Euro zone growth ‘to decelerate’ after Brexit: IMF (News: 08/07/16)

Today’s Press

  • With the Republican and Democratic national conventions just weeks away, the government reported on Friday that employers added 287,000 workers in June, a vigorous rebound that helps sets the stage for the economic themes advanced by the presidential nominees.

  • The U.K.’s decision to leave the EU is expected to weigh on euro zone growth, the International Monetary Fund (IMF) said on Friday, lowering its growth forecasts for the 19-country region.

  • After hitting a fresh two-year high of nearly $1,365 per ounce yesterday on high volume of over 25 million ounces, gold futures have retreated a bit. It’s just a short hiccup on the way to $1,400.

Forex Quotes:

  • USDJPY: 100.21
  • EURUSD: 1.1074

Indices:

  • S&P 500: 2,097.90
  • NASDAQ : 4,876.81

Source:: Euro zone growth ‘to decelerate’ after Brexit: IMF (News: 08/07/16)

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