1.0Verbank Advisors & Agriculturehttps://verbank.luverbankfarmshttps://verbank.lu/author/verbankfarms/rich600338<blockquote class="wp-embedded-content"><a href="https://verbank.lu/june262017/">US + Brazil Financial News (6/26)</a></blockquote> <script type='text/javascript'> <!--//--><![CDATA[//><!-- /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!/[^a-zA-Z0-9]/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute("style"),"height"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if("link"===t.message)if(a=d.createElement("a"),i=d.createElement("a"),a.href=r.getAttribute("src"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute("data-secret"))t=Math.random().toString(36).substr(2,10),e.src+="#?secret="+t,e.setAttribute("data-secret",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute("security"),e.parentNode.replaceChild(t,e)}}}}(window,document); //--><!]]> </script><iframe sandbox="allow-scripts" security="restricted" src="https://verbank.lu/june262017/embed/" width="600" height="338" title="“US + Brazil Financial News (6/26)” — Verbank Advisors & Agriculture" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>UNITED STATES   The main event this week is political, the battle in the Senate to defeat the Affordable Care Act, before the recess of July 4th. Failure of the Republican majority to deliver the vote would compromise the likelihood of swift passage of a tax reform bill—and this could, in turn, affect business sentiment, with impact on the expected, by yet unseen, boom in capital spending. On the data front, we will watch closely four events. Monday, June 26: May Core Durable Goods Orders (DGO) – Capital goods and Shipments. Expected: +0.3%momsa. Since March, on a y-o-y basis, capital goods shipments nondefense ex-aircrafts are on positive territory, reversing a negative trend that began in 2015, although the latest reading is still below the levels in 2012-2015. Headline DGO most likely will be negative (-0.6%momsa). But the number for core shipments is the one to watch. Wednesday, June 28: May Pending Home Sales.  Expected 0.8%momsa, a likely rebound in the month, following two consecutive months of declines. With mortgage rates at historically low levels, and higher incomes, housing remains affordable, despite rising prices. Measures of sentiment (U. Michigan) for buyers and sellers are high and, as more people sell their houses, the total number […]