img CDN
img AUS
img NZ
img US
Call us now: 1.844.363.7297
imgOnline Dealing Login

US-China Trade War Continues | US Annual PPI Drops

Published June 11, 2019
  • US President Donald Trump has threatened to slap more tariffs on at least $300bn worth of Chinese exports if US and China are unable to come to a trade deal later this month at the Group of 20 Summit in Japan.
  • The US producer price index advanced a seasonally adjusted 0.1 percent in May from a month earlier, wherein annual PPI dropped to 1.8 percent vs 2.0 percent expectation. The US Dollar Index was trading flat on the day at 96.81 levels.
  • WTI oil prices stabilized around $54 a barrel on Tuesday as firmer equities coupled with expectations that OPEC and its allies will keep withholding supply countered concern about slowing economies and demand.
  • Mexican President Andres Manuel Lopez Obrador reiterated that they are optimistic to deal with the immigration issue. Obrador said that Mexico will continue with the policy of non-confrontation, of pursuing negotiation, and maintaining good relations with the US.