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
Latest data released by Markit/Halifax – 7 June 2018 Slight delay in the release by the source. That’s a beat on the monthly estimate, but the 3m/y estimate is within expectations. Not a major data point, a general take on the housing market in the UK.
Market commentary by BNP Paribas That’s a bit more hawkish than what the market is currently expecting with regards to the ECB rate hikes. The market is expecting the ECB to hike rates, but majority are expecting a 10 bps rate hike as early as June 2019 but more realistically during Q3 2019.
Carrying over the sentiment from Asian stocks A bright start to proceedings, . Seems like there’s a problem with the opening for the UK FTSE, no wonder why it showed little change. The opening has been delayed apparently.
Latest data released by the SNB – 7 June 2018 Prior release can be found . A dip in the reserves for May, possibly some hints of intervention there but nothing substantial.
Eurozone bond yields continue to inch higher This is of course was mainly due to the comments yesterday from ECB officials which in overnight trading as well. And we’re seeing more of an extension in today’s trading right now.