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Busy Week Ahead
The week ahead is eventful. The Federal Reserve, the European Central Bank, and the Bank of Japan hold policy meetings. This would make for a busy week by themselves, but there is more. Trade tensions are likely to escalate further, if the US, as scheduled provides a list of $50 bln of Chinese goods that will face another 25% tariff for intellectual property violations. If the US does so, China has threatened to retract some of the concessions it has made. The US Administration is claiming to be a victim of past US leaders apparently going back to before WWII and nearly every country with which the US trades. Trump ... (full story)