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4 May 2018

US delegation asks China to narrow trade surplus by $200 bn by 2020 - WSJ

According to the latest Wall Street Journal (WSJ) report, the US delegation urged China to act on the following issues:

“Asks China to narrow trade surplus by $200 bn by 2020.

Asks China not to target US farmers, agricultural products.

Asks China to reduce trade imbalance immediately.

Asks China to halt subsidies for advanced tech.

Asks China not to retaliate against US restrictions on investments from China.

Asks China to cut tariffs on all products to levels no higher than that of US.”

May 4, 2018

Spain Unemployment Change above forecasts (-100.2K) in April: Actual (-86.7K)

Spain Unemployment Change above forecasts (-100.2K) in April: Actual (-86.7K)
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May 4, 2018

USD/JPY recovers early lost ground to sub-109.00 level, fresh weekly lows

   •  JPY continued benefitting from reviving safe-haven demand.    •  A modest USD rebound helps rebound from weekly lows.    •  Focus remains on N
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