Harker on today’s inflation data Harker, on net, is a bit hawkish here but he’s a long way from something more hawkish than gradual hikes. The next big question is whether the Fed raises one more time this year or twice. If you read between the lines lately, there is almost unanimous support for one…
Leads a run higher for equities The Nasdaq has just cleared above the 7800 level and is now up 87 point or 1.13% on the day. The all time high price for the index comes in at 7806.59 (back in June). Needless to say, the price is not that far from record high headlines. At…
Monthly budget statement from the Treasury – Prior was a deficit of $146.8 billion – The 12-month moving average of the deficit is at the second-worst since 2013
The ‘Sun’ in the UK – US President Trump says May’s soft Brexit plan ‘will probably kill’ any future trade deal with the US Similar has been all over the media in previous hours – this is no surprise at all
Text will be released from Marketplace radio interview at the bottom of the hour I’m not sure how this will be released. The newswires got wind of it so there’s a chance the Fed has the transcript and embargoed it or had a lockup.
Some reports citing witnesses: – large explosion heard in the Egyptian capital city Cairo – near the international airport – Flights in and out have been halted Details are sketchy right now, let’s hope there are no casualties.
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Be on the alert for a China trade surplus announcement in June Which might prompt some boo hoo tweets from the Us Prez (so much whining!) winning which in turn would weigh on risk currencies
There is not much likely to move the forex in this lot today – maybe the trade data from China It being Friday the thirteenth might put a dampener on some activity here also.
Bank earnings kick off earnings tomorrow morning The US stock are closing with solid gains led by the tech heavy Nasdaq. The Nasdaq closed at a record level and just off the highs.