The US-China trade war will leave both countries worse off in coming years, according to an analysis of current and threatened trade scenarios that is based on a global simulation model of the world economy.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Federal Reserve Chairman Powell Rubber-Stamps 25bp Cut for July 2019 – Gold Silver Reports
Federal Reserve Chairman Powell’s first day of his two-day testimony to Congress. Powell was advocating for a rate cut which weighed on both the greenback and US yields. He argued that the jobs report has done little to change the Fed’s outlook and that was essentially taken by the market as a rubber stamp for at least a 25pb cut this month as investors get set of r the U.S. Consumer Price Index due today in New York’s session. The FOMC Minutes did not give anything new to trade from.
Federal Reserve Chairman Jerome Powell said downside risks to the U.S. economy
Federal Reserve Chairman Jerome Powell said downside risks to the U.S. economy are lingering as trade wars soften business investment and inflation stays weak, signaling that policy makers may be poised to cut interest rates as soon as this month.
Chinese Banks May not have Enough Capital to Lend Economy out of Slowdown, says Fitch
Chinese banks do not have adequate capital to support the sort of large-scale lending that could bolster economic growth in the world’s second-largest economy, Fitch Ratings has said.
Chair Jerome H. Powell – Welcoming Remarks & Outlook
Good morning everyone and thank you to President Rosengren and the Boston Fed for hosting this conference. -The Federal Reserve is strongly committed to stress testing as a cornerstone of our bank supervisory and financial stability missions. Stress testing is perhaps the most successful supervisory innovation of the post-crisis era. But if stress tests are to continue to serve their critical function, they will need to evolve in the years ahead to keep pace with the ever-changing financial system, as they have since the first round of tests in 2009.
परमाणु समझौता / ईरान ने यूरेनियम उत्पादन की तय सीमा तोड़ने का ऐलान किया, फ्रांस ने चिंता जताई
तेहरान – ईरान ने रविवार को 2015 में परमाणु समझौते के तहत यूरेनियम उत्पादन की तय सीमा को तोड़ने का ऐलान किया है। उप विदेश मंत्री अब्बास अरागची ने कहा कि ईरान अब भी चाहता है कि परमाणु समझौता बना रहे, लेकिन यूरोप के देश अपनी प्रतिबद्धता से पीछे हट रहे हैं। अमेरिका 2018 में एकतरफा इस समझौते से अलग हो गया था। इसके बाद उसने ईरान पर कड़े प्रतिबंध लगा दिए।
Gold Prices Tracking US yields, Eyes Turn to Nonfarm Payrolls Data
Gold Silver Reports (GSR) – Gold prices were ranging between $1410.36 and $1421.67 on Thursday throughout the European and lack of a US session. The yellow metals moved over to the early Asian closing session at 41415, -0.28% on the day. This followed Wednesday’s futures settlement of $1,420.90 which was the highest finish for a most-active contract since May 2013.