Daily Archives: July 6, 2020

Americas

Rising coronavirus cases in 39 U.S. states cast shadow over July 4 celebrations – Reutershttps://t.co/bJ9ThhB9np

— Christophe Barraud (@C_Barraud) July 5, 2020

Coronavirus on track to overwhelm Houston hospitals in two weeks, mayor says https://t.co/r02HpHksoV

— CNBC (@CNBC) July 5, 2020

House passes $10 billion in funding for child-care facilities to improve safety amid pandemic. (via @CNBCMakeIt) https://t.co/ecYlx2W2cn

— CNBC (@CNBC) July 5, 2020

Asia

A front-page editorial in the CSJ on Monday said that #China’s multiple reforms and increased foreign capital have paved the way for a healthy bull market.
*Link (Chinese): https://t.co/doZvGyEEEP
*Chart from Bloomberg ⬇ pic.twitter.com/tYFZWHh1JU

— Christophe Barraud (@C_Barraud) July 6, 2020

#Australia closes state border for first time in 100 years to halt #coronavirus – Reutershttps://t.co/cAPk41yXcW

— Christophe Barraud (@C_Barraud) July 6, 2020

Yonhap News also reported on July 5 that government will invest more than 100t won in “Korean New Deal” for 5 years and spending will be focused on data industry, non-contact medical services and eco-friendly public facilities.
*Link (Korean): https://t.co/TfzoCqenA8

— Christophe Barraud (@C_Barraud) July 6, 2020

#China Is Unlikely to Meet Purchase Targets for U.S. #Energy – WSJ
*As a reminder: https://t.co/9Hdmtavasehttps://t.co/XZXaVuxA3E

— Christophe Barraud (@C_Barraud) July 6, 2020

Europe

September Is Key Date for #Brexit Progress, Finance Lobby Says – Bloomberghttps://t.co/0ypH5UyPnB

— Christophe Barraud (@C_Barraud) July 6, 2020

Finance ministry pledges funding to triple number of UK traineeships https://t.co/Gc108Ysg9b pic.twitter.com/4r5bGiNr77

— Reuters Business (@ReutersBiz) July 5, 2020

Summary Key Macro Events

and the resume face-to-face Brexit negotiations (Monday)

ISM non-manufacturing (Tuesday)

Sunak speech (Wednesday)

meeting (Wednesday)

Eurogroup (Thursday)


 

What’s Coming Up in the World Economy – Bloomberghttps://t.co/FysR1z1UdG

— Christophe Barraud (@C_Barraud) July 5, 2020

Sunak speech, Mexico-US visit, Brexit talks https://t.co/n9e9ByC2TL

— FT Economics (@fteconomics) July 5, 2020

Service-sector, unemployment and inflation measures highlight a relatively quiet week for official economic data https://t.co/bU3WuXdOWw

— The Wall Street Journal (@WSJ) July 5, 2020

Week Ahead: Economic reopening continues By @craig_forex https://t.co/3Axp6AvS3W #Markets #Majors #Oil #Gold #EconomicIndicator

— FXStreet Reports (@FXstreetReports) July 5, 2020

The ratio between the #SPX Consumer discretionary gauge and the Consumer Staples Index rose to a record on June 23 and again on Wednesday, according to data compiled by Bloomberg. #Amazon is the discretionary index’s most heavily weighted company, at 43%. pic.twitter.com/YulE1BcIMe

— Christophe Barraud (@C_Barraud) July 6, 2020

A front-page editorial in the CSJ on Monday said that #China’s multiple reforms and increased foreign capital have paved the way for a healthy bull market.
*Link (Chinese): https://t.co/doZvGyEEEP
*Chart from Bloomberg ⬇ pic.twitter.com/tYFZWHh1JU

— Christophe Barraud (@C_Barraud) July 6, 2020

China $SHCOMP daily RSI hit 88 today, one of the highest of all time.

In the 30 years of this index, extreme momentum was very rare – associated with the early stages of massive rallies.

Looks like the summer could get hot. pic.twitter.com/TL7zvEVTdA

— Macro Charts (@MacroCharts) July 6, 2020

'Overvaluation of the U.S. high-yield bond market, based on the factors that ordinarily drive its risk premium, is literally off the chart these days.' https://t.co/ggE9dmAKfU pic.twitter.com/rj3bbZYTcF

— Jesse Felder (@jessefelder) July 6, 2020

Copper bounce is driven more by supply tightness than demand improvement.

As I mentioned here: https://t.co/ukM4gLPi7O pic.twitter.com/ECxeIgoDOh

— Daniel Lacalle (@dlacalle_IA) July 6, 2020