K96.3 FM Kelowna's Classic Rock - Radio Ralies & Reversals
The U. S. market is closed today for their Memorial Day holiday, so expect volumes to continue to be light. The big news this morning is Canadian GDP growth for the first quarter annualized was over 6%. There was some doubt that the Bank of Canada would raise its policy rate, but I think this increases the chance of an announced rate hike tomorrow. Regardless, monetary policy remains loose.
The first headline in this mornings CFA Institute Financial NewsBrief is: 'China's inflation is close to out of control'. China's yield curve is getting very close to being inverted as policy makers try to cool things off. An inverted yield curve is typically bearish.
Anyway, Asian & European markets finished the day mixed while the TSX Composite Index is currently up on broad strength.
GB
The first headline in this mornings CFA Institute Financial NewsBrief is: 'China's inflation is close to out of control'. China's yield curve is getting very close to being inverted as policy makers try to cool things off. An inverted yield curve is typically bearish.
Anyway, Asian & European markets finished the day mixed while the TSX Composite Index is currently up on broad strength.
GB
Labels: The Week Ahead
posted by Gordon Bell at
7:47 AM
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