Thursday, July 5, 2018

Global Morning Highlights

  • Europe Auto Stocks rallying on speculation on an improvement of trans-atlantic trade talks Euro Stoxx 50 +1.04%, FTSE 100 +0;42%, CAC 40 +1.01%, DAX +1.34%
  • First round of US tariffs on Chinese exports to take effect July 6th, China to levy back immediately - USDCNY stronger by 3.4% over last month, Shanghai Index at lowest level since March 2016
  • US President Donald Trump criticized OPEC on twitter again, Goldman says losses in Venezuela and Iran to lead to a new rally. WTI at 74.51 Brent at 78.09. Brent - WTI spread at 3.57 in the 21st percentile over last year
  • BoE Governor Carney "Domestically, the incoming data have given me greater confidence that the softness of UK activity in the first quarter was largely due to weather, not the economic climate" GBPUSD is +0.14%


Submitted July 05, 2018 at 07:21AM by QuantalyticsResearch https://ift.tt/2KxgqQC

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