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  Upshot:  The latest flash PMI indicates that business activity, both manufacturing and services, continues to accelerate albeit at lower levels seen at this time last year. Commenting on the flash PMI, Chris Williamson, Chief BusinessEconomist at IHS Markit, said: “The surveys bring welcome signs of the economy continuing to regain growth momentum as 2019 …

COTD = Chart of the Day

The U.S. and Chinese announced a very limited trade deal with the details still opaque and many appear to be negotiated.  Most important, the U.S. canceled plans to impose fresh tariffs on $156 billion in annual imports of Chinese-made goods—including smartphones, toys, and consumer electronics—that were set to go into effect Sunday. The U.S. will also slash …