ICYMI yesterday, the EU is planning to trade with Iran, fuggedaboud the sanctions:
Pompeo has come out against the plan (not surprisingly)
Now Bolton joining in the protest
Forex news for North American trade on September 25, 2018
– Gold up $2 to $1201
– WTI crude up 21-cents to $72.29
– S&P 500 down 4 points to 2915
It wasn’t the most-enthusiastic market but that’s not a big surprise with the Fed coming up on Wednesday. There was a solid move in GBP and a grind elsewhere.
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UK Prime Minister Theresa may will speak with business people in NY Wednesday
Reuters report on the contents of her speech:
– her government will be "unequivocally pro-business"
A draw was expected according to the survey of analysts
A mix of Italian politics and fiscal news, what could possibly go wrong?
Italian politics and budget wrangling is only just get started. Watch for impacts on the euro if it gets real ugly.
Dow lags again
The US stocks are ending the day mixed with the Nasdaq leading the way:
NZD traders heads up
for the ANZ survey at 0100GMT
Ahead of that
2245GMT New Zealand
trade balance for August
– expected deficit of 925m, prior -143m
– exports expected 4.40bn, prior 5.35bn
0100 GMT New Zealand
ANZ Business Outlook Survey
EU trying to find a way to continue to trade with Iran
European countries don’t want to leave the Iran nuclear deal but they also don’t want their companies facing US sanctions.
There are two oil inventory survey data points from the US, one on Tuesday afternoon (that is coming up at the bottom of the hour) and the official one due Wednesday morning US time