Yang FX & Stocks

DAX in Germany traded 1.6% higher, France's CAC 40 rose 1.3%, the U.K.'s FTSE index was up 0.8%.AB Foods (LON:ABF) stock rose 7.6% Meggitt (LON:MGGT) stock climbed 6.7%Engie (PA:ENGIE) stock rose 2.6% Euro zone is expected to show a rise in the unemployment rate to 7.7% from 7.3% in April.U.S. crude futures traded 1.2% higher at $40.30 a barrel. The international benchmark Brent contract rose 1.3% to $42.58. Gold futures were largely flat at $1,780.25/oz.GBP/USD has just emerged above 1.25, up 0.25% on a dayEUR/USD picks up pace and approaches 1.1300Dollar on the defensive in early European trade Thursday

RYANAIR: Ryanair (RYA.I) expects to fly more than 4.5 million passengers in July. "Black Swan" reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd's of London SOLYD.UL said.Royal Dutch Shell (RDSa.L) said on Tuesday it has agreed to buy renewable gas, known as biomethane, from Denmark's Nature Energy, in what the smaller company termed the largest deal of its kind. SSP: British travel food group SSP (SSPG.L) will cut up to 5,000 jobs. DAX futures contract in Germany traded 0.4% lower. France's CAC 40 futures were down 0.1%, while the FTSE 100 futures contract in the U.K. fell 0.4%.GBP/USD: Positive comments from Barnier unable to demolish the 1.24 barrier – OCBC BankEUR/USD: Hardy double-bottom at 1.1190 provides support

DAX futures contract in Germany traded 0.2% lower, FTSE 100 futures contract in the U.K. fell 0.1%, while CAC 40 futures in France dropped 0.4%.In corporate news, Koninklijke Philips (AS:PHG) will be in focus after the Dutch medical-technology company said Monday that net profit exceeded expectations.Intesa Sanpaolo (MI:ISP) has increased its takeover offer for smaller rival Unione di Banche Italiane (MI:UBI)U.S. crude futures traded 0.6% lower at $40.49 a barrel, while the international benchmark Brent contract fell 0.7% to $42.84. Gold futures were flat at $1,810/ozGBP/USD drops to 1.2520, down 0.37% on a day while heading into the London open on Monday.EUR/USD has started the week on a positive foot and is lifting to the 1.1465/70 band, new three-month peaksDollar Index was flat at 95.925, near the four-month low it posted last week, while USD/JPY was up 0.3% at 107.27.

DAX futures contract in Germany traded 0.2% higher. CAC 40 futures in France were up 0.8%, while the FTSE 100 futures contract in the U.K. rose 0.6%.U.S. crude futures traded 0.3% lower at $40.77 a barrel. The international benchmark Brent contract fell 0.2% to $43.20. Gold futures rose 0.1% to $1,822.65/oz.GBP/ USD refreshes three-week high while extending the latest pullback from 1.2600 as the cable is trading around 1.2645, up 0.27% on a day.EUR/USD pair is gaining 0.23% at 1.1355 though Thursday's 4-hour chart is pointing to; USD/CNY pair slid 0.2% to 6.9878.

DAX in Germany traded 0.3% lower, France's CAC 40 fell 0.5%, the U.K.'s FTSE index was down 0.2%. HSBC (LON:HSBA) stock dropped 3.4%, Boohoo (LON:BOOH), Electrolux (ST:ELUXb) stock climbed 5.4% U.S. crude futures traded 0.1% lower at $40.58 a barrel. The international benchmark Brent contract fell 0.1% to $43.05.gold futures fell 0.2% to $1,806.65/oz.French economy, the euro zone's second biggest, is set to rebound 19% in the third quarter and a further 3% in the fourth quarter.GBP/USD holds up around 1.2550 ahead of Sunak's speech, Brexit Optimism, EUR/USD capped under 1.13 as Lagarde hints at inaction, Dollar Index Up.

DAX futures contract in Germany traded 0.5% higher, the FTSE 100 futures contract in the U.K. up 0.2%, and CAC 40 futures in France up 0.4%.Economic data will center around the final PMI services indices for the euro zone.HSBC (LON:HSBA) could be in the spotlight after pledging to boost investments in China even after Beijing launched sweeping new security legislation to crack down on Hong Kong.Fiat Chrysler and Peugeot (OTC:PUGOY) are looking at ways to reduce the planned special dividend that was due to be paid to FCA shareholders ahead of their merger.U.S. crude futures traded 0.9% lower at $40.27 a barrel. The international benchmark Brent contract fell 1% to $42.72. Gold futures fell 0.3% to $1,784.85/oz.GBP/USD drops 0.13% to 1.2453, having hit a daily low of 1.2438.EUR/USD: Base at the 1.12 level suggests another leg higher – OCBCThe dollar index was down 0.1% at 97.203, while USD/JPY was flat at 107.50.

DAX futures contract in Germany traded 0.3% higher, while the FTSE 100 futures contract in the U.K. fell 1%. France - on holiday.Pfizer (NYSE:PFE) and BioNTech are working on four drugs that they are hoping will go on to be coronavirus vaccines.The usual suspects - Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), Facebook (NASDAQ:FB) and Google’s parent, Alphabet (NASDAQ:GOOGL) – all set all-time highs, but finished lower.Swatch Group (SIX:UHR): a loss during the first half of the year due to the closure of most of its stores during the coronavirus pandemic. U.K. online food retailer Ocado (LON:OCDO) meanwhile reported 27% growth in revenue and a narrower pretax loss in its first-half report.U.S. crude futures traded 2% lower at $39.29 a barrel, while the international benchmark Brent contract fell 1.4% to $42.14. Gold futures fell 0.7% to $1,801.75/oz.GBP/USD has retreated from the 1.2650 level to 1.2500 level. EUR/USD targets the June and July highs at 1.1374/1.1422 – Commerzbank. The dollar index was up 0.2% at 96.547. USD/JPY was up 0.1% at 107.31.

DAX futures contract in Germany traded 1.1% higher. CAC 40 futures in France were up 1.4%, while the FTSE 100 futures contract in the U.K. rose 0.6%.Credit Suisse (SIX:CSGN) could cut "hundreds" of jobs as part of a new savings program, the Swiss newspaper SonntagsZeitung reported Monday.U.S. crude futures traded 0.6% lower at $40.30 a barrel, while the international benchmark Brent contract fell 0.5% to $43.02. Gold futures rose 0.5% to $1,810.90/ozGBP/USD takes the bids near 1.2655, up 0.27% on a day. EUR/USD is fast closing on the 200-week simple moving average (SMA) hurdle at 1.1333 The dollar index slipped 0.2% in early Monday trade to 96.452.

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DAX futures contract in Germany traded 0.7% higher, the FTSE 100 futures contract in the U.K. rose 1%, while CAC 40 futures in France gained 1.1%.Moderna 's (NASDAQ:MRNA) experimental Covid-19 vaccine was declared safe and generated “robust” immune responses in all 45 volunteers taking part in the study, according to early-stage human trial results published in the New England Journal of Medicine on Tuesday.Svenska Handelsbanken (ST:SHBa) posted a 6.1% drop in second-quarter net profitBurberry (LON:BRBY) said it expects sales for the six months through September to be down around 15%-20% from a year earlierTomTom (AS:TOM2) posted a net loss for the second quarter of 2020U.S. crude futures traded 0.5% higher at $40.48 a barrel, while the international benchmark Brent contract rose 0.3% to $43.03. Gold futures fell 0.2% to $1,809.10/ozThe GBP/USD pair maintained its bid tone near session tops, around the 1.2580 region and moved little post-UK inflation figures.EUR/USD has backed off from one-month high at 1.1422 reached during the early Wednesday.The dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 96.093.