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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
So... turns out a US-China....>
GLOBAL MARKET/OPINION: So... turns out a US-China deal is proving hard to come
by after all. Two things of note from the WSJ piece, both hinge on domestic US
politics. 1st: "President Trump... hasn't yet made his decision, and he has
overridden his advisers on trade several times to add tariffs."
- 2nd: "administration officials generally agree with the assessment [that
Republicans lost five seats in the 2018 Congressional elections because of the
tariff war] and are looking for a China deal they can claim as a victory".
- Notes agri buys by China - cementing Midwest support in 2020 - are a big
component for Trump (as article says, Trump's "top priority for a near-term
deal"). Article specifies conditions for Chinese agri buys including quarterly
review of purchases, and that amount of buys wouldn't drop by 10% in any qtr.
- Worth reading the research cited in the article re Republican losses in 2018
partly due to the trade war, if you haven't seen:
https://voxeu.org/article/trump-s-trade-war-cost-republicans-congressional-seats
-2018-midterm-elections
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.