May 18, 2016 - 4:05 AM EDT
Print Email Article Font Down Font Up
Poll on Brexit, showed 55% want to stay in EU and 37% want out

Stocks were mostly lower in Asian trade. The Hang Seng fell 1.4%, Shanghai was down 1.3% and Australia lost three quarters of a percent; the Nikkei was an exception, it rose a slight fraction on the day. European indexes are mixed this morning, with the Footsie off by a third of a percent and the DAX is flat at the moment. US stock futures are just slightly lower.

*The Q1 reading of Japan’s GDP is much stronger than expected, +1.7% annualized and +0.4% quarter on quarter; the estimates were +0.3% and +0.1%, respectively.

*The final April reading of the Euro Zone Consumer Price Index was unrevised at 0.0% on the month and -0.2% on the year; the Core rate was also unchanged at +0.7% year on year.

*The March reading of the UK Unemployment Rate was steady from the month before at 5.1%; just as it has been for five months in a row. In April the net change in the number of Jobless Claims was -2.4k; it was expected to increase by 5k.

*An Evening Standard/Ipsos poll on Brexit, released earlier this morning, showed 55% in favor of remaining in the EU and 37% in favor of leaving.

*US mortgage applications were down 1.6% in the week ended May 13, according to the Mortgage Bankers Association. Applications for Purchases were down 5.8% from the week before but those for Refinancing were up 1.4%.

*The weekly report on energy inventories is due out at 9:30am CDT. Stocks of Crude Oil are forecast to decline 3.5 million barrels, Gasoline inventories are expected to be down 1.0 million and the estimate for Distillates is -1.0 million.

*The minutes from the April 26-27 FOMC meeting are due to be released at 1:00am CDT.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Source: Equities.com News (May 18, 2016 - 4:05 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice