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Trade War - SERIES 71 {17 articles}

Gateway city travelers face new scrutiny in trenches of trade war

8/30/2018, 1:25:42 PM
With thousands of visitors, workers, shoppers and tourists each day crossing the Detroit River, delays and misunderstandings have cropped up. ✔ President Donald Trump expressed optimism Wednesday that a trade deal could be reached Canada, after he snubbed the U.S.' northern neighbor and reached a preliminary deal with Mexico ✔ For the vast majority, tariffs may translate into higher prices at the grocery store or car dealership, but those increases may be masked by seasonal shortages and competitive factors


Blue-chip stocks still at risk in global trade war, starting with Apple

8/30/2018, 1:07:03 PM
The stock market rallied to new records this week on the prospects of a U.S.-Mexico trade deal, but the global trade war is far from over and can still hit blue-chip stocks hard, starting with Apple. ✔ The stock market rallied to new records this week on the prospects of a U.S.-Mexico trade deal, but the global trade war is far from over ✔ Alcoa is in the heart of Trump's base, but Canada is key to its pricing Sean Gallup | Getty Images A worker walks among rolls of semi-finished aluminum at an Alcoa aluminum factory


US China trade war: Chinese appetite for American soybeans could spur compromise on tariffs

8/30/2018, 3:38:10 PM
China has slapped a 25 percent tariff on US soybean imports but it will likely need the crop this fall. That could force China's hand in trade talks. ✔ China is top soy consumer Soybeans could represent a possible breakthrough because China consumes a third of the world’s soy, Wells Fargo figures show ✔ Trump made the comments while speaking with the Mexican President on speakerphone in the Oval Office


Trade worries drag on Wall Street; tech stocks help limit losses

8/30/2018, 3:46:42 PM
U.S. stocks dropped on Thursday, after four straight sessions of gains, weighed down by concerns over the U.S.-China trade war, even though gains in technology stocks helped limit losses. ✔ The (dip in the markets) is no surprise given the recent run-up, we have seen a pretty consistent appreciation in the past few days and investors are just catching breath before the long weekend ahead ✔ Our Standards:The Thomson Reuters Trust Principles


Wall Street lower on China tariff worries

8/30/2018, 2:27:47 PM
U.S. stocks fell on Thursday, after four days of gains, weighed down by weak results from retailers and on rising concerns over the U.S.-China trade war that has weighed on markets for most of the year. ✔ At 10:06 a.m. ET the Dow Jones Industrial Average .DJI was down 58.65 points, or 0.22 percent, at 26,065.92, the S&P 500 .SPX was down 4.24 points, or 0.15 percent, at 2,909.80 and the Nasdaq Composite .IXIC was down 12.40 points, or 0.15 percent, at 8,097.29


EU, US explore goods tariffs pact amid trade tensions

8/30/2018, 3:28:31 PM
BRUSSELS (AP) — The European Union's top trade official says the bloc is in exploratory talks with the United States to see whether it would be possible to reach a limited trans-A ✔ BRUSSELS (AP) The European Union's top trade official says the bloc is in exploratory talks with the United States to see whether it would be possible to reach a limited trans-Atlantic agreement on the tariff of goods ✔ Malmstrom rejected suggestions the EU is caving in to U.S. pressure, saying we are not negotiating anything ✔ The two sides are likely to hold talks in Brussels in coming weeks


Dollar slips for a fifth day as trade spat concerns ease

8/30/2018, 12:17:57 PM
The dollar edged lower 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. ✔ The EU’s chief Brexit negotiator Michel Barnier said on Wednesday it was prepared to offer Britain an unprecedentedly close relationship, but that the bloc must prepare for a no-deal Brexit ✔ 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 ✔ Our Standards:The Thomson Reuters Trust Principles


Argentina peso CRISIS: Currency hits ALL-TIME LOW as government make IMF plea

8/30/2018, 2:41:08 PM
ARGENTINA’S peso has plummeted in value as the Government made a plea to the IMF for assistance. The plea for financial assistance alarmed investors and hurt the peso, as well as the country's bond prices. ✔ He said: I know that these tumultuous situations generate anxiety among many of you ✔ Argentina peso: Argentina's peso has plummeted to an all-time low (Image: GETTY) I understand this, and I want you to know I am making all decisions necessary to protect you ✔ With the US Fed expected to gradually tighten policy rates in the rest of 2018 and in 2019, lingering trade war fears and jump in dollar demand domestically


India rupee PLUMMETS to ALL-TIME LOW - oil price crisis DEEPENS

8/30/2018, 12:09:01 PM
THE INDIAN rupee has plummeted in value to an all-time low, with one financial expert warning “volatility is here to stay”. ✔ Yesterday it was revealed India is set to overtake China as the country with the highest demand for oil in the globe ✔ India is scrambling to reduce its reliance on oil, with Prime Minister Narendra Modi demanding the country triple its solar energy output while halving its oil and natural gas imports


U.S. weekly jobless claims rise, labor market still tightening

8/30/2018, 12:47:39 PM
The number of Americans filing for unemployment benefits rose last week, but the underlying trend continued to point to a robust labor market that should keep the economy on a strong growth path this year. ✔ The jobs market, which is viewed as being near or at full employment, is steadily raising wage growth, helping to support consumer spending and boost the overall economy ✔ (This story corrects third paragraph to show claims had declined instead of have now declined for three straight weeks) Our Standards:The Thomson Reuters Trust Principles


US weekly jobless claims rise, labor market still tightening

8/30/2018, 1:06:46 PM
Claims have now declined for three straight weeks. ✔ The jobs market, which is viewed as being near or at full employment, is steadily raising wage growth, helping to support consumer spending and boost the overall economy ✔ The economy grew at a 4.2 percent annualized rate in the second quarter, the fastest pace in nearly four years and almost double the 2.2 percent rate notched in the January-March period ✔ (Reporting by Lucia Mutikani Editing by Paul Simao)


Why Tariffs May Not Solve U.S. Trade Problems

8/30/2018, 3:26:20 PM
A Deutsche Bank report found tariffs have no significant impact on trade flows. ✔ Canada and Mexico are in the spotlight this week for a revamping of the North American Free Trade Agreement ✔ What's really driving the trade imbalances, according to Brody, is the gap between a country's savings and its domestic investment ✔ The 10 economies bought a total of $431 billion of overseas assets in 2017, according to analysis from the Peterson Institute for International Economics


Dollar gains on U.S.-China trade concerns, emerging market woes

8/30/2018, 3:33:09 PM
The dollar rose on Thursday for the first time in five days, as risk appetite eased and stocks gave up gains notched early in the week, amid nagging concerns about U.S. threats to impose additional tariffs on Chinese imports next month. ✔ The Canadian dollar, however, pulled back from a 2-1/2-month peak hit two days ago versus the dollar, dropping 0.5 percent to 77 U.S. cents ✔ The dollar was also supported by data showing U.S. consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4 percent last month ✔ Our Standards:The Thomson Reuters Trust Principles


Dollar Tree misses comparable sales estimates on Family Dollar...

8/30/2018, 3:46:44 PM
Dollar Tree Inc missed Wall Street expectations for quarterly same-store sales on Thursday as the discount store operator's Family Dollar business struggled to boost sales in the second quarter, sending its shares down 12 percent. ✔ The soft trends at Family Dollar and the tariff commentary gives us some pause, Telsey Advisory Group’s Joseph Feldman said ✔ Bigger rival Dollar General Corp’s (DG.N) shares slipped 1 percent as the company also said quarterly margins were hit by higher sales of low-margin products and increased freight costs ✔ Our Standards:The Thomson Reuters Trust Principles


There are no winners right now in a $2 trillion market that's losing money for everyone

8/30/2018, 1:31:18 PM
BI PRIME: In one wildly popular $2 trillion market, both long and short investors are down roughly 6% year-to-date. This can be attributed to the sudden volatility shock that rocked markets earlier this year, in tandem with the listless, low-volatility environment that's persisted ever since. ✔ Conventional wisdom would suggest that if one side of a trade is getting crushed, the other side should be making money hand over fist ✔ Even though they had a brief moment of glory as the VIX surged, the rest of the year has been extremely difficult as stocks have traded in listless fashion ✔ We think neither a high nor a low vol regime is very likely in the near term


It’s ‘Dangerous’ for Bears to Ignore the Recent Breakout in Stocks

8/30/2018, 3:31:47 PM
The recent string of records in the U.S. stock market may just be the beginning. ✔ While the Dow Jones Industrial Average DJIA remains about 2% below its own record, it recently exited its longest stint in correction territory in nearly 60 years ✔ A breakout to an all-time high is not typically viewed as a symptom of an unhealthy market, he wrote


Consumer spending rises strongly; inflation firming

8/30/2018, 1:17:29 PM
U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve's 2 percent target for the third time this year. ✔ FILE PHOTO - A woman shops in the Health & Beauty section of a Whole Foods in Upper St ✔ The dollar .DXY was largely unchanged against a basket of currencies after the data ✔ U.S. stock index futures were trading lower while prices of U.S. Treasuries were higher ✔ Our Standards:The Thomson Reuters Trust Principles


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