Theresa May reshuffles cabinet

Yesterday’s markets

9th January 2018

  • CAD - BOC Business Outlook Survey
  • USD - FOMC Member Williams Speaks
  • AUD - Building Approvals m/m

UK Prime Minister, Theresa May began a reshuffle of her cabinet yesterday, to fill the open posted. The reshuffle kept many of the key ministers in their positions, including Boris Johnson and Philip Hammond, however the reshuffle showed a lack of authority as May was unable to move ministers Jeremy Hunt and Justine Greening, with Greening resigning rather than accepting the new position. The sterling held steady, with no announcements being able to push it in either direction.

Today’s markets

8th January 2018

  • CNY - CPI y/y
  • CNY - PPI y/y
  • CHF - Retail Sales y/y

The Eurozone is set to release some low tier data today in the form of the Unemployment Rate, forecast to post 8.7%, whilst the largest economy in the Eurozone, Germany, will be releasing their Industrial Production and Trade Balance figures. Italy will also be releasing their Monthly Unemployment rate, forecast to post 11%. Across the pond, the US will be releasing their JOLTS job openings, which is expected to post 6.05m.