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Financial Times says "Japan needs to end its dangerous debt delusion"
- Ummmm, pretty much everyone has said this over the past couple of decades and more
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Canada building permits for April -7.6% versus -3.5% estimate
- US Initial jobless claims 229K vs 219K estimate. Continuing Claims 1.795M vs 1.780M est.
- US May PPI +6.5% y/y vs +6.4% expected
- Dow Jones analysis at this must-watch junction
- ECB hikes rates, as expected
- The USD is little changed as the market awaits the next shove
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