Irish PM on Brexit negotiations – We will not prepare for a hard border in Ireland – Britain needs to soften some of its red lines for EU to be more flexible It’s nice to see a politician preparing for an unlikely scenario.
Amazon buys PillPack Amazon has been poking around the online pharmacy business for about a year, along with a bigger push into healthcare. PillPack is an online pharmacy that pre-sorts medications into different doses and handles both refills and renewals.
Prior week 218K The weekly US initial jobless claims came in at 227K versus 220K expected.
The third estimate of Q1 growth The +0.9% rise in consumer spending was the weakest in nearly five years and it contributed, along with slower trade and inventory building to a downward revision to growth. It was bolstered by a revision in corporate profits to 8.7% from 5.9% in the second estimate.
Revisions, revisions, everyone loves revisions At some point, a quarter falls far enough into the rearview mirror that the GDP revisions don’t effect the market. We’re just about at that point.
A statement by the White House says This comes after John Bolton went to Moscow during the week to meet up with Putin himself. This will be after the NATO summit that is scheduled to take place in Brussels on 11 to 12 July.
Latest data released by Destatis – 28 June 2018 Slight delay in the release by the source. Pretty much in line with estimates as the yearly readings meet expectations. Not much of a surprise given what we have seen from the German states’ inflation reports earlier.
Comments by Iran’s OPEC governor Hossein Kazempour Kazempour adds that the OPEC+ agreement doesn’t allow for above-quota oil output and reiterates that any breach of the accord means that the ‘US is the one who is running OPEC’ instead.
According to Chinese state media, citing a central bank advisor When it comes to deleveraging and China’s credit tightening, the M2 money supply is go-to indicator for me. It has been on a constant downtrend since 2016 and I’ve put in the 12-month average alongside it to highlight the continuous decline:
Forex news from the European trading session – 28 June 2018 Headlines: Markets: – CAD leads, NZD lags on the day – European equities lower – Gold up 0.05% to $1,252.88