Gold Silver Reports (GSR) – “The dollar has been weakening since mid-August and the rate hikes for this week and December are pretty fully priced in. Even for 2019 expectations are partly baked in,” said Eric Theoret, FX strategist at Scotiabank.
Global Economic
Global Stocks Slip on Report China Calls off US Trade Talks – Gold Silver Reports
The U.S. and China officially began taxing larger amounts of each other’s goods Monday, and the Wall Street Journal reported that China pulled out of talks that could have led to a new round of negotiations to end the trade war. Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst declines among American stocks.
UK Brexit Sec Raab: PM May’s Proposals Are The Only Credible Plan For Brexit – Gold Silver Reports
UK Brexit Sec Raab: PM May’s Proposals Are The Only Credible Plan For Brexit – Gold Silver Reports
New Zealand GDP to bounce back in Q2 but outlook weighed by weak business confidence
Economic growth in New Zealand has been decelerating since the middle of 2016 even before the general election of September 2017 that brought a Labour-led government into power.
May is said to reject Barnier improved Irish Brexit offer: Times
British PM May to insist to EU that any solution to Irish border issue must be UK-wide
UK Government Source: We Are Clear We Cannot Accept Northern Ireland Being Separated Off From The UK Customs Territory
Breaking News – China says new tariffs on U.S. goods effective at 1201 local hours on Sept 24
China says new tariffs on U.S. goods effective at 1201 local hours on Sept 24 – China says it will increase tariffs on $60 billion worth of U.S. goods in retaliation after President Donald Trump announced new U.S. tariffs on $200 billion worth of Chinese imports.
Trump administration to Impose Tariffs on Approximately $200 bln Worth of Imports from China Effective Sept. 24 -Senior Administration Official
Trump administration remains open to negotiations with China, but no details on talks available -official: Rtrs
Tariff rate on $200 bln list will start at 10 pct, go up to 25 pct at end of year -official