>>> Few Interesting charts & data


US: The biggest post-WW-II drop in consumer spending will drive the contraction in the GDP.

 

 

French consumer confidence was surprisingly resilient in April.

 

French households expect a spike in inflation as a result of shortages of certain items. The reality, however, will be quite different, as economists project deflation in the Eurozone.

 

Researchers believe that the number of coronavirus infections in Italy has been grossly underestimated (perhaps by a factor of ten).

 

The ECB (Eurosystem) balance sheet is approaching €5.5 trillion.

 

The Swiss central bank (SNB) has been intervening in the currency markets to halt the appreciation of the franc. The SNB's activity is evident in the increase of Switzerland's sight deposits.

 

 

The Stoxx 600 index is testing the 50-day moving average.

 

China's 5-year government bond yield reached a record low.

 

Saudi Arabia's F/X reserves registered the largest monthly decline in at least two decades as it defends the dollar peg. Will the Saudis be forced to devalue (or give up the peg)?

 

 

The percentage of S&P 500 stocks trading above their 50-day moving average climbed above 50%.

 

The S&P 500 has decoupled from consumer confidence.

 

 Self-employed share of the labor force (related to the chart above):