The Day Today 9th May 2019

  • Trump tells a rally in Florida China “broke the deal”
  • Bank of Japan Gov Kuroda says “confidence in the central bank’s policy is a big factor behind market trust in the country’s currency”
  • Reserve Bank of New Zealand’s Gov Orr was in front of a parliamentary committee talking about their cut, global growth and export prices  were the main drivers
  • Brexit, the customs union being discussed by May and Corbyn is not a soft option as economists say it would have a £80bn hit over 10 years, NIESR report
  • Asian equities along with US equity futures as trade tensions hit over Trump’s comments
  • China consumer inflation rose to a 6 month high due to increased pork prices caused by the swine fever outbreak
  • Takeda, Japanese group, agrees to sell eye drug Xiidra to Novartis for $5.3bn
  • South African election count, the ANC is expected to have a much reduced majority
  • The Reserve Bank of Australia circulated millions of A$50 dollar notes with the word “responsibility” misspelt “responsibilty”, three times

US trade data released today, with CPI tomorrow. The A$ fell as it’s a proxy for China growth and the ¥ rose as it’s a safe haven amidst the escalating US/China trade tensions

On this day in 1386 the Treaty of Windsor was signed between Portugal and England, the oldest diplomatic alliance in the world still in force today

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