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Trade War - SERIES 77 {26 articles}

Wall St reverses losses amid looming trade war fears

8/31/2018, 2:23:47 PM
undefined ✔ US stocks opened slightly lower on Friday before reversing their losses as investors remain uneasy over Trump’s threats to escalate the trade war with China ✔ The Nasdaq Composite opened lower as well, but pared those losses early Friday to rise around 0.2 per cent, putting it on pace for its second weekly gain in a row



Oil steady as trade war worries balance Iran sanctions

8/31/2018, 12:23:33 PM
Oil prices steadied on Friday as concerns over the impact of a trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output supported the market. ✔ Trump is prepared to ramp up a dispute with China and has told aides he is ready to impose tariffs on $200 billion more Chinese imports as early as next week, Bloomberg reported on Thursday ✔ Oil analysts cut their price forecasts for 2018 for the first time in almost a year in August, as concerns about the impact of the global trade war deepen, a Reuters poll shows ✔ Our Standards:The Thomson Reuters Trust Principles



How the US trade war might impact your beer

8/31/2018, 12:41:57 PM
The Trump administration believes its tariffs on foreign imports will do good for the US. But what will they do for the price of beer?



Global shares extend fall on Trump trade threats

8/31/2018, 3:09:30 PM
Global stocks were poised on Friday to end August much as they began the month - under the dark cloud of a potentially worsening trade war. ✔ Slideshow (2 Images) We have learned to under-react to some of the individual headlines because if you try to extrapolate from any of them you could find yourself in big trouble ✔ The modest rise masked a growing chasm between the haves and the have-nots ✔ The dollar index .DXY rose 0.15 percent while the Japanese yen JPY= strengthened 0.07 percent versus the greenback ✔ Our Standards:The Thomson Reuters Trust Principles



Wall Street set to open lower on trade woes ahead of long weekend

8/31/2018, 1:10:45 PM
U.S. stock index futures pointed to a lower open on Friday, ahead of the long holiday weekend, with investors wary after President Donald Trump's latest salvo in Washington's trade war with China. ✔ Shares of Coca-Cola (KO.N) rose 0.2 percent after the company said it would buy coffee chain Costa for $5.1 billion ✔ Lululemon (LULU.O) was up 10.6 percent after the Canadian athletic apparel maker posted a second-quarter profit that beat estimates on strong online sales, particularly in China ✔ Our Standards:The Thomson Reuters Trust Principles



NK blames US for deadlock in denuke talks

8/31/2018, 3:11:04 PM
undefined ✔ The U.S. should play its role in carrying out the historic joint statement reached between the U.S. and North Korea, not focus on military gambling, which does more harm than good, it said ✔ The outlet also referred to the U.S. resuming sanctions on Iran after leaving the Iran nuclear deal



European funds boost equities to seven-month highs, slash EM debt

8/31/2018, 12:02:38 PM
European fund managers increased their global equity exposure to seven-month highs in August but slashed holdings of emerging-market debt after a turbulent month of selling for the Turkish lira, Argentine peso and other emerging-market currencies. ✔ Emerging-market currencies sold off in August, with Turkey's lira TRY=, Argentina's peso ARS=, South Africa's rand ZAR=D3, the Brazilian real BRL=, China's yuan CNY= and Indian rupee INR= all feeling the heat ✔ Our Standards:The Thomson Reuters Trust Principles



China 'keeping wary eye' on US and EU as trade pressure mounts

8/31/2018, 3:11:10 PM
undefined ✔ At the heart of the conflict is China's state-led economic model, which is problematic under the global trading system ✔ We only hope to see a similar level of ambition in terms of the sectorial coverage, level of openness and transparency in China's first offer to us ✔ We need to bear in mind the significant disparity in our current levels of openness, which we seek to rebalance, the embassy said



India keeps its crown as the fastest-growing major economy in the world | Markets Insider

8/31/2018, 1:32:50 PM
undefined ✔ India is the world's fastest-growing economy and expanding more quickly than China, which reported 6.7% economic growth in the second quarter ✔ CLSA analyst Christopher Wood noted resilience in the Indian stock market could signal the economy is accelerating at a time when many other markets in Asia may be near cyclical peaks ✔ The central bank raised its benchmark rate by 50 basis points to 6.5% at its past two policy meetings



U.S. consumer sentiment falls to seven-month low

8/31/2018, 3:36:44 PM
U.S. consumer sentiment fell to a seven-month low in August as households worried about rising prices amid a robust economy and tensions between the United States and its main trade partners. ✔ Although a higher inflation rate is partly due to the potential for increased tariffs, the main cause has been the expectation of robust economic growth, said Curtin ✔ The economy grew at a 4.2 percent annualized rate in the second quarter, the fastest in nearly four years and almost double the 2.2 percent pace notched in the January-March period ✔ Our Standards:The Thomson Reuters Trust Principles



Global slowdown? India's economy is accelerating

8/31/2018, 1:46:28 PM
India widened its growth gap over economic rivals like China as construction and manufacturing expanded. ✔ Inflation has been rising, prompting the country's central bank to hike interest rates twice in three months, and India's currency the rupee hit a new record low against the dollar on Friday ✔ Last year's tax reform was seen as broadly positive for the Indian economy in the long run, but the hurdles to 'big bang' reforms on land and labor could prove to be much bigger, she added



Armada of US warships inches through South China Sea with Japan risking China’s fury

8/31/2018, 1:50:44 PM
THE UNITED States risks infuriating China after American warships performed a military exercise in the hotly contested South China Sea with Japan. ✔ In June, when China’s leader Xi Jinping was challenged over the territory, he said: We cannot lose even one inch of the territory left behind by our ancestors ✔ In June, the British Navy announced it would follow the US and launch a mission into the South China Sea with France



Dereliction of duty

8/31/2018, 3:12:40 PM
undefined ✔ Political watchers say the failure to narrow their differences was due in part to the governing party's reluctance to appear as helping chaebol, or family-controlled conglomerates ✔ Now is the time for both parties to show bipartisanship and focus on what is good for the nation



EU ends trade controls on Chinese solar panels raising fears of...

8/31/2018, 2:47:18 PM
The European Union will end restrictions on the sale of solar panels from China early next week, a move EU producers said would lead to a flood of dumped products. ✔ The measures had also decreased over time, allowing import prices to align with world market prices, it said ✔ The European Union has faced a delicate balancing act between the interests of EU manufacturers and those such as importers and installers pressing for a reduction in the cost of solar power generation ✔ Our Standards:The Thomson Reuters Trust Principles



10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, KO, CRON, AAPL, CBOE) | Markets Insider

8/31/2018, 12:11:57 PM
undefined ✔ Reuters/Phil Noble Here is what you need to know ✔ Cboe is telling market makers that it's getting close to launching ether futures ✔ Hong Kong's Hang Seng (-0.98%) led the losses in Asia, and Germany's DAX (-0.95%) trails in Europe ✔ Chicago PMI and University of Michigan consumer confidence will cross the wires at 9:45 a.m. ET and 10 a.m. ET



US stocks are little changed as investors await trade news

8/31/2018, 2:16:18 PM
NEW YORK (AP) — U.S. stocks are mostly lower Friday morning after a late loss the day before. Stocks slid Thursday afternoon after Bloomberg News reported that the Trump administr ✔ Meanwhile the U.S. and Canada are scheduled to resume trade talks Friday ✔ KEEPING SCORE: At 10 a.m. Eastern time the S&P 500 index was unchanged at 2,900 ✔ CUPPA JOE FOR COKE: Coca-Cola said it will pay $5.1 billion for the biggest coffee company in Britain ✔ The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 31



China's Huawei races to beat Apple to release the first next-generation AI chip for smartphones

8/31/2018, 12:44:19 PM
Huawei released the Kirin 980 chip, a so-called seven-nanonmeter processor for its upcoming Mate 20 smartphone, while Apple is widely expected to release its own A12 chip for the next set of iPhones. ✔ Arjun Kharpal | CNBC Huawei's Kirin 980 processor on display at the IFA consumer electronics show in Berlin, Germany ✔ The move towards seven-nanometer process technology is impressive and the focus on AI starting to deliver dividends, Ben Wood, head of research at CCS Insight, told CNBC by phone ahead of the launch



10-year Treasury yield on track for third straight decline as trade tensions resurface

8/31/2018, 12:02:27 PM
Treasury prices rise, pushing yields lower, early Friday as investors grapple with fresh worries about international trade disputes. ✔ Trump said the European Union’s offer to discard auto tariffs was not good enough ✔ Trump hinted that his administration could strike a trade agreement with Canada, after he announced a preliminary trade deal with Mexico this week ✔ Sunny Oh Sunny Oh is a MarketWatch fixed-income reporter based in New York



Trump threatens to pull out of WTO unless it starts to 'treat the US better'

8/31/2018, 1:29:56 PM
President Donald Trump said he would pull out of the World Trade Organisation if it doesn't treat the US better, targeting a cornerstone of the international trading system. ✔ For all of his complaints about the WTO, Mr Trump's administration has continued to file cases against other members ✔ The EU has been leading an effort to propose reforms to try and defuse the conflict ✔ The WTO was created in 1994 as part of a US-led effort by major economies to create a forum for resolving trade disputes



Fewer Americans see China positively as trade tensions worsen

8/31/2018, 3:11:47 PM
undefined ✔ Beijing holds around US$1.2 trillion in US Treasury bonds ✔ Other major concerns for most respondents were the threat of Chinese cyberattacks, China's impact on the global environment, the loss of US jobs to China, the growing trade deficit, and China's human rights policies ✔ But Democrats were significantly more worried about China's environmental impact than Republicans, the report found



Gold gains Friday, heads for unchanged weekly result but down 1.7% for August

8/31/2018, 12:16:54 PM
Gold gains Friday, trimming its weekly loss to within a whisker of the even mark, though doing little to repair its August retreat. ✔ Since it began trading freely in the U.S. in the early 1970s, gold has produced an average gain of 2.1% in September ✔ Rachel Koning Beals Rachel Koning Beals is a MarketWatch news editor in Chicago ✔ We Want to Hear from You Join the conversation Comment



Summer is over for investors as global worries build

8/31/2018, 2:55:23 PM
Investors returning from their summer holidays in the coming days are likely to feel a distinct chill in the air as they assess the world economy. ✔ Even in the United States, where Trump’s tax cuts have fired up an economy that was already outperforming its peers, some believe growth has now peaked ✔ Louis Fed President James Bullard said on Aug. 24 that the Federal Reserve should stop raising rates given the likelihood of an economic slowdown next year, and only weak inflation pressure ✔ Our Standards:The Thomson Reuters Trust Principles



China is once again staring down the biggest Catch-22 in its economy

8/31/2018, 1:45:49 PM
China's economy has started to slow even before US tariffs have had a chance to make an impact. To mitigate that China is turning to a reliable but dangerous source of growth, infrastructure spending. ✔ We estimate that the combined impact is responsible for half of the year-to-date slowdown, and the rest could be explained by slower issuance of special local government bonds (LGBs), which also had a lot to do with tightening liquidity conditions in the bond market caused by financial deleveraging measures



[INTERVIEW] T'way thrives on 'out of the box thinking'

8/31/2018, 3:13:14 PM
undefined ✔ Unlike many investors on Yeouido, who tend to want profits on short-term trades, foreign investors recognized us for our differentiated strategies, saying we have competitiveness in the long run, Jeong said ✔ With development of new routes and purchase of the B737-MAX, we will target niche markets, Jeong said



Turkey & Qatar are being punished for refusing to do Washington’s bidding on Iran

8/31/2018, 1:12:53 PM
For years, Turkey and Qatar were at the vanguard of the Western imperial project in the Middle East. Having had their fingers burnt in Syria, however, they’re refusing to facilitate Washington’s Iran plans – and paying the price. ✔ Trade with Syria, of course, also slumped by 70 percent as a direct effect from the Syrian war , from $1.8 billion worth of exports in 2010 to $497 million two years later ✔ According to the new law, travelers no longer had to declare transported currency or profit amounts at the customs booth ✔ For all his bluster, it is a clear admission of weakness and failure



Korea needs to fix income-led growth strategy

8/31/2018, 3:13:20 PM
undefined ✔ Despite worsening economic data, the Moon Jae-in administration has reiterated that it will not modify its iconic income-led growth strategy vowing to continue to spend taxes to reverse the situation ✔ The classic solution involves protect workers, not jobs



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