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.
Still one of the highest estimates for 2Q GDP growth The Atlanta Fed is out with their latest estimate for second-quarter GDP growth. Their GDPNow model now estimates that growth will come in at 4.7% versus 4.8% after their last estimate.
Little reaction on NZDUSD The auction results from New Zealand’s global dairy trade are showing a decline of -1.2% in prices. The auction results can affect the New Zealand dollar as a dairy sector generates more than 7% Of the nation’s gross domestic product. The New Zealand milk cooperative, which is owned by 10,500 farmers,…
US housing starts and building permits for May 2018. The data for US housing starts and building permits shows: The housing starts are new 11 year highs.
Shanghai composite index shed 3.78% He adds:
The US yield curve continues to flatten further amid trade tensions It’s fallen by a good 7 bps since the start of last week to now being 35 bps, as the downtrend continues and we’re very much on our way towards an inverted yield curve still. With all the trade rhetoric between US and China…
Russia’s energy minister Novak on the wires No surprises as the 1.5 million bpd proposal was touted by Bloomberg over the weekend. This creates a very interesting situation ahead of the meeting this week.
Forex news from the European trading session – 19 June 2018 Headlines: Markets: – JPY leads, AUD lags behind on the day – European equities are all lower – DAX leading losses -1.3%
According to the draft text for the 28-29 June EU Summit Apart from that there’s also the discussion on asylum policy as mentioned earlier – an outlier to help Merkel and Germany.
UK PM spokesman says government is sticking by its original proposal on meaningful vote over Brexit deal
Comments by UK prime minister May’s spokesman It’s setting up to be a massive next 24 hours for Theresa May. Certainly going to be an interesting one tomorrow when we move to the vote at the House of Commons.