The Day Today 6th November 2019

– US/China trade deal rests on the US withdrawing tariffs it slapped on $360bn of Chinese imports since summer 2018, the US is considering withdrawing some
– New Zealand Q3 unemployment 4.2% vs f/c 4.1%, chances of rate cut next week edge higher to 60%
– Japan services sector contracted for the first time in three years, Jibun Bank services PMI 49.7 from 52.8 last
– UK parliament was dissolved in the early hours of this morning and general election campaigning officially begins, all candidates will be known by November 14th, so far 66 MPs have said they will not seek re-election, here’s an FT guide to the most marginal seats
– Fed’s Kashkari (non-voter, least important and most dovish member of the FOMC) said monetary policy “mostly accommodative”
– Hong Kong Exchanges and Clearing reported quarterly earnings fall, net income fell 9.5% yoy
– Postal Savings Bank of China plans a Rmb 32.71bn ($4.7bn) share sale in Shanghai, the largest equity share sale on maninland China in four years
– for all you millenials out there, apparently alcoholic fizzy water, “spiked seltzer“,  should be your drink of choice, low on calories and artificial ingredients

Nasdaq and Dow closed at record highs. Asian equity markets were slightly lower this morning, basically treading water awaiting fresh trade news
Earnings today include SoftBank, BMW, M&S. Data today includes German Factory Orders and Eurozone Services PMIs. Fed speakers include Williams at 2:30pm and 11:30pm

The Week That Will Be

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