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46 matches for " trade wars":
China's September trade numbers show that, far from reducing the surplus with the U.S., the trade wars so far have pushed it up to a new record.
Money supply growth in the Eurozone rebounded slightly last month, reversing some of the weakness at the start of the year.
Concern over individual freedoms was the spark for Hong Kong's recent demonstrations and troubles, and protesters' demands continue to be political in nature.
Our Chief Eurozone Economist, Claus Vistesen, is covering the Italian situation in detail in his daily Monitor but it's worth summarizing the key points for U.S. investors here.
Mexican economic data was surprisingly benign last week.
Yesterday's final EZ manufacturing PMIs for August provided little in the way of relief for the beleaguered industrial sector.
The verdict from the German business surveys is in; economic growth probably slowed further in Q2.
The startling jump in the Philly Fed index in May, when it rose 11.2 points to a 12-month high, seemed at first sight to be a response to fading tensions over global trade.
The automotive sector accounts for 6.1% of total employment, and 4% of GDP, in the Eurozone.
The ECB will not make any major changes to policy today.
Implied volatility on the euro is now so low that we're compelled to write about it, mainly because we think the macroeconomic data are hinting where the euro goes next.
China's finance minister Liu Kun provided his report on China's current fiscal situation to the legislature last Friday.
The most positive thing to say about the EZ manufacturing PMI at the moment is that it has stopped falling.
Colombia was one of the fastest growing economies in LatAm in 2018, and prospects for this year have improved significantly following June's presidential election, with the market-friendly candidate, Iván Duque, winning.
China's export data shows little impact from trade tensions so far.
The recent softening in the ISM employment indexes failed to make itself felt in the June payroll numbers, which sailed on serenely even as tariff-induced chaos intensified at the industry and company level.
Japan's current account surplus has been broadly stable in absolute terms in the last couple of years, though it has retreated as a share of GDP.
Chile's IMACEC economic activity index rose 2.4% year-over-year in January, down from 2.6% in December, and 3.3% on average in Q4, thanks mostly to weak mining production.
The key aspects of the ECB's policy stance will remain unchanged at today's meeting.
The news-flow in the Eurozone was almost unequivocally bad over the summer.
China's PMIs point to softening activity in Q3. The Caixin services PMI fell to 52.8 in July, from 53.9 in June.
Revisions to the first quarter productivity numbers, due today, likely will be trivial, given the minimal 0.1 percentage point downward revision to GDP growth reported last week.
Mr. Trump fired the shot everyone was expecting this week with a 10% tariff on $200B-worth of Chinese goods, and a pledge to lift the rate to 25% on January 1.
The BoJ kept all policy measures unchanged at its meeting yesterday.
Yesterday's economic reports in the Eurozone were ugly.
Judging by the headline performance metrics, EZ equity investors have little cause for worry.
Gloom and uncertainty are spreading across the global economy as we head into the final stretch of the year.
In an interview with Bloomberg on Friday, PBoC Governor Yi Gang hinted at the intended policy if the trade war escalates.
We're expecting a 180K increase in today's May headline payroll number, a bit below the underlying trend--200K or so--for the second straight month.
The outlook for private investment in the Eurozone has deteriorated this year, especially in manufacturing.
Data yesterday suggest that EZ investor sentiment is on track for a modest recovery in Q3.
China's official real GDP growth is absurdly stable, but the risks in Q3 are tilted to the downside.
It is a known axiom among EZ economists that the ECB never pre-commits, but yesterday's speech by Mr. Draghi in Sintra--see here--is as close as it gets.
We are easily excitable when it comes to monetary policy and macroeconomics, but we are not expecting fireworks at today's ECB meetings.
The headline May retail sales numbers were flattered by a 2.4% leap in the wildly volatile building materials component and a price-driven 2.0% surge in gasoline sales.
We argued earlier this week that the data on the consumer economy are likely to be rather stronger than the industrial numbers.
Mexican policymakers voted last Thursday to hike the main rate by 25bp to 8.0%, the highest since early 2009.
At the time of writing, Mr. Trump reportedly is finalising plans to impose tariffs of up to 25% on a further $200B of imports from China.
Few Eurozone investors are going blindly to accept the rosy premise of last week's relief rally in equities that both a Brexit and a U.S-China trade deal are now, suddenly, and miraculously, within touching distance. But they're allowed to hope, nonetheless.
The 90-day truce in the trade wars between the U.S. and China, brokered on Saturday at the G20 meeting in Argentina, is a big deal for financial markets in the euro area, at least in the near term.
The past year has been difficult for Asian economies, with trade wars, natural disasters, and misguided policies, to name a few, putting a dampener on growth.
The escalation in the U.S.-Chinese trade wars has understandably pushed EZ economic data firmly into the background while we have been resting on the beach.
The Big Picture on Sino - U.S. Trade Wars...The Immediate Threat and the Medium-Term Risks
Japan's CPI inflation has peaked. Japan's PMI hit by renewed trade wars, while domestic demand shows signs of slowing. The fledgling recovery in Korean exports lost steam in June.
In one line: Trade wars have consequences.
Chief U.S. Economist Ian Shepherdson on U.S.-China Trade Wars
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