Wyllian Capucci
06/15/2021
Finally
The US and the European Union are expected to announce a five-year truce in their 17-year dispute.years on aircraft subsidies for Airbus SE and Boeing Co. even today. In 2019, theLong-standing disagreement prompted the Allies to impose tariffs on $11.5 billion of theexports from each other. The business was also boosted by the emergence ofCommercial Aircraft Corp. of China, or Comac, as a competitor of the two manufacturers ofplanes
Very sick
Speaking of trade and China, the world’s second-largest economy has reacted to the efforts of thePresident Joe Biden to build a coalition to contain Beijing. Ministry SpokespersonChinese Foreign Affairs Officer Zhao Lijian said “the US is sick and verypatients” in responding to Biden’s diplomatic efforts at the G-7 and NATO meetings.Today in Washington, the House Science Committee will consider two bills thatthey will strengthen US research and development in response to the rise of China.
Sales
Top US retail sales are said to have shrunk 0.7% last month. The salesbasics, eliminating the volatile numbers of automobiles and gasoline, should remain unchanged incompared to April. The data are released at the time the Open Market Committee of theFederal Reserve starts its two-day meeting in Washington. Although there is an updateof economic projections at tomorrow’s meeting, economists do not expect anyannouncement on the gradual reduction of asset purchases until Jackson Hole in August at the earliest.
Markets go up
Global equities are rising again as investors remain calmwith the prospect of any major Fed move tomorrow. Overnight, the MSCIAsia Pacific Index rose 0.2%, while Japan’s Topix index closed 0.8% higher asToyota Motor Corp. shares reaching 10,000 yen for the first time. In Europe, the IndexStoxx 600 gained 0.2% at 6:50 am EDT. The S&P 500 futures pointed toa small move to the green at the opening, the 10-year Treasury yield wasat 1.485%, oil was above $71 a barrel and gold plummeted
Coming
In addition to retail sales, we also have producer price inflation for May and theEmpire Manufacturing for June at 9:30 am. The numbers of industrial productions andmanufacturing are at 10:15. April’s TIC flow data is at 5:00 pm. Oracle Corp and H&RBlock Inc. are among the companies that report results.
Source:https://wintrademarkets.com/
