Trade Deficit

The Week's Key Events: All Eyes On The ECB

With the US markets closed today, market events this week will be dominated by G10 central bank meetings, among which the ECB stands out. In the US, the key economic release this week is ISM non-manufacturing on Wednesday, while several Fed officials are scheduled to speak this week.

Pat Buchanan Asks "Can The GOP's Shotgun Marriage Be Saved?"

What seems apparent is that the historic opportunity the party had in January, to forge a coalition of conservatives and populists who might find common ground on immigration, trade, border security, spending, culture and foreign policy, is slipping away.

Key Events In The Coming Week: Payrolls, Core PCE, GDP, ISM And More

After last week's relatively quiet economic calendar and focus on Central Banks, attention this week turns back to data. In a relatively busy data week ahead - particularly for the US - focus will likely be on Friday's NFP, Q2 GDP revision on Wednesday, ISM manufacturing reports on Friday and inflation prints from the Eurozone.

China Warns Of "Looming Trade War" With India In Retaliation To Anti-Dumping Duties

"A trade war between China and India seems to be looming after the latter moved last Wednesday to impose anti-dumping duties on 93% from China," China's Global Times warned, adding that "if India really starts a trade war with China, of course China's economic interests will be hurt, but there will also be consequences for India."

Global Stocks Rise Amid Unexpected ECB "Trial Balloon"; Dollar Flat Ahead Of Fed Minutes

European markets continued their risk-on trend in early trading, rising to the highest in over a week and rallying from the open led by mining stocks as industrial metals spike higher after zinc forwards hit highest level since 2007. The EUR sold off sharply, boosting local bond and risk prices after the previously discussed Reuters "trial balloon" report that Draghi's speech at Jackson Hole would not announce the start of the ECB's taper.

Mapping The Foreign Trade Debate - Where Do 'You' Belong?

"Concerned that we might be headed for a repeat of the Great Depression era’s race-to-the-bottom tariff wars? Or, maybe you’re relieved that diplomats are no longer being diplomatic? We suggest stepping back to review your armchair-policymaker options - answer these two questions..."

Trump Warns Xi: Trade War With China Begins Monday

As if there weren't enough geopolitical stress points in the world to fill a lifetime of "sleepy, vacationy" Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he's preparing to order an investigation into Chinese trade practices next week, effectively launching trade war with China.