WH National Economic Council Economist Kudlow to spread his bullish dust again Just a heads up…. The White House national economic Council economist Larry Kudlow will be on CNBC shortly. He has a way of goosing the market in his short history in that role.
As global war tensions increase, stocks wilt but activity is relatively quiet Missiles flew over Saudi Arabia. Trump spoke of his own missile strikes in Syria. Each helped to keep a lid on the stocks.
White House statement on Syria: – Trump holds Russia and Syria responsible for Syria chemical attack – White house says final decisions on a possible Syria strike have not been made, number of options remain on table
The real battle in the trade war is the World Trade Organization The WTO is the arbiter of global trade. If you believe that someone is breaking the rules, they decide and can authorize countervailing tariffs.
Plenty of central bank speeches on the agenda today, and much else besides 2245GMT – New Zealand – Card Spending for March on inflation and targeting 2301 GMT – UK house price data for March
Forex news for NY trading on April 11, 2018 Intro Paragraph Text Here. In other markets today the snapshot near the end of the day is showing: – Spot gold is trading up $12.83 at $1352.28. It was up as much as $25 but backed off into the close. US stocks end lower:
White House National Economic Council Director Kudlow speaking on CNBC goodonya Laz, thanks — Given President Trump was keen to kick out Yellen and anoint Powell its hardly surprising that the White House is (publicly at least) expressing support for the central bank.
I posted on this special meeting earlier, here Confirmed now – UK PM May says it is to update ministers after fast-moving week (actually its to get Cabinet approval to join attacks on Syria, innit?)
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US bank regulators propose easing capital key rule designed to restrict bank leverage Jut noting this potential easing in capital requirements … might give the Fed something more to consider in pondering the pace of rate hikes (i.e. likely indicates faster hiking …. bya little anyway … at the margin I guess