White House economic advisor Larry Kudlow (and chief cheerleader) on FoxBusiness The White House economic advisor Larry Kudlow is on FOXBusiness and as said that:
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Pres. Trump blames the Fed? At the least, he is mentioning them.
Stocks are down so the blame game may be on (again) It is the president back on the Fed's case. He just came out with the tweet starting with "The Federal Reserve is wrong so often".
Florida Covid 19 cases rise 2.5%
Above previous 7 day average of 2% The Florida Covid 19 cases has risen by 2.5% today. That is higher than the 2% 7 day average. What is worrying is: For bank trade ideas, check out eFX Plus
It's the worst day for oil since April
WTI crude down 8% It's been a one-way trade in oil since the bottom but the chatter about US shale coming back online is butting some fear into the crude market today.
Not a lot of love for markets on Thursday
What's moving the market today There aren't a lot of positive vibes out there on Thursday and a lot of this has to do with investor reaction to the Fed decision, which didn't seem to live up to expectation. Any hopes for a supremely upbeat central bank were let down in a big way.
US initial jobless claims 1542K vs 1550K estimate
US initial jobless claims and continuing claims – initial jobless claims 1542K vs 1550K estimate. The prior week was revised to 1897K from 1877'K last week The Non farm payroll and the initial claims are certainly at odds with each other. Yes, there may have been rehires, but these numbers continue to show 1.5M new job
US May PPI +0.4% vs +0.1% m/m expected
US May producer price index highlights This isn't a factor for the market. For bank trade ideas, check out eFX Plus
ForexLive European FX news wrap: Dollar firms on post-Fed hangover
Forex news from the European trading session – 11 June 2020 Headlines: Markets: – JPY leads, AUD lags on the day – European equities lower; E-minis down 2.1%
EU regulators propose to restart travel with the rest of the world in July
Regulators urge a partial reopening of external borders starting 1 July – Urges a single list of eligible visitors from non-EU countries – Says the list should be drawn up over the next two weeks For bank trade ideas, check out eFX Plus
European stocks still deep in the red in mid-morning trade
Not much reprieve or change to the risk-off mood this morning The pullback today largely reflects the softer tone in US stocks – except the Nasdaq – in trading yesterday and also the nudge lower in US futures today as well.