Macro Briefing: 29 March 2019

Chinese and US negotiators working on agreement to end trade war: Bloomberg
UK was slated to leave EU today, but that’s not happening… at least not yet: CNN
German retail spending up more than expected in February: Reuters
Japanese industrial output rose in Feb–first gain in 4 months: NHK
The US economy may make (or break?) Trump’s re-election prospects: NY Times
US Q4 GDP growth revised down to moderate 2.2% gain from 2.6%: Reuters
Pending Home Sales Index for US fell in Feb despite lower mortgage rates: CNBC
KC Fed Mfg Index posts first uptick in growth in March in 4 months: KC Fed
US jobless claims fell last week, near 50-yr low, signaling strong labor market: MW