Comments by Japanese chief cabinet secretary Yoshihide Suga as he speaks in Tokyo Japan is planned to go through with a sales tax hike in 2019. In case you need a refresher, the sales tax hike in 2014 didn’t go down too well as the economy entered a technical recession in the months after its…
Previously forecasted the ECB to raise rates in June 2019 No details that I can see yet apart from the headlines, but I reckon if anything, it has to do with the slowdown in growth that we have been seeing in the Eurozone to start the year.
Daily thread to exchange ideas and to share your thoughts – 13 April 2018 It’s Friday the 13th! Already we have lots going on with cable testing the year’s highs again and AUD/USD closing in on key resistance levels. Meanwhile, the euro continues to sleep in along with most other major currencies on the day.
Deutsche Securities on the US dollar against the yen, this via Bloomberg – Markets driven by Trump’s Twitter messages rather than economic indicators or fundamentals
China trade data hit earlier: China Q1 trade balance data: 326.1bn yuan surplus China has recorded a huge rise in imports from the US for the first quarter of the year
Data for the January to March quarter out from China (all in yuan terms) – Trade balance is a 326.1bn yuan surplus – Exports +7.4% y/y – Imports +11.7% Strong figures for Q1, but of course the trade dispute with US may weigh on exports going into the next quarter.
US President Trump goes postal: – signed an executive order establishing a task force to study the United States Postal System – USPS is on “an unsustainable financial path”
Only today are we starting to see sales tax commentary begin to cross the wires again Its been a while indeed. This from earlier: Japan Business Federation says should consider raising sales tax even higher Now, from i Japan chief cabinet secretary Suga:
Chinese Q1 trade data showed showed a stark rise in imports growth Eamonn had the data earlier . Import figures came in at +11.7% y/y in yuan terms, and +14.4% y/y in dollar terms.
The Australian dollar leads gains among the major bloc to day According to the bank’s head of FX strategy, Ray Attrill, the stronger-than-expected Chinese import figures seem to have helped the aussie today.