British Retail Consortium- Nielson shop price index, used as a guide to inflation … or deflation I guess… this result shows the 62nd month of falling prices
Italy economy minister Giovanni Tria speaks to lawmakers The comment on downside risks to GDP surely won’t bode well for the Eurozone economy as a whole in Q2 and as we begin 2H 2018. Factory and industrial sectors are doing poorly, and if domestic demand slows down further then it’s going to start posing real…
Latest data released by Eurostat – 3 July 2018 Slightly better producer prices but not going to matter all too much as the data here is a lagging indicator of inflationary pressures. We already had the June CPI preliminary readings for the Eurozone last week.
Markets will close early in observance of Independence Day Blink of an eye and it’s already 4th of July! Anyway, expect thinner volumes in trading today during the US session as markets will close early before being completely closed tomorrow.
Forex news from the European trading session – 3 July 2018 Headlines: Markets: – AUD leads, USD lags on the day – European equities are all higher – Gold up 0.41% to $1,247.04
PBOC senior advisor Sheng Songcheng writes in an article on Sina.com Without any clues on how the central bank devises its yuan fixing mechanism, it’s easy to argue in such a manner. But even so, you have to say a more than 3% decline in the yuan against the dollar in the span of two…
The latest dairy auction results That’s the worst result this year.
WTI quickly down to $74.00 I don’t see any headlines behind this latest drop, but I’m going to keep looking. WTI crude just took a dive down to $74.00 from $75.20.
The May factory report Some very good numbers here but the risk is that the numbers were inflated by orders ahead of pending or threatened tariffs.
Data from the Census Bureau coming up The main US data point for the day is coming out at the top of the hour. Factory orders are forecast to be flat after a 0.8% decline in April.