© Reuters. Dimon Echoes Trump, China’s Broad Slowdown, Fed Focus: Eco Day

(Bloomberg) — Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • Jamie Dimon is sounding a bit like Donald Trump on China. The JPMorgan Chase (NYSE:) CEO says Trump’s trade fight is simply about “fair” trade, not part of some larger ideological struggle
  • China’s economy continued on a slower trajectory in September, with weakness in manufacturing and retailing combining with the trade war to undercut growth
  • One of the Fed’s more dovish policy makers doesn’t see the need to cut interest rates again because two recent reductions should be enough. Meantime, recent turbulence in U.S. money markets has cast light on a big problem hidden at the root of the Fed’s conduct of monetary policy
  • President Donald Trump and his Japanese counterpart Shinzo Abe touted a limited trade agreement as the U.S. withdrew the threat of imposing auto tariffs for now. Meantime, the WTO will authorize the U.S. to impose tariffs on nearly $8 billion of European goods
  • India’s economic growth showed little signs of a recovery from a six-year-low, with investment and consumption activity in August remaining fairly subdued
  • Bulgarian economist Kristalina Georgieva secured the top job at the IMF, continuing the tradition of a European holding the role while also becoming the first leader from an emerging market
  • Bundesbank President Jens Weidmann hasn’t yet declared himself in favor of a fiscal boost in Germany, but his predecessor has
  • Greece’s new prime minister wants to reduce taxes and improve the investment climate in his country as he attempts to turn the page on the crisis era
  • ECB board member Sabine Lautenschlaeger unexpectedly resigned more than two years before her term ends amid dissent over Mario Draghi’s latest stimulus drive
  • Italian central banker Fabio Panetta is poised to replace Benoit Coeure as one of the ECB’s top policy makers
  • Just when it seemed U.S. stocks would sleepwalk back to a record, bulls got derailed by a new worry: rising odds that Donald Trump will be impeached
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-09-25