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Trump’s Canada, beef trade actions add to GOP midterm worries

The political concerns have appeared to do little to deter the president

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Business Cycle Indicators: Real Consumption Is Flat

Nominal consumption beats expectations ( +0.2% m/m vs +0.1% Bbg consensus), but real personal income ex-transfers remains below recent peak. Figure 1: NFP employment (bold blue), civilian employment with smoothed population controls (bold orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold…

Oil Drops as Tankers Begin Moving More Gulf Crude

Brent crude futures dropped for a third session as Iran and Oman advanced plans for a temporary maritime corridor through the Strait of Hormuz. Brent tumbled to $85 a barrel early Wednesday, down more than 9% for the week, while West Texas Intermediate traded around $80.

  • Brent crude futures drop 9% to $85 per barrel
  • Iran and Oman discuss temporary joint shipping corridor
  • Iraqi terminals see surge in crude loadings

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