{"id":39194,"date":"2020-06-05T09:02:51","date_gmt":"2020-06-05T09:02:51","guid":{"rendered":"https:\/\/errante.com\/newsroom\/todays-fundamental-focus\/"},"modified":"2020-06-05T09:02:51","modified_gmt":"2020-06-05T09:02:51","slug":"todays-fundamental-focus","status":"publish","type":"post","link":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/","title":{"rendered":"Today&#8217;s Fundamental Focus"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Daily Analysis &#8211; 5th June 2020<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Europe&#8217;s PEPP Programme<\/strong><\/h3>\n\n\n\n<p>As of midday yesterday, the EUR was seen to have strengthened again after ECB announced expansion of its crisis asset purchase program<strong> -PEPP<\/strong>.<\/p>\n\n\n\n<p><strong>What is the PEPP Programme?<\/strong><\/p>\n\n\n\n<p>PEPP stands for the \u2018<em>Pandemic Emergency Purchase Programme<\/em>&#8216; which has been increased by \u20ac600 billion to a total of \u20ac1,350 billion. In response to the pandemic-related downward revision to inflation over the projection horizon, the PEPP expansion will further ease the general monetary policy stance, supporting funding conditions in the real economy, especially for businesses and households.<\/p>\n\n\n\n<p><strong>Impact of PEPP onto the Financial Markets<\/strong><\/p>\n\n\n\n<p>The emergency program announced in March was meant to keep borrowing costs lower, which it has done so for countries in the euro zone, which includes the 19-member region that uses the euro as its common currency.<\/p>\n\n\n\n<ul><li>The announcement contributed to a further reduction in borrowing costs, with the yield on&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=IT10Y-IT\">Italy\u2019s 10-year<\/a>&nbsp;government paper dropping from session highs above 1.56% to 1.40% shortly after the decision.&nbsp;There have been similar moves on Greek, Portuguese and Spanish debt.<\/li><li>The&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=EUR=\">euro<\/a>&nbsp;see-sawed, initially turning&nbsp;positive on the news to trade about 0.25% higher against the U.S. dollar. It then dropped after disappointing macroeconomic projections, to rebound again moments later.<\/li><li>The Eur has also taken the CHF mildly higher as of the European close yesterday. On the contrary, the GBP is the weakest one as pressured by the selloff against Euro.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>US-China Phase 1 Deal<\/strong><\/h3>\n\n\n\n<ul><li>According to analysts at Morgan Stanley, the U.S. \u2018will not want to break the phase one deal\u2019 with China<\/li><li>Last month, the U.S. President Donald Trump did say that he was \u201cvery torn\u201d about whether to end the phase-1 deal, which raised concerns and alerted the markets of a probable and damaging tariff fight.<\/li><\/ul>\n\n\n\n<p>Join us this weekend on our next <strong>Market Analysis webinar via Zoom<\/strong>. <\/p>\n\n\n\n<p>To join us<strong> today, click <a rel=\"noreferrer noopener\" href=\"https:\/\/zoom.us\/meeting\/register\/tJMlcO6urDgqEtTojFDkWAHESHVRh9_rUfDQ\" target=\"_blank\">here<\/a>.  <\/strong>To join us<strong> tomorrow, click <a rel=\"noreferrer noopener\" href=\"https:\/\/zoom.us\/meeting\/register\/tJMlcO6urDgqEtTojFDkWAHESHVRh9_rUfDQ\" target=\"_blank\">here<\/a>.<\/strong><\/p>\n\n\n\n<p>If you have any questions, please email our <a href=\"mailto:educationcentre@errante.com\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Education Centre<\/strong><\/a>.<\/p>\n\n\n\n<p>If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email&nbsp;<a href=\"mailto:support@errante.com\">support@errante.com<\/a>.<\/p>\n\n\n\n<p>We are&nbsp;<strong>Errante. Trading made personal<\/strong>.<\/p>\n\n\n\n<p>Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [<a href=\"https:\/\/www.fsaseychelles.sc\/capital-markets\/\">SD038<\/a>].<\/p>\n\n\n\n<p>To find out more about Errante, visit&nbsp;<a href=\"https:\/\/errante.com\/ja\/\">https:\/\/errante.com\/<\/a>.<\/p>\n\n\n\n<p>To keep up to date with all things Errante, follow us on&nbsp;<a href=\"https:\/\/www.facebook.com\/erranteglobal\/\">Facebook<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/www.linkedin.com\/company\/errante\/\">LinkedIn<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daily Analysis &#8211; 5th June 2020 Europe&#8217;s PEPP Programme As of midday yesterday, the EUR was seen to have strengthened again after ECB announced expansion of its crisis asset purchase program -PEPP. What is the PEPP Programme? PEPP stands for the \u2018Pandemic Emergency Purchase Programme&#8216; which has been increased by \u20ac600 billion to a total [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":28496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[17208,17209],"tags":[21758,17211,20965,20655,21794,17216],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Today&#039;s Fundamental Focus | Errante<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Today&#039;s Fundamental Focus\" \/>\n<meta property=\"og:description\" content=\"Daily Analysis &#8211; 5th June 2020 Europe&#8217;s PEPP Programme As of midday yesterday, the EUR was seen to have strengthened again after ECB announced expansion of its crisis asset purchase program -PEPP. What is the PEPP Programme? PEPP stands for the \u2018Pandemic Emergency Purchase Programme&#8216; which has been increased by \u20ac600 billion to a total [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/\" \/>\n<meta property=\"og:site_name\" content=\"Errante\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-05T09:02:51+00:00\" \/>\n<meta name=\"author\" content=\"ckyriakidou\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ckyriakidou\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/\",\"url\":\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/\",\"name\":\"Today's Fundamental Focus | Errante\",\"isPartOf\":{\"@id\":\"https:\/\/errante.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/errante.com\/wp-content\/uploads\/2020\/06\/shutterstock_1509844910-1.jpg\",\"datePublished\":\"2020-06-05T09:02:51+00:00\",\"dateModified\":\"2020-06-05T09:02:51+00:00\",\"author\":{\"@id\":\"https:\/\/errante.com\/#\/schema\/person\/ef509dff2f56ae8df9b5bbc842664588\"},\"breadcrumb\":{\"@id\":\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#primaryimage\",\"url\":\"https:\/\/errante.com\/wp-content\/uploads\/2020\/06\/shutterstock_1509844910-1.jpg\",\"contentUrl\":\"https:\/\/errante.com\/wp-content\/uploads\/2020\/06\/shutterstock_1509844910-1.jpg\",\"width\":1140,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/errante.com\/ja\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Today&#8217;s Fundamental Focus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/errante.com\/#website\",\"url\":\"https:\/\/errante.com\/\",\"name\":\"Errante\",\"description\":\"Trading Made Personal\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/errante.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ja\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/errante.com\/#\/schema\/person\/ef509dff2f56ae8df9b5bbc842664588\",\"name\":\"ckyriakidou\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\/\/errante.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/85096136f57d9d2e162abc4243c604fb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/85096136f57d9d2e162abc4243c604fb?s=96&d=mm&r=g\",\"caption\":\"ckyriakidou\"},\"url\":\"https:\/\/errante.com\/ja\/newsroom\/author\/ckyriakidou\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Today's Fundamental Focus | Errante","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"ja_JP","og_type":"article","og_title":"Today's Fundamental Focus","og_description":"Daily Analysis &#8211; 5th June 2020 Europe&#8217;s PEPP Programme As of midday yesterday, the EUR was seen to have strengthened again after ECB announced expansion of its crisis asset purchase program -PEPP. What is the PEPP Programme? PEPP stands for the \u2018Pandemic Emergency Purchase Programme&#8216; which has been increased by \u20ac600 billion to a total [&hellip;]","og_url":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/","og_site_name":"Errante","article_published_time":"2020-06-05T09:02:51+00:00","author":"ckyriakidou","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ckyriakidou","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/","url":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/","name":"Today's Fundamental Focus | Errante","isPartOf":{"@id":"https:\/\/errante.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#primaryimage"},"image":{"@id":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#primaryimage"},"thumbnailUrl":"https:\/\/errante.com\/wp-content\/uploads\/2020\/06\/shutterstock_1509844910-1.jpg","datePublished":"2020-06-05T09:02:51+00:00","dateModified":"2020-06-05T09:02:51+00:00","author":{"@id":"https:\/\/errante.com\/#\/schema\/person\/ef509dff2f56ae8df9b5bbc842664588"},"breadcrumb":{"@id":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#primaryimage","url":"https:\/\/errante.com\/wp-content\/uploads\/2020\/06\/shutterstock_1509844910-1.jpg","contentUrl":"https:\/\/errante.com\/wp-content\/uploads\/2020\/06\/shutterstock_1509844910-1.jpg","width":1140,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/errante.com\/ja\/newsroom\/todays-fundamental-focus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/errante.com\/ja\/"},{"@type":"ListItem","position":2,"name":"Today&#8217;s Fundamental Focus"}]},{"@type":"WebSite","@id":"https:\/\/errante.com\/#website","url":"https:\/\/errante.com\/","name":"Errante","description":"Trading Made Personal","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/errante.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"ja"},{"@type":"Person","@id":"https:\/\/errante.com\/#\/schema\/person\/ef509dff2f56ae8df9b5bbc842664588","name":"ckyriakidou","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/errante.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/85096136f57d9d2e162abc4243c604fb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/85096136f57d9d2e162abc4243c604fb?s=96&d=mm&r=g","caption":"ckyriakidou"},"url":"https:\/\/errante.com\/ja\/newsroom\/author\/ckyriakidou\/"}]}},"_links":{"self":[{"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/posts\/39194"}],"collection":[{"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/comments?post=39194"}],"version-history":[{"count":0,"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/posts\/39194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/media\/28496"}],"wp:attachment":[{"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/media?parent=39194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/categories?post=39194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/errante.com\/ja\/wp-json\/wp\/v2\/tags?post=39194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}