ISM non-manufacturing index – Prices paid 62.8 vs 63.4 prior – New orders 60.4 vs 57.0 prior – Employment 56.7 vs 56.1 prior — highest since January That’s two days in a row where the ISM and Markit numbers completely diverged.
Talks resume at 1 pm ET NAFTA negotiators are hoping to make a deal today or tomorrow. There hasn’t been any relevant news since late yesterday when there were some positive signs that a.
Raphael Bostic, President of the Federal Reserve Bank of Atlanta – Says economy is performing quite well – at full employment and inflation at 2% goal – Says again that with the economy standing on its own, monetary policy should be neutral Begone, doves!
Canadian foreign minister Freeland on talks with US trade representative Lighthizer – Says making progress – Had important and constructive talks – Will meet Lighthizer again tomorrow, staff talks continue tonight
On the Australian dollar in the wake of yesterday’s GDP data for April to June 2018 This via a Credit Agricole client note, I’ve summarised, bolding mine also:
This is from a JPM equity market research client note, but I thought the words on UK / EU politics of relevance to GBP traders GBP rallied hard overnight ICYM the headlines:
A preview of the July trade balance data from Australia due Thursday 6 September 2018 at 0130GMT – Expected surplus of 1450m AUD – prior surplus of AUD 1873m This will be a first look at how exports will contribute to GDP for Q3
ANZ with a +0.16% to their variable rate mortgage 016% … we are all doomed (again) Westpac bumped their higher last week. there are 4 big banks in Oz, so two of them have raised their mortgage rate now. The other two will follow along soon enough.
US President Trump has indicated he wants the next round of tariffs to hit Chinese imports as soon as the comment period expires – Comments finish on September 6 Its been a habit from the White House to take dramatic action like whacking on more tariffs when negative media hits – an announcement of the…
This is via Bloomberg on European equities, on an increasing correlation between MSCI Europe and MSCI Emerging Markets. I fell off my chair due to the headline, but am back up again and sharing the info