Out within the have and havenots of retail, the targets versus the macys and jcpenneys. We have the oecd cutting its Global Growth forecast for this year, in particular germany. They see growth up there just 0. 4 . But the market goes nowhere. The markets really want to drive higher here. For globalow exchange, where we bring you todays market moving news from all around the world, from beijing to new york to atlanta. Our bloomberg voices are on the ground with this mornings top stories. In china, top trade negotiator liu he says he is cautiously optimistic on a trade deal. Shawn donnan joins us from beijing. Whatever we learned so far from china . Shawn we learned that liu he, the vice premier, has been sending out some positive signals. What is important about that is at comes at a time when some folks in the market and some folks close to the talks are warning that these talks are in a pretty fragile state and could fall apart still. Liu he, as part of a visiting delegation last nig
Persistent and patient. A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening for the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs asset management. And the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer of highland capital management. Guys, great to have you with us. Lets begin with you, mike. Yesterday and through today, this really interesting dynamic asserting itself. The first time i have seen in a number of years, the euro is stronger and the peripherys bid. Can
Persistent and patient. A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening for the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs asset management. And the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer of highland capital management. Guys, great to have you with us. Lets begin with you, mike. Yesterday and through today, this really interesting dynamic asserting itself. The first time i have seen in a number of years, the euro is stronger and the peripherys bid. Can