The Day Today

– China orders all government offices to replace foreign computer hardware and software with domestic products within three years
– China exports fell but imports rose 0.3% vs expected -1.8% fuelling hopes that Beijing’s stimulus measures have stoked demand
–

…

– China to offer tariff waiver to “some” imports of US soybean and pork
– US refused to support a World Bank loan programme for China
–

…

– India unexpectedly leaves rates unchanged due to higher food prices
– German factory orders fall 0.4% vs exp +0.4%
– Australia retail sales disappoint,

…

– Trump’s administration proposed 100% tariffs on French goods and the US trade representative’s office was looking at broadening punitive tariffs on the EU
– RBAustralia keep rates unchanged highlighting lagged stimulus of previous cuts “variable lags in the transmission of monetary policy”

…

– US/China phase one trade deal “optimism now seems premature, if not misplaced” but the US will hold off on implementation of December 15th tariffs reports website Axios
–

…