Mostly lower in Europe The UK FTSE is the outperforming in what is mostly a down day for European equities. The lower GBP is helping to support the FTSE. In the European 10 year debt market, yields are mixed but mostly little changed:
Latest data from the Mortgage Bankers Association for the week ending 8 August – Purchase index 233.1 vs 237.9 prior – Market index 342.5 vs 353.1 prior – Refinancing index 927.6 vs 971.3 prior Headline measures the change in number of applications for mortgages backed by the MBA during the week. A further dip in mortgage…
Di Maio talks tough in Bloomberg interview ForexLive
GBP/USD falls to a low of 1.2860 while EUR/GBP touches a high of 0.9017 ForexLive Down under 1.2900 for cable and the slippery slope continues. The trendline channel remains intact still and there isn’t anything in the charts or in the fundamental picture to argue otherwise. As mentioned earlier, as long as the is in…
Weekly US oil inventory data Here was the API data from late yesterday: – Crude -6000K – Cushing -576K – Gasoline +3100K – Distillates +1800K Not much movement from oil on the knee-jerk but prices rise slightly to $67.85 from $67.60 but it’s now right back down.
Oil down 2% China will place 25% tariffs on US oil exports in a move that will shift demand to other benchmarks. WTI is down 2% today with Brent 0.9% lower. The drop in oil has come in steady waves over the past four hours with WTI now down $1.48 to $67.70.
New York Republican Collins arrested earlier today Collins was accused of multiple counts of securities fraud, as well as one count of wire fraud, one count of conspiracy to commit wire fraud and one count of making false statements in relation to securities of Australian company Innate Immunotherapeutics.
Tesla is down -1.54% The US stocks are open and the major indices are modestly in the red: Tesla, the story of the day yesterday and into today, is opening down. The current price is $374.11 down -$5.22 or -1.38%. Elon Musk tweeting yesterday that he is thinking about going private at $420. The low…
Comments from Al-Jubeir ForexLive
China says new tariffs to go into effect when US tariffs do China will hit an additional $16 billion of US goods with 25% tariffs beginning Aug 23 in retaliation for US tariffs.