The Day Today 7th June 2019

– US/Mexico talks, significant changes to asylum rules being discussed but tariffs loom
– Fitch cuts Mexican state oil company debt to junk yesterday, a day after cutting govt rating
– China has “tremendous” room to adjust monetary policy if trade war deepens, PBoC governor says
– UK by election Labour hold seat by 683 votes against Brexit Party
– Japan data: wages fall, household spending slows
– Australian ombudsman rules Uber drivers not employees
– UAE tells UN security council “state actor” behind May 12 attacks
– Oil prices rise as US tariffs on Mexico may well be postponed and signs of OPEC production cuts

Asian equities take heart from US equities and Pence comment that he is “encouraged” with US/Mexican trade/immigration talks. US NFP later, with trade tensions and the Fed willing to act accordingly, the market will be looking for signs of weakness

On this day in 1929 the Vatican City became an independent state with the Lateran Treaty between the Holy See and Italy. It is the smallest sovereign state in the world

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Your email address will not be published.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.