Highlights:

• Fears of slowing growth momentum in the US and China are creating a sense of urgency for both countries to resolve the trade dispute.

• The possibility of a further US government shutdown over border control is adding to uncertainty and downside risks to the economy.

• The Australian residential property market continues to weaken, while the RBA cut its GDP growth and inflation forecasts for 2019 and 2020.

• Economic growth in Europe is slowing while the UK parliament raised the stakes by rejecting Prime Minister May’s Brexit deal.

• Chinese authorities are rolling out additional stimulus measures, including tax cuts and a major rail project, to help combat slowing GDP growth.

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