Gold Silver Reports (GSR ) – Trade War News : U.S. Moves Forward on Proposed $200 Billion China Tariff List — The 10 percent tariffs could take effect after public consultations end on Aug. 30, according to a statement from the U.S. Trade Representative’s office Tuesday. The proposed list of goods includes consumer items such as clothing, television components and refrigerators as well as other technology products, though it omitted some high-profile items like mobile phones.
Global Economic
US Stocks Cheered the Favorable Jobs Report and Ignored the Trade War
Trade war? What trade war? The US stocks cheered the favorable jobs report and ignored the trade war that started between the US and China at …
Japan May Preliminary Leading Indicator Index 106.9 vs 106.6 Expected
Gold Silver Reports (GSR) – The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually – so there isn’t much of an impact on this release.
- Prior 106.2
- Coincident index 116.1 vs 116.1 expected
- Prior 117.5
Economic Data Coming up in the European Session – Neal Bhai
0600 GMT – Germany May industrial production data
Prior release can be found here. A minor data point, but will be put together with factory output/orders data to provide a glimpse of sentiment towards the German economy. So far, things haven’t been going well (hence downward GDP forecast revisions) so let’s see if the softness is continuing.
US-China Tariffs: ‘The First Shots to The Trade War are About to be Fired’
Gold Silver Reports (GSR) – U.S. President Donald Trump said on Thursday that tariffs on $34 billion worth of Chinese goods will kick in at 12:01 a.m. EST on Friday morning. China said that its tariffs on U.S. goods would take effect immediately after the U.S. duties kick in.
Canada Jobs Labour Market Report Due
Gold Silver Reports (GSR) – Employment is expected to rise 15,000 in June, following back-to-back monthly declines, the first since late 2014. Job gains have lost momentum in recent months, and we’ll be watching to see if that trend continues or turns a bit more positive again.
The US Kicks off its Trade War against China Today
Gold Silver Reports (GSR) – Today is the official start of US tariffs on Chinese goods; $34 billion – And, to even it all up China is imposing tariffs on US exports by the same amount starting today soon.