Ambrose Evans-Pritchard is back, and big time! Warning of a US / China war More of AEP’s opinion piece at the Australian Financial Review, which may be gated:
US jobs data is due Friday 6 April 2018 – the March nonfarm payroll report Preview via Barclays: Westpac:
ArticleBody Canadian trade balance data for February is due Thursday 5 April 2018 A couple of previews, and not all the same way … (bolding mine) BMO:
Stephen Roach is a former chair of Morgan Stanley Asia (now at Yale), here he is on CNBC on China and USTs – a risk China could look at selling some of its U.S. Treasurys (China is the largest holder of U.S. debt, holding $1.17 trillion in Treasury bonds) Roach sounding an alarm bell, but…
Australian trade balance data beats estimates, coming in at a surplus of 825m AUD – expected +725m AUD – prior +952m AUD, revised from +1055m AUD Both export and imports of goods & services for the month are showing 0% change (m/m).
The data agenda is not going to be too much of a focus during Asia today, barring any big surprises. Unlike yesterday when Aussie data (the ) helped the AUD to gain on the session.
Crypto is in tough shape Hope springs eternal at the turn of the calendar. April is a seasonally strong month for Bitcoin but that a handful of important caveats.
Fresh reports that a deal is closer on autos USD/CAD dropped on this headline but reports all week have said they’re close on autos. I to some earlier. linked In any case, Bloomberg is reporting that Trump’s new autos proposal softens the demand that 85% of some components be built in the US. The new…
I get the feeling this is all theatre Hear me out: Trump wants is preparing to sign off on NAFTA and he needs a win to go along with it. He talks to Mexico about this annual caravan from Honduras and makes a big deal about it on twitter. Mexico plays along but has already…
Oracle CEO talked about Amazon in private dinner with Trump yesterday If you’re can’t beat ’em clean, beat ’em dirty. Bloomberg that Oracle’s co-CEO had dinner with Trump last night and criticized the bidding process for a Pentagon cloud computing contract, complaining that Amazon had the advantage.