Heads-up News 

Frankfurt Trading Session Heads Up Thursday, May 17, 2018

Frankfurt opening news digest

Why Free Trade Trumps Fair Trade

While fair trade should always be a goal, tit for tat tariff measures are not the answer. Such actions drive up input costs and slow economic growth. It’s been tried before. Everyone loses.

 

British Pound Gains on Hopes for Post-Brexit Customs Compromise

The British Pound rose amid hopes for a customs regime compromise uniting Prime Minister May’s fractured cabinet and unlocking stalled Brexit negotiations.

 

Asian Stocks Mixed, Japan Up & China Down. IDR Awaits Rate Hike?

Asian stocks were generally mixed heading into Thursday’s close as Japanese shares rose and Chinese ones fell. USD/IDR awaits Bank of Indonesia’s rate announcement which

 

Cheer Up

Adage:

A one dollar bill met a twenty dollar bill and said, “Hey, where’ve you been? I haven’t seen you around here much.”

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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