UK FTSE, the biggest loser The European major stock indices are ending the day with lower levels. In the 10 year not sector, yields are trading unchanged to up a little
Atlanta Fed tracker The days of +5% GDP in the first quarter are long gone. As we inch closer to first quarter GDP, the estimates continue to slide. Today, the Atlanta Fed lowered its Q1 tracker to 1.9% from 2.0%.
Statement issued the Canadian PM with the G7 statement on the missile attacks on Syria – G7 rubber stamps it, np (that’s not the statement, but you get the gist)
A big day for AUD traders coming up with China first quarter growth announced 2100GMT – NZ house prices (REINZ) for March 2330GMT – Australia – ANZ Roy Morgan weekly consumer sentiment, prior 115.1
WSJ reports The WSJ is reporting that Pres. Trump is walking back plans for more economic sanctions on Russia. UN Ambassador whispers to Pres. Trump some thoughts….
January to March economic growth data is due from China 17 April 2018 at 0200 GMT, along with other data A couple of bank previews GDP y/y March data from China:
Amazon shelves plans to get into the drug business CNBC is reporting that Amazon has put its plans to sell pharmaceuticals on hold. That’s giving a lift to any company in that line of business.
Wall Street Journal reporting that the U.S. is examining ways to retaliate against Beijing’s restrictions on U.S. providers of cloud computing and other high-tech services
USD/JPY nears session low There’s a minor divergence underway today with stocks rising and USD/JPY falling. The S&P 500 is up 23 points and testing Friday’s intraday high of 2680. Meanwhile, USD/JPY is a couple pips above the session low of 107.13.
White House notes the list This is what happens when you let the White House press corps cover economic news. The Whitehouse spokesperson was jibber-jabbering like she usually does today and noted that China was on the currency manipulator watch list.