Gold Silver Reports (GSR) – Central bank officials announced Thursday that they will look at “strategies, tools, and communication practices” the Fed uses to formulate monetary policy.
global economics
Bad Financial Moon Rising
BASEL – No one should overestimate economists’ powers of understanding. Just as the magnitude of the global downturn that began in mid-2008 took most economists completely by surprise, so did the sclerotic nature of the recovery. Similarly, economic forecasts today appear to be nothing more than hopeful extrapolations of recent growth.
China’s Wang says China will not be blackmailed or yield to pressure over trade – GSR
China’s Wang says China will not be blackmailed or yield to pressure over trade GSR — Days after U.S. President Donald Trump denounced globalism at the United Nations, China positioned itself Friday as a “champion of multilateralism” that is keeping international promises when Washington is backing away from them.
Data on China’s Manufacturing Growth will Likely show Further Slowdown in September
The Caixin Purchasing Managers’ Index for China’s manufacturing sector is expected to come in at 50.5 points for September, according to estimates by Reuters. That’s below August’s 50.6 points and the lowest reading since June 2017.
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.
Draghi : Significant Stimulus Still Needed to Support Inflation – Gold Silver Reports
Draghi says underlying strength of economy continues to support confidence.
ECB Draghi — Latest data point to ongoing, broad-based growth
ECB sees 2018 GDP growth at 2.0 pct vs 2.1 pct seen in June
UK labour Market: September 2018 – Gold Silver Reports
Estimates of employment, unemployment, economic inactivity and other employment-related statistics for the UK.
US-China Trade War is Helping to Boost use of Yuan in International Transactions – GSR
The trade war initiated by the United States is actually helping China achieve one of its coveted long-term financial goals – the greater use of its currency, the yuan, in international commerce and financial transactions.