Tariff-Tantrum,
Walmart-Warning, & Dollar-Dump Spark Global Stock-Buying Panic (Except US
Tech)
What Happened This Week in the World Economy and What It Means – BB
What Happened This Week in the World Economy and What It Means – BB
U.S.,
China trade fresh tariff plans, direct talks imperiled
Take Five: World
markets themes for the week ahead – Reuters
EcoWeek – BNP
PARIBAS
Judging
by the recent developments in financial markets, investors feel more upbeat. On
the economic front (growth and the outlook for monetary policy) nothing has
really changed. The euro has benefitted from the ‘risk-on’ environment despite
a widening interest rate differential with the US.
Week
in Focus – Ransquawk
Week Ahead: Borio
is back
– Nordea
Higher
rates on the back of Chinese stimulus, a hawkish Fed & pension deadline * If
Borio is back, then it’s bad news for asset prices/cyclicals * Riksbank
suddenly out-hawking Norges Bank, or is it?
Weekly Focus:
Italy countdown
– Danske
Bank
US:
Fed to hike to target range to 2.00-2.25%,
PCE core inflation to rise +0.1% m/m which leaves y/y unchanged at 2.0%
* Trade wars: Still waiting an official response to US invitation to high-level
talks * Euro area: inflation to slow further to 2.01% y/y * Italy: budget
deficit, in line with EU regulations or not
Strategy: Trump’s
trade crusade: good or bad for world economy? – Danske
Bank
The
tit-for-tat trade dispute between the US and China escalated this week. However,
the market reaction was positive, as the actions were not as bad as expected. Indeed,
both countries pushed for lower trade barriers (with other countries). While it
will be a long and difficult path, we think a deal will be reached eventually. This
may actually leave the world economy better off than before the whole trade
dispute started.
Global Week Ahead – Scotiabank
US-China
trade tensions may set an awkward backdrop for Wednesday’s FOMC decisions and
communication
while a fairly heavy week for data releases brings summer to a close.
Weekly Market
Outlook
– Moody’s
Higher
Interest Rates Suppress Corporate Borrowing
Weekly Market
Comment
– Marc
Chandler
Greenback's
Downside Correction is Over, or Nearly So
Weekly Macro
Comment
– Marc Chandler
FX Weekly – Nordea
We
judge that a return of the twin deficit story seems consistent with most moves
over the past week, though it’s too early to tell if that’s where we’re truly
heading in these fishy markets. Our portfolio is at a cross-road, we add long
NOK/SEK.
G10 FX week ahead:
Rose-tinted glasses
– ING
Having
seen risky assets survive the latest escalation in the US-China trade war,
investors have rushed to cut long USD/short EM positions. And we've seen some
substantial rallies in commodities too. However, were it not for the adjustment
of long dollar positioning, we doubt markets would be looking so rosy. We're
cautious on risk in the week ahead