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Trade War - SERIES 101 {21 articles}

Asian shares hit 14-month lows over trade war fears

9/7/2018, 11:56:17 AM
AirAsia mulls IPO delay amid emerging market turmoil ✔ The Philippine peso on Friday touched a near 13-year low ✔ The U.S. dollar weakened against the yen to 110.76 late afternoon in Asia ✔ In Hong Kong, the Hang Seng Index closed down fractionally but declined 3.3% for the week ✔ Try 3 months for $9 Offer ends September 30th



Donald Trump's trade war will cost Australia's economy at least $36 billion

9/7/2018, 8:18:39 AM
Australia is bracing for a $36 billion economic hit as Donald Trump prepares to unleash his biggest strike yet in a trade war with China. ✔ If other countries joined the fray, KPMG expects the results to be devastating ✔ Its impacts would last almost a decade, with an estimated loss of national income of nearly half-a trillion dollars over 10 years, or the equivalent of losing just over 40 per cent of last year’s household disposable income, KPMG economist Brendan Rynne found ✔ We can't stress strongly enough that as this progresses this becomes more and more material, said Mr Rynne



It looks like Trump has found the next big target in his trade war — Japan

9/7/2018, 9:28:24 AM
According to a report from the Wall Street Journal late on Thursday, Trump indicated to reporter James Freeman that he is ready and willing to hit Japan with tariffs. ✔ Japan, the world's third-largest economy after the US and China, is a major trading partner for the US, with automobile imports particularly important ✔ The new tariffs, affecting roughly 40% of all Chinese exports to the US, would mark the biggest escalation of the trade conflict so far and would be almost guaranteed to lead to retaliatory tariffs from the Chinese government



China to increase export tax rebates on 397 products

9/7/2018, 11:01:08 AM
China said on Friday it will increase export tax rebates for 397 items ranging from some steel products to electronic ones, in a bid to boost prospects for shipments amid its trade war with the United States. ✔ This is in effect to negate the impact from U.S. tariffs, said Mei Xinyu, a researcher at a think tank affiliated with the Commerce Ministry ✔ For some other products, the rebate will be increased but not to 16 percent ✔ Our Standards:The Thomson Reuters Trust Principles



US-China trade friction may hit the art market

9/7/2018, 8:08:46 AM
September is the peak season for art auctions, but this year, buyers and sellers are worried. Under the threat of a US-China trade war, it's not just manufacturing, the art market has also been caught in the crossfire. ✔ Back in June, the US proposed duties as high as 25 percent onChinese goods worth 200 billion US dollars ✔ That would actually damage the US market, and livelihoods of these US dealers ✔ The clear message from the art world, in terms of both commerce and cultural exchanges, is that tariffs can only do damage



Pound US dollar exchange rate: GBP rises on fears of US-Japan trade clash

9/7/2018, 9:27:39 AM
THE pound is trading higher against the US dollar today, hitting $1.293 on the exchange rate. At a time when fears about an escalating US-China trade war have dominated the headlines, signs of a fresh new front opening up with Japan have added to these existing worries. ✔ If the US presses ahead and attempts to restructure the US-Japan trade configuration then the US dollar could drop due to growing concerns about the impacts of such actions ✔ The latter reading measures new jobs added outside of the agricultural sector, with a forecast-matching increase of 191k likely triggering a US dollar rally as we head into the weekend



10 things you need to know before the opening bell

9/7/2018, 10:50:09 AM
This is what traders are talking about. ✔ Hong Kong now has 10,000 residents who fall into the ultra-high net-worth category worth at least $30 million compared to roughly 9,000 ultra-high net-worth people in New York City, according to a new report from the data firm, Wealth-X ✔ The S&P 500 is set to open down 0.2% near 2,872



As U.S. readies to slap more tariffs on China, no end in sight for trade tensions

9/7/2018, 8:59:05 AM
With U.S. President Donald Trump gearing up to impose tariffs on $200 billion in Chinese goods and Beijing certain to retaliate against any such measures, ✔ The official Chinese media is asserting that Trump’s trade war is aimed at containing China’s rise, a perception solidifying Beijing’s resolve not to buckle under U.S. demands ✔ Soybean farmers are not real happy about the tariffs but recognize the need to do something about China



Hong Kong stocks end lower in week dominated by trade fears

9/7/2018, 9:44:51 AM
Casino and technology shares among the worst hit over the five-day period ✔ Investors are reluctant due to expectations that news on tariffs will be out soon, said Jackson Wong, an analyst at Huarong International Securities in Hong Kong ✔ The $200 billion tariffs won't have much impact on China's growth, but will affect the confidence in the market ✔ Try 3 months for $9 Offer ends September 30th



Stock futures dip on trade jitters, weak internet stocks; jobs data...

9/7/2018, 11:55:58 AM
U.S. stock index futures dipped on Friday, with internet stocks poised for further declines and as investors braced for a fresh salvo of Sino-U.S. tariffs and the August jobs report. ✔ U.S. job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 percent, which would bolster views that the economy was so far weathering the Trump administration’s heightening trade war with China



Trump's trade wars: How we got here, and where things are headed next

9/7/2018, 10:13:03 AM
Confused by America's many trade battles? Here's a simple breakdown of what the fight is really about ✔ Here's a look at what these disputes are really about, how we got here and where things are headed next ✔ By April, washing machine prices had risen 9 percent ✔ A new agreement between the three countries could change the cost of doing business in North America



US jobs report; British Airways hack; Bitcoin trouble

9/7/2018, 9:06:31 AM
Here's what you need to know about the markets before you start your business day. ✔ The price of Ethereum, Litecoin, Ripple and other cryptocurrencies also dropped after Business Insider reported that investment bank Goldman Sachs (GS) may be dropping plans to launch a crypto trading desk ✔ Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon



Facebook, Twitter and other tech stocks swoon amid threat of government regulation

9/7/2018, 11:24:17 AM
Technology stocks, the top performers of 2018, have come under pressure amid scrutiny from the federal government. Facebook and Twitter shares tank. ✔ Facebook and Twitter executives defended their companies on Capitol Hill, saying they are aggressively trying to root out foreign influence as the November elections near ✔ Just days after the tech industry hit a fresh bull-market high last week and Amazon joined Apple in the elite club of U.S. publicly traded stocks to achieve a market value of $1 trillion, tech stocks are in free fall



Shaky emerging markets watch the US and China

9/7/2018, 9:41:20 AM
undefined ✔ Whenever emerging market assets or economies start falling into widespread trouble, there is an inevitable tendency to look towards episodes in the past ✔ In Argentina, although the government of President Mauricio Macri has committed itself to economic orthodoxy, the legacy of incontinent public finances has caught up with the economy



Japan ministries seek record budget for defense, disaster relief

9/7/2018, 9:26:01 AM
Abe seeks to prepare nation for higher welfare costs and North Korea threat ✔ The Abe government continues to prioritize economic growth over fiscal consolidation despite the nation's towering debt -- Japan depends on borrowing for about a third of its spending, piling on to arrears that are more than twice the size of the nation's economy



Small caps could fall victim to trade wars, but one stock may weather the storm, strategist says

9/7/2018, 11:45:13 AM
Trade wars have already dinged multinationals, but tensions could make waves in an unexpected corner of the market. ✔ The market is really being driven from our view in terms of stocks that are propelled by momentum and growth, he said ✔ It hit a 52-week high in early June but is still a 60 percent rally from its records set in July 2015 ✔ Trade war tension may be coming for small cap stocks, money manager warns    13 Hours Ago | 04:24 Disclaimer



China August FX reserves fall slightly more than expected to $3.11...

9/7/2018, 9:47:54 AM
China's foreign exchange reserves fell slightly more than expected in August as the dollar extended gains and Beijing took steps to stabilize its yuan currency in the face of mounting trade tensions with the United States. ✔ Perhaps more importantly, the PBOC appears to have fine-tuned the art of guiding the currency in less obvious ways, leaning on state banks to help offset private capital outflows and stabilize the exchange rate ✔ Our Standards:The Thomson Reuters Trust Principles



Solid US job growth is likely to be reported for August

9/7/2018, 11:22:35 AM
WASHINGTON (AP) — U.S. employers likely hired at a healthy pace in August, emboldened by brisk consumer spending and an economy that keeps growing steadily. Economis ✔ WASHINGTON (AP) U.S. employers likely hired at a healthy pace in August, emboldened by brisk consumer spending and an economy that keeps growing steadily ✔ A manufacturing index compiled by a trade group reached its highest point since 2004 ✔ FILE- In this Wednesday, June 20, 2018, file photo, Jason Joshua waits on customers at Zak the Baker in Miami



The next financial crisis won’t come from a ‘known unknown’

9/7/2018, 9:58:02 AM
undefined ✔ Almost 300 years ago, one of the smartest ever humans did something very stupid ✔ However, the stock kept climbing and Sir Isaac bought them back at almost three times the price he initially paid ✔ A series of small idiosyncratic failures can interact with each other and cascade into a catastrophe



World shares driven toward worst week since March by trade tensions

9/7/2018, 9:20:57 AM
World shares limped toward their worst week in almost six months on Friday, with Asia carving out a 14-month trough as investors braced for a new salvo of Sino-U.S. tariffs. ✔ Stocks woes: reut.rs/2oOILoo FILE PHOTO: A pedestrian walks past an electronic board showing the graph of the recent fluctuations of Japan's Nikkei average outside a brokerage in Tokyo, Japan, February 3, 2016 ✔ Our Standards:The Thomson Reuters Trust Principles



What’s the stock market’s next move? This chart watcher may have cracked the code

9/7/2018, 11:24:21 AM
The S&P 500 is slouching toward a weekly loss on this jobs-report day, dogged by chatter about a “tech wreck.” ✔ The jobs report is expected to show the U.S. economy added about 200,000 jobs last month ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ Victor Reklaitis Victor Reklaitis is a London-based markets writer for MarketWatch ✔ We Want to Hear from You Join the conversation Comment



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