According to South Korea’s trade ministry The ministry said that it notified WTO that it may suspend some concessions on tariffs on imported products from the US, after the tariffs implemented by the US earlier in the year on washing machines and solar panels .
It is the third trading day that the pair has failed to break the last June high-turned support level When something just refuses to go lower, it’s going to bounce back up eventually. That’s the case with AUD/NZD today.
Russian energy minister on the wires 6 April – doesn’t rule out that OPEC and non-OPEC nations may revise oil output quotas at June meeting – wider co-operation agreement with OPEC could be indefinite Oil prices moving a little higher again on the talk of extended output deal terms.
Latest data released by Markit – 6 April 2018 More soggy readings for Eurozone data. The headline and France’s reading is the lowest in a year, while Germany’s print is the lowest in five months.
Headlines via Reuters Citing a government official on the matter. The briefing will be from the Chinese commerce ministry. No details are given on what else the briefing will be about. I highly doubt there is already a comprehensive plan on retaliatory measures so it’ll likely be a reiteration of their recent comments over the…
Some comments in an email statement by China’s mission to the EU Well, that puts the EU in a bit of an awkward spot. The thing here is that the US is certainly never going to go after the EU like they are with China, so that means the EU can respond however they wish…
UBS Wealth Management CIO closes Eurozone equity overweight vs the UK The reason cited for the change in view is that they believe that the “peak of Eurozone growth acceleration appears to have passed”.
Latest data released by Markit – 6 April 2018 Slight delay in the release by Markit. That’s quite a drop though. Markit is attributing the fall due to bad weather:
Soggy tones on the official openings 6 April – FTSE -0.3% – DAX -0.5%
It’s not just the data we have to keep an eye on at 12.30 GMT 6 April Large option expiry interest at loom to the topside and will feature prominently if we get strong data and a decent USD+ move from current levels of 1.2790