Tuesday, May 6, 2014

Economic Journal - Tuesday, 5/6/2014

(as of 7:10 AM PST)
 
Markets are down to start.  An escalation of violence in Ukraine has European markets on the defensive and it has spread to the US.  It is a mild retreat with indexes down about a half percent.  Gold and oil are near unchanged.  The US balance of payment deficit was down slightly and better than analyst expectations, but the US dollar is falling against most of its peers, especially Japan as the yen exhibits good strength.  Interest rates are stable.  It looks to be a quiet day.

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