Hints and tips:
...currency ahead of critical elections in May....
...In the UK, we have never had such a poor record, including abrupt U-turns, in macroeconomic management....
...Haven currencies rallied, while the currencies of oil-exposed countries came under heavy pressure. Japan’s benchmark Topix closed down 5.6 per cent, meeting the technical definition of a bear market....
...It was quickly forced into a U-turn. This time, inflation expectations appear to be well-anchored, at least for now....
...Europe and the U.S....
...Perhaps the U-turn becomes a traffic roundabout for markets....
...With Turkey’s foreign debt at $466.7bn (as of June 2018) or 54 per cent of GDP, the weak currency poses a high risk in terms of hard currency interest payments....
...In addition to Mrs May’s shocking loss of seats, the other big loser of the night was in Scotland, where the SNP saw its total drop from 54 seat in a night of drama with both the party’s leader in Westminster...
...) at 19,864 Nasdaq up +1.07 (+0.02%) at 5,615 European markets Eurofirst 300 down -10.20 (-0.71%) at 1,421 FTSE100 down -19.33 (-0.27%) at 7,099 CAC 40 unchanged 0.00 (0.00%) at 4,749 Dax unchanged 0.00...
...€/$ 1.06 (1.06) $/¥ 114.39 (114.01) £/$ 1.26 (1.26) €/£ 0.8442 (0.8433) Commodities ($) Brent Crude (ICE) up +0.20 at 54.09 Light Crude (Nymex) up +0.33 at 51.17 100 Oz Gold (Comex) down -1.10 at 1,169...
...On currency markets, the yen gained 0.4 per cent to reach ¥115.54 per dollar. The dollar index was down one-quarter of 1 per cent at 101.69....
...so-called commodity currencies....
...“I enjoy my job,” the 54-year-old says....
...(-0.14%) at 6,127 CAC 40 down -22.78 (-0.49%) at 4,615 Dax down -41.33 (-0.39%) at 10,551 Currencies €/$ 1.10 (1.10) $/¥ 121.76 (121.40) £/$ 1.52 (1.52) €/£ 0.7238 (0.7262) Commodities ($) Brent Crude...
...(prior 0.7%)0930: U.K....
...First-quarter productivity figures are also due from the Office for National Statistics. 0845: Italy June Manufacturing PMI; est. 54.3 (prior 54.8)0850: France June Manufacturing PMI; est. 50.5 (prior 50.5...
...A second trader responds: “ill take it if u dont want it”. The first trader replies: “lets double team it . . . how much u got?” and they jointly agree a trading strategy....
...(The New Yorker) Amazon deforestation seen from the air: in pictures (The Telegraph) ** Markets: Up ** Emerging Markets MSCI Emerging Market Index up +0.59% at 987.54 Americas DJIA up +1.31% at 16,615...
...Today, he points out that emerging market currencies are “falling like knives”, hurting those with large operations....
...Our survey found that respondents owned an average Rmb6.6m of foreign assets, with 54.5 per cent of respondents reporting overseas portfolios of more than Rmb6m (see chart 2)....
...(Financial Times) “U.S. authorities are investigating London-based Standard Chartered for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according...
...Pushing the planned spending cuts through parliament is likely to prove more problematic, as witnessed by the recent U-turn on tax credits....
...Indonesia’s currency added 0.4 percent versus the dollar before the result of presidential elections is announced. Corn slumped 1.3 percent on U.S. production. Natural gas slid 1.9 percent.”...
...Markets: “Asian stocks rose, with a gauge of Chinese shares in Hong Kong heading toward a bull market, while Treasuries and oil slipped as investors await data on U.S. services before the Federal Reserve...
...Currencies €/$ 1.35 (1.35) $/¥ 102.02 (102.35) Commodities Brent Crude (ICE) up +0.51 at 110.03 Light Crude (Nymex) up +0.22 at 104.57 100 Oz Gold (Comex) up +4.60 at 1,264...
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