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 .
And he hopes that the Fed understands that too Kudlow was speaking to Fox Business Network earlier, and he said that “more people working and faster economic growth do not cause inflation”.
US Treasury secretary Steven Mnuchin speaks to Fox Business Network Hmm, not sure if proposing/pushing to leave the WTO is the same as harming economic growth but I think it falls in the same category, don’t you? But of course, we’re not going to officially hear such a thing from Mnuchin.
S&P 500 futures back on the up after the Trump-WTO report There’s relative calm across the board as well with USD/JPY also trading higher again to 110.60 levels and the dollar itself creeping lower after posting gains following the report earlier. European equities are also quietly going back up again as markets digest the possibility…
BTC lost further ground in late US time Back towards weekend lows: But why? you ask … Well, if I hear one more person tell me ‘the trend is your friend’
Earlier we got data on the job market (May) and on inflation (Tokyo, June) Now Industrial Production data for May (preliminary): -0.2% m/m … lower but a beat
Inflation for Tokyo is available 3 weeks ahead of the national data for the same period, and is looked to as a guide for the country-wide result (which is a bit of a hit and miss TBH)
Labour market data from Japan for May Jobless Rate 2.2%, the lowest in more than 25 years – expected 2.5%, prior was 2.5% Job-To-Applicant Ratio 1.6 – expected 1.59, prior was 1.59 Jobs are available in Japan, its wage growth that is MIA
Data due from Japan at 2330GMT, which is earlier than when ew usually get Japanese data … so a heads up — Also … May data for And, if you really need your fix of 2350GMT data, there is this:
Some were asking about the details on the migration deal reached by the European Union And some just can’t manage to nod off to sleep So, there is this for everyone!