The rebound of pork prices in China has created worries among investors fearing the impact this new sign of inflation could have on the central bank’s easy money policy. Pork prices rising 17% led to expectations that inflation will rise to 2% as food, and pork, is a major component of the CPI. Source Want China Times
– U.S. Ambassador to the United Nations Nikki Haley accused Russia on Monday of “cheating” on U.N. sanctions on North Korea and said Washington has “evidence of consistent and wide-ranging Russian violations.” Source: Reuters
Russia and Saudi Arabia will continue co-operating in the long term, including on the design of a framework for the relations between OPEC and its external partners, a Russian Energy Ministry statement said. Source: Oil Price
U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations. Source: Reuters
