EWQ

Is The Dramatic Yen Short Squeeze Over?

European indices mixed after sharp drops in previous two sessions

European indices mixed after sharp drops in previous two sessions. The pan-European Stoxx 600 moved 0.17% higher. Spain's unemployment rate fell to 11.27% in Q2. Sweden's trade surplus surged to SEK8.7B in June. Retail sales in Norway shrank 5.1% M/M.

Yen's Surge Continues, While PBOC Surprises With Another Rate Cut, And U.S. 2-30 Year Yield Curve Ends Inversion

Yen's Surge Continues, While PBOC Surprises With Another Rate Cut, And U.S. 2-30 Year Yield Curve Ends Inversion. The powerful short-covering rally of the yen and unwinding of carry trades continues. For the second time this week, the PBOC has surprised by cutting interest rates. The US 2-10-year yield curve is the least inverted in two years.

European markets choppy amidst earnings flurry and Wall Street selloff

European markets choppy amidst earnings flurry and Wall Street selloff. The pan-European Stoxx 600 moved 1.38% lower. Technology stocks tumbled. Nestle, Renault, Kering and Roche among companies set to report earnings. U.S. 10-year Treasury yield down 6 basis points to 4.23%.

Flash PMI Signals Stalling Of Eurozone Economy

Greenback And Yen Extend Gains

Euro Area Composite PMI drops to 50.1 in July

Euro Area Composite PMI drops to 50.1 in July from 50.9 in June, lower than the consensus of 51.1. Flash Eurozone composite PMI Output Index fell to 50 in July. Flash Services PMI Business Activity Index drops to 51.9 vs. 52.8 in June.

European markets slide after corporate earnings and PMI numbers disappoint

European markets slide after corporate earnings and PMI numbers disappoint. The pan-European Stoxx 600 (STOXX) moved 0.75% lower. Underwhelming earnings from luxury giant LVMH hit its lowest level since January. Germany's flash composite PMI drops to 48.7 in July.