The Day Today 10th June 2019

– Trump says Mexico deal reached (Friday) and added there was more to the deal (Sunday), tariffs indefinitely suspended
– Mnuchin accuses China of letting its currency weaken to offset tariffs
– Boris Johnson, UK PM favourite, says will cut income tax
– Japan Q1 GDP 2.2%, slightly higher than first estimate
– China gold reserves rise and total reserves rise $6bn vs f/c fall of $5bn
– China exports rise unexpectedly
– South Korea/UK trade deal
– Italian PM says ruling parties must compromise with the EU over budget

Mexican news from Trump saw the peso rally and Asian equities also rose on the news. Week ahead sees China consumer and producer prices, industrial production, retail sales and trade data; US has consumer prices, retail sales and IP; UK GDP, unemployment and first Conservative party leadership ballot; Turkey interest rate decision

On this day in 1829 the first Oxford v Cambridge Boat Race took place

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.