China’s overall economic performance in terms of GDP depends on whether fiscal stimulus and monetary easing are big enough and happening fast enough to offset the negative impact on exports and related manufacturing activity from the ongoing trade war.
Futures in New York closed down 0.2 percent on Thursday. Iran is in the midst of a currency collapse, water shortages and deadly street protests as U.S. sanctions isolate the regime and some of the Islamic Republic’s biggest oil buyers look elsewhere for supplies. But the intensifying dispute between the world’s largest economies took center stage, imperiling economic growth.
Gold Silver Reports (GSR) – With bond markets seemingly taking the summer off, the dollar is taking its lead from the direction of the yuan. Since the PBoC decision to raise the reserve requirement ratio last week, the yuan has stabilised but also has begun to edge a touch stronger against the dollar. This is cramping the move higher on the Dollar Index, which is latterly consolidating.
Gold Silver Reports (GSR) – President Donald Trump has suggested he may tax effectively all imports of Chinese goods, which reached more than $500 billion last year.
Breaking News : China Reserves Rights For More Retaliation Measures: MOFCOM China Govt Says It Will Immediately Impose The Import Tax Measures If The U.S. Starts …
Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage in negotiations, according to the people who spoke about the deliberations on condition of anonymity.
Gold Silver Reports – Tallying Up the Trade-War Victims – President Donald Trump has taken flak for saying “trade wars are good and easy to win,” but merely responding “trade wars are bad and easy to lose” isn’t much more convincing. What we really need are hard numbers. In the latest corporate earnings season, we’re starting to get them.