Trade
Trump says Steel and Aluminum Tariffs will Remain – Gold Silver Reports
Trump: “If we can’t make deal with the EU, tariffs will be imposed on cars.”
Trump says will keep steel, aluminum tariffs on mexico, canada unless they can do something like quotas
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.
China: Cutting our GDP forecast – Gold Silver Reports
A race between government stimulus and damages from trade war
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.
Trade Is an Afterthought in Stock Market Still Glued to Earnings
Gold Silver Reports (GSR) – Of all the forces swaying equity prices, earnings expectations are the hardest to see. They don’t make headlines, are difficult to quantify and get lost in the din around trade wars and politics.
Russia’s Surgut Awards Shell with 1.2 Million Tonnes of Urals Oil in Tender: Trade
Gold Silver Reports (GSR) – Russia’s Surgut Awards Shell with 1.2 Million Tonnes of Urals Oil in Tender: Trade – According to market participants, the premium to the price formula paid by the winner was a touch above $0.30 a barrel, slightly below the price level achieved in the previous tender.
Government-Owned Banks Surge in Trade
Government-Owned Banks Surge in Trade — Shares of the state-run lenders were witnessing good buying index. Gauge of the government-owned banks — Nifty PSU Bank index rose 2 percent led by gains IDBI Bank, Allahabad Bank and Bank of India.