Latest data released by the Swiss Federal Statistics Office – 13 June 2018 Slightly lower monthly growth estimate relative to April, but the yearly estimate continues to track higher. And that goes in line with the improving inflation figures in the Swiss economy. A minor data point, but at least shows the continuous uptrend in…
Mixed tones once again in the equities market Minor gains and losses across the board. Traders and investors are all looking a little bit disinterested so far today. The same tones are being seen in the currencies market and the fixed income market – with only Italian bonds being the prime mover so far.
IEA providing some detailed forecasts for 2019 as well A bit of a balanced take by the IEA, but if anything it continues to highlight the growing US shale output – which is foreseen to cover up the drop in supplies by other OPEC members. Though, I’m sure Saudi Arabia would be more than happy…
Comments by the German economic ministry in its monthly report Domestic conditions remain solid no doubt, the issue with the German economy to start the year has been trade. And with further disputes with the US and potential hit towards the autos market to come, the outlook isn’t looking all too bright.
Pres. Trump gets on OPEC…. Crude prices are lower by about -$0.30 currently. The price has traded above and below the $66.00 level today for the front futures contract. The high reached $66.34. The low extended to $65.52.
YoY comes in at 4.5% vs 5.6 % last The Teranet/ National Bank HPI rose by 1.0% in May vs. 0.2% last month
US PPI data for May 2018 The US PPI data from May came out Higher than expected The numbers are hotter than expected and could be reflective of a pipeline of price increases for consumers down the road. The FOMC is expected to increase rates by 0.25% to 1.75%-2.0% range at 1 PM ET today.
Is the Fed walking down a path where the end of the rate hike cycle is near? The FOMC meeting today will be one of the more interesting ones in my view. Maybe not in terms of immediate repercussions but it will certainly entail a lot of consideration as the Fed moves forward with their…
Forex news from the European trading session – 13 June 2018 Headlines: Markets: – NZD leads on the day, GBP lags behind – European equities mostly higher, Italy MIB leads gains
According to Bloomberg, citing people briefed on the discussions of OPEC members One of those proposals would be two 500k bpd increases in production, while another is a one-off increase of between 500k – 700k bpd in production.