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Daily European Opening News - 20th May 2020

5/20/2020 12:30:00 PM
  • Asian equity markets traded indecisively following the soured mood on Wall St amid ongoing US-China tensions and a disappointing drug update
  • Moderna (MRNA) COVID-19 vaccine reportedly did not produce data critical to assessing the vaccine, according to STAT News citing experts
  • In FX markets, the DXY oscillated around the 99.50 level amid the indecisive risk tone
  • WTI July crude futures edged mild gains and broke back above the USD 32/bbl level supported by a somewhat encouraging private inventory report
  • FBN's Gasparino noted there is reportedly a growing congressional consensus on another round of stimulus after Memorial Day and possibly as much as USD 1 trillion
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