The Day Today 9th August 2019

– White House delays plan to grant licences for American companies to deal with Huawei
– RBAustralia monetary statement confirms low rates for a long time as risks slanted to downside, subdued consumption, global activity
– RBAustralia Governor Lowe confirms they’re ready to ease again
– Japan GDP beat forecasts at 1.8% vs expected 0.4%
– China factory gate prices fell, producer prices -0.3% vs expected -0.1%, as consumer prices see 2.8% uptick with soaring food prices (swine flu)
– PBoChina set yuan reference rate at 7.0136
– Brexit news sees Corbyn concerned about an election as No Deal goes through, The Telegraph reports Boris will call a snap election immediately after we leave, Bojo himself calls for EU ‘common sense’ and Chancellor Sajid Javid announces spending review
– Mattel share price plunged after it pulled a bond sale over “an anonymous whistleblower letter”

US equities had their biggest gain in two months as investors took comfort from China’s increased export data. Asian equities were more circumspect as trade tensions resurfaced in the form of the Huawei licence news (above)

The Week That Will Be includes Norway inflation, UK GDP, Canada Employment, US PPI

On this day in 1945 the US dropped an atomic bomb on Nagasaki as B-29 “Bocks Car” delivered “Fat Man”

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