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37 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.
Mexican economic data was surprisingly benign last week.
Money supply growth in the Eurozone rebounded slightly last month, reversing some of the weakness at the start of the year.
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.
The verdict from the German business surveys is in; economic growth probably slowed further in Q2.
The ECB will not make any major changes to policy today.
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 most positive thing to say about the EZ manufacturing PMI at the moment is that it has stopped falling.
China's PMIs point to softening activity in Q3. The Caixin services PMI fell to 52.8 in July, from 53.9 in June.
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.
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.
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.
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.
The news-flow in the Eurozone was almost unequivocally bad over the summer.
The BoJ kept all policy measures unchanged at its meeting yesterday.
We are easily excitable when it comes to monetary policy and macroeconomics, but we are not expecting fireworks at today's ECB meetings.
The outlook for private investment in the Eurozone has deteriorated this year, especially in manufacturing.
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.
We argued earlier this week that the data on the consumer economy are likely to be rather stronger than the industrial numbers.
Judging by the headline performance metrics, EZ equity investors have little cause for worry.
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.
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.
China's official real GDP growth is absurdly stable, but the risks in Q3 are tilted to the downside.
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.
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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