One of the all-time greatest swings Brazilian businessman Eike Batista once claimed he would become the world’s richest man and he nearly did it. At his peak, in 2012, he was worth around $45 billion.
It’s PMI day again in Europe Good day, everyone! Hope you’re all doing well as we get the session going later on in the day. Turnaround Tuesday was marred by some last minute shenanigans in the trade spat between China and US yesterday, so let’s see what the market has in store for us in…
New Zealand ANZ job ads for June, -1.6% m/m – prior +2.2% m/m For the y/y based on a 3 month MA, up 2.9% from +3.9% the previous month ANZ’s summary is quick and to the point …. linking the declines we have seen in business confidence to the employment market ….
Forex and Bitcoin news for Asia trading Wednesday July 4 2018 Heading into the US holiday Asia FX was thinner in liquidity but outdid itself for ranges. OK, they weren’t large, but they were more than what we see a lot of the time in the timezone. And on a session where was fresh news…
There is plenty coming up from Australia today, the May trade balance and retail sales the focus Earlier previews: This now for retail sales via Westpac, bolding is mine:
The Financial Times reports on the European union considering talks on a tariff-cutting deal between the world’s big car exporters – Aimed at preventing “an all-out trade war with the US” Ft citing three diplomats
New Zealand economy medium-term risks are tilted to the downside – Says RBNZ monetary policy is sufficiently expansionary From the Fund’s final report re Article IV consultation with the country
This is an interesting little bit from Bloomberg on HFT That’s good – means I got time for another cup of coffee, right? Link for more
There is trade balance and retail sales data, both for May 2018 due at 0130GMT And, via NAB 9bolding mine): I posted a couple of bank previews for the trade balance here:
Attention is focused on a town close to the city of Salisbury, where a former Russian spy and his daughter earlier this year were victims of a nerve agent