Good Morning everyone! Here are the main points for today by Marshall Gittler: • #Risk-off mood continues – Equities around the world lower – US bond yields, Fed Funds expectations fall – This despite relatively good #US economic news : #JOLTS survey higher than expected, US consumer credit surges again • #USD relatively unchanged – Higher vs #NOK, lower vs #NZD, #JPY and #AUD • Focus today is on minutes of June #FOMC meeting – Want to understand better why members raised their rate forecasts – Expectations now for a dovish feeling after two Fed presidents overnight came out with relatively subdued statements (inflation may trend lower, growth not likely to hit 3%) • Today: – Sweden: #Unemployment rate for June – Canada: Housing starts
Posted on: Wed, 09 Jul 2014 05:49:28 +0000
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