China May CPI and PPI data due at 0130GMT on 9 June 2018 CPI – expected 1.8%, prior 1.8% PPI – expected 3.9%, prior 3.4% Preview, this via Nomura, just a quickie:
BoP Current Account Balance for April 1845.1 bn yen BoP Current Account Adjusted 1885.5bn yen Trade Balance BoP Basis 573.8bn yen Most attention on the GDP data:
Forex and Bitcoin news for Asia trading Friday 8 June 2018 There wasn’t much movement on the FX today but there was plenty of action ahead of the G7. In a nutshell President Trump is further isolating himself from the other 6, with differences on Iran, trade, climate, and more. Trump will leave the summit
Best. G7. Ever. Earlier:
China May trade data in US dollar terms now – Imports +20.6% y/y (+18.0%) Earlier:
United States Secretary of Commerce Wilbur Ross on the offensive ahead of the G7 too Headline via Bloomberg. Dunno what Ross is on about. Maybe he just woke up from a nap and is babbling or something. We’ve all been there.
China trade balance for May is CNY +156.51bn for a miss on estimates Exports +3.2% y/y in at a beat though, which is not too bad Imports +15.6% y/y and also a beat, a big one!
Lazard CEO Ken Jacobs says he is concerned US isolationism could undermine the dollar’s status as the world’s reserve currency Jacobs in a Bloomberg Television interview
Japan Automaker’s Association chairman Toyoda says has strong concerns about possible US. auto tariffs I bet he does …. More:
Former Federal Reserve Chairman Ben Bernanke was speaking at the American Enterprise Institute, a Washington think tank – this via Bloomberg – U.S. economic growth could face a challenging slowdown