Italy’s statistical agency forecasts GDP in a range between -0.2% and +0.2% in Q3. The consensus is 0.0%. Italy is mired in recession after five consecutive months of negative growth. The country is slowly turning the corner but it looks … Continue reading
This is the time of month where flows trump everything else.
Comments from Ukraine military spokesman Lysenko: Rebels are continuing counteroffensive Rebels are receiving reinforcements Separately, Ukrainian politicians openly mulled joining NATO today. That’s something that will surely anger Putin and provoke a faster invasion. Update: There are also reports of … Continue reading
A wave of US dollar selling is hitting ahead of month-end. USD/CAD is also under pressure after better Canadian GDP data. The selling stalled at almost precisely the 55-dma so watch that level.
The S&P 500 is up 3 points to 2000 shortly after the open. The Chicago PMI and U Mich consumer sentiment are due shortly but trading could taper off dramatically afterwards as we near month-end and a US long weekend.
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