INT
US services and shelter inflation will gradually ease
US headline inflation edged lower for the first time in three months and core inflation was the slowest this year
United StatesThe consumer will lead a very modest recovery in Japan
Japan’s GDP contracted in January-March with consumption, investment and net trade all declining
JapanSteady wage and price growth is in sight for Japan
Having raised rates for the first time in decades, the BoJ sees a modest wage-price spiral and further rate rises ahead
JapanEU and UK rules on financial trading will diverge
As risks rise, EU and UK legislation on derivatives trading and alternative investment funds is also expanding
InternationalEU budget shrinkage forecasts may come under pressure
The European Commission predicts very modest GDP growth, markedly lower inflation, and quite marked budget austerity
EUPlatinum supply shortfall will eventually raise prices
Platinum prices are modest but will rise in the coming years when fuel cell progress lifts demand
InternationalUS-China trade tensions are only likely to increase
The White House will today announce higher and broader tariffs on a range of Chinese imports in strategic sectors
InternationalChina budget spending will lift infrastructure and GDP
A CNY1tn special issuance of long-dated sovereign bonds is aimed at supporting the economy
China
