Financial Market News 06.08.2020 Stocks & FX

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DAX futures contract in Germany traded 0.3% higher, FTSE 100 futures contract in the U.K. fell 0.5%, while CAC 40 futures in France dropped 0.5%.
Lufthansa (DE:LHAG) posted a second-quarter loss of 1.5 billion euros, and the German airline said it doesn't expect air travel demand to return to pre-crisis levels before 2024.
Credit Agricole (PA:CAGR), France’s second-largest listed bank, reported a 22% drop in quarterly profit on Thursday as it took provisions of 842 million euros against potential bad loans, while insurer AXA's (PA:AXAF) net income fell 39% as it booked a 1.5 billion-euro charge for claims related to Covid-19.
Adidas (DE:ADSGN) reported a second-quarter operating loss of 333 million euros, but the sportswear firm said it expects a rebound in profit in the third quarter.
U.S. crude futures traded 0.5% lower at $42.41 a barrel, while the international benchmark Brent contract rose 0.8% to $45.51. Gold futures rose 0.6% to $2,048.90/oz.
GBP/USD has hit 1.3183, the highest since March, showing that the BoE's decision includes powerful punches, propelling the pound. GBP/USD has hit a daily peak of 1.3183 – the highest since March – before consolidating its gains. Cable may continue higher after the BoE's upbeat message, potentially breaking above 1.32. UOB Group noted EUR/USD could advance to 1.20 on a close above 1.1930 in the next weeks. The dollar's index was flat at 92.814, having fallen more than 0.5% in the previous session to approach its two-year low of 92.539 marked last Friday.
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