- Macron, Merkel Back EU Bond To Raise EUR500 Bln For Recovery Fund
- IMF Chief Warns Full Global Economic Recovery Unlikely In 2021
- US Health Sec. Azar Blames Deaths On WHO In Fiery Speech
- On Negative Rates, Tenreyro Says BoE Has Not Ruled Out Any Policy
- UK-US Trade Negotiations Set For Advanced Talks In June
- Ford, GM And Fiat Chrysler Restart US Factories
- Uber Cuts 3,000 More Jobs, Shuts 45 Offices In Coronavirus Crunch
- Amazon's French Warehouses To Reopen With 30% Staff
- Delta To Resume Flying Several Major Routes In June
- Softbank In Talks To Sell T-Mobile Shares To Deutsche Telekom

German Investor optimism about the near future is expected to increase incrementally as Europe’s largest economy continues to loosen its pandemic lockdown, but opinions about the present environment will likely remain near their lowest level in a decade.
An economists’ poll forecasts the forward-looking ZEW’s economic sentiment index at 33.5, a slight increase from the April’s 28.2 reading. Last month’s number was the highest since mid-2015 but followed March’s dismal -49.5 result, the worst showing since December 2011.
The current situation index for May is expected to rise slightly to -87.8 from last month’s -91.5, the lowest reading since May 2009.
In early Monday trading, the Dax 30 index of German blue-chip stocks was still more than 20pct below the post-lockdown high set in late April.
And the US Federal Reserve warned Friday that markets aren’t out of the woods yet. “Asset prices remain vulnerable to significant price declines should the pandemic take an unexpected course,” it said in a statement. (LiveSquawk – Continue Reading)
European Union lawmakers signalled their initial support on Monday for equal capital treatment of euro-denominated government bonds regardless of where they are issued in the bloc.
Non-euro zone EU states like the Czech Republic, Hungary, Poland and Bulgaria want to temporarily revive a rule that allows for the same capital treatment of euro-denominated sovereign debt issued by a single currency area member or by an EU state that has a different national currency.
With COVID-19 ushering in recessions across the EU, non-euro zone countries are worried they would face higher capital charges on issuing bonds in euros to cover potential risks from two currencies being involved. (Reuters – Continue Reading)
- IMF Chief Warns Full Global Economic Recovery Unlikely In 2021 – RTRS
- Fed's Bostic: A Number Of The Job Losses Going To Be Temporary – ForexLive
- US Health Sec. Azar Blames Deaths On WHO In Fiery Speech To World Health Assembly – Forbes
- WH Spox: Chinas $2 Bln Pledge To WHO A Token Distraction – ForexLive
- US House Panel Leader Links State Dept. IG Firing To Saudi Arms Sale – RTRS
- Macron And Merkel Back EU Bond To Raise EUR500 Bln For COVID-19 Recovery Plan – Euronews
- EU’s von der Leyen Welcomes Franco-German Recovery Fund Proposal
- ECB's de Cos: COVID-19 Impact To Be Prolonged – TeleTrader
- UK-US Trade Negotiations Set For Advanced Talks In June – City AM
- On Negative Rates, Tenreyro Says BoE Has Not Ruled Out Any Policy – RTRS
- Bundesbank Sees Early Signs Of Recovery In German Economy – FT
- WHO Oversight Body Backs Pandemic Review, Suggests Reforms – RTRS
- Treasury Yields Jump On Coronavirus Vaccine Optimism – CNBC
- Italian Bond Yields Tumble On Franco-German Recovery Fund Proposal – RTRS
- USD/JPY Climbs To 107.50 Area Despite Broad USD Weakness – FXStreet
- EUR/USD Surges Towards 1.09 On EU Reconstruction Plans, Risk-On – FXStreet
- GBP/USD Jumps To 1.22 Amid Upbeat Market Mood – FXStreet
- Oil Retreats From Earlier 12% Gain As June Futures Contract Nears Expiration – CNBC
- Gold Futures End With Loss As Prospects For COVID-19 Vaccine Boost Stock Market – MarketWatch
- WH Economic Advisor Kudlow: Seeing Evidence Gasoline Demand Is Higher – Yahoo
- Dow Rallies 900 Points As Wall Street Cheers Potential Coronavirus Vaccine – CNBC
- European Markets Close 4% Higher As Lockdown Lifting Continues – CNBC
- Ford, GM And Fiat Chrysler Restart US Factories – CNN
- Uber Cuts 3,000 More Jobs, Shuts 45 Offices In Coronavirus Crunch - WSJ
- Amazon's French Warehouses To Reopen With 30% Staff – RTRS
- Delta To Resume Flying Several Major Routes In June – RTRS
- EU Demands Tech Giants Hand Over Data On Virus Disinformation – FT
- Nissan Plan Scaling Back In Europe, To Focus On SUVs And Commercial Vehicles – RTRS
- Softbank In Talks To Sell T-Mobile Shares To Deutsche Telekom – WSJ
- Thyssenkrupp Pools Businesses To Be Sold Or Shut Down – RTRS
- High Street Lender Lloyds Faces Investor Backlash Over Bosses' Pay – Sky
- Moody's Changes Marathon Oil's Rating Outlook To Negative