The Day Today

– Trump comments on China “they very much want to make a deal” amid talk of China retaliation
– Fed’s Kashkari “I am leaning towards the camp of ‘yes we need to give more stimulus‘”

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– Australian employment data saw the economy add 41 100 jobs vs expected 14 000
– RBAustralia’s Deputy Governor, Debelle, warned of a global “self-fulfilling downturn”

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– Chinese industrial output rose 4.8%, slowest rate in 17 years and below consensus expectations of 5.8%
– Chinese Retail Sales 7.6% against expectations of 8.6%
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– Singapore cuts its growth forecast, 0-1% from 1.5-2.5% for the full year “partly due to the escalation in the US-China trade conflict…Concurrently, the global electronics cycle has entered a sharper-than expected downswing”

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– Boris Johnson accepted an invitation to meet Irish PM Leo Varadkar
– Argentina saw the opposition candidate win primaries by a large margin
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