US: May CPI Preview – Nomura

Analysts at Nomura explained that the Core CPI inflation slowed in April to 0.1% (0.098%) m-o-m, partly due to transitory factors such as lower airline fares, physician services prices and recreation services prices.  Key Quotes: "We think that some of those transitory factors waned i ...

Japan Current Account n.s.a. below forecasts (¥2096.5B) in April: Actual (¥1845B)

Japan Bank lending (YoY) came in at 2%, below expectations (2.2%) in May

Japan Gross Domestic Product (QoQ) came in at -0.2% below forecasts (-0.1%) in 1Q

BoJ may consider cutting inflation forecasts – Nikkei Asia Review

As reported by the Japanese Nikkei Asia Review, the Bank of Japan (BoJ) could be considering cutting its inflation forecast further, after taking off the target date for achieving its 2% target back in April. Key quotes "The Bank of Japan … could downgrade its price forecasts for fisca ...

AUD/JPY back into 83.50 ahead of China’s Trade Balance release

Aussie falls on disappointing Trade Balance figures, eyes turn to China trade numbers for bullish hopes. The pair's technical channel is continuing to control prices, punching in another rejection from resistance. The AUD/JPY is trading near 83.60 after a bumpy Thursday session that too ...

G7 leaders divided on Trump tariffs ahad of key group summit – Reuters

As reported by Reuters, G7 leaders are increasingly divided over trade and tariffs, with key leaders from several nations appearing to be unwilling to stand up to the US trade policies while others are warning of increasing blowback. Key quotes "In a bid to rebuild America’s industry ...

White House Analysis finds tariffs will hurt growth – New York Times

As reported by the New York Times, White House analysis has found that President Trump's tariffs will hurt growth, even as administration officials insist otherwise. Key quotes "A White House economic analysis of President Trump’s trade agenda has concluded that Mr ...

NZD/USD: looks set for another subdued day, eyes on G7 and trade

As the New Zealand markets get underway, Wellington starts off at 8902 points, slightly firmer than expected, and a brave start considering the risk-off environment ahead of the G7 that could prove to be contentious considering the recent turn in rhetoric and tariff announcements from th ...

review of the latest key data from overnight – Nomura

Analysts at Nomura offered their review of the latest key US data from overnight. Key Quotes: "Initial jobless claims: Initial jobless claims declined 1k to 222k in the week ending 2 June, another solid reading. The four-week moving average increased marginally to 226k. Continuing claim ...

Peru stocks lower at close of trade; S&P Lima General down 0.56%

Investing.com – Peru stocks were lower after the close on Thursday, as losses in the Banking&Financials, Non-Metal Minerals and Industrials sectors led shares lower. At the close in Lima, the S&P Lima General fell 0.56%. The best performers of the session on the S&P Lima General were ...

Wall Street stocks mixed ahead of Group of Seven summit

The 44th G7 (Group of Seven) summit will be held on June 8 and 9 in Quebec, Canada and talks will essentially revolve around recent trade war tensions. Trump said he would invite Kim Jong Un to the US if the Singapore summit goes well.  The three main indices ended the day mixed o ...

Market wrap: Italy is still a risk for investors – Westpac

In their market wrap, analysts at Westpac argued that Italy’s new government clearly hasn’t calmed all investor nerves, as Italian bond yields surged, including 28 basis points on the 2 year bond and 12bp on the 10 year, back above 3%, noting, however, that there was no sign o ...

Funda-FX wrap: watching the bond run-off and implications for FOMC

From a fundamental perspective on Thursday, it felt like traders were gearing up for the G7 meeting and indeed the triple whammy of central banks next week, while, not least, the historic summit between Kim Jong-un & Donald Trump. In respect to the G7, it could prove to be contentiou ...