31FX – There may be a risk in tone with markets from Japan and Europe. This follows the falling coronavirus cases and last week’s devastating economic figures.
Bank of Japan Removing Limits
The BOJ has removed limits to buying government bonds and will expand the type of assets to accept as collateral.
Coronavirus Cases in Europe
Cases of Covid-19 in European countries have dropped. Italy announcing a gradual plan to ease restriction from May 4 and Spain allowing children to leave homes.
Prime Minister Boris Johnson has returned Downing Street and will soon plan for their next steps, with the government split on shuttering the economy.
Britain has also reported fewer cases of coronavirus but some may fear due to lack of report during the weekend.
Oil Prices On the Backfoot
WTI has been reported to be in the back foot, trading below $16 (June contract) as fears that storage will run output pressure on petrol prices.
North Korean Power
With speculation about the health of their leader Kim Jong-Un, it has remained unclear as to who could take power in the nuclear nation.
The digital coins have been reported to be edging higher with Bitcoin trading above $7700.
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