Gold Silver Reports (GSR) – In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank could disrupt the economic recovery.
Global Economic
PNB, other PSBs May Get ₹ 8,000 Crore Lifeline
Gold Silver Reports (GSR) – India’s 3rd-largest state-run lender will issue preferential shares to the government, the people said, asking not to be named as the information isn’t public. This will help restore capital to the level needed to pay the coupon that’s due July 25, they said.
Red Alert : Fed head Powell Testimony Tuesday – What to Expect
Gold Silver Reports (GSR) – A real quick preview of Federal Reserve Chair Powell before the Senate Banking and House Financial Services Committees:
📌 The Senate Banking Committee is on Tuesday (date17 July 2018 1400GMT)
📌 House Financial Services Committee is Wednesday (1400GMT again)
How a $139 Billion Fund Is Trading the Trade War
Gold Silver Reports (GSR) – The ultra-long bonds are seen as a hedge to protect the portfolios of AMP Capital Investors Ltd. against the risks stemming from the U.S.-China trade frictions and less-synchronized global growth, according to Ilan Dekell, the head of macro for global fixed income at the asset manager.
Trade War Sparks Mounting Concerns of Growth Risks
Trade Turmoil
China has vowed to fight back against the Trump administration’s plans to impose tariffs on an additional $200 billion in Chinese goods, albeit with a subtle shift in tone and talks may still be on the table.
Economic Data Coming up in the European Session 13 July 2018
Gold Silver Reports (GSR) – Economic Data Coming up in the European Session 13 July 2018 — Equities in general are doing well, with the Nikkei leading gains up by 2% currently – and that’s continuing to keep yen pairs underpinned ahead of European markets open. There isn’t much on the data front to change the trading landscape so today it’ll be all about the ebb and flow – with Trump being in the UK, that should make for some fun headlines later on (not that it already hasn’t).
China’s USD Denominated June Trade Surplus With The US Was The Highest Ever Recorded
Reuters have run the numbers and have come up with that little factoid ✅ Highest ever for any one month ✅ Reuters basing it data back to …