Speaks on Brexit and G7 UK’s May is in Canada and weighing in on Brexit and G7. On Brexit: On G7:
The jobs were not great but the wages impress the market The USDCAD trades near the lows for the day and is also close to a triple bottom on the hourly chart from yesterday’s trading at 1.2935. The low today just reached 1.2936 so far. A move below, would also take out the 38.2% of…
Italy is the weakest on the day The European major stock indices are ending the week with declines: The Italian market fell on the back of Bank of Italy’s Visco comment that “Uncertainty on government measures halts investment”.
Up after the inventory data today The Atlanta Fed GDPNow forecast for 2Q GDP growth moved to 4.6% from 4.5% last. In their words today: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 ison June 8, up from 4.5 percent on June 6. After this…
I just can’t help myself. It is so fun. The Family Photo has been taken and all seem happy. It certainly is a beautiful backdrop and a gloriously sunny day.
No big surprise The reason: We can’t be really surprised. The US stock market is not all concerned:
Speaks about summit with N. Korea He said: The meeting lasted about 10 minutes. Of course before the meeting today, the comments from Macron were not as “diplomatic”:
Below estimate of 865 The Baker Hughes rig count for the current week showed oil rigs moved up 1 rig in the current week to 862 from 861 last week. That was lower than the 865 expected.