CHF, JPY, USD all bid against the other major currencies ForexLive European equities are slipping across the board and that is starting to exacerbate some risk off flows in markets. It started with the swissie gaining traction as highlighted earlier but that has soon translated into further fall in the euro and sterling in particular…
Latest data released by Destatis – 30 August 2018 – CPI +2.0% vs +2.0% y/y prior ForexLive Slightly weaker monthly inflation estimate but the yearly reading holds steady. All in all, the state readings today points towards a possibly weaker-than-expected national reading on the monthly estimate – which is expected. As for the yearly estimate,…
Has lunch with winner of charity auction. PS the winner paid $3.3 million for the priviledge The major indices moved a bit lower with the Nasdaq now back in the red. It was up about 8 points at the high. It is now down about -2 points. The Dow is down -74 points.
According to a report by Politico report In July, there was only an agreement to eliminate tariffs for non-auto industrial goods. If the report is true, then that’s good news for auto makers and that should provide some relief for European stocks on the day – since the US is likely to call back their…
Warren Buffett will be on CNBC today The Nasdaq has erased the declines and trade marginally higher now (up 5.3 points or 0.06%). The index has had 4 straight record closes.
The bad news just keeps piling on for Turkey – Sharp fall in Turkish lira heightens risks for Turkish banks – Could see a marked reduction in banks’ ability to refinance ForexLive
Freeland after meeting with Lighthizer ForexLive
Atlanta Fed lowers tracking estimate There’s been a burst of GDP estimate revisions following the PCE data and yesterday’s Q2 GDP revisions. The Atlanta Fed has cut its tracker by a half-point to 4.1%.
Hard times in Buenos Aires It’s going to be awfully tough to fund all that external debt with the Argentine peso down nearly 5%. That’s on top of yesterday’s 7% dropped that was sparked by President Macri asked the IMF to speed up the bailout.
Canada NAFTA negotiator Freeland: There’s a bit of a hint of what wasn’t said here. There’s none of the genuine optimism but that’s perhaps reading too deeply between the lines.