World economy talk

[uls]

the big 3 central banks' decisions this week

Fed overnight

ECB Thursday

BOJ Friday

[Monseratto]

China economic performance is starting to look a little scratchy - Business Insider

Chinese economic data missed across the board in May, creating renewed concerns over a slowdown in the second half of the year.

Investment in fixed assets in urban area was particularly weak, driven primarily by softer infrastructure work.

According to China's National Bureau of Statistics (NBS), urban fixed asset investment grew by just 6.1% between January to May compared to the same period a year earlier, well below the 7.0% annual increase seen in the first four months of the year.

It was the weakest growth seen since February 1996, according to Reuters calculations, and well below the unchanged reading expected by economists.

The NBS said the sharp deceleration largely reflected weaker infrastructure investment.

Investment in the private sector — accounting for around 60% of total investment — grew at an annual pace of 8.1% in the first five months of the year, down from 8.4% between January to April.

[uls]

It's ECB day

Expect no change

but watch for guidance on QE exit

[Monseratto]

Also tomorrow is the implementation of $50 bin tariffs on China by Trump...

[uls]

The euro fell despite ECB signaling end of QE by year end

Rates to stay low “at least through the summer of 2019 and in any case for as long as necessary”

That put downward pressure on the euro

[Monseratto]

US-China trade war has begun.

https://www.washingtonpost.com/ampht...?noredirect=on

Sent from my SM-N9005 using Tapatalk

[baludoy]

^ how would this trade war really affect us?

do what you gotta do so you can do what you wanna do

[uls]

US-China trade war has begun.

https://www.washingtonpost.com/ampht...?noredirect=on

Sent from my SM-N9005 using Tapatalk

[uls]

[Monseratto]

Though I agree with Trump punishing the Mainlanders for forcing US manufacturers to handover intellectual properties and technology rights so they can do business in that country.


But American producers, greedy as they are, with no longer having to worry against price competition...

Local newspapers across the heartland are full of similar tales of value destruction and lost income as a result of Trump trade war tweetism. In Great Lakes states, traditional steel makers might benefit from the administration’s 25 percent tariff on foreign steel. But for steel users, it’s an entirely different story. Shortly after tariffs were announced, steel suppliers, no longer as fearful of price competition, began jacking up prices — they’re no fools. That has meant a 40 percent increase since January in the cost of steel for their customers who use it in their finished products, according to the U.S. Chamber of Commerce. They can either pass that increase on to you or be less profitable.

The story is the same with aluminum: Brewers are forecasting that they’ll pay $347.7 million more for aluminum cans. That has small craft-beer makers such as Melvin Brewing in Alpine, Wyo., which packages 75 percent of its products in cans, fretting about impending prices rises and the risks of passing them along to consumers. Try not to be bitter about it.

Opinion | Chinese Tariffs Are Already Hitting Trump Voters - The New York Times