A recap of Tuesday’s trade It didn’t feel like there was a lot going on in the market on Tuesday, but as the dust settled, we got a glimpse of the type of direction financial markets should be headed in with monetary policy normalizations kicking in, trade wars ramping up, geopolitical risk on the rise…
The final reading on the services sector The ISM non-manufacturing index is due at the top of the hour. The upside surprise and series high bodes well. The US dollar is higher on the headlines.
Report from the UK Times The UK Times political correspondent Henry Zeffman says in a tweet that: – Labours Corbyn will table internal market amendment to the withdrawal bill, customs bill and trade bill
The screws are to be tightened apparently US Sigal Mendelkar, the Under Secretary of the Treasury for Terrorism and Financial Intelligence – is on the wire saying:
Trump might not think that… A Canadian government official is on the wires saying: – NAFTA is a trilateral agreement and that Canada will continue to negotiate that agreement Larry Kudlow said earlier that Trump was moving toward bilateral talks on NAFTA.
Senators from both parties behind it Trump may lose Section 232. Republican Senate foreign relations chair Corker said that Republican and Democratic Senators will introduce a bill to force Trump to obtain congressional approval for imposing tariffs on national security grounds.
Closing changes for the main bourses: Italian shares had been higher for most of the day but tumbled after Conte’s speech. Italian 10-year yields are up 23 basis points to 2.77%.
Bloomberg headline I don’t think too many people were expecting any kind of breakthrough anyway.
US Business Roundtable’s quarterly survey declines for 1st time in 2 years Following a dip in the US Business Roundtable in the current quarter to 111.1 from 118.6 (a record high), Chair of the committee Jamie Dimon, said that although the US economy is “broad based” and the recovery could last for “another 1 to…
The latest on trade negotiations The WSJ that China offered to spend almost $70 billion on US agricultural and energy exports in exchange for abandoning tariffs, citing people familiar.