China’s Premier Li speaking as part of the meeting with the EU, President Donald Tusk attending Comments from Li: ForexLive
June month economic activity data Retail Sales 9.0% y/y – expected 8.8%, prior 8.5% Retail Sales YTD 9.4% y/y – expected 9.4%, prior 9.5% Industrial Production 6.0% y/y – a bad miss this one
Some housing prices data from the UK, these for July -0.1 % m/m – prior +0.4% m/m +1.4 % y/y – +1.7% prior Rightmove: – says a ‘glut’ or property came onto market in July Not a forex mover.
A heads up to India becoming the world’s sixth largest economy The World bank has shoved France down to number 7 with India replacing it just outside the top 5.
April to June economic growth in China is (whatever China says it is, right?) 6.7% y/y – in line with estimates – expected 6.7%, prior 6.8% – expected 1.6%, prior 1.4% 6.8 % YTD y/y
On most days the official People’s Daily newspaper manages to run a photo of Chinese President Xi on the front page The frequency of his appearances on the front page have, though, been declining
Donald Tusk is President of the European Council Speaking today in Beijing: – Common duty of Europe, China, America and Russia to not begin trade wars – Calls on China, Prezzies Trump and Putin to reform the WTO
The meeting is in Helsinki, Finland. Reports have it scheduled to begin at 6.15am east coast (US time) Who will keep who waiting? That’ll all be part of the posturing from these two tough guys.
Since US President Trump has begun threatening China in the trade war, and implementing his first round of tariffs along with other barriers to trade, China has dropped its tariffs on automobiles from 25% to 15%.
Goldman Sachs expected to formally name David Solomon new CEO – Successor to CEO Lloyd Blankfein I wonder if Solomon gives up his side DJ gig? ForexLive