June 27, 2019 Headlines

The G-20 summit begins tomorrow pushing US-China trade talks to the forefront.  The meeting between President Trump and Xi on Saturday remains a key event for the markets to see if either tariffs or negotiations will resume. At the beginning of the Asian session, US Treasuries traded lower following a report that both the US and China have agreed to a truce that tariffs will be delayed. However, a Chinese foreign ministry spokesman denied the report causing US Treasuries to reverse course. Then, early in the morning, a Wall Street Journal article detailed Xi’s expected terms for a trade truce which will include lifting the US ban on sales of technology to Huawei.

Chris Eckhoff
Associate, Investment Management Group

6/27/2019GDP Annualized QoQ3.20%3.10%3.10%
6/27/2019Personal Consumption1.30%0.90%1.30%
6/27/2019GDP Price Index0.80%0.90%0.80%
6/27/2019Core PCE QoQ1.00%1.20%1.00%
6/27/2019Initial Jobless Claims220k227k216k217k
6/27/2019Continuing Claims1665k1688k1662k1666k
6/27/2019Bloomberg Consumer Comfort63.661.8
6/27/2019Pending Home Sales MoM1.00%-1.50%
6/27/2019Pending Home Sales NSA YoY0.40%0.40%
6/27/2019Kansas City Fed Manf. Activity14
6/28/2019Personal Income0.30%0.50%
6/28/2019Personal Spending0.50%0.30%
6/28/2019Real Personal Spending0.40%0.00%
6/28/2019PCE Deflator MoM0.20%0.30%
6/28/2019PCE Deflator YoY1.50%1.50%
6/28/2019PCE Core Deflator MoM0.20%0.20%
6/28/2019PCE Core Deflator YoY1.50%1.60%
6/28/2019MNI Chicago PMI53.554.2
6/28/2019U. of Mich. Sentiment97.997.9
6/28/2019U. of Mich. Current Conditions112.5
6/28/2019U. of Mich. Expectations88.6
6/28/2019U. of Mich. 1 Yr Inflation2.60%
6/28/2019U. of Mich. 5-10 Yr Inflation2.20%



























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