-
Trade Tensions and EU Summit Highlight Q2's Last Week
We argue there are three major disruptive forces that are shaping the investment climate: the US policy mix in relative and absolute terms, the escalation of trade tensions, and immigration. In the week ahead, trade issues may eclipse the US policy mix, and immigration will compete with the economic and financial agenda at the European heads of state summit at the end of the week. The People's Bank of China made good on its recent signal and announced a 0.5% targeted cut in the reserves requirement ratio, effective July 5. The funds freed up will stay in the banking system and will likely be used to repay MLF ... (full story)