Key business survey from the Bank of Canada The Bank of Canada loves its business outlook survey. The Q2 edition is due out at the bottom of the hour and features survey data on future sales, investment and the overall outlook.
FOXBusiness network interview. President Trump is saying on Fox business network that he is considering cutting the corporate tax rate 20%. He also adds:
Up $0.70 or 0.95% The price of crude oil futures are settling the at $74.15 which is up $0.70 or +0.95% on the day. A week ago, the price closed at $68.58. The gain of about $5.50 is a 8.2% change for the week.
Stern warning to Trump GM is warning the Trump administration that he could shrink US operations as a result of tariffs on imported vehicles and auto parts. “Increased import tariffs could lead to a smaller GM, reduced presence at home and abroad for this iconic American company, and risk less – not more – US…
Low from Sunday stalls the fall The price of Bitcoin on the Coinbase exchange fell in trading today. Recall from yesterday, the price could not get above the 100 hour MA – blue line in the chart above (see post: ). If buyers can’t take control vs technical tools, the price has to go lower. …
Crude oil trading at $74.15 just before the release Rigs have now declined for the 2nd week in a row. U.S. crude oil inventories had a surprise 9.9 million drawdown in the week through June 22 (est was for 3.0M).
Oil rigs last 862 The Baker Hughes rig count will be released at the top of the hour: The current price for crude oil is up $.80 or 1.09% at $74.25. Last week, oil rigs fell for the 1st time after 11 weeks of equal or higher rig numbers.
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Canada unveils final list of retaliatory tariffs against US Chrystia Freeland, the Canadian Foreign Minister says: The USDCAD has moved lower in trading today and in the process is down testing the broken 61.8% of the move down from the May 2017 high at 1.3131. The swing high from March is just below that level…
The Portugal PSI20 is the exception The major European indices are ending the day with gains. The only exception is the Portugal PSI 20: For the week, the major indices are lower despite the gains today: