The May Personal Consumption Expenditure report is coming up This week ends with a flourish with the top economic data points of the week due out at the bottom of the hour.
Fox Business report Mnuchin said the report was an exaggeration.
Regional manufacturing data to come Most of the US regional manufacturing numbers have been on the soft side this month but the big one — the Chicago PMI — is due up at 9:45 am ET (1345 GMT). The consensus is for a dip to 60.0 from 62.7.
Financials/Tech move higher The financials are getting a boost after the stress results opened the door for increase dividends and buybacks from banks. In the financial sector:
Saudi Arabia was pumping more before the OPEC meeting The latest Reuters survey shows that Saudi Arabia boosted its supply to 10.70 million barrels per day in June, a jump of 700K bpd. That will push up overall output in the month, despite drops in Libya and Iran.
Is this part of the plan? What’s the most absurd justification for tariffs you can imagine? How about putting import duties on Canada on national security grounds? Compound that by making repeated public comments that Canada isn’t a national security threat and that the tariffs are really about trade.
Any attempts by Trump to withdraw from the WTO would require an act of Congress You’d think it’d be impossible. You’d think it’d be unimaginable. You’d think it’d be out of this world. But hey, it’s Donald Trump. Get used to it. It’s a bizarre world we live in, but what a time to be…
Forex news from the European trading session – 29 June 2018 Headlines: Markets: – EUR leads on the day, JPY lags behind – European equities up on the day, but off the highs
According to a report by Axios The report says that Trump has told top White House officials that he wants to withdraw the US from the WTO and that he is unmoved by arguments that the US has done well in the past with the WTO. The full report can be found .
The lows touched just under 1.1550 Could you imagine if it were an SNB official saying that? The dip would be almost free fall like instead. The pair is recovering now though, but the kind of language by Maurer is indeed contradictory to what the SNB has been preaching all this while.