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Daily Archives: 10th June 2018

10th June 2018

Handle with care

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No more plundering the piggy bank…

After Friday’s performance in the rate markets, the ECB has a job on its hands articulating a measured macro view when it meets later this week. After factory orders disappointed previously, German industrial production dropped by more than expected in April (-1%) versus March suggesting that the Eurozone’s most important engine for growth is spluttering.

It certainly isn’t going to re-energise the region anytime soon. The G7 trade tariff spat will see to that. Trump has ruffled feathers, some would say in a refreshingly politically incorrect way (he will call you out as he sees fit) and is proving to be someone few will want to do business with. Unfortunately, they have to. Where Trump’s concerned, it’s a case of proceed with caution.

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