Ian Reynolds
Podcasts | Daily LinkedIn | Weekly LinkedIn | Check out the website
Overnight
Economic Indicators Released Overnight
A volatile day started with a benign US CPI report which sent stocks and bond prices higher.
UK GDP April 2025
UK numbers, after a long run of positives, turn negative.
UK economy contracted by 0.3% in April [FT]
And a trade deal with China, which Trump crowed about, but doesn't seem to be that good to markets.
Trump says China will face 55% tariffs as he endorses trade deal [The Guardian]
Trump says China will supply rare earths, US to allow students [Reuters]
US orders non-essential embassy staff out of Iraq amid growing Middle East tensions [The Guardian]
So equities actually ended lower.
US Equities
Breaking
Bitcoin
BTC's second attempt seems to have failed and staying over 100k is key for another go, after some consolidation.
BITCOIN / USD Daily
Commodities
Gold looks nice, retest complete, and looks to close above $3,400 as the upward pressure builds.
GOLD / USD Daily
The Gulf tension spiked Brent as high as $71 before falling back below $70.
SPOT BRENT Daily
Bonds
There hasn't been much Chinese economic data recently, always an indicator in itself, and 30 year yield looking to drop even lower.
China 30 Year Government Bond Yield Daily
Foreign Exchange
The move we were looking for seems to be in the USD, particularly against the EURO as the downtrend resistance keeps price below 98.00 for the first time since April.
DXY Daily
Equities
We nearly blasted higher on CPI but dropped back by the close.
NASDAQ COMPOSITE Daily
Interesting
Pentagon Slashes in Half Its Request for Air Force F-35s [Bloomberg]
Economic Indicators Today
