Things are rather looking good for this week closure. Financial markets are set to end the week in positive territory after multi-week losses while JPY eases at rumors of a provisory resolution in US – Mexican trade discord and risk of a recession following Japanese Cabinet Office assessment of the Japanese Economy.
Mexican Foreign Minister Macelo Ebrard proposal to send 6’000 Members of the National Guard to secure the border and the recent procedure triggered by ruling Andres Manuel Lopez Obrador to uproot existing smuggler network appears to satisfy somewhat US authorities. Talks should continue on Friday while the final call should be on Sunday. The releases in Japan are yet not so promising. Although the Japanese Economy shows signs of recovery as shown by April household spending up 1.30% (prior: 2.10; consensus: 2.60%) and maintained positive for the fifth consecutive period or April Coincident Index, which assesses business conditions in the economy, points at 101.9 (prior: 99.