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German Factory Orders Rebounded in May

German factory orders jumped 10.4% in May MoM, indicating that the contraction in Europe’s largest economy is slowing down.Data released by the Federal Statistics Office on Monday showed that contracts for goods “made in Germany” jumped 10.4% MoM compared to +15.0% expected and -25.8 previous. On an annualized basis, German …

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S&P 500 Continued To Recover

S&P 500 continued to recover during Q2 from its slump in Q1. The largest sectors that struggled against the recession and were not on the index were: health care, communication services, information technology and consumer discretionary. Top 5 companies are in the S&P 500 and represent most of the recent …

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EUR/JPY Remains in a Narrow Range

Euro

The risk aversion provides some strength to Yen, safe-haven currency, which maintains the bullish trend for EUR/JPY in 121.00 regions. EUR/JPY fell for a second consecutive session with low trading volume due to the Independence Day holiday in the United States. Investors continue to evaluate the latest data besides Covid-19 …

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