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Macro Briefing | 9 August 2019

Summary:
US-China trade war is pinching global oil demand: WSJIs US oil in the crosshairs for China as trade conflict escalates? CNBCMajority of economists say US-China trade war raising US recession risk: ReutersUK economy contracted in Q2, first quarterly decline since 2012: BBCGerman exports fell sharply in June, the most in three years: BloombergChina’s Huawei unveils phone operating system to replace Google’s Android: APChina’s food prices surge 9% annually due to swine fever outbreak: CNBCUS jobless claims fell last week, continue to signal strong labor market: ReutersPhilly Fed’s US business cycle index (ADS Index) still reflects low recession risk:

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US-China trade war is pinching global oil demand: WSJ
Is US oil in the crosshairs for China as trade conflict escalates? CNBC
Majority of economists say US-China trade war raising US recession risk: Reuters
UK economy contracted in Q2, first quarterly decline since 2012: BBC
German exports fell sharply in June, the most in three years: Bloomberg
China’s Huawei unveils phone operating system to replace Google’s Android: AP
China’s food prices surge 9% annually due to swine fever outbreak: CNBC
US jobless claims fell last week, continue to signal strong labor market: Reuters
Philly Fed’s US business cycle index (ADS Index) still reflects low recession risk:

Macro Briefing | 9 August 2019

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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