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German Industrial Output Unexpectedly Gains in Euro-Zone Boost - Bloomberg German Industrial Output Unexpectedly Gains in Euro-Zone Boost Paul Gordon 8 maggio 2019, 08:10 CEST March production rises 0.5% versus estimated 0.5% decline German industrial output unexpectedly advanced for a second month in March, bolstering confidence that Europe's largest economy may soon start climbing out of its rut. Production increased 0.5 percent, beating the estimate for a 0.5 percent decline, though the previous month's gain was revised down to 0.4 percent. The March performance was led by consumer goods, while construction -- a bright spot the previous month -- rose 1 percent. Output was down 0.9 percent from a year earlier. The euro ticked slightly higher on the news, and was up 0.2 percent to $1.1212 as of 8:03...

After Trump's tweets, three main outcomes to US-China talks Much will depend on how Beijing reacts to the threats from the US president James Politi May 6, 2019 6:49 pm Last week both sides had hinted strongly that the US and China were near an agreement © AP Donald Trump's tweets on Sunday afternoon shattered the air of inevitability that surrounded the prospects of a deal to end the US trade war with China. By giving Beijing an ultimatum — either make new concessions or face higher tariffs by Friday — Mr Trump  raised the stakes and signalled that he was prepared to see the talks collapse.  But while the risk of failure has risen, there is still a wide range of outcomes to the negotiations this week, and much will depend on how Beijing reacts to the threats from the US president. Here are the three main scenarios: 1. A new escalation Mr...

April Jobs Smash Expectations, Soar By 263K, But Wage Growth Muted | Zero Hedge While overall expectations for the April payrolls number were generally in line, the "whisper" was for some weakness below the 190K consensus as a result of delayed census hiring. However, it was just not meant to be as the US job  market juggernaut continues to accelerate, and moments ago the BLS reported that in April the US economy added another 263K, smashing expectations of a 190K print, and well above both the March (189K) and February (56K) prints. The April print was well above the average monthly gain of 213,000 over the prior 12 months. Payrolls were highlighted by  strength in construction (+33,000), professional and business services (+76,000), education and health services (+62,000); weak spots include manufacturing (+4,000) and retail (-12,000), the third straight decline. The change in total nonfarm payroll employment for February was revised up from +33,00...

China's African swine fever outbreak and US trade war combine to create perfect storm for Chinese economy | South China Morning Post China's African swine fever outbreak and US trade war combine to create perfect storm for Chinese economy Beijing placed 50-70 per cent tariffs on US pork imports to punish farm states that support US President Donald Trump But with African swine fever threatening 200 million pigs, the biggest consumer of pork in the world is facing a shortage as demand and prices rise For some US pork products, Chinese buyers have to pay duties up to 70 per cent just to get them past customs. In 2017, China – by far the biggest producer and consumer of pork in the world – imported only 2 per cent of its total pork. Photo: Bloomberg Zhu and many other pork traders in China – as well as the US – are watching anxiously as negotiators from both sides iron out the finer points of a deal to end the trade war, potentially scaling back pork tariffs in th...

https://www.theguardian.com/business/2019/may/05/trump-escalates-trade-war-with-china-with-plan-to-raise-tariffs

Fabrizio  Inizio messaggio inoltrato: Da: faber Fla < fabrusvr@gmail.com > Data: 24 aprile 2019 18:36:14 CEST A: Fabrizio Russo < fabrustra@gmail.com >, Fabrizio Russo < fabruslab@gmail.com > Oggetto: ESN STRATEGY CONFERENCE CALL TEMPLATE BERNARD MC ALINDEN     1)       BRIEF ON RECENT DATA     2)       TRADE   Trump escalates trade war with China with plan to raise tariffs Move to hike import tax to 25% is blow to hopes that US and China were closing in on deal Graeme Wearden Sun 5 May 2019 12.48 EDT Share on Facebook Share on Twitter Share via Email Donald Trump has escalated the trade war with China by announcing plans to hike the tariff imposed on $200bn of Chinese goods from 10% to 25% on Friday. The US president also threatened to impose tariffs on all Chinese trade with America, a move that could further destabilise relations between the two eco...