News Regulators 

ECB in free fall after ECB ruled out any rate hike till late 2019 and kept QE

“Double-top that was left at 1.1839/48 is bearish signal as acceleration through a cluster of MA supports, which now reverted to resistances, marked next bearish signal” reports fxstreet.com. Initial negative signal was comment for future rate hikes as the ECB ruled out any rate hike until the second half of 2019.Today’s significant fall dented bullish near-term outlook and signals that recovery from 1.1509 low might be over. Source: fxstreet.com Share This:

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Markets News Regulators 

After nine years of U.S. recovery, Fed sheds anxieties

“This is the most lopsided, mismatched labor market in the nation’s history,” said Chris Rupkey, chief financial economist at MUFG Union Bank” writes Midwest Communications Inc for 95kqds.com. “The labor market is on fire.”. Prices did not spike in response to the immense monetary stimulus, nor has the job market cooled since 2015 when the Fed began tightening policy.But for now, the Atlanta Fed estimates the U.S. economy is roaring at a 4.6 percent rate, a level it reached only twice since the recession.Economists generally expect growth to remain above…

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BT CEO to step down after poorly received recovery plan

“BT shares rose more than 2 percent in early trading” writes Midwest Communications Inc for 95kqds.com. However, the decline in the company’s shares continued, and a plan announced last month to save 1.5 billion pounds a year by 2020/21 failed to impress investors, putting Patterson under ever increasing pressure.Chairman Jan du Plessis said the board was fully supportive of Patterson’s strategy but that a new leader was needed. Source: 95kqds.com Share This:

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Your FPL bill will be going down this summer

“FPL collected $322.45 million from customers for recovery from Matthew, which resulted in power outages for 1.2 million customers in the state” writes Marcia Heroux Pounds for sun-sentinel.com. FPL looks to cities, counties to regulate tree trimming for next storm season FPL says it’s applying ‘lessons learned’ about customer service, communications for 2018 hurricane season. But a slightly larger bill reduction — a one-time bill credit of $3.18 related to storm fees collected in recovery after 2016’s Hurricane Matthew — isn’t expected to be considered by the Public Service Commission…

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Jamie Dimon: Trump trade policy is a fly in the ointment

“Fifty-eight percent see a moderate risk of lower U.S. economic growth as a result of Trump’s trade approach, while 41 percent see a serious risk of lower growth” writes Patti Domm for cnbc.com. Dimon said the U.S. economy is strong and broad-based, and the recovery could continue for another one to three years.When you talk about it, slogans are very different than policies that makes sense,” said Dimon. Source: cnbc.com Share This:

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Global trade friction puts Asian factories, export recovery at risk

“Other surveys found Taiwan’s factory growth slowed in May to a 22-month low for new orders, while Vietnam factories saw record growth in new exports” reports businessinsider.com. All the same, the global trade frictions put Asia’s export-dependent economies in a spot as the current growth cycle is showing signs fatigue.The risk is that a full-blown Sino-U.S. trade war will ripple through global supply chains, hurting economies from Europe to Mexico through to Australia and Japan.The biggest risk for China’s vast manufacturing sector, which posted surprisingly steady growth this year, stems…

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News Stocks 

Lega leader’s call for fresh election takes gloss off Italian recovery

“A recovery in Italian stocks has been slowed by news that the leader of the right-wing Lega party has called for a new election” writes unknown author for cnbc.com. Italian stocks had been in full recovery mode in early trading Wednesday after reports that Prime Minister-designate Carlo Cottarelli has been holding further talks with President Sergio Mattarella about a new technocratic government.Matteo Salvini said Wednesday that he wanted new elections in Italy “as soon as possible.”.  Source: cnbc.com Share This:

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Markets News Stocks 

Italian stocks stage recovery bid as political drama rumbles on

“Italian stocks climbed Wednesday, recovering from a selloff driven by political instability in the country, as the broader European equity market largely found higher footing” writes Markets Reporter for marketwatch.com. See: 5 things investors must watch as Italy turmoil shakes global markets French stocks were losing the most in Wednesday’s trade.Italy’s FTSE MIB index I945, +1.65%  climbed 1.5% to 21,676.04 in afternoon trade, coming after Tuesday’s tumble of 2.7%.In the fixed-income market, the country’s 2-year bond yield TMBMKIT-02Y, -28.00%  fell 62 basis points to 1.58%, according to Tradeweb.Traders moved in…

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Redskins guard Arie Kouandjio to have surgery on quad as team holds out hope for shorter recovery

“Long signed with the New York Jets in free agency during the offseason and will be replaced by Chase Roullier” writes Kareem Copeland Is for washingtonpost.com. Kouandjio was expected to compete for the starting left guard position after an offseason in which the Redskins did not bring in someone new through free agency or the draft. Source: washingtonpost.com Share This:

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