Written by Mike Dolan
LONDON (Reuters) – What matters in the United States and global markets today
The role of the bond market was high over the past 24 hours, with a group of economic readings in the United States to raise hopes to reduce the federal reserve, just as the European Central Bank is declining to reduce prices on Thursday.
I will discuss this and all the news of the market below, then in today’s column, I explore the dilemma of Switzerland’s deviation and explain why all investors should take care of what is happening with the Swiss franc.
Market accurate today
* US President Donald Trump signed a announcement on Wednesday to prohibit citizens of 12 countries from entering the United States, saying that this step was necessary to protect from “foreign terrorists” and other security threats.
* Conservative Republicans in the US Senate and billionaire Ilon Musk did not sign any sign of mitigating opposition to the tax spending law Donald Donald Trump on Wednesday, as they paid deeper discounts in government expenditures.
* The euro settled near six weeks from its highest level against the dollar before the expected interest rate from the European Bank was reduced on Thursday, while the American currency stumbled modestly from a decline after renewing data fears of slow growth and high inflation.
* Investors, consumers and policy makers justify justified the ghost of inflation fueled by the tariff later this year and beyond, but Jimmy McGiv, the column writer in Reuters, says they are strong, unlikely powerful powers that weigh heavily at the present time.
* The recent Trump administration’s efforts to reduce the petrochemical exports of petrochemical in China may eventually end with the American energy sector to harm the same amount, or more of the Chinese economy, says Reuters column writer Ron Boso.
European Central Bank to cut the hopes of the Federal Reserve
The European Central Bank is expected to reduce the main interest rate to 2 % later in the day, effectively re -inflation modification rates to zero for the first time in nearly two years as the main inflation has already returned to the target.
The big question now is whether the European Central Bank will indicate that it will stop during the summer while the mysterious world trade will fade – as the Bank of Canada did on Wednesday.
Regardless of questions about the European Central Bank coach, Christine Lagarde, she sees her full period as president, the press conference is likely to be on the possible European Central Bank plans to deal with the potential power of the euro in the future. There will also be a close interest in the European Central Bank’s signals regarding the flow of the surface flow of the public budget.
European stocks pushed up on Thursday. The euro occupied more than $ 1.14 before the European Central Bank’s decision, after the dollar fell again on Wednesday. This step in Greenback was largely driven by a series of weak readings in the American private sector jobs and the service activity for the month of May.
The shares of Wall Street ended on Wednesday unchanged, and future futures stopped today.
Also, the latest economic news has taken place for 10 years to their lowest levels in one month. The futures market market now highlights about 56 basis points to reduce the Federal Reserve for the rest of the year, while reducing the quarter -point by approximately September.
President Donald Trump lost a little time before pressing the Federal Reserve Chairman Jerome Powell to reduce borrowing costs.
Trump said in a social publication, in fact, referring to job data on Wednesday – by mistake – that Europe has reduced nine times.
The image of the tariff remained unclear, and at the same time.
There is no specific date or time for the expected invitation this week between Trump and Chinese President Xi Jinping, but Paris speaks between the American commercial actor, Jameson Jarir and his view in the European Union, it seems that Marus Sivkovic is going well despite the multiplication of a steel tariff this week.
Trump’s deadline for countries to present their improved commercial negotiations that have been approved without any concrete developments.
The new German adviser, Fredchich Mirz, will hold his first face to face with Trump on Thursday at a major meeting in the Oval Office.
Meanwhile, the fate of the “large and beautiful” financial law in the Senate remained in balance.
Conservative Republicans and Bales, Illon Musk, climbed to oppose the draft tax reduction and spend on Wednesday, as they pushed deeper discounts, as the musk escalates “the rapid corridor to slavery.”
The non -party budget budget office estimated the draft law – which will expand Trump’s tax cuts and increase spending on military security and security – about $ 2.4 trillion to a 36.2 trillion dollar debt pile.
Elsewhere, the stock index hovers all over MSCI to a little less than the highest new level ever on Wednesday, with stocks in China, Europe and the KOSPI index in South Korea, adding another 1 % at the top of 2 % gains on Wednesday after the presidential elections there this week.
Japanese Nikki dismantled the trend after another poor government bonds auction there, despite the reports yesterday that the Bank of Japan may consider slowing the public budget.
Now for the deep diving today, I discuss Switzerland’s return to contraction due to the super -Swiss francs and the broader effects of global investors.
Today’s scheme
“Big Book” said on Wednesday that the American economic activity has decreased and the high costs of customs tariffs and prices in the weeks that other federal policy makers have passed to determine interest rates. “In a row, the expectations remain somewhat pessimistic and unconfirmed,” and the report concluded. “There were wide reports on the contacts that expected the costs and prices to rise at a rate faster forward.”
Today’s events to watch
* European Central Bank Politics Resolution (8:15 am EST), economic expectations and press conference from President Christine Lagarde
* International trade balance of the United States of America (8:30 am EST), unemployed demands for the weekly work (8:30 am EST), Q1 reviews about employment and productivity costs (1:30 pm EST); Trade balance in Canada April (8:30 am EST)
* The Ruler of the Federal Reserve, Adriana Kogler, Chairman of the Federal Reserve in Kansas City, Federal Reserve Chairman Jeffrey Schmid, President of the Federal Reserve Philadelphia Patrick Harker everything. Political maker, England, Megan Green, speaks
* German Chancellor Friedrich Mirz meets US President Donald Trump in Washington
* American companies’ profits: Broadcom, LululeMon, Brown-Forman
The views expressed are the views of the author. It does not reflect the opinions of Reuters news, which, according to the principles of confidence, is committed to integrity, independence and liberation from bias.
(Written by Mike Dolan; Editing by Anna Sizymanski)
