Chinese President Xi Jinping will deliver a speech today at the Boao Forum for Asia (an annual summit). Markets are watching for comments on trade issues, and of course economic reforms.
Canadian consumers slipping? At some point the tide will go out on the Canadian housing market and that’s when we will find out how leveraged borrowers are. I was reading stories on the weekend about people who were continually re-mortgaging their homes during the boom to fund their lifestyles and racking up credit card debt…
Comments from foreign affairs secretary Luis Videgaray This reiterates much of what we’ve already heard today. A deal isn’t coming this week but it’s likely this month.
Moody’s affirms Brazil’s rating at BA2 – reflects credit strength, offsetting weak fiscal metrics – Says next administration will pass reforms to stabilize debt metrice over medium term BRL not showing too much response to the announcement, its been on the softish side overnight:
New Zealand Institute of Economic Research (NZIER) business survey for Q1 2018 This preview of what to watch for via ASB: — And, via Westpac: — Earlier posts from Greg on the NZD:
Reports in Turkish media (CNN in Turkey) – USS Donald Cook is a destroyer armed with Tomahawk cruise missiles – Currently off the coast of Syria – Is being harassed by low-flying Russian warplanes Delicate times indeed. Let’s hope cool heads are in charge on both sides.
This is getting quite comprehensive indeed – firs it was Cohen’s office Then his home Now his hotel room also (WSJ reports, may be gated) What about his car?
Earlier news that FBI raids the office of President Trump’s personal lawyer Michael Cohen The FBI has also raided Cohen’s home – ‘law enforcement source’ cited by Reuters
Forex news for NY traders on April 9, 2018. A snapshot of other markets near the end of day is showing: – Spot gold up $2.87 at $1336. The precious metal traded lower and higher with the USD and is closing higher on the weaker greenback. In the US debt market, yields are ending mixed.…
Here we go, this in the Scottish press (front page of tomorrow’s The National): What’ll it be called? ps. This is unlikely to impact today’s GBP trading, K?;-)