Yang FX & Stocks

DAX futures contract in Germany traded 0.5% lower, the FTSE 100 futures contract in the U.K. fell 0.4%, while CAC 40 futures in France dropped 0.4%.China reported 3.2% growth in its second quarter GDP YoY. Covid-19 virus continues to work its way through the global population, with the summer tourism season in Europe generating pockets of high-risk gatherings.Novartis (SIX:NOVN)will be in focus after the Swiss pharma giant said it will offer medicines on a zero-profit basis to financially-strained countries.Ladbrokes (LON:LCL) owner GVC tumbled after it said its long-time chief executive officer would step down. Personal goods firms (FTNMX3760), miners (FTNMX1770) and homebuilders (FTNMX3720) were among the biggest decliners in early trading.Recruiter Hays (L:HAYS) slipped 2.6% to the bottom of the FTSE 250 as it warned of lower annual profit amid a slump in fee income.U.S. crude futures traded 0.8% lower at $40.86 a barrel, while the international benchmark Brent contract fell 0.7% to $43.40. Gold futures fell 0.2% to $1,810.65/oz.GBP/USD has been on the back foot as weaker parts of economic indicators take priority. US Retail Sales, BoE speculation and coronavirus figures are of interest. Support awaits at 1.2535, which is where the 200 SMA hits the price.EUR/USD is managing well to keep business around the 1.14 neighbourhood despite posting small losses so far in the second half of the week.The dollar index is trading at the 96 level however it is expected to weaken about 2% to 94.1 by the second quarter of next year according to Bloomberg. Goldman Sachs expected a weak dollar too in a report this week.

DAX futures traded 0.3% higher, the FTSE 100 futures rose 0.2%, while CAC 40 futures climbed 0.1%.Ericsson (ST:ERICb) will be in focus Friday after maintaining its full-year guidance. Saab (ST:SAABb) also stated that second-quarter net profit rose 20%, as sales exceeded expectations and orders increased sharply.U.S. crude futures traded 0.2% lower at $40.67 a barrel, while the Brent contract fell 0.3% to $43.27. Gold futures were largely flat at $1,800/oz.GBP/USD escalates the recovery moves to 1.2570, up 0.15% on a day, while heading into the London open on Friday. EUR/USD is showing no changes on the day as trades at 1.1384.The U.S. Dollar Index was up 0.01% to 96.278.

DAX futures contract in Germany traded 0.7% lower. CAC 40 futures in France were down 0.7%, while the FTSE 100 futures contract in the U.K.fell 0.7%.German industrial production data, which rose by 7.8% in May, a sharp rebound from the drop of 17.5% in April, but slightly less than forecast. Eni joined larger rivals Shell (LON:RDSa) and BP (NYSE:BP) in flagging asset impairments of around 3.5 billion euros ($3.96 billion) due to a lower outlook for energy prices, while French food-services and facilities company Sodexo (PA:EXHO) said revenue for its third quarter of fiscal 2020 dropped 30% due to the pandemic.U.S. ISM non-manufacturing index, all the way to 57.1, was the latest in a string of June economic releases that offered hope that a meaningful global economic recovery was in progress.U.S. crude futures traded 1.4% lower at $40.05 a barrel. The international benchmark Brent contract fell 1.4% to $42.52, gold futures rose 0.1% to $1,794.45/oz.GBP/USD recovers from 1.2490 as US dollar fades upside momentum.EUR/USD is now trading below the 1.13 level after having failed at the 1.1350 resistance for a third time. The dollar index, was up 0.2% at 96.896.

DAX futures contract in Germany traded 1.4% higher. CAC 40 futures in France were up 1.9%, while the FTSE 100 futures contract in the U.K. rose 1%.Swiss manufacturer Geberit (SIX:GEBN)said Monday that its sales fell 9.8% in the first half of the year due to the impact of the coronavirus pandemic.German factory orders continued the recent data trend of suggesting a recovery, jumping 10.4% in May. U.S. crude futures traded 0.2% lower at $40.58 a barrel. The international benchmark Brent contract rose 0.9% to $43.19. Gold futures fell 0.4% to $1,782.95/oz.GBP/USD extends Friday’s recovery gains from 1.2438 amid broad US dollar weakness to 1.2496 as registers 0.13% gains.EUR/USD climbs to fresh 2-day tops near the 1.1300 mark; Dollar Index down.

Monday: DAX futures contract in Germany..