Day: December 2, 2019

Futures Fade China PMI Euphoria After Trump Restarts Trade War With Brazil, Argentina

Tina Marie (Ms. Cat)

Top Overnight News from Bloomberg

The House this week begins the solemn task of deciding whether to bring impeachment articles against President Donald Trump, faced with a sharply divided American public, a compressed timetable and doubts about how and if the White House will participate
Peter Navarro, the self-described “bad cop” of Trump administration economic policy, wants to shake up the World Trade Organization
Chancellor Angela Merkel’s government was thrown into crisis after Germany’s Social Democrats redrew the country’s political map by electing a new leadership seen as a threat to the survival of their coalition; Chancellor Angela Merkel’s party told the new leadership that there will be no renegotiation of the terms of their alliance
The Labour Party gained on the ruling Conservatives in four of five polls with two weeks until the U.K. election, with one of them signaling a possible hung parliament
First it was India and South Korea. Now Japan and New Zealand are joining Asia Pacific’s fiscal stimulus bandwagon, raising concerns for bond investors who will be asked to fund the attempt to re-ignite growth
For years, OPEC ignored the rise of the U.S. shale industry and came to regret its mistake. Now, the group is making another bold gamble on America’s oil revolution: that its golden age is over
— Read on www.zerohedge.com/markets/futures-fade-china-pmi-euphoria-after-trump-restarts-trade-war-brazil-argentina

Nice! Bankrupt America! 😡

Trump makes surprise visit to Afghanistan, meets Afghan president

Tina Marie (Ms. Cat)

“In our bilateral meeting, we discussed the important progress we have jointly made in our military efforts in the battlefield, including crushing the Daesh (Islamic State or IS group) in eastern Afghanistan. President Trump appreciated the tireless efforts of the Afghan security forces in this fight,” Ghani said on Twitter early on Friday.
During the meeting at Bagram Air Base, the main U.S. and coalition military base, some 50 km north of Kabul, both sides underscored that “if the Taliban are sincere in their commitment to reaching a peace deal, they must accept a ceasefire.”
— Read on en.people.cn/n3/2019/1129/c90000-9636706.html

China to suspend US Navy visits to Hong Kong over new law

Tina Marie (Ms. Cat)

HONG KONG (AP) — Foreign ministry spokeswoman Hua Chunying repeated Chinese accusations Monday that the Hong Kong Human Rights and Democracy Act “seriously interfered” in Hong Kong’s internal affairs, and appeared to back up China’s threats that the U.S. would bear the costs of the decision.

Along with suspending visits by official U.S. military ships and aircraft, Hua said China would sanction organizations including the National Endowment for Democracy, the National Democratic Institute for International Affairs, Human Rights Watch, the International Republican Institute, Freedom House, and others that she said had “performed badly” in the Hong Kong unrest.
— Read on apnews.com/e8b33f191ac64e55acef0e1405059f02