JAPANESE YEN, CORONAVIRUS, APPLE, WALMART – TALKING POINTS:Yen leads anti-risk currencies greater as shares fall on Apple warning
JAPANESE YEN, CORONAVIRUS, APPLE, WALMART – TALKING POINTS:
- Yen leads anti-risk currencies greater as shares fall on Apple warning
- Walmart earnings in focus as markets gauge coronavirus headwinds
- UK labor market figures, German ZEW survey headline information docket
The most important currencies echoed broader turmoil throughout monetary markets after Apple Inc said that it would miss its quarterly revenue forecast courtesy of disruptions from the Wuhan-strain coronavirus outbreak. The cycle-sensitive Australian and New Zealand {Dollars} tracked regional shares decrease whereas the anti-risk Japanese Yen, Swiss Franc and US Dollar outperformed.
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Futures monitoring key European and US inventory index benchmarks are pointing sharply decrease earlier than the opening bell in London and New York, suggesting extra of the identical is on the horizon. The fourth-quarter earnings report from retail powerhouse Walmart Inc. Lots of its suppliers are China-based, so the steerage on provide may provide market-moving perception into the virus’ affect on total financial exercise.
UK labor market information is first in concentrate on the European information docket. Main surveys counsel the general image noticed modest enchancment in January. Moreover, UK information outcomes have notably firmed relative to baseline forecasts lately, suggesting analysts’ fashions could also be…