Free Trial

A few points of note during the final..........>

ASIA
ASIA: A few points of note during the final Asia-Pacific session of the week:
- China's Loan Prime Rate (LPR) fixing headlines, with scope for a lower fix on
the back of the RRR cut, although, as we have noted prev., this isn't a given.
- Elsewhere, focus will fall on Japan, with CPI data due after the BoJ noted
that it is paying "closer attention" to the risk of losing momentum towards its
2.0% inflation goal. 5-25+ Year BoJ Rinban ops will also be conducted.
- On the Sino-U.S. trade front it is worth recapping some developments from NY
hours. WH advisor Pilsbury told the SCMP that Trump had been "remarkably
restrained in the pressure he has brought to bear on China in the trade field.
Stressing that "the tariffs can be raised higher. These are low level tariffs
that could go to 50% or 100%,", adding that Trump's critics were wrong to assume
the president was "just bluffing" when he threatened an all-out trade war.
"There are other options involving the financial markets, Wall Street," he said.
- Also, CNBC highlighted that after the jnr ministerial level talks wrap up this
week a small group of Chinese off'ls are planning "a trip to farm country to
meet face to face with the producers whose finances have been deteriorating."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.