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EMERGING MARKETS: Global News: March 10

EMERGING MARKETS
  • US (WSJ) – President Trump declined to rule out that the US economy would contract this year and enter a recession, saying that his sweeping economic agenda could cause short-term turbulence that he believed would drive future prosperity.
  • US / RUSSIA (BBG) – Russia is not planning a new round of talks with the US in Saudi Arabia this week, Foreign Ministry’s spokeswoman Maria Zakharova said, according to Tass. Russia hasn’t received any information from the US side, Tass also cites Zakharova as saying. CNN reported earlier today that top officials from Donald Trump’s administration would meet separately with Russian and Ukrainian officials in Saudi Arabia this week.
  • CHINA (MNI) – CPI inflation fell to -0.7% y/y in February, marking the first contraction in 13 months, following January's 0.5% growth and below the -0.4% consensus, data from the NBS showed on Sunday. Food prices, which fell 3.3% due to high base effects and warmer weather boosting supply, contributed a 0.6 percentage point drag to the headline figure, the largest negative factor along with cuts to car prices.
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  • US (WSJ) – President Trump declined to rule out that the US economy would contract this year and enter a recession, saying that his sweeping economic agenda could cause short-term turbulence that he believed would drive future prosperity.
  • US / RUSSIA (BBG) – Russia is not planning a new round of talks with the US in Saudi Arabia this week, Foreign Ministry’s spokeswoman Maria Zakharova said, according to Tass. Russia hasn’t received any information from the US side, Tass also cites Zakharova as saying. CNN reported earlier today that top officials from Donald Trump’s administration would meet separately with Russian and Ukrainian officials in Saudi Arabia this week.
  • CHINA (MNI) – CPI inflation fell to -0.7% y/y in February, marking the first contraction in 13 months, following January's 0.5% growth and below the -0.4% consensus, data from the NBS showed on Sunday. Food prices, which fell 3.3% due to high base effects and warmer weather boosting supply, contributed a 0.6 percentage point drag to the headline figure, the largest negative factor along with cuts to car prices.