Australia’s RBA head warns about Chinese debt – Australian Financial Review

Australia's Reserve Bank of Australia head, Philip Lowe, spoke on Wednesday about the hazards posed to Australia from China due to the interconnected nature of their economies, as noted by the Australian Financial Review. Lowe has appealed for calm over Australia's increasingly trouble ...

Japan Foreign bond investment up to ¥948.9B in May 18 from previous ¥827B

Japan Foreign investment in Japan stocks down to ¥99.1B in May 18 from previous ¥126.3B

Trump’s new US auto tariff proposal to weigh on risk

The WSJ has run an article in recent trade which could be a weight on market sentiment as trade war risk comes back to the fore. "The Trump administration is looking into using national-security laws to impose new tariffs on vehicle imports, according to administration officials an ...

FOMC minutes: all set for a June hike, no clear signal for H2 2018 – Nomura

Analysts at Nomura noted that in the May FOMC minutes the Committee indicated that they expect to raise rates again at next month’s meeting. Key Quotes: "However, in our opinion, the minutes did not send a clear signal regarding what the Committee expects to do in the second-half of th ...

USD/TRY retreats on much-needed intervention after Lira plummets past 4.925

Turkish Lira halts free-fall as central bank steps in to halt decline. Turkish president Erdogan is threatening to take greater control of monetary policy post-election. The Turkish Lira has bounced from central bank intervention after a scorching run down the charts, and the USD/TRY is bac ...

New Zealand Imports above expectations ($4.65B) in April: Actual ($4.79B)

New Zealand Trade Balance (YoY) came in at $-3.76B, above forecasts ($-3.77B) in April

New Zealand Exports above forecasts ($4.85B) in April: Actual ($5.05B)

New Zealand Trade Balance (MoM) came in at $263M, above forecasts ($200M) in April

Market wrap: FOMC minutes, a few lines stood out – Westpac

Analysts at Westpac offered a market wrap. "In the FOMC minutes, a few lines stood out: (1) A strong hint re the 13 June meeting, "it would likely soon be appropriate for the Committee to take another step in removing policy accommodation"; (2) There seems to be a lack of urgency t ...

President Erdogan says Turkey needs to be run like a company

Turkey's President Erdogan spoke today, explaining that Turkey's government should be run "like a company", focused on being profitable and having successful operations. Erdogan is looking to seize further control of monetary policy in Turkey after he wins a shoe-in re-electio ...

Canada blocks Chinese takeover of Aecon

The Canadian government has blocked a takeover of Canadian construction company Aecon Group by a state-run Chinese company. The federal government conducted a national security review of the takeover bid, and moved to block the deal on Wednesday.  

Trump ponders new tariffs on foreign vehicles – Wall Street Journal

As reported by the Wall Street Journal, US President Trump and his administration are weighing possible tariffs on imported vehicles, citing national security concerns. The Trump administration has leaned on the Section 232 provision frequently, using the national security measure to impos ...