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2019/08/02 / Erste Group Research

Week ahead - Trump tweet for central banks

President Trump surprised the markets on Thursday with the announcement that USD 300bn in imports from China would be subject to a tariff rate of 10% from September 1. Hopes of a calming of the conflict are thus not only dashed, but esalation seems inevitable, as countermeasures by China will probably not be long in coming.

This announcement by the US President increased the risks of an economic slowdown, which are of crucial importance for both, the ECB and the US Fed. In both economic regions, the continuing uncertainty will weigh on the economy.

The deterioration in the environment, together with our new expectations for monetary policy, results in a lowering of yield forecasts.

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General information

AuthorErste Group Research
Date2019/08/02
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
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