Day: June 6, 2018

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  Japan's Abe says that no countries benefit from trade protectionism

  Comments by Japanese prime minister Shinzo Abe Abe says that he wants to send a message ahead of the G7 summit that nobody would benefit[...]
  2018-06-06 23:27:06

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  EU says that retaliatory tariffs on US goods to come into force in July

  Comments by the European Commission on trade The tit-for-tat rhetoric on trade continues to develop but the market is largely ignoring in for the moment.[...]
  2018-06-06 23:27:06

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  Euro extends gains, touches session high against the dollar

  EUR/USD touches a high of 1.1776 on the day The euro is continuing its momentum following the consistent comments on the inflation outlook by ECB[...]
  2018-06-06 23:27:06

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  Katainen says EU has offered constructive approach on trade to US

  Comments by European Commission vice president, Jyrki Katainen The message so far on the trade rhetoric that the EU is sending is that they are[...]
  2018-06-06 23:27:06

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  Germany's Merkel sees possibility G7 will fail to agree a joint statement

  Comments by German chancellor Angela Merkel Well, it's not the worst of things as majority of the participants are in disagreement with the US over[...]
  2018-06-06 23:27:06

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  Goldman Sachs raises GDP tracker to 3.8% from 3.7%. Barclay's at 3.5% from 3.4%

  Cites better trade data from earlier today Both Goldman and Barclays have raised their GDP 2Q tracker by 0.1% on the back of better trade[...]
  2018-06-06 23:25:06

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  New Zealand QV house prices +6.9% y/y vs +7.6% prior

  House price data from Quotable Value No reaction from the kiwi.
  2018-06-06 23:25:06

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  Global foreign direct investment fell 23% in 2017 - UN

  The money isn't flowing Investments by firms or individuals in foreign companies plunged worse than believed last year, according to a new UN report. They[...]
  2018-06-06 23:25:06

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  Canada April international merchandise trade $-1.90B vs $-3.40B expected

  Canadian trade balance data Separately, Canadian building permits fell 4.6% in April from March.
  2018-06-06 23:25:06

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  US 1Q final Nonfarm productivity 0.4% vs 0.6% estimate

  Unit labor costs rise 2.9% vs 2.8% expectations - US 1Q nonfarm productivity rose by a smaller than expected 0.4% vs. 0.6% expectations. -  The[...]
  2018-06-06 23:25:06

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