Geopolitical Risk to Test Risk Sentiment - Market Talk
Tuesday , July 7 2020
Home / Market Talk / Geopolitical Risk to Test Risk Sentiment
Alice Blue - Market Talk_June 30, 2020

Geopolitical Risk to Test Risk Sentiment

It was a quiet start to the week in the economic calendar on Monday. The Japanese yen was at the beginning of the day.

Away from the data, an increase in new coronavirus cases last week and more spikes over the weekend weighed in at risky assets.

Over the weekend, May’s industrial profit and fixed asset investment figures failed to shift negative sentiment quickly.

Industrial profits grew 6% year-over-year in May, down from 4.30% in April. However, year-to-date, industrial profit was down 19.3%, a slight improvement from a 27.4% drop in April.

Looking at the latest coronavirus numbers

On Sunday, the number of new coronavirus cases rose 136,417 to 10,229,030. On Saturday, the number of new cases had increased to 208,420. The daily increase was less than the Saturday increase while there were 131,020 new cases since last Sunday.

Germany, Italy, and Spain reported 650 new cases on Sunday, down from 1,029 new cases on Saturday. Last Sunday, only 917 new cases were reported.

From the US, the total number of cases on Sunday increased from 35,905 to 2,632,442. On Saturday, the total number of cases had risen to 48,661. On Sunday, June 21, a total of 26,079 new cases were reported.

For Japanese yen

According to the Ministry of Economy, Trade, and Industry, retail sales slipped 13.3% in April from a year-on-year decline in May to 12.3%. Economists had forecast a fall of 11.6%.

The Japanese yen rose from ¥ 107.182 to ¥ 107.186 when the figures were released. At the time of writing, the Japanese Yen was down 1.0 to% against the US dollar, at 107.29.

Share on

About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

Check Also

Global Market Research Weekly Report June 29-July 03 | Alice Blue

Global Market Weekly Report 06 July 2020

Equities jumped, bond yields rose, and after crude oil prices improved better than expected, economic …

Leave a Reply

Your email address will not be published. Required fields are marked *