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US: ISM non-manufacturing index likely to print 58.6 for April - Nomura

US business activity likely expanded steadily despite rising concerns over trade tensions, according to analysts at Nomura.

Key Quotes

“We expect a healthy reading of 58.6 for the April estimate of the ISM non-manufacturing index, down slightly from 58.8 in March. Incoming business surveys reflected mounting concerns over escalating trade tensions, but incoming data point to steady expansion in business in non-manufacturing sectors which appears consistent with elevated demand.”

 

 

Gold spikes to fresh multi-day tops, above $1315 level

   •  The post-FOMC USD retracement prompts short-covering move.    •  Sliding US bond yields/reviving safe-haven demand supportive.     •  Technica
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USDCAD to head towards 1.20 over the coming month - NBF

The Canadian dollar remains much weaker than levels that would typically be associated with current oil prices as the impact of unfavourable yields re
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