EURO, SWISS FRANC, CORONAVIRUS, EUR/CHF OUTLOOK – TALKING POINTSEuro could fall if Eurozone confidence knowledge underwhelmsSprea
EURO, SWISS FRANC, CORONAVIRUS, EUR/CHF OUTLOOK – TALKING POINTS
- Euro could fall if Eurozone confidence knowledge underwhelms
- Spreading coronavirus is undermining regional restoration
- EUR/CHF losses could proceed because it flirts with resistance
ASIA-PACIFIC RECAP: COVID-19 HAUNTS EQUITIES
APAC equities continued to expertise market-wide pandemonium as worry concerning the coronavirus continued to undermine bullish sentiment. This adopted one other bloody day on Wall Street after the S&P 500 suffered one other aggressive selloff and declined virtually one p.c because it trades at three-month lows. This got here as spreads on credit score default swaps for sub-investment grade company debt in Europe surged to six-month highs.
At the beginning of Asia’s Thursday buying and selling session, US President Donald Trump held a press convention concerning the coronavirus however didn’t calm market angst. The Commander in Chief introduced VP Mike Pence could be taking cost of dealing with COVID-19 and introduced that he’s contemplating reducing off different nations from coming into the US. The economic ramifications of such a policy could further derail the global recovery.
EURO MAY FALL ON EUROZONE CONFIDENCE DATA
Eurozone financial confidence knowledge for February is predicted to stay unchanged at 102.eight with its industrial equal anticipated to indicate a -7.2 studying. Nonetheless, the rising variety of…