Morning Brief – August 21st 2020
Americas
#Trump Threatens Tariffs for U.S. Companies That Won’t Move Jobs Back – Bloomberghttps://t.co/ctCFkqUQwm
— Christophe Barraud (@C_Barraud) August 21, 2020
Commerce probes alleged dumping of Chinese trailer chassis and sub-assemblies – Reutershttps://t.co/zKEZq4zkd1
— Christophe Barraud (@C_Barraud) August 21, 2020
U.S., #China differ over plans for Phase 1 #trade deal talks – Reuters – Reutershttps://t.co/1Fr1FbSZCO
— Christophe Barraud (@C_Barraud) August 21, 2020
Lighthizer offers 5 suggestions for reforming the @wto:
• Set ‘baseline’ tariffs that apply to all w/ min. exceptions
• Offer true MFN; end the FTA ‘land grab’
• No SD&T for big economies
• New rules to curb ’s ‘state capitalism’
• Turn DSB into a single stage process. pic.twitter.com/1hahwFerJE— Bryce Baschuk (@bbaschuk) August 21, 2020
Fed Chair Powell to speak on Fed's framework review next Thursday https://t.co/iydhEZKKXY pic.twitter.com/d2yUX5LlTB
— Reuters Business (@ReutersBiz) August 20, 2020
Asia
#SouthKorea August 1-20 Exports Y/Y: -7.0% v -7.0% in July (full month)
*Average Daily Exports Y/Y: -3.7%❗ v -7.0% in July (full month)
*Link (Korean): https://t.co/nhrvEiiucM pic.twitter.com/cy7b7QqSRU— Christophe Barraud (@C_Barraud) August 21, 2020
#AUSTRALIA AUG PRELIMINARY PMI MANUFACTURING: 53.9 V 54.0 PRIOR (3rd straight expansion)
*PMI Services: 48.1 v 58.2 prior (1st contraction in 3 months)
*PMI Composite: 48.8 v 57.8 prior (1st contraction in 3 months) pic.twitter.com/UCxN3mcirx— Christophe Barraud (@C_Barraud) August 21, 2020
#JAPAN JULY PRELIMINARY PMI MANUFACTURING: 46.6 V 42.6 PRIOR (16th straight contraction)
*PMI Services: 45.0 v 45.2 prior (7th straight contraction)
*PMI Composite: 44.9 v 44.9 prior (8th straight contraction)
*Link: https://t.co/TkJFi584A8 pic.twitter.com/U6xO6TQVyr— Christophe Barraud (@C_Barraud) August 21, 2020
Japanese inflation stays at zero even as economy reopens https://t.co/fnxhRUKfUA
— Bloomberg Economics (@economics) August 21, 2020
The minutes of the Indian central bank’s interest rate-setting panel meeting showed its members have turned more hawkish over inflation https://t.co/zsw1TdYDPb
— Bloomberg Economics (@economics) August 21, 2020
Europe
#Europe Covid-19: Daily Summary (August 21st) https://t.co/Wp2upY0i35
— Christophe Barraud (@C_Barraud) August 21, 2020
Merkel Warns #Europe Against New #Virus Lockdowns ‘At Any Cost’ – Bloomberghttps://t.co/E5R44LpOzU
— Christophe Barraud (@C_Barraud) August 21, 2020
Pessimism Returns to #Brexit Talks as Hopes for Deal Slip Away – Bloomberghttps://t.co/8QHd9px2tM
— Christophe Barraud (@C_Barraud) August 21, 2020
Speculation is mounting that Turkish President Recep Tayyip Erdogan will announce details of a major energy discovery in the Black Sea on Friday https://t.co/MxjpW8oY4D
— Bloomberg Economics (@economics) August 21, 2020