Up 0.40% for the broad market The US stocks are open for the week and the broad indices are higher by about 0.40% – The S&P is up up about 11.3 points or 0.41% at 2746. Last week, the index tested its 100 day MA at 2710 area but Friday’s post NFP run up pushed…
IMF comments on France – “France has now become a reform leader in Europe” – French gov’t has yet to fully specify how its ambitious fiscal targets will be achieved The consensus for French GDP this year is 2.0%, down from 2.2% in 2017.
Trump is busy on twitter today Trump has tweeted on just about everything today, including trade. “China already charges a tax of 16% on soybeans. Canada has all sorts of trade barriers on our Agricultural products. Not acceptable!”
Economic data coming up Happy Monday everyone. The euro is near the best levels of the day as worries about Italy and Spain fade. The US dollar is the weakest performer as it starts .
According to Bloomberg Expect this to be a bunch of hooblah in which the UK government throws a handful of things at the EU and hoping at least one of it sticks. My guess is that none would.
Forex news from the European trading session – 4 June 2018 Headlines: Markets: – AUD leads, USD lags on the day – European equities higher on the day, IBEX leads gains
German chancellor Angela Merkel and ECB president Mario Draghi had private talks in Berlin today A German government spokesman said the meeting is not public and that this was part of an ‘exchange of views’ between Draghi as well as other heads of European institutions. The spokesman declined to comment on anything else pertaining to…
The 0.7649-59 stalls the rally The AUDUSD is trending higher in trading today and has stalled near a swing area and the 61.8% of the move down from the April 19 high. That area comes in at 0.7649-59. The high reached 0.7666 and has backed off a bit. Has the trend reached its peak?
ECB member Ewald Nowotny speaks in Vienna Nothing else so far from Nowotny. He’s at a EU conference in Vienna. But from the looks of it, may not be touching on monetary policy and more to do with EU issues in general.
ECB president Mario Draghi was due to speak tomorrow The ECB has cancelled the event tomorrow (details ), saying that Trichet is unable to participate in said event.