Wed, 12 Aug 2020

The escalating trade war means investors won't have long to chew over the outcome of weekend meetings of central bankers in Wyoming and world leaders in France.

Friday saw the US and China move further away from a deal to resolve frictions as China introduced plans for fresh levies and President Donald Trump responded.

The tit-for-tat thwarted the hopes of investors that President Donald Trump will grant some sort of reprieve ahead of the September 1 deadline for tariffs on about $110bn of Chinese goods.

Here's our weekly rundown of other key economic events and click here for more from Bloomberg Economics:

Japan, US reach broad agreement on trade deal - reports

Botswana will probably also hold its key rate on Thursday after inflation started picking from a record low in April. Zambia's inflation data on Thursday could support the central bank's projection that the rate will remain above its target band of 6% to 8% for most of the next two years, strengthening the case to continue bucking the global trend and tighten policy.


India's central bank board is set to meet on Monday. On the agenda: a decision on how large the final dividend to the government should be after having already made an interim payout of 280 billion rupees. India's GDP report on Friday may encourage further easing.

After its surprise rate cut in July, the Bank of Korea will meet again to set monetary policy on Friday. And on the data front, China's industrial profit numbers on Tuesday and a factory purchasing managers index on Saturday will be closely watched to see how the industrial sector is faring under the weight of sluggish growth at home and trade strains with the US.

In Hong Kong, July trade and retail sales data will likely show the economy continues to be affected by the trade war and local protests.

Latin America

Argentina remains in the spotlight of investors as its October election nears amid fears that presidential front-runner Alberto Fernandez will try to restructure the country's debt. Brazil may narrowly dodge recession this year, but second-quarter data due on Thursday is likely to show Latin America's largest economy remains stalled after contracting in the first quarter.

On the same day, Mexico's central bank will publish minutes of its latest monetary policy meeting when it decided cut rates for the first time in five years. The account, combined with a quarterly inflation report due on Wednesday, will help investors gauge how much lower rates can go in Mexico.

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