The Day Today 11th June 2019

– China sets yuan reference rate stronger than expected at 6.8930, average forecast 6.9089
– Australia business confidence jumps 7 from previous 0 reading, but conditions index slumps
– Fed “dot plot”, due June 19, may well be delayed in future
– Conservative leadership contest, odds still favour Boris, Hunt trailing second
– Philippines trade deficit narrows, exports increase
– AMD shares reach 13 year high, their chips will be used by the next gen Xbox
– AGL Emergy makes fresh A$3.02bn bid for Vocus after EQT dropped their bid

Trade tension relief still contributing to help Asian equities although the G20 summit June 28/29 and the run up to it may provide more trade pitfalls, failing that the market will have a possible Fed rate cut to keep them going. UK unemployment data, Norway CPI and US PPI today

On this day in 1987 Margaret Thatcher won her third consecutive general election, by a landslide. The tabloid media was supportive and The Sun ran such headlines as “Why I’m backing Kinnock, by Stalin”

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