Tokyo’s main index closes lower on the day Asian stocks are mostly dragged lower on the day by trade war jitters from the tit-for-tat spat between US and China on tariffs. The fall in the Nikkei today is among the supportive factors for the yen so far in trading.
The passing of the baton for the presidency of the New York Fed There will be a couple of Fed speakers to come later today, so let’s see what they will be speaking on and whether or not we may expect any monetary policy comments to come.
Will the BoE be able to thread the needle? The single currency collapsed on forex on Thursday by more than 2% to 1.1560 USD after the ECB comments, demonstrating the sharpest fall since the Brexit two years ago. Most observers notice that lack of desire to raise the rates for the next year is the…
According to Bloomberg That should be a relief for oil as the increase in the output isn’t as much as anticipated earlier. WTI now moves to $64.63, near the highs for the day on the back of the headline.
FT reporting The FT is reporting that Brexit is unlikely until the end of year. They cite a continued deadlock between EU and UK on the Irish border situation.
Latest data released by Istat – 18 June 2018 Slight delay in the data release by the source. Not a substantial release as we already had Eurozone figures last week.
10 year yields lower. Gold little changed. US yield recover as do US stocks The European major stock indices are ending the session lower with the German Dax leading the way. Trade concerns and immigration problems in Germany, have investors nervous. The German Dax is now down on the year (down about -0.6%).
Latest data released by the Swiss National Bank – 18 June 2018 Prior week’s release can be found . here A slight increase in domestic deposits last week, but overall little changed. Nothing much to gather from the release here.
Trades at session highs The S&P and Nasdaq are staging a little recovery after the swoon in early trading and trades at the day highs. The Dow is down -182 points. It lags the broader indices.
Dollar index tries for another attempt to hold a firm break above the 95.00 handle Resistance is seen at the October high @ 95.150 for the dollar index, and that will be a key level for buyers to breach if we are to see accelerated momentum in the dollar (and likely downside in EUR/USD).