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COVID-19 Treatment Matters Outweigh Geopolitical Risk

MARKET TALK

The major G10 FX pairs sit little changed at the start of a new trading week.

  • Further afield e-minis track higher, with the S&P 500 contract registering fresh all-time high since the re-open, but lacking any real traction above the 3,400 level. The space is seemingly happy to look at the questionable positives surrounding U.S. President Trump's latest manoeuvring re: COVID-19 treatment (see earlier bullet), alongside developments surrounding similar matters vin China (weekend reports that China granted approval for the emergency use of a COVID-19 vaccine for "special groups" that include medical workers and border-check officials in the month of July), looking through the continued Sino-U.S. tension.
  • T-Notes operate in a 0-02 range, little changed vs. Friday's settlement levels.
  • New Zealand's Q3 retail sales data headlines the Asia-Pacific docket on Monday, with headline and flow watching set to come to the fore, given the limited economic docket apparent in the region.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Energy BulletsCommodities

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