UK Brexit minister Davis out on Reuters 12 April “Virtually nothing” = we hope, but we don’t really know yet – will have a good idea if there is going to be a Brexit deal by end of this year Exactly. Thanks for popping by Mr D. It’s been really informative. Not.
Comments by Germany’s economy ministry in its monthly report Some acknowledgement at least that recent data from Germany (and the Eurozone for that matter) hasn’t been as robust as they initially thought.
Some comments by China’s state council – 12 April 2018 The usual stuff from Chinese authorities. We’re still awaiting China’s March M2 money supply and credit growth data as Eamonn primed earlier in the week .
NZD races to the top of the major currency bloc again It’s been a this week that no matter what the situation, the kiwi just wants to head higher. recurring theme
Eurozone’s disappointing streak of economic data is good news, according to Citigroup’s strategist Jonathan Stubbs Stubbs makes reference to the Citi economic surprise index as an indicator to enter into long positions in European equities.
A tepid and cautious start to proceedings in Europe A slow opening, but that seems to be the theme for the day so far in markets everywhere so far today. Geopolitical risks continues to keep markets on edge, and that’s likely to carry on until US trading.
Your daily thread to exchange ideas and thoughts – 12 April 2018 Lots going on still and a big day ahead for many reasons. USD generally softer still so how are you playing it all at the moment? Happy to job for a few pips? Plenty of opportunities there.
Headlines via Bloomberg The US has been calling for the EU to impose new sanctions on Iran, and the 12 May deadline still remains the key date for any international sanctions/deals with Iran.
UK Brexit minister Davis still spouting forth 12 April Yet. Cabinet meeting called for today though so we shouldn’t have to wait long to find out. – we have to make a very careful very deliberate judgement on Syria Back to Brexit:
The spread between 2y and 10y Treasury yields reaches its lowest point in more than a decade The spread touched a low of 45.69 basis points in yesterday’s trading and today remains near the lows today as well. That’s the lowest level we’ve seen in the spread since 2007 – before the last recession kicked…