U.S.-China trade deal ‘too hard to get done,’ Trump says (news: 23/05/18)

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Today’s press

U.S.-China trade deal ‘too hard to get done,’ Trump says

WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday signaled a new direction in U.S. and China’s trade talks, saying the current track appeared “too hard to get done” and that any possible deal needed “a different structure.”

U.S. New Home Sales Fall in April

Investing.com – Sales of new U.S. single-family homes fell in April, according to data released on Wednesday.

Lira Heads for Crisis Mode on Eve of Erdogan’s Election Speech

Turkey is entering the throes of a full-blown currency crisis.

India Considers New Tax on Cryptocurrency Trades

India is weighing up whether to impose goods and service tax (GST) on cryptocurrency trades, a report suggests.

UK inflation misses expectations as April reading falls to 2.4%, show official figures

UK inflation was lower than expected in April, eroding predictions of an August interest rate rise from the Bank of England.

Next trading day’s important events

11:00 (GMT+3)  UK – BOE’s Governor Carney speech

14:30 (GMT+3)  ECB Monetary Policy Meeting Accounts

Forex quotes:

USDJPY: 110.10

EURUSD: 1.1711

Indices:

S&P 500: 2718.67

NASDAQ: 7368.44

 

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