GDP growth this year is set to be the worst ever recorded.

    “The downgrade to our 2020 forecasts for world GDP growth and OPEC/Russia price war prompted us to lower our projections for oil prices. WTI oil is now expected to average around $28/barrel this year.”

    “Lower oil prices translate to a lower path for the Canadian dollar than anticipated earlier. We now see USD/CAD heading past 1.45 by mid-year before moving back down later in the year as WTI recovers.”

  • 14:33

    U.S. Stocks open: Dow +4.05%, Nasdaq +3.67%, S&P +3.83%

  • 14:26

    Before the bell: S&P futures +3.61%, NASDAQ futures +3.76%

    U.S. stock-index futures surged on Monday, as investors digested signs that the COVID-19 situation could be improving.


    Global Stocks:

    Index/commodity

    Last

    Today's Change, points

    Today's Change, %

    Nikkei

    18,576.30

    +756.11

    +4.24%

    Hang Seng

    23,749.12

    +513.01

    +2.21%

    Shanghai

    2,763.99

    -16.65

    -0.60%

    S&P/ASX

    5,286.80

    +219.30

    +4.33%

    FTSE

    5,529.75

    +114.25

    +2.11%

    CAC

    4,297.70

    +143.12

    +3.44%

    DAX

    9,959.13

    +433.36

    +4.55%

    Crude oil

    $27.26


    -3.81%

    Gold

    $1,674.10


    +1.73%

  • 13:59

    PBoC: Further RRR cuts remain on the cards – UOB

    FXStreet reports that Head of Research at UOB Group Suan Teck Kin reviewed the recently announced RRR cut by the PBoC.

    “PBoC last Friday (3 Apr) announced the third reserve requirement ratio (RRR) of the year, targeting at smaller banks to support small and medium enterprises (SMEs). This comes as no surprise because it was flagged at the State Council meeting just days earlier."

    “PBoC also announced the lowering of the interest rate paid on excess reserves to 0.35% from 0.72%. This is the first reduction of since 2008, and the magnitude is also larger compared to the 27bps move twelve years ago. As this rate acts as a lower bound in the interest rate corridor, the latest cut will effectively “force” other interest rates to move lower as well.”

    “With the COVID-19 pandemic continues to spread outside of mainland China, we see scope for another one to two rounds of RRR cut in the next 3-6 months, along with a gradual decline in the benchmark 1Y loan prime rate (LPR).”

  • 13:52

    UK PM Johnson's spokesman: We remain committed to continuing Brexit negotiations

    • UK will not extend Brexit transition period
    • Both sides continue to analyze legal texts, talks continue remotely

  • 13:48

    Germany's finance minister Scholz: I am optimistic that Eurozone finance ministers can find solution for European Solidarity tomorrow evening

  • 13:43

    Wall Street. Stocks before the bell

    (company / ticker / price / change ($/%) / volume)


    3M Co

    MMM

    137.7

    3.91(2.92%)

    16751

    ALCOA INC.

    AA

    6.22

    0.25(4.19%)

    48799

    ALTRIA GROUP INC.

    MO

    38.69

    1.28(3.42%)

    12285

    Amazon.com Inc., NASDAQ

    AMZN

    1,939.00

    32.41(1.70%)

    61928

    American Express Co

    AXP

    77.29

    3.69(5.01%)

    19026

    AMERICAN INTERNATIONAL GROUP

    AIG

    21.5

    1.04(5.08%)

    11815

    Apple Inc.

    AAPL

    249.95

    8.54(3.54%)

    535865

    AT&T Inc

    T

    28.2

    0.74(2.69%)

    302916

    Boeing Co

    BA

    131.01

    6.49(5.21%)

    504187

    Caterpillar Inc

    CAT

    117.57

    2.90(2.53%)

    6831

    Chevron Corp

    CVX

    76.38

    1.27(1.69%)

    52187

    Cisco Systems Inc

    CSCO

    40.66

    1.60(4.10%)

    201086

    Citigroup Inc., NYSE

    C

    39.15

    1.66(4.43%)

    190011

    Deere & Company, NYSE

    DE

    139.99

    4.47(3.30%)

    180

    E. I. du Pont de Nemours and Co

    DD

    33

    1.13(3.55%)

    3063

    Exxon Mobil Corp

    XOM

    40.22

    1.01(2.58%)

    190373

    Facebook, Inc.

    FB

    159.95

    5.77(3.74%)

    155464

    FedEx Corporation, NYSE

    FDX

    112

    2.78(2.55%)

    3030

    Ford Motor Co.

    F

    4.43

    0.19(4.48%)

    544960

    Freeport-McMoRan Copper & Gold Inc., NYSE

    FCX

    6.63

    0.31(4.90%)

    45288

    General Electric Co

    GE

    7.02

    0.29(4.31%)

    813723

    General Motors Company, NYSE

    GM

    18.85

    0.81(4.49%)

    68527

    Goldman Sachs

    GS

    152.99

    6.06(4.12%)

    12613

    Google Inc.

    GOOG

    1,138.22

    40.34(3.67%)

    15738

    Hewlett-Packard Co.

    HPQ

    15

    0.52(3.59%)

    18588

    Home Depot Inc

    HD

    185

    6.30(3.53%)

    12449

    HONEYWELL INTERNATIONAL INC.

    HON

    131.5

    4.05(3.18%)

    2862

    Intel Corp

    INTC

    56.49

    2.36(4.36%)

    148006

    International Business Machines Co...

    IBM

    109.5

    3.16(2.97%)

    16855

    International Paper Company

    IP

    30.25

    0.88(3.00%)

    250

    Johnson & Johnson

    JNJ

    137.25

    3.08(2.30%)

    30028

    JPMorgan Chase and Co

    JPM

    87.59

    3.54(4.21%)

    186047

    McDonald's Corp

    MCD

    166.74

    6.41(4.00%)

    15276

    Merck & Co Inc

    MRK

    79

    2.75(3.61%)

    13155

    Microsoft Corp

    MSFT

    159.85

    6.02(3.91%)

    529188

    Nike

    NKE

    81.6

    2.74(3.47%)

    129653

    Pfizer Inc

    PFE

    34.56

    0.92(2.73%)

    42692

    Procter & Gamble Co

    PG

    117.76

    2.68(2.33%)

    9593

    Starbucks Corporation, NASDAQ

    SBUX

    64.77

    1.72(2.73%)

    136588

    Tesla Motors, Inc., NASDAQ

    TSLA

    503.6

    23.59(4.91%)

    408966

    The Coca-Cola Co

    KO

    45.4

    1.57(3.58%)

    40043

    Twitter, Inc., NYSE

    TWTR

    23.95

    0.86(3.72%)

    171499

    UnitedHealth Group Inc

    UNH

    236.3

    6.81(2.97%)

    5674

    Verizon Communications Inc

    VZ

    55.79

    1.09(1.99%)

    31518

    Visa

    V

    158.12

    6.27(4.13%)

    54359

    Wal-Mart Stores Inc

    WMT

    120.36

    0.88(0.74%)

    21382

    Walt Disney Co

    DIS

    97.65

    3.77(4.02%)

    103401

    Yandex N.V., NASDAQ

    YNDX

    33.6

    1.22(3.77%)

    35214

  • 13:40

    Target price changes before the market open

    Walmart (WMT) target raised to $135 from $132 at Telsey Advisory Group

  • 13:39

    Downgrades before the market open

    Starbucks (SBUX) downgraded to Neutral from Overweight at JP Morgan; target lowered to $55

  • 13:39

    Upgrades before the market open

    Intel (INTC) upgraded to Mkt Perform from Underperform at Raymond James

    Tesla (TSLA) upgraded to Buy from Hold at Jefferies; target lowered to $650

    eBay (EBAY) upgraded to Buy from Neutral at Guggenheim

  • 13:33

    Germany's economy minister Altmaier: There is no limit to the overall volume of small loans programme

  • 13:29

    RBA expected to keep rates on hold – UOB

    FXStreet reports that economist at UOB Group Lee Sue Ann believes the RBA will keep the overnight cash rate (OCR) unchanged at this week’s meeting.

    “We think the RBA will not be changing the OCR for at least some time. In terms of QE, RBA Governor Philip Lowe emphasised that the Board did not take the latest decisions lightly. We believe this is probably the start, and not the end, of measures the RBA will eventually have to undertake to cushion the impact from COVID-19.”


  • 13:19
  • 13:14

    UK PM Johnson's spokesman says PM remains under observation in hospital

    • Says Johnson is in good spirits and is undergoing routine tests
    • Issue is that PM's symptoms have remained persistent

  • 12:58

    New Zealand: NZD/USD is vulnerable while NZD/AUD should consolidate – Westpac

    FXStreet reports that analysts at Westpac Institutional Bank take a look at the outlook of the kiwi against the US dollar and the Aussie. 

    “NZD/USD is vulnerable to falling below 0.5845 near-term USD remains strong amid global risk aversion.”

    “NZD/AUD should consolidate around 1.0200 while market digests RBNZ QE, but should eventually retest 1.0000 as the Aussie is more sensitive to global sentiment.”

  • 12:38

    European session review: JPY weakens as Japan’s PM Abe is to declare state of emergency Tuesday, GBP recovers as UK’s PM Johnson is expected to be back at his office “shortly”

    Time Country Event Period Previous value Forecast Actual
    06:00 Germany Factory Orders s.a. (MoM) February 4.8% -2.4% -1.4%
    08:30 Eurozone Sentix Investor Confidence April -17.1 -42.9
    08:30 United Kingdom PMI Construction March 52.6 44 39.3


    JPY fell against other major currencies in the European session on Monday after Japan's Prime Minister Shinzo Abe told Japanese media he plans to declare the state of emergency in 7 prefectures to stop coronavirus on Tuesday. According to the PM, emergency will last about a month but it will not lead to lockdown steps like seen in overseas cities. The seven prefectures involved will be Tokyo, Osaka, Chiba, Kanagawa, Hyogo, Saitama and Fukuoka.

    Abe also announced a larger-than-expected stimulus package of JPY 108 trillion to support households and businesses, struggling from the impact of COVID-19.

    In addition, investors are awaiting the announcement of the details of a massive package of economic measures, recommended by Abe's ruling party last week, which are expected to be announced on Tuesday as well.

    Japan's PM will hold a press briefing tomorrow at 10:00 GMT.

    Meanwhile, GBP strengthened against most its major rivals, including USD, EUR, JPY and CHF, after the UK's housing minister Robert Jenrick said that Prime Minister Boris Johnson, who was admitted to hospital on Sunday night due to persistent symptoms of Covid-19, is "doing well" and is expected to be back at his office "shortly".

  • 12:23

    USD/CNH: Declining bets on a break above 7.1700 – UOB

    FXStreet reports that in opinion of FX Strategists at UOB Group, the chances of USD/CNH to break above the 7.1700 area have lost traction as of late.

    24-hour view: “USD traded between 7.0929 and 7.1195 last Friday, much narrower than our expected range of 7.0650/7.1250. The price action offers no fresh clues and USD is likely to continue to consolidate for now. Expected range for today, 7.0900/7.1250.”

    Next 1-3 weeks: “There is not much to add to the update from Monday (30 Mar). As highlighted, the chance for USD to break above 7.1700 has diminished. However, only a breach of 7.0450 (‘strong support’ level previously at 7.0350) would indicate that the current upward pressure has eased. Looking ahead, a break of 7.0450 would suggest USD could spend trade in a broad range for a period.”


  • 12:05

    Germany: Easing of restrictions can come if infection rate is below 1

    • Transmission of lockdown to pandemic control should be as quick as possible
    • Hospitals should have enough capacity to treat people
    • Infection rate must remain below 1, can be done without extensive lockdown
    • Suspected cases should stay at home or in quarantine hotels if the infection rate is maintained below 1
    • Proposing opening of retail stores and restaurants but limiting the number of people in closed rooms if the infection rate is maintained below 1
    • Proposing a regional opening of schools and educational institutions if the infection rate is maintained below 1
    • Proposing developing a system of controls at the EU borders, open borders within the Schengen area

  • 11:59

    Currencies: The last thing the world needs is a stronger USD – Nordea

    Currencies: The last thing the world needs is a stronger USD – Nordea

    FXStreet reports that analysts at Nordea note that with the massive issuance upcoming in the U.S., either the Fed will have to buy almost everything or else the USD needs to weaken to attract foreign purchases of U.S. Treasuries again.

    “Essentially no one wants a strong USD currently, but that doesn’t necessarily mean that it will weaken. A stronger dollar generally tightens financial conditions outside of the US, which is kind of counterintuitive since weaker currencies outside of the US in principle should lead to a competitive advantage.”

    “Some reasons why a strong USD is bad news for growth are that EM countries have borrowed in USD, firms who have borrowed in dollars see debt burdens grow in local currency and the financial sector also empirically becomes less keen to lend out when the USD is strong.” 

    “The last thing the world needs right now is an even stronger USD; in such case, we wouldn’t rule out a new Plaza accord like attempt to weaken the USD in a coordinated way. Everyone’s in the same boat now.”

  • 11:31

    USD/JPY now targets the 110.40 region – UOB

    FXStreet reports that FX Strategists at UOB Group believe USD/JPY could be headed to the 110.40 area in the near term.

    24-hour view: “We expected USD to ‘extend its gains’ last Friday but were of the view “108.75 could be out of reach”. USD subsequently rose to 108.67 and closed at 108.45 but has since moved above 108.75 this morning. Rapid improvement in upward momentum suggests further USD gains towards 109.40 from here. The next resistance at 110.00 is likely out of reach. Support is at 108.40 followed by 108.00.”

    Next 1-3 weeks: “We highlighted last Friday (03 Apr, spot at 108.00) that ‘risk of a short-term bottom has increased’. The breach of the 108.75 ‘strong resistance’ level earlier this morning indicates that last Tuesday (01 Apr) low of 106.89 is a short-term bottom. The near-term bias is for USD to test the 110.40 level from here. A clear break of this level would indicate USD could extend towards last month’s top at 111.71. On the downside, only a breach of 107.30 (‘strong support’ level) would indicate that the current upward pressure has eased.”

  • 11:25

    Japan's PM Abe calls for state of emergency declarations for 7 prefectures to stop coronavirus

    • Seven prefectures involved will be Tokyo, Osaka, Chiba, Kanagawa, Hyogo, Saitama and Fukuoka
    • Says emergency will last about a month
    • It will give governors authority to call on people to stay at home and businesses to close, but not to order kind of lockdowns seen in other countries
    • The official declaration will be made as soon as Tuesday
    • Plans to announce stimulus package of around JPY108 trillion to support households and businesses struggling from impact of coronavirus
    • Will spend over JPY6 trillion for payouts to households, firms
  • 11:08

    Kremlin: OPEC+ meeting was postponed due to technical reasons

    • Says preparation for talks are ongoing
    • Moscow is ready for cooperation with other oil exporters to help stabilize oil market
    • Russia's president Putin has no plans so far for talks with Saudi, Trump; has no plans to meet Russian oil producers

  • 10:58

    Australia: RBA to keep the cash rate on hold – TDS

    FXStreet reports that the Reserve Bank of Australia (RBA) is set to announce its Interest rate Decision on Tuesday, 7 April at 04:30 GMT. Economists at TD Securities analyze three possible scenarios and the implications for the AUD/USD pair.

    "We expect the RBA to keep the cash rate on hold at 0.25%. We don't anticipate the RBA to announce any adjustments to policy, but any indication on volume and frequency of purchases will garner attention."

    "Dovish (20% prob): The RBA implies the pace of bond buying could increase. Points to risks of inflation falling sharply lower. AUD/USD at 0.59."

    "Neutral Base Case (60% prob): The RBA had not been able to develop a set of forecasts given the heightened uncertainty and its confidence on the timing of the recovery still remains uncertain. Don't expect the Bank to reveal any information on the pace of bond buying, will assess and monitor. AUD/USD at 0.6050."

    "Hawkish (20% prob): The pace of bond buying is expected to decrease. Global Central bank initiatives have made a difference, and are expected to see further improvements going ahead. The Bank indicates buying longer-dated bonds is NOT on the agenda. AUD/USD at 0.6185."

  • 10:39

    Brent crude could plunge to ‘single-digit lows’ if OPEC+ can’t agree on output cuts - Fitch

    CNBC reports that according to Fitch Solutions forecasts Brent crude futures could plunge to "single-digit lows" if major oil producers fail to reach a deal to cut output at a time when demand has collapsed due to the coronavirus pandemic.

    The Organization of the Petroleum Exporting Countries and its allies are expected to meet on Thursday - a delay from Monday - in an attempt to agree on production cuts. A previous deal by the group - commonly known as OPEC+ - expired in March after Saudi Arabia and Russia failed to reach an agreement. The fallout sent oil prices plummeting to multi-year lows.

    The expiry of the deal means that producers are free to increase output this month, with Saudi Arabia, United Arab Emirates and Russia among those saying that they would do so.

    Analysts from Fitch Solutions said a fall in demand and an increase in supply could result in more than 20 million barrel per day of excess oil. That would put the oil market under "extreme physical pressure," they wrote in the report published before the OPEC+ meeting was postponed.

    "While it is unlikely that nominal storage capacity will be breached, it is possible that the sheer scale of the oversupply will overwhelm global logistics chains, plunging Brent into single-digit lows," the analysts added.

  • 10:20

    Coronavirus: Inflation pushed down – Capital Economics

    FXStreet reports that the most common question received by Neil Shearing from Capital Economics was whether the Coronavirus shock would be inflationary or disinflationary. The answer depends in part on the timeframe under consideration.

    "Over the next month or so, while economies are in lockdown, for many parts of the CPI basket the shock will be neither inflationary or deflationary."

    "If oil levels out at around $25pb, we estimate that the drop in prices will knock around 1.5%-pts off headline inflation in advanced economies by the end of Q2."

    "Over 2020 as a whole, we've pushed down our forecasts for headline inflation in advanced economies from 1.6% to 0.3%, and core inflation down from 1.6% to 1.2%."

  • 10:03

    Eurozone investor confidence fell sharply in April -Sentix

    According to the report from Sentix, the corona virus is holding the world economy in a stranglehold. Never before has the assessment of the current situation collapsed so sharply in all regions of the world within one month. In Euroland, the overall index is falling to an all-time low. The USA is now also in a full downward spiral. The region Asia ex Japan (China) sends the only glimmer of hope: economic expectations there at least signal no deterioration. A quick V-recovery of the economy is not to be expected.

    The economy in Euroland is in a deep recession. The corona crisis and the simultaneous worldwide shutdown is essentially bringing economic activity to a standstill. Never before has the current situation in Euroland (-66.0 points) been assessed so negatively as at the current edge. We also note a negative record of -42.9 points in the overall index. The massive deterioration of the previous month is thus continuing, and the full force of the recession is only much stronger!

    The outline of the current assesment component is unparalleled in the history of sentix: The monthly change of -51.75 points is an absolute record since the beginning of the sentix data collection in 2003. The figures underscore the dramatic economic situation in the euro zone.

    When analysing such breakdowns, not only the rate of change should be taken into account, but also the level at which this change takes place. The disruption takes place from a negative previous value of -14.3 (already recessive) to -66 points. The situation is therefore much worse than in 2009. Economic forecasts to date underestimate the shrinking process. The recession will go much deeper and longer! There is an enormous need for revision in the already reduced forecasts of many institutes.

  • 09:44

    UK construction work declines at the steepest rate since April 2009 - IHS Markit/CIPS

    March data from IHS Markit/CIPS pointed to the fastest downturn in UK construction output for almost eleven years as emergency public health measures to halt the spread of coronavirus 2019 (COVID-19) led to stoppages of work on site and a slump in new orders.

    The headline seasonally adjusted UK Construction Total Activity Index dropped to 39.3 in March from 52.6 in February, to signal the steepest fall in construction output since April 2009. Survey respondents overwhelmingly attributed reduced activity to the impact of the COVID-19 pandemic.

    All three broad categories of construction work recorded a fall in output during March. Civil engineering activity (index at 34.4) saw the steepest rate of decline, followed closely by commercial building work (index at 35.7). Residential activity dropped at a comparatively modest pace in March, with the equivalent index posting 46.6. However, construction companies often commented on an expected slump in house building from stoppages on site amid increasing measures to slow the spread of COVID-19.

    New work received by construction companies fell at a sharp rate in March, with the downturn in order books the fastest recorded by the survey since August 2019. Lower workloads and business closures resulted in a marked reduction in staffing numbers across the construction sector during March. The latest survey indicated the steepest pace of job shedding since September 2010.

    Meanwhile, latest data indicated a slump in business expectations across the UK construction sector. Survey respondents are more pessimistic about the year ahead outlook than at any time since October 2008, which was almost exclusively attributed to the economic impact of the COVID-19 pandemic.

  • 09:30

    Eurozone: Sentix Investor Confidence, April -42.9

  • 09:30

    United Kingdom: PMI Construction, March 39.3 (forecast 44)

  • 09:14

    UK new car registrations fall by 44.4% in March - SMMT

    According to the report from Society of Motor Manufacturers and Traders (SMMT), the UK new car market declined -44.4% in March. In the important plate change month 203,370 fewer cars were registered than in March 2019, as showrooms closed in line with government advice to contain the spread of the coronavirus.

    The performance represented a steeper fall than during the 2009 financial crisis and the worst March since the late nineties when the market changed to the bi-annual plate change system. With lockdowns taking place in many European countries earlier than the UK, even more dramatic falls have been reported elsewhere, with Italy down -85%, France -72% and Spain down -69% in March.

    In total, 254,684 new cars were registered in the month, with demand from private buyers and larger fleets falling by -40.4% and -47.4% respectively. Meanwhile the numbers of petrol and diesel cars joining the road were down -49.9% and 61.9%.

    There was some good news for early adopters, who were able to take delivery of the latest alternatively fuelled cars before the crisis took hold in the UK. Registrations of battery electric vehicles (BEVs) rose almost three-fold in the month to 11,694 units, accounting for 4.6% of the market, while plug-in hybrids (PHEVs) grew 38.0%. Uptake of hybrid electric vehicles (HEVs), however, fell -7.1%.

  • 08:59

    Oil: Scope for higher oil prices in the near-term – Rabobank

    FXStreet reports that an oil supply cut would likely be dependent on non-OPEC participation including the US, which in effect, is happening already given the difficult conditions facing producers, strategists at Rabobank apprise.

    "We see strong support for a global coordinated cut to occur, as in effect, it is already happening."

    "We see scope for higher oil prices in the near-term should a global production deal come to fruition."

    "The speculative interest is largely 'short' at the moment including trend followers, momentum traders, and 'carry' strategies. These 'shorts' are now at risk of giving back a large portion of recent gains should a global supply cut be put in place but much will depend on how quickly the virus-related demand losses begin to recover in the weeks and months ahead."

  • 08:40

    Eurozone construction activity falls at fastest rate for over 11 years - IHS Markit

    According to the report from IHS Markit, measures to limit the spread of the coronavirus disease 2019 (COVID-19) severely impacted the eurozone construction sector in March, with construction activity falling sharply as new orders slumped. The downturn in the sector was accompanied by job shedding. Input purchases plummeted as construction work fell, with firms also facing great difficulty securing inputs due to supply chain disruptions. Delivery times lengthened at a pace not seen in the 20-year survey history. Business expectations turned negative for the first time for nearly four-and-a-half years.

    The Eurozone Construction PMI plunged from 52.5 in February to 33.5 in March, pointing to the steepest decline in construction activity across the currency area since February 2009 during the global financial crisis. The downturn in construction activity was broad based across the eurozone, with Italy recording the sharpest decline. Germany registered the slowest contraction of construction output, albeit still marked overall.

  • 08:19

    President Donald Trump could impose ‘very substantial’ tariffs on oil imports, but doesn’t think he’ll need to do so

    CNBC reports that President Donald Trump on Sunday reiterated his threat to target foreign oil as global producer infighting continues to impact the price of crude, saying he could impose 'very substantial tariffs' to protect the American energy industry but doesn't think he will need to do so.

    "I would use tariffs, if I had to. I don't think I'm going to have to," Trump said at a White House briefing on the coronavirus. Trump on Saturday also signaled a willingness to implement tariffs on foreign oil.

    The president said he thought there would ultimately be an agreement on production levels between Saudi Arabia and Russia.

    Along with a sharp reduction in demand from the coronavirus pandemic, disagreements on production cuts between Saudi Arabia and Russia that began in early March has caused the price of crude oil to fall dramatically. "It's obviously very bad for them," Trump said of low oil prices.

    Last week, Trump told that he was anticipating a production cut of up to 15 million barrels to be announced by the leaders of Russia and Saudi Arabia.

  • 08:00

    Asian session review: the euro strengthened against the US dollar and yen, the pound declined

    Time Country Event Period Previous value Forecast Actual
    00:00 Australia MI Inflation Gauge, m/m March 0.3%
    06:00 Germany Factory Orders s.a. (MoM) February 4.8% -2.4% -1.4%


    During today's Asian trading, the euro rose against the US dollar and the yen, the pound fell on reports of the hospitalization of the country's Prime Minister Boris Johnson, who was previously diagnosed with a coronavirus.

    Johnson, who is being treated for the COVID-19 coronavirus, was taken to hospital on Monday night, British media reported. Johnson is expected to undergo medical tests and tests there.

    The ICE index, which tracks the dollar's performance against six currencies (Euro, Swiss franc, yen, canadian dollar, pound sterling and Swedish Krona), rose 0.05%.

    US President Donald Trump hopes that the US will be able to overcome the spread of COVID-19 in the country soon and not reach the previously predicted 100,000 deaths. "We are beginning to see light at the end of the tunnel and hope that in the near future we will be very proud of the work that we have all done," Trump said during a white house briefing.

    Authorities in New York, the US state most affected by the virus, said on Sunday that for the first time in a week, the death rate fell slightly.

    Meanwhile, James Bullard, the president of the Federal Reserve Bank of St. Louis, said that universal testing for the disease can support the economy in the face of an epidemic. According to him, this will allow people to "interact with each other with more confidence."

    Bullard also noted that it is not necessary to compare the latest data on the American labor market with previous recessions, since the reduction in the number of jobs was the result of the actions of the authorities.

  • 07:51

    British PM Boris Johnson admitted to hospital for tests over ‘persistent’ coronavirus symptoms

  • 07:41

    EUR/USD under pressure, but 1.0635 could be out of reach – UOB

    FXStreet reports that EUR/USD risks further downside, although a move to YTD lows at 1.0635 could be premature for the time being, according to FX Strategists at UOB Group.

    24-hour view: "We highlighted last Friday that EUR 'is likely to weaken to 1.0785' but added, 'the next support at 1.0750 is likely out of reach'. EUR subsequently dropped to 1.0771 before recovering. Downward pressure has eased with the rebound and the risk of a break of 1.0750 remains low. From here, EUR could edge higher towards 1.0860. For today, a move above 1.0900 is unlikely. On the downside, 1.0775 is acting as a strong support ahead of 1.0750."

    Next 1-3 weeks: "The ease by which EUR took out the strong support at 1.0840 came as a surprise (overnight low of 1.0819). The rapid decline and the subsequent weak daily closing in NY (1.0856, -0.96%) suggest there is room for EUR to weaken further in the coming days. At this stage, it is premature to expect EUR to revisit last month's low at 1.0635 (there is a relatively strong support at 1.0700). Meanwhile, EUR is expected to stay under pressure unless it can move above 1.0980 ('strong resistance' level)."

  • 07:28

    Russia, Saudi are 'very, very close' to an oil deal, says Russia's sovereign wealth fund chief

  • 07:20

    Germany's factory orders fell less than forecast in February

    According to the report from Federal Statistical Office (Destatis), in February, the coronavirus pandemic did not yet have any notable impact on new orders in Germany. Price adjusted new orders in manufacturing fell a seasonally and calendar adjusted 1.4% in February 2020 on the previous month. Economists had expected a 2.4% decrease.

    Price-adjusted new orders without major orders in manufacturing increased in February 2020 a seasonally and calendar adjusted 1.1% on the previous month. The data on new orders and turnover do not include the current results of the local units in Rheinland-Pfalz; these figures were estimated.

    Domestic orders increased by 1.7% and foreign orders fell by 3.6% in February 2020 on the previous month. New orders from the euro area went down 5.0%, and new orders from other countries decreased by 2.7% compared with January 2020.

    In February 2020 the manufacturers of intermediate goods saw new orders increase by 0.9% compared with January 2020. The manufacturers of capital goods saw a decrease of 3.4% on the previous month. Regarding consumer goods, new orders rose 1.7%.

    For January 2020, revision of the preliminary outcome resulted in an increase of 4.8% compared with December 2019 (provisional: +5.5%)..

  • 07:05

    Coronavirus: Singapore quarantines nearly 20,000 workers, South Korea reports fewer than 50 new cases

    • CNBC reports that Singapore's health ministry said that around 19,800 foreign resident workers housed in two dormitories have been placed under a 14-day quarantine due to the growing number of confirmed infection cases from those places.

    • Apple will produce 1 million face shields per week for medical workers, CEO Tim Cook said.

    • At least 69,309 people worldwide have died from coronavirus-related complications, according to the latest numbers from Johns Hopkins University.

    • South Korea reported 47 new cases of infection, one of the lowest daily reported numbers for the country since late February when the outbreak spread exponentially.


    • Global cases: More than 1.27 million

    • Global deaths: At least 69,300

    • Most cases reported: United States (337,072), Spain (131,646), Italy (128,948), Germany (100,123), and France (93,773)

  • 07:00

    Germany: Factory Orders s.a. (MoM), February -1.4% (forecast -2.4%)

  • 05:42

    Options levels on monday, April 6, 2020

    EUR/USD

    Resistance levels (open interest**, contracts)

    $1.1028 (659)

    $1.0997 (576)

    $1.0970 (223)

    Price at time of writing this review: $1.0811

    Support levels (open interest**, contracts):

    $1.0714 (1730)

    $1.0687 (1679)

    $1.0656 (1454)


    Comments:

    - Overall open interest on the CALL options and PUT options with the expiration date May, 8 is 60268 contracts (according to data from April, 2) with the maximum number of contracts with strike price $1,0600 (2971);


    GBP/USD

    Resistance levels (open interest**, contracts)

    $1.2555 (203)

    $1.2504 (285)

    $1.2463 (129)

    Price at time of writing this review: $1.2219

    Support levels (open interest**, contracts):

    $1.2127 (570)

    $1.2078 (400)

    $1.2019 (292)


    Comments:

    - Overall open interest on the CALL options with the expiration date May, 8 is 11318 contracts, with the maximum number of contracts with strike price $1,3550 (780);

    - Overall open interest on the PUT options with the expiration date May, 8 is 12969 contracts, with the maximum number of contracts with strike price $1,2850 (1073);

    - The ratio of PUT/CALL was 1.15 versus 1.15 from the previous trading day according to data from April, 2

    * - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

    ** - Open interest takes into account the total number of option contracts that are open at the moment.

  • 03:30

    Commodities. Daily history for Friday, April 3, 2020

    Raw materials Closed Change, %
    Brent 33.22 18.77
    WTI 27.56 15.85
    Silver 14.34 -0.76
    Gold 1615.007 0.2
    Palladium 2147.62 -2.79
  • 01:30

    Stocks. Daily history for Friday, April 3, 2020

    Index Change, points Closed Change, %
    NIKKEI 225 1.47 17820.19 0.01
    Hang Seng -43.95 23236.11 -0.19
    KOSPI 0.58 1725.44 0.03
    ASX 200 -86.8 5067.5 -1.68
    FTSE 100 -64.72 5415.5 -1.18
    DAX -45.05 9525.77 -0.47
    CAC 40 -66.38 4154.58 -1.57
    Dow Jones -360.91 21052.53 -1.69
    S&P 500 -38.25 2488.65 -1.51
    NASDAQ Composite -114.23 7373.08 -1.53
  • 01:30

    Schedule for today, Monday, April 6, 2020

    Time Country Event Period Previous value Forecast
    00:00 Australia MI Inflation Gauge, m/m March 0.3%
    01:30 Australia ANZ Job Advertisements (MoM) March 0.7% -2.9%
    06:00 Germany Factory Orders s.a. (MoM) February 5.5% -2.4%
    08:30 Eurozone Sentix Investor Confidence April -17.1
    08:30 United Kingdom PMI Construction March 52.6 44
    14:30 Canada Bank of Canada Business Outlook Survey
    22:00 New Zealand NZIER Business Confidence Quarter I -21%
    22:30 Australia AIG Services Index March 47.0
    23:30 Japan Labor Cash Earnings, YoY February 1.5% 2.1%
    23:30 Japan Household spending Y/Y February -3.9% -3.9%
  • 01:15

    Currencies. Daily history for Friday, April 3, 2020

    Pare Closed Change, %
    AUDUSD 0.5993 -1.06
    EURJPY 117.262 0.18
    EURUSD 1.08114 -0.37
    GBPJPY 133.058 -0.48
    GBPUSD 1.22681 -1.01
    NZDUSD 0.58569 -0.94
    USDCAD 1.42012 0.53
    USDCHF 0.97615 0.38
    USDJPY 108.452 0.58
6 abril 2020
O foco de mercado
Cotações
Símbolo Bid Ask Horário
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD
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