After the May-Juncker Meeting at Downing Street, Word on The Streets of London is that there exists undeniably, a gap between Britain’s and the EU’s understanding of the ‘Brexit Rollout’. Prime Minister May is determined however, that come March 2019, Britain leaves the EU, deal or no deal. Business Chiefs in the UK have warned against Brexit…
Yesterday Monday was little active as most markets observed the Labour Day Holiday. The Core PCE figures, which is the Fed’s preferred Inflation measure, fell short of the Central Bank’s 2% target. Euro strengthened against the Dollar after weak US Factory and Inflation figures came in less than expected. Sterling weakened against the Dollar, Australian…
The Wall Street Journal reports that EY Item Club; an Economic Advisory business which provides knowledge, analysis and insight to help businesses understand the economic environments in which they operate, has stated that a lower Pound and “timely revival” in overseas markets will help to “smooth the impact of Brexit.” Japan’s NHK also reported today that…
The PMI is a Composite Index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders – 30% Production – 25% Employment – 20% Supplier Deliveries – 15% and Inventories – 10%. A higher than expected reading tends to be positive or bullish for the US Dollar, while a…
At the beginning of the weekend, despite all that China’s doing to help, Trump says “major major conflict with North Korea possible. Prefer diplomacy but very difficult.” Elsewhere, as Britain’s exit seems to be uniting the EU, Q1 Growth Data showed that Britain’s economy is slowing more than expected Month-on-Month but shows positive numbers for Year-on-Year…
EU Ministers meet at Luxembourg today to discuss Brexit negotiation guidelines. Britain of course, odes not expect to get all that it wants, but Brexit Secretary David Davis is optimistic that a global Britain will always welcome the best and the brightest. Wall Street Journal reports that the Trump Administration said it was no longer…
Investors pointed to the American Petroleum Institute’s (API) US Inventory Data, issued Tuesday, as weighing on prices. The U.S. Energy Information Administration (EIA) will issue its Inventory Data today at 10:30 AM ET. If the increase in Crude Inventories is more than expected, it implies weaker demand and is Bearish for Crude prices. The same can be…
Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending. Expected reading is -0.3% forecast against 1.7% current reading. A higher than expected reading tends to be Positive/ Bullish for the CAD, while a lower than expected…
The big news is that Nasdaq Composite crossed the 6000 mark as markets extended the Macron Rally during the Wall Street Session Tuesday. S&P 500 and Dow Jones Index both advanced as well, with the Dow rising more than 200 points. Oil slipped on bulging US Crude Inventories and Asian Indices hit close to 2…
