Archives of “April 27, 2020” day

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European shares end the day with solid gains

  
Analysis, Global Indices
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German DAX, +3.13%. France’s CAC, +2.3%

the major European indices are ending the day with gains across the board led by the German Dax up 3.13%. The German DAX, France’s CAC, and Italy’s FTSE MIB are closing near highs for the day.
Below are the percentage ranges for major indices in both the US and Europe. The US stock indices are also trading at session highs with the session.
German DAX, +3.13%. France's CAC, +2.3%_In the European debt market, the the benchmark 10 year yields were mixed with Germany and UK yields up while France, Spain, Italy, and Portugal yields lower.
European yields are mixed

In the US debt market, yields are higher with a steeper yield curve. The 2 – 10 year spread is up to 42 basis points from 37.63 basis points on Friday.

US yields are higher
In other markets:
  • spot gold is trading down $18.13 or minus was 1.06% at $1711.32
  • WTI crude oil futures (June contract )are sharply lower with the price down $4.75 or -28% at $12.19

Apple reportedly pushes back mass production of its 2020 flagship iPhones

  
  Analysis
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WSJ reports, citing people familiar with the changes

Apple

The report says that Apple is delaying production of its flagship iPhones coming later this year by a month, as the coronavirus pandemic weakens global demand and also disrupts manufacturing activity across Asia.

That said, Apple is still going ahead with plans to release four new iPhone models later in the year, according to the sources.
Typically, the company will ramp up mass production early in the summer around August before unveiling the phones in mid-September.
However, the sources say that while Apple will still build some of the new iPhones in July to September, mass production will slide back by about a month this time around.

The full report can be found here (may be gated).

UK health minister Argar says PM Johnson is ‘full of energy, back in the driver’s seat’

  
  Analysis

Some comments by UK minister of state for health, Edward Argar

For the uninitiated, UK PM Boris Johnson is set to return to work today after recovering from his battle against the coronavirus disease for more than a month.

Meanwhile, Argar also adds that “the science is not saying we are ready to lift lockdown restrictions” and that “we are going to have to stick with this at least for the moment”.
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