Gold Silver Reports (GSR) – In India, the government’s decision to hike minimum support prices (MSPs) has raised the prospect of higher food inflation. But global food inflation may head the other way thanks to fears of an escalating trade war, if data from June is any indication.
Nifty Future Made Triangle Breakout Pattern, Nifty Target 250—350 Points Just Watch Magical level
Nifty Future Made Triangle Breakout Pattern, Nifty Target 250—350 Points Just Watch Magical level. Technical Power of CFA’s (CHARTRED FINANCE ANALYST) Neal Bhai Reports – 9899900589 …
Japan May Preliminary Leading Indicator Index 106.9 vs 106.6 Expected
Gold Silver Reports (GSR) – The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually – so there isn’t much of an impact on this release.
- Prior 106.2
- Coincident index 116.1 vs 116.1 expected
- Prior 117.5
Economic Data Coming up in the European Session – Neal Bhai
0600 GMT – Germany May industrial production data
Prior release can be found here. A minor data point, but will be put together with factory output/orders data to provide a glimpse of sentiment towards the German economy. So far, things haven’t been going well (hence downward GDP forecast revisions) so let’s see if the softness is continuing.
Equity Investors are Taking US Tariffs in Stride
Gold Silver Reports (GSR) – Not only that, the Nikkei just touched a session high and is up 1.3% on the day too. Risk is rallying across the board as the AUD and NZD are gaining while the JPY is the laggard. Goes to show that investors have been taking in and digesting the trade rhetoric rather well ahead of the implementation today – even with the threat of additional tariffs.
Trump Says U.S. Tariffs Could be Applied to Chinese Goods Worth $500 Billion
Gold Silver Reports (GSR) – Trump Says U.S. Tariffs Could be Applied to Chinese Goods Worth $500 Billion – Trump confirmed that the United States would begin collecting tariffs on $34 billion in Chinese goods at 12:01 a.m. Washington D.C. time (0401 GMT) on Friday and warned that subsequent rounds could see tariffs on more than $500 billion of goods, or roughly the total amount that the United States imported from China last year.
US-China Tariffs: ‘The First Shots to The Trade War are About to be Fired’
Gold Silver Reports (GSR) – U.S. President Donald Trump said on Thursday that tariffs on $34 billion worth of Chinese goods will kick in at 12:01 a.m. EST on Friday morning. China said that its tariffs on U.S. goods would take effect immediately after the U.S. duties kick in.