Equity Markets on both sides of the Atlantic closed lower as investors worried about the latest reports of fresh outbreaks of the Coronavirus in the U.S and China. Initial Jobless Claims came in worst than expected with a further 1.51 million losing their jobs last week. This brings the total to over 45 million since the U.S Economy was shut down in March. The 67% fall in the share price of German Payments Firm Wirecard AG weighed on both the DAX and the Stoxx Europe 600 Indexes. At its Monthly Meeting, the Bank of England left Interest Rates unchanged at 0.10%. It announced that it would expand its QE Programme by a further £100 Billion. This was less than the market expected and the Pound weakened. Both the DAX and FTSE closed lower by 0.7% and 0.6% respectively. Despite an increase in Covid 19 in China, Germany and the U.S. coupled with the weaker than expected Jobless Claims, the S&P reversed earlier losses to closed unchanged at 3115 on weak volume. Markets rallied into the close on optimistic comments from White House Economic Advisor Larry Kudlow. On a positive note, the Philly Fed’s Business Survey for June was much stronger than expected. Both Treasuries and the US Dollar rallied while Crude reversed yesterday’s loss to close with a gain of 2.3%.Normal trading  should resume next week after the June Equity Futures and Options Contracts expire at various times today.

To mark my 2100th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 224 points yesterday and is now ahead by 1894 points for June, having made 2456 points in May, 4773 points in April, an incredible 9264 points in March, 2223 points in February, 2142 points in January and 818 points in December. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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