Whether he likes it or not, he’ll have to tip the scale of rate-cut expectations. Plus, Austrian century bonds, “Red Flags” and sell-side quirks.
Bank of Australia Board decided to lower the cash rate by 25 basis points to 1.25 per cent.
On Sunday June 2, China released a government white paper of more than 5,000 words on its trade talks with the U.S. and Vice-Minister of Commerce Wang Shouwen
Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
The big centre-right and centre-left blocs in the European Parliament have lost their combined majority amid an increase in support for liberals, Greens and nationalists.
Members observed that a patient approach to determining future adjustments to the target range for the federal funds rate would likely remain appropriate for some time
The unexpected result highlights profound ideological divisions
U.S. stocks and commodities tumbled after China retaliated with higher tariffs on a range of American goods. S&P 500 dropped
Board decided to leave the cash rate unchanged at 1.50 per cent.
Trump on Sunday said he’ll raise duties on China this Friday