Samsonite warns of impact from US-China trade war
8/30/2018, 10:15:33 AMundefined ✔ If I took a temperature check, I think it starts to feed into the minds of consumer sentiment, which isn’t as easy to put a pin on, Mr Gendreau said of the trade war ✔ The report, published in May by Texas-based Blue Orca Capital, made allegations of accounting irregularities, poor corporate governance and also said Mr Tainwala had lied about holding a doctoral degree
Dollar falls for fifth day as trade war fears ease
8/30/2018, 8:14:32 AMThe dollar fell for a fifth consecutive day on Thursday as easing concerns over trade conflicts fuelled appetite for riskier currencies though thin month-end markets checked losses. ✔ Exaggerated in part by the unwinding of recently built short positions, the pound has recaptured $1.30 for the first time since Aug. 6 and euro/sterling has fallen 1.3 percent in the last two sessions to below 90 pence and is on track for its biggest two-day rise of 2018
Trump blames stagnant North Korea talks on US-China trade war
8/30/2018, 10:53:53 AMIn a series of tweets sent out on Wednesday, the US president said that North Korea is under pressure from China. ✔ War games Trump also said the US was not continuing war games with South Korea, but that he can instantly start the joint exercises again with South Korea, and Japan, if he so chooses, and that if he does, they will be far bigger than ever before ✔ Following that announcement, more sanctions were imposed by the UN in December
China announces tax cuts in move to support economy
8/30/2018, 11:48:55 AMChina's cabinet on Thursday announced new measures to cut costs for companies as policymakers look to support growth amid an escalating trade war with the United States that threatens exporters. ✔ FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017 ✔ Beijing has pledged to use a more proactive fiscal policy as economic growth slows and firms struggle with tight liquidity and weak demand, due at least in part to a deleveraging campaign meant to reduce risks ✔ ($1 = 6.8300 Chinese yuan renminbi) Our Standards:The Thomson Reuters Trust Principles
China trade fears end European shares' recovery
8/30/2018, 9:11:15 AMEuropean shares fell back on Thursday, tracking a decline in Asian trading as weakness in Chinese markets eclipsed optimism that a NAFTA deal could be struck by Friday's deadline. ✔ UK commercial property firm Intu (INTUP.L) fell 3.6 percent after Morgan Stanley cut the stock to underweight from equal-weight, and peer Hammerson (HMSO.L) fell 4.1 percent ✔ Klepierre (LOIM.PA) lost 3.8 percent after a Morgan Stanley downgrade ✔ Our Standards:The Thomson Reuters Trust Principles
Trump eyes the political spoils of a win on trade
8/30/2018, 11:33:59 AMundefined ✔ In states with a large number of blue-collar Democrats that voted for Mr Trump, lawmakers from both parties have been cautious in their reaction to the deal a sign that forcefully criticising or supporting the agreement might alienate groups of constituents
Trump promises 'more good news is coming' for those who have 'made a fortune' in markets
8/30/2018, 11:59:40 AMPresident Donald Trump is fired up about the recent stock market gains and is promising that more good times are ahead. ✔ For all of you that have made a fortune in the markets, or seen your 401k's rise beyond your wildest expectations, he said ✔ Markets have shrugged off a series of headwinds including worries about a trade war, higher interest rates and rising valuations that are making parts of the market looking expensive ✔ Indexes, however, were pointing to a negative open Thursday on Wall Street following four straight positive trading sessions
The S&P is on track for its best August in years, but some say a drop is imminent
8/30/2018, 11:16:20 AMThe temperatures are scorching on Wall Street, and so is the market. The S&P 500 is on track for its best August since 2014, but some market watchers are forecasting a pullback in the coming weeks as stocks hit record highs. ✔ The S&P is on track for a fantastic August ✔ Newton said even though he's cautious in the near term, he isn't taking all his chips off the table ✔ Still, he isn't entirely pessimistic about the market; he's most bullish on the financials into year-end as he forecasts a steepening yield curve and continued rising inflation ✔ He also cites the group's oversold condition as a reason to get bullish
Shorting Loans: A Hedge Against Financial Trouble
8/30/2018, 9:41:23 AMIt won’t take much for investors in booming loan funds to wake up to the growing risks. ✔ One way to play this is to bet against an exchange-traded fund that buys U.S. leveraged loans, the risky debt behind takeovers and private-equity deals ✔ There comes a point when higher interest payments start eating up too much of a company’s cash flow ✔ Whatever the trigger, it won’t take much to spark trouble for leveraged loans
It’s ‘dangerous’ for bears to ignore the recent breakout in stocks, analyst says
8/30/2018, 10:53:51 AMThe recent string of records in the U.S. stock market may just be the beginning. ✔ The months of essentially aimless trading where major indexes churned between a record hit in late January and a 2018 low hit shortly thereafter built what should be a pretty powerful support base going forward, Adams wrote ✔ We Want to Hear from You Join the conversation Comment
Indexers Help Cram China Into the World’s Investment Portfolios
8/30/2018, 8:28:35 AMGlobal investors have poured record sums into Chinese stocks and bonds this year, lending Beijing a hand as it struggles with a slowing, debt-laden economy and a weakening currency. ✔ If you take a longer-term view on China, the country’s economic fundamentals still look pretty robust, said Rebecca Jiang, Hong Kong-based China equities portfolio manager at J.P ✔ Ms. Chan said she expects entry into this index, plus similar benchmarks operated by JPMorgan Chase & Co. and FTSE Russell, will attract $600 billion of passive investment
Stock market's advance grinds to a halt on China concerns
8/30/2018, 9:11:14 AMStock market gains came to a grinding halt on Thursday, held back by concern that China will be left behind as the United States reaches trade agreements with other North American countries and Europe. ✔ REUTERS/Toru Hanai U.S. tariffs on another $200 billion of Chinese goods are expected to take effect next month ✔ BREXIT BOOST The British pound extended its gains against the euro after recording its biggest gain in seven months on Wednesday ✔ Our Standards:The Thomson Reuters Trust Principles
Stocks look to dip after four-day rally; major indexes still near records
8/30/2018, 10:00:20 AMU.S. stock-index futures were slightly lower on Thursday, suggesting a modest retreat from a multiday rally that took indexes to repeated records. ✔ However, pending-home sales fell in the latest sign of faltering momentum in the housing market ✔ NWSA, +0.98% agreed to buy real-estate technology platform Opcity for $210 million ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment
China's solar subsidy cuts erode the impact of Trump tariffs
8/30/2018, 11:34:40 AMA move by China to slash subsidies for domestic solar installations has unleashed a flood of low-cost Chinese-made panels onto the global market - pushing down prices and eroding the impact of U.S. President Donald Trump’s tariff on solar equipment imports, according to industry officials. ✔ BRIGHTER OUTLOOK FOR DEVELOPERS Utility-scale solar developers including Cyprus Creek Renewables and Southern Current told Reuters earlier this year that the higher panel prices caused by the tariff had forced them to cancel or freeze plans for more than $2.5 billion in projects – a figure that topped new investments announced by manufacturing firms that benefitted from the tariffs
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