The Traderszone Network

Futures suggested a flat open in Asia on Tuesday following directionless trade in yesterday’s session.

Authored by Mark St.Cyr,

On this holiday weekend known here in the U.S. as Memorial Day, I would like to make a slight turn in the narrative that many give little to no attention too, yet, is one of the most important underlying principles or fundamentals which helped shape, lift, mold, sustain, and create one of the world’s greatest economic powerhouses bar none.

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Due from Japan today at 2350GMT
Retail Trade data for April
For the m/m,
– expected -0.2%, prior +0.2%
y/y,
– expected 2.3%, prior 2.1%

This brief preview is via HSBC:

Data from Statistics NZ “Building Consents Issued: April 2017”
-7.6% m/m
– March was -1.2/% m/m (revised from -1.8%), falling from February’s huge jump of +15% (revised from +17% m/m)
Says StatsNZ:

Defense Secretary James Mattis appeared on “Face the Nation” with John Dickerson on Sunday and repeated his warning that an armed conflict with North Korea would be “catastrophic” for US allies in the region, and that it “would be probably the worst kind of fighting” because of the North’s proximity to the South Korean capital, Seoul.

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Paris Mayor Anne Hidalgo on Sunday condemned a vivid example of reverse racism, when she called for a black feminist festival in the French capital to be banned, saying it was “prohibited to white people.” The first edition of the Nyansapo Festival, due to run from July 28 to 30 at a cultural center in Paris, bills itself as “an event rooted in blackfeminism, activism, and on (a) European scale.”

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Bild with the report, not citing sources
– It says that the Greek government is preparing to possibly go without next bailout payment (amount of EUR 7bn)
– If creditors cannot agree on debt relief