Macro Briefing | 9 August 2019

US-China trade war is pinching global oil demand: WSJ
Is US oil in the crosshairs for China as trade conflict escalates? CNBC
Majority of economists say US-China trade war raising US recession risk: Reuters
UK economy contracted in Q2, first quarterly decline since 2012: BBC
German exports fell sharply in June, the most in three years: Bloomberg
China’s Huawei unveils phone operating system to replace Google’s Android: AP
China’s food prices surge 9% annually due to swine fever outbreak: CNBC
US jobless claims fell last week, continue to signal strong labor market: Reuters
Philly Fed’s US business cycle index (ADS Index) still reflects low recession risk: