Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Two suspected cases of the new COVID-19 variant have been reportedly detected in Belgium

Posted: 26 Nov 2021 04:28 AM PST

That would make Belgium the first European country to detect the strain According to The Telegraph . As mentioned earlier, as much as the EU says it would want to shore up border controls to prevent the latest virus variant from entering, little do they know that it has already been spreading in the region.

ForexLive European FX news wrap: New COVID-19 variant sparks flight to safety

Posted: 26 Nov 2021 04:23 AM PST

Forex news from the European trading session - 26 November 2021 Headlines: Markets: - JPY leads, CAD lags on the day - European equities sharply lower; S&P 500 futures down 1.7%

EU wants to consider suspending travel links with countries where new COVID-19 variant has been identified

Posted: 26 Nov 2021 03:24 AM PST

EU says it will take all measures to prevent the variant from entering Europe Well, like all the other variants, little do they (or all of us in fact) know is that it has already been spreading across the region and continent perhaps.

WHO: At this point, implementing travel measures against new COVID-19 variant is being cautioned against

Posted: 26 Nov 2021 03:01 AM PST

Remarks by a WHO spokesperson - WHO recommends that countries apply a risk-based and scientific approach when implementing travel measures - WHO will share further guidance for governments on action they can take after the meeting later today A bit of a typical answer from the WHO (always behind the curve) but we'll see what their "experts" decide

Evergrande founder offloads roughly 9% stake for $344 million amid debt crisis

Posted: 26 Nov 2021 02:25 AM PST

Evergrande chairman, Hui Ka Yan, dipping into his own pocket to try and save the debt-stricken firm According to filings by the HKSE, Hui sold 1.2 billion shares in the company at an average price of HK$2.23 each yesterday - totaling to roughly $344 million - as he tries to follow word from local authorities to

Germany readies air force to transfer COVID-19 patients as some hospitals overwhelmed

Posted: 26 Nov 2021 02:06 AM PST

Not a good sign of things on the ground in Germany It is being reported by Reuters that the air force will transport severely ill COVID-19 patients from the southern town of Memmingen to Muenster near Osnabrueck in the north, using planes fitted with up to six ICU beds as medical capacity is overwhelmed.

German health minister says state leaders to convene next week to address COVID-19 situation

Posted: 26 Nov 2021 01:12 AM PST

Spahn labels the virus situation as 'dramatic', calls for the public to take it seriously as the message has not reached everyone in the country With fresh fears involving the new COVID-19 variant from South Africa, it will only add to the headache for European authorities at the moment.

Eurozone October M3 money supply +7.7% vs +7.4% y/y expected

Posted: 26 Nov 2021 01:00 AM PST

Latest data released by the ECB - 26 November 2021

European equities sink further in opening hour of trade

Posted: 26 Nov 2021 12:42 AM PST

It's looking really ugly out there Yowza. Talk about Black Friday. What a bloodbath. The declines are rather widespread with oil and gas, banking, and more pertinently travel and leisure stocks being the hardest hit amid growing fears of the new COVID-19 variant.

WHO to hold midday conference to analyse new COVID-19 variant B.1.1.529

Posted: 26 Nov 2021 12:31 AM PST

WHO says that will evaluate whether it will be a "variant of interest" or a "variant of concern" Adding that so far there are nearly 100 sequences of the variant reported and early analysis shows that it has "a large number of mutations" requiring further study.

Italy, Germany to ban entry from South Africa amid fears surrounding new COVID-19 variant

Posted: 26 Nov 2021 12:12 AM PST

Fear continues to reverberate across the globe Italy says that it will impose an entry ban on people who have visited a group of southern African states (namely South African, Lesotho, Botswana, Zimbabwe, Mozambique, Namibia and Eswatini) in the last 14 days due to the new COVID-19 variant.

European equities hit hard at the open on new COVID-19 variant fears

Posted: 26 Nov 2021 12:08 AM PST

A bloodbath at the open Of note, the oil and gas sector is down over 4% and the banking index is down by close to 5%, with travel and leisure the worst hit sector - falling by nearly 6% to a fresh 10-month low as we get things underway.

Switzerland Q3 GDP +1.7% vs +2.0% q/q expected

Posted: 26 Nov 2021 12:00 AM PST

Latest data released by the Federal Statistics Office - 26 November 2021 "By the summer, most of the public health restrictions had been either lifted or considerably relaxed. Thus, the strongest growth in the third quarter appeared in sectors that had been most affected by the precautionary measures. Overall, GDP was more than 1% higher in

France November consumer confidence 99 vs 98 expected

Posted: 25 Nov 2021 11:45 PM PST

Latest data released by INSEE - 26 November 2021

EU to propose to activate emergency brake to stop air travel from southern African region

Posted: 25 Nov 2021 11:30 PM PST

EU president, Ursula von der Leyen, remarks Her tweet: The @EU_Commission will propose, in close coordination with Member States, to activate the emergency brake to stop air travel from the southern African region due to the variant of concern B.1.1.529 This adds to the growing list of countries across the globe that are halting arrivals from South Africa

Eurostoxx futures -2.4% in early European trading

Posted: 25 Nov 2021 11:04 PM PST

A sour look in early trades - German DAX futures -2.2% - UK FTSE futures -2.3% - Spanish IBEX futures -2.3% It's been a while since we got a day like this but the latest COVID-19 variant fears are engulfing markets ahead of the European session.

Germany October import price index +3.8% vs +2.1% m/m expected

Posted: 25 Nov 2021 11:00 PM PST

Latest data released by Destatis - 26 November 2021 The annual change noted above is the highest since January 1980.

Trade ideas thread - European session 26 November 2021

Posted: 25 Nov 2021 10:22 PM PST

Daily thread to exchange ideas and to share your thoughts US stocks and bonds will be up for trading later but it will only be a half-day and given that it is Thanksgiving, most traders would already be away through to next week.

Singapore to restrict arrivals from South Africa, nearby countries on new COVID-19 variant

Posted: 25 Nov 2021 10:09 PM PST

More countries are taking added precaution on the 'Nu' variant The question then becomes how serious of a threat is this latest variant? Only time will tell.

Japan reportedly to tighten borders for South Africa, five other nations on new COVID-19 variant

Posted: 25 Nov 2021 09:54 PM PST

Jiji News reports on the matter It is reported that the Japanese government has decided on Friday to adopt stricter border controls for visitors from South Africa and five other African countries after the discovery of the 'Nu' variant - which may be widespread across the region.

Japan PM Kishida: Government to lay groundwork to enable higher wage hikes by firms

Posted: 25 Nov 2021 09:16 PM PST

Japan prime minister, Fumio Kishida, remarks on wage pressures Japan typically has a period every year (called shuntō) where wage negotiations take place between unions and employers, usually around February and March, but it has been a while since anything meaningful has taken place.

Economic data coming up in the European session

Posted: 25 Nov 2021 09:11 PM PST

A light one on the data docket Well, the Thanksgiving holiday period is certainly not looking to be a quiet one as risk trades are slammed with bond yields in particular leading the way down.

ForexLive Asia-Pacific news wrap: Covid variant strikes fear into the market

Posted: 25 Nov 2021 09:03 PM PST

Forex news for Asia-Pacific trading on November 26, 2021: Markets: At the start of the session I this: That certainly turned out to be true. When the bond market woke up with yields down around 4 bps across the curve, the FX market and others did as well.

Video: What's next for the US dollar, euro, yen, gold and central bank tightening

Posted: 25 Nov 2021 08:33 PM PST

I speak with Ashraf Laidi from Intermarket Strategy Earlier today, I had a wide-ranging conversation with my old friend Ashraf Laidi about the opportunities in markets right now.

US 2-year yields on track for largest fall since March 2020

Posted: 25 Nov 2021 08:19 PM PST

Just when the coast started to look clear It's certainly not the worst day since March 2020 but in terms of basis points, a 6.5 drop in 2s would be the largest negative move since the earliest days of the pandemic.
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)