According to the latest survey by Bloomberg on 51 economists It’s an unchanged expectation from the prior survey in May, but this time around only 55% of respondents foresee a rate hike in August by the Bank of England. In May, that figure was 60%.
Latest data released by Eurostat – 19 June 2018 The data here tracks changes in output/sales in the construction industry. Decent readings here, but a minor and lagging data point in the grand scheme of things.
10 year yields are lower The European stocks are ending the session mixed but off low levels: In the 10 year debt sector, yields are lower in Europe: In the forex market as London traders look to exit, the JPY is still the strongest, but has seen some of its flight to safety strength erode…
Japan’s cabinet office releases its monthly economic report Reaffirms that the “economy is growing at a moderate pace”. They’ve maintained the same assessment for the whole of 2018 thus far, after having upgraded it from the “economy is on a moderate recovery”.
White House trade hawk speaking Peter Navarro, the White House trade advisor and trade hawk, is on the wires: Of interest as well is that N. Korea’s Kim is visiting with Xi today.
According to Reuters, citing two OPEC sources It looks like even the possibility of a compromise through a smaller increase in the oil output production may not be well received by Iran and Venezuela.
Crude oil is down -1.75% today OPEC meets at the end of the week and the Kuwait’s oil minister is speaking: Crude oil is being hit today. It is down $-1.16 or -1.75% at $64.69. Yesterday, the price close back above its 100 day moving average at $65.47 (closed at $65.85 yesterday). Today, the price…
According to Reuters, citing 3 OPEC sources That basically says that they will very much increase the oil output of the current OPEC+ agreement. But the real question remains, by how much. Though, at least this provides more of a confirmation that they are leaning more towards increasing oil production by the conclusion of this…
Focused on immigration and economic reform Germany’s Angela Merkel and France’s Emmanuelle Macron are meeting in a guesthouse north of Berlin, Germany. Some comments:
Comments by EU chief Brexit negotiator, Michel Barnier Looks like this basically confirms that we won’t be getting any progress from the EU Summit that is to come at the end of this month. The can gets kicked down the road once again.