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The pen is mightier than the sword - A picture is worth a thousand words
• A second day's tumble has pushed GBP/USD close to its 100-day moving average and EUR/GBP to a key resistance
• ECB decision may struggle to shake the Euro despite EUR/USD lifting off its 200-day MA and EUR/JPY weighing on 122
• Risk appetite is showing more obvious signs of struggle as US equity indexes take temperature at record highs
The EU has stepped up the pressure on Poland over its controversial judicial and media reforms.
They
give ministers the power to appoint the heads of public media
companies, and choose judges for Poland's constitutional court.
The European Commission on Wednesday issued a negative opinion on the changes as part of its rule of law investigation.
"If
you are member of the EU, you have signed and ratified the treaty and
the treaty has some rules, said Frans Timmermans, the Commission's first
vic…
READ MORE : http://www.euronews.com/2016/06/01/eu...
May
was a rough month for auto sales, according to fresh data released by
automakers on Wednesday. Ford sales fell 5.9 percent year-over-year to
235,997 vehicles during the month. Though its F-Series truck posted a 9
percent gain, with 67,412 trucks sold. General Motors reported an 18
percent decline in sales over the past year, selling 240,540 units,
missing estimates of a 13.1 percent decline. The company said a parts
shortage from the Japan earthquake hampered production. Fiat Chrysler's
sales rose 1 percent, compared to May of 2015, to 204,452 vehicles, and
was the automaker's best May since 2005. The highlights for the quarter
include Jeep sales, which rose 14 percent. Its Ram Truck also shined
during the month. Toyota TM sold 219,339 units in May, a drop of 9.6
percent year-over-year. TheStreet's Scott Gamm reports from Wall Street.
Salesforce.com
today announced it has entered an agreement to buy enterprise
cloud-commerce company Demandware for $2.8 billion and TheStreet's Jim
Cramer is bullish on the combination. Demandware's shares surged more
than 55% in early trading on news of the sale. The stock had closed at
$48 on Tuesday. San Francisco-based Salesforce will pay $75 a share in
cash for all of Demandware's outstanding shares. The sale is expected to
close in the second quarter of Saleforce's fiscal year 2017, ending
July 31, 2016.
