USD/CAD rises above 1.2625 Poloz will hold a press conference at 11:15 am ET.
S&P 500 up 0.26% The S&P 500 rose 8 points to 2714 at the open after a 26-point gain on Tuesday. The index is at the best levels since March 21, which was the day the Fed hiked.
USD/CAD at 1.2560 USD/CAD rose as high as 1.2598 today but selling at the big figure has been the story since. The US dollar is broadly weaker and that’s pulled the pair down to 1.2560.
Says Turkey needs to eliminate uncertainties – Says Turkey is being ruled by an ‘old system’ – Says elections should be held June 24 – Cites Syria and macro balances in call for the early vote No one calls for early elections unless they think they’re going to win.
It’s only April and store closures are above 2016 levels Competing with online shopping is a death sentence for many retailers. Generations of overbuilding have meant far too much retail square footage.
The Castro era nears an end One day, Cuba will open up and there will be some of the greatest investment opportunities of our lifetime.
EUR/USD near the best levels of the day The latest move in the euro isn’t really about the euro. The US dollar is struggling across the board and that helped EUR/USD climb to 1.2390 from 1.2365.
Closing changes for the main indexes – German DAX – flat – French CAC +0.5% – Spain IBEX +0.6% – UK FTSE 100 +1.3% – Italy MIB +0.6% The FTSE liked the soft inflation data because it makes a hike in May less likely.
Five-Star leader Di Maio may try to form government without a coalition Di Maio says he is ready to form a government with Lega. Political risk for the euro isn’t a big factor right now but this isn’t great news.
Just noting this. I must say I got excited, I saw ‘Australia’ where it actually said Austria Ah well …. Austrian March Consumer prices +0.6% m/m – prior +0.3% And for the y/y, up 2.1%