Wednesday, July 5, 2017

THURSDAY 7/6/17; President Trump in Poland then Germany for G20; France 30-Year Bond Auction Fails; German 10-Year Bund Yield Runs Above 0.56%; Global Bond Rout (Yields Rising); Challenger Job-Cut Report; ADP Employment Report; International Trade; US PMI Services Index; ISM Non-Mfg Index; Fed Vice Chairman Fischer Speaks

Australia’s ASX 200 futures are up +0.3% but Japan’s Nikkei Index futures are lower. Yum China earnings were reported in the States after the closing bell and in line with estimates but YUMC collapses -7% in late 

[Purchase the 2017-07 chronology to enjoy July's economic and market real-time history including new all-time record stock market highs and Dow 22K.]

Federal Reserve Vice Chairman Fischer says the US government must take measures with fiscal policy to boost the lackluster productivity growth. Fischer says business investment is needed to spur innovation and employee training and education will also increase productivity. Fischer does not directly comment on monetary policy.

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