THE DAILY REPORT
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RISK EVENTS (AEDT)
10:30 JPY Unemployment rates
13:10 AUD RBA assistant Gov Bullock speech.
21:00 EUR GDP data
07:30 (wed) API Crude Oil inventory
Major Bloomberg & Reuters News
U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say
The U.S. is preparing to announce by early December tariffs on all remaining Chinese imports if talks next month between presidents Donald Trump and Xi Jinping at the G20 in Argentina fail to ease the trade war, three people familiar with the matter said.
An early-December announcement of a new product list would mean the effective date -- after a 60-day public comment period -- may coincide with China’s Lunar New Year holiday in early February. The list would apply to the imports from the Asian nation that aren’t already covered by previous rounds of tariffs -- which may be $257 billion using last year’s import figures, according to two of the people.
Dollar gains on euro on Merkel exit news, U.S. data helps
The dollar edged higher against the euro on Monday, close to a 10-week high hit last week, on news German Chancellor Angela Merkel would not seek re-election as head of her CDU party.
Merkel said she would not seek re-election as party chairwoman, heralding the end of a 13-year era in which she has dominated European politics.
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