Quieter start of the week with all indices trading below their AVATs. Lots of encouraging virus updates throughout the weekend with Germany partially opening its economy today and various countries starting to see a decrease in fatalities (Spain, UK, Italy and also NY). Despite that, lockdowns remain in place for most of Europe, with the political downside of opening early still outweighing the economic benefits (for now). EU equities ticked higher at the open but have since turned to trade in the red. Focus this week will be further stimulus updates (Mnuchin signalled that a new aid package is on the way overnight), any more news in the oil space and of course, Q1 earnings (especially EU banks, which remain amongst the losers).
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.