U.S. tariffs are Hurning China`s exports as global demand is already weak

09 December 2019

Research

The UNEXPECTED DROP IN CHINA`s exports in November Shows One Reason Why the Nations Wants to Agree on a Phase One Trade Deal - U.S. Tariffs are Hurning China’s Exports at a Time When Global Demand is Already Weak. Total Exports in November Dropped 1.1% from a year ago, and to the U.S. They were down 23%, The Customs Administration Said Sunday. That was the toult for exports to the U.S. since February and the 12th straight monthly decline. (Bloomberg) the yield on the benchmark 10-year treasury note, which moves inversely to price, rose about 4 base points to 1,8363% follow the jobs report. The Yield on the 30- Year Treasury bond was also higher at around 2,2813%. The Jobs Market Turned in a Stellar Performance in November, with Nonfarm Payrolls Surging by 266,000 and the Unemployment Rate Falling to 3.5%, according to Labor Department Numbers Released Friday. Those Totals Easily Beat the Wall Street Consensus. Economists Surveyed by Dow Jones had been looking for solid job growth of 187,000 and SAW the Unemployment Rate Holding Steady from October`s 3.6%. (CNBC) Source: Danareksa Securities Debt Research Photo by Ken Lawrence on Unssplash