U.S. Philly Fed survey in focus - TDS

Market news

20 June 2019

U.S. Philly Fed survey in focus - TDS

Analysts at TD Securities are expecting the U.S. Philly Fed survey to show a decline to 10.7 in June following the notable 8.1 increase to 16.6 in May.

“We flag that, as was the case with the NY Empire survey, this report may surprise further to the downside as it will likely reflect the negative sentiment from the US-Mexico trade spat that was at its high around the collection of the survey responses.”

BoE's latest statement is slightly more dovish than might have been expected - ING

Fed clearly leaves the door open for a rate cut – Standard Chartered

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