Escalation of trade war will hurt US most, Mark Carney tells Donald Trump (news: 06/07/18)

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Escalation of trade war will hurt US most, Mark Carney tells Donald Trump

The governor of the Bank of England has warned Donald Trump that further escalation of US trade disputes around the world would damage the America the most, as the world’s largest economy and China prepare to launch the opening salvos of a trade war on Friday.

China blames U.S. for ‘largest-scale trade war’ as tariffs kick in

BEIJING/WASHINGTON (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict.

U.S. job growth strong; unemployment rate rises to 4 percent

WASHINGTON (Reuters) – U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.

Bitcoin Awaits Price Breakout As Trading Range Tightens

The price of bitcoin (BTC) is stuck in a $400 range defined by key technical levels, and the direction of the breakout will likely set the tone for the next move in the cryptocurrency. 

Next trading day’s important events

09:00 (GMT+3)  DE – Trade Balance s.a. (May)

Forex quotes:

USDJPY: 110.42

EURUSD: 1.1758


S&P 500: 2743.88

NASDAQ: 7626.09


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