Mike Paterson

Wilbur Ross says the US government has not sanctioned Russia’s Sibur so there is nothing wrong

US commerce secretary Ross talking to the BBC 6 Nov
Ross is replying to allegations of failing to reveal business interests in Russian company Sibur uncovered by the so called Paradise Papers on tax havens.
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ForexLive morning news wrap: Steady start to the week but euro weakness noted

Forex news for the European morning trading session 3 Nov 2017
News:
Data:
A steady session overall that’s seen a slide in the euro and USDJPY but better showing by pound pairs.
The post ForexLive morning news wrap: Steady start to the week b…

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More from May: Welcomes beginning of internal EU discussions on future relationship post-Brexit

UK PM May still spouting forth 6 Nov
– also welcomes internal discussions on implementation period
– seeks to give business as much certainty as possible
– wants details on future relationship to be worked out asap
Meanwhile,
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Eurozone Sept PPI mm 0.6% vs 0.4% exp

Eurozone Sept PPI report just out 6 Nov
– 0.3% prev
– yy 2.9% vs 2.7% exp vs 2.5%
Some sign of future headline inflation creeping down the pipe.
EURUSD 1.1603 after the earlier dip to 1.1589 but buyers lurking. EURGBP still 0.8854 EURJPY 132.43 as USDJ…

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