May 18, 2016 - 4:05 AM EDT
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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.

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

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