Macro Briefing: 3 December 2018

Trump tweets that China agrees to cut tariffs on US-made cars: Bloomberg
China says it’s working with US to remove all tariffs: Reuters
Trump plans to leave NAFTA before Congress OKs its replacement: NY Times
Qatar announces it’s leaving OPEC: CNN
Eurozone mfg growth slips to weakest pace in more than two years: IHS Markit
Eurozone y-o-y inflation slipped to 2.0% in Nov after a near-6yr high: Reuters
UK mfg activity ticked up in Nov but sector growth remains ‘subdued’: IHS Markit
Chicago PMI popped to 11-month high in November: Chicago PMI
10yr-2yr Treasury yield spread falls to 21 basis points — lowest since mid-Sep:

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