Financial Review

G19


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…..G19 summit underway. Deals and tear gas abound. France bond auction stumbles, global bonds tumble. Waiting for the jobs report tomorrow: ADP private sector payrolls weak, initial claims up, ISM service sector growing. Ninth year of the recovery but not for everyone. Education Department sued. QVC-HSN. Berkshire-Oncor. Illinois overrides a veto to reach a budget. Financial Review by Sinclair Noe for 07-06-2017   DOW – 158 = 21,320 SPX – 22 = 2409 NAS – 61 = 6089 RUT – 19 = 1400 10 Y + .04 = 2.37 OIL + .16 = 45.29 GOLD – 1.70 = 1226.00   The G20 Summit is underway in Hamburg Germany. China’s President Xi Jinping and German Chancellor Angela Merkel pledged to work together more closely on a range of issues. Japan and the European Union agreed a free trade pact to create the world’s biggest open economic area and signal resistance to what they see as President Trump’s protectionist turn. German chancellor Merkel, who is hosting the summit, wants to unite world leaders on environmental goals, but will be careful not to mention the words “climate change” around the US president. Japanese Prime Minister Shinzo Abe urged the G20 states to continue working together on climate protection, after Trump pulled the United States out of the 2015 Paris agreement on climate change policy. France announced it will end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later. Earlier today, Trump delivered a speech in Warsaw ...
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Financial ReviewBy Sinclair Noe