On Tuesday China decided to scrap current limits on foreign ownership of cars, ships and aircraft in 2018 signalling an opening of markets Germany’s largest industry group (BDI) welcomed China’s announcement with , stating that , “the end of the joint venture constraint for the production of cars, airplanes and ships is a first set…Details
Kremlin says unfriendly moves by United States towards Russia still continue, can’t rule out more moves in future because of Washington’s unpredictability Who ya callin’ Unpredictable???Details
BlackRock money manager Scott Thiel notes that the EUR/CHF returning to 1.2000 without the need of the SNB’s defence will be a victory for the SNB He questions what happens when 1.2000 is breached – where will price go. He notes that the Swiss monetary policy is unlikely to change before the ECB so he…Details
Russia has joined China, India and the EU in demanding compensation from the United States regarding its decision to impose worldwide tariffs on steel and aluminium.
Nathan Sheets was an under secretary at the US Treasury for international affairs Now head of Global Macroeconomic Research at PGIM Fixed Income (part of Prudential Financial). Interviewed on Bloomberg telly:Details
IMF finance chief, Tobias Adrian, say investors should prepare for more volatile times ahead. He states that investors have become complacent being used to low inflation conditions and easy central bank money.
Takahide Kiuchi, a former board member at the Bank of Japan in an interview I’m just posting this out of interest. Bloomberg have the full piece hereDetails
Adam has a comprehensive preview posted here: Bank of Canada preview: A meeting with global implications Policy statement, rate decision plus the Monetary Policy Report (today with revised revised forecasts) 10am ET (1400GMT)Details
Kaplan on Fox Business – US growth will moderate next year and in 2020 I’ll bring updates from the interview if there are more headlines. Meanwhile, the question for the Fed in the months ahead is whether they will brush aside one-time inflationary items in the same way as they brushed aside one-time deflationary items.…Details