Sunday, June 11, 2017

QUICK OVERVIEW

  • While the U.S. was transfixed on Comey’s testimony, the GOP moved quietly to clear out and repeal America's Great Recession/Bank fail-safe - Dodd-Frank. Expect the next bank related crisis to arrive asap! 
  •  US wholesale inventories fell 0.5% in April after increasing 0.1% in March. 
  • UK sees first fall in consumer spending in 4 years as wage growth stalls and prices rise.
  •  Japan Core Machine Orders fell 3.1% In April 
  • Japan Producer Prices Unchanged In May 
  • YoY China's PPI rose 5.5% in May, versus an expected gain of 5.7 % and slower than the 6.4% increase in April. 
  • In Q1 the euro zone economy grew  at its fastest rate in two years. 
  • MoM World food prices rose 2.2%. 

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