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[Reuters] World stocks head higher on hopes of thawing trade tensions [Reuters] Malaysian ringgit hits four-month low on market re-opening after Mahathir’s shock election win [Reuters] Fed’s Mester reiterates support for gradual U.S. rate increases [CNBC] US should watch its debt pile before ‘things get out of hand,’ Fed’s Mester says [CNBC] Italy is poised […]
[CNBC] New deadline for NAFTA could make for an interesting week in markets [CNBC] Iran sanctions will create a ‘disruption’ in the oil price and uncertainty for investments, ENI CEO warns [BloombergQ] Italy’s Populists in Marathon Talks as President Takes a Stand [Reuters] Italy’s nascent government has tough economic circles to square [FT] Four challenges […]
[Reuters] N.Y. Fed sees U.S. GDP growing at 2.97 percent in second quarter [Reuters] ‘Unauthorized transfers’ siphon funds from Mexican banks: central bank [BloombergQ] New Malaysian Leader Tightens Net Around Ousted Najib Over 1MDB [Reuters] U.S. fighter jets intercept Russian bombers in international airspace off Alaska [BloombergQ] In Iraq’s Election, It’s Hard to Avoid Iran’s […]
Much to the consternation of our allies, President Trump withdraws from the Iran nuclear deal. WTI crude adds another 1.5% (up 17% y-t-d) this week to the high since November 2014. Iran and Israel moved closer to direct military confrontation. With even 40% rates unable to staunch the bleeding, a stunned Argentine government warily negotiates […]
[BloombergQ] Global Stocks Mixed as Rates in Focus; Oil Steady: Markets Wrap [Reuters] Oil near multi-year highs as Iran sanctions tighten supply outlook [Axios] What Trump will — and won’t — say on drug prices [Reuters] St. Louis Fed’s Bullard says rates already near neutral, no more raises needed [BloombergQ] Italian Populists Bring Promises With […]
Oil Price Surges After Iran Deal, Gold Above $1300, Dollar Index Moves. This week we talk about the price of oil surging upwards with turmoil rising in the middle east. Gold continues to build a strong foundational base. The Dollar today has weakened slightly off of tame inflation numbers, stocks jumped slightly in response to […]
[BloombergQ] Dollar Drops as Treasuries Rise; Pound Hit by BOE: Markets Wrap [Reuters] Oil heads for biggest weekly rise in a month as Iran sanctions loom [Reuters] U.S. consumer prices rebound modestly in April [Reuters] U.S. weekly jobless claims hover near 48-year low [BloombergQ] Carney Says Modest BOE Rate Hikes Needed Even as Inflation Cools […]
[BloombergQ] Oil Jumps, Treasury Yield Hits 3% as Dollar Stalls: Markets Wrap [MarketWatch] 10-year Treasury yields jumps back above 3% as $25 billion auction looms [Reuters] U.S. producer prices rise slightly after recent solid gains [BloombergQ] U.S. Seeks to Quickly Curb Iran Oil After Scrapping Deal [BloombergQ] Million-Dollar Home Values Gain Even as Tax Deductions […]
