According to a commentary from the official People’s Daily China yesterday that they would impose tariffs on 128 US products, and the news outlet reports that these tariffs were announced in order to ‘balance the losses’ caused by US duties and to protect China’s national interests.
Shanghai Securities News with the piece from China Academy Academy of Social Sciences (CASS), via Bloomberg Add that growth in exports, industrial production may slow in March
Markit manufacturing PMI from the UK (for March) is due on Tuesday 3 April 2018 Due at 0830GMT – expected 54.7 – prior 55.5 (Note – non-manufacturing PMI due later in the week)
A slip lower from the CBA PMI, in contrast to the jump in AiG’s PMI earlier today 54.3 in March (lowest since sept September of 2017) – from 55.6 prior Output 53.4 (from 55.3 in Feb) … and to its lowest reading since sept September 2017 also
Is that earnings season is drawing near US equities are off to the to Q2 since the Great Depression. While Trump’s persistent attack on Amazon is affecting FANG stocks and the industry as a whole, there’s a lot of other stories going on in the background too.
ANZ’s look at the weekly US Commodity Futures Trading Commission (CFTC) data is a little different to what you’ll find elsewhere: Summary of the latest report (for the week ending 27 March 2018) from the bank:
ANZ reporting an unchanged result for job advertisements in March – +11.5% y/y Eyes will be on the RBA statement today in effort to divine how the bank is interpreting labour market conditions
Australian industry Group Performance of Manufacturing Index for March March in at 63.1 (18th consecutive month in expansion and surging) Still strong in expansion, to a huge 63.1, a jump of 5.6 points on the month from already strong levels. This is not often an immediate FX market moving piece of data, but goes into…
Japanese industry minister Seko says that Chinese retaliatory tariffs do not benefit anyone – Declines a comment on the upcoming japan / US summit — Meanwhile, AUD has had a bit of a wiggle, but the range still quite small. A wee bit of bying trickled in helping it add a few points.
Muzinich is formerly of Morgan Stanley, and will be nominated as deputy Treasury secretary – his responsibilities would include international issues