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Trade War - SERIES 102 {16 articles}

Dollar trapped in ranges on trade war fears

9/7/2018, 12:00:54 PM
The Australian dollar skidded to its weakest level in more than 2-1/2 years as fears over an escalation in the trade conflict between the United States and China dominated concerns, while safe-haven currencies such as the franc and yen gained. ✔ The dollar held in relatively tight ranges against other major peers such as the euro and pound, with the market bracing for the highly anticipated U.S. jobs report due later in the session ✔ Ulrich Leuchtmann, a currency strategist at Commerzbank in Frankfurt, said broad concerns were giving a boost to safe-haven currencies and that markets would remain more focused on trade war headlines than upcoming U.S. economic data unless there is a big downward surprise ✔ Our Standards:The Thomson Reuters Trust Principles



Kraft Heinz warns of uncertainty over Trump’s trade war

9/7/2018, 2:35:53 PM
The global food giant said tariffs may make food more costly. ✔ The maker of macaroni and cheese and ketchup says it is possible additional costs will be passed along to consumers ✔ While the U.S. and Mexico have struck a tentative trade deal to replace the North American Free Trade Agreement, negotiations with Canada are ongoing (and contentious) ✔ Shares of Kraft Heinz have lost nearly 27% this year



Instant View: U.S. August job growth surges

9/7/2018, 1:03:42 PM
U.S. job growth accelerated in August, with wages notching their largest annual increase in nine years, strengthening views the economy was so far weathering the Trump administration's escalating trade war with China. ✔ If this doesn’t follow through it will be forgotten in a couple of months ✔ It’s been disappointing for a long time now so it was kind of a surprise to see that kind of strength... ✔ It’s going to steepen the curve on the long end ✔ Our Standards:The Thomson Reuters Trust Principles



U.S. job growth surges; annual wage gain largest since 2009

9/7/2018, 1:31:20 PM
U.S. job growth accelerated in August and wages notched their largest annual increase in more than nine years, strengthening views that the economy was so far weathering the Trump administration's escalating trade war with China. ✔ Analysts say the administration’s $1.5 trillion tax cut package and increased government spending were shielding the economy from the trade tensions, which have also seen Washington engaged in tit-for-tat tariffs with other trade partners, including the European Union, Canada and Mexico



Stock futures extend losses after jobs data

9/7/2018, 12:52:36 PM
U.S. stock index futures extend losses on Friday after strong U.S. jobs data underscored tightening labor market conditions and cemented expectations for the Federal Reserve increasing interest rates further. ✔ REUTERS/Brendan McDermid U.S. job growth accelerated in August, with wages notching their largest annual increase in nine years, the Labor Department said, strengthening views the economy was so far weathering an escalating trade war with China ✔ Our Standards:The Thomson Reuters Trust Principles



Sinking semi stocks are the 'canary in the coal mine,' market watcher warns

9/7/2018, 12:50:24 PM
Semi stocks are getting knocked off their perch. The once high flying group sank more than 2 percent on Thursday, and the SMH ETF is now down more than 7 percent from 2018 highs.   ✔ Sinking semi stocks are the ‘canary in the coalmine,’ market watcher warns    14 Hours Ago | 03:19 Semi stocks are getting knocked off their perch ✔ Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, is concerned about the decline



World stock markets on pace for worst week since March as trade,...

9/7/2018, 2:45:12 PM
World share indexes limped toward their worst week in almost six months on Friday, with Asia equities hitting a 14-month low and U.S. stocks down in early trading as investors braced for additional trade tariffs and higher U.S. interest rates. ✔ A deadline for public comment before Washington imposes tariffs on another $200 billion worth of Chinese imports passed early on Friday, meaning they could take effect at any moment, although no clear timetable has been announced ✔ The Fed has to hike rates at least three times next year, mostly likely four ✔ Something has to go off the rail for it not to happen ✔ Slideshow (2 Images) Our Standards:The Thomson Reuters Trust Principles



Dollar up on solid U.S. August jobs report; trade tensions lurk

9/7/2018, 3:23:31 PM
The U.S. dollar rose against a basket of other currencies on Friday, as U.S. job growth surged in August, but investor concerns about a possible escalation of the U.S.-Chinese trade conflict held gains in check. ✔ The public comment period for proposed U.S. tariffs on an additional $200 billion worth of Chinese imports ended on Thursday, and investors await the firing of a fresh salvo in the ongoing Sino-U.S ✔ U.S. Dollar and Japan Yen notes are seen in this picture illustration June 2, 2017 ✔ Our Standards:The Thomson Reuters Trust Principles



'No new walls:' Volkswagen speaks out against right-wing protests

9/7/2018, 2:19:08 PM
Volkswagen has joined Siemens in a forceful denunciation of racism and xenophobia following a series of violent protests in Germany. ✔ Volkswagen 'concerned' over trade war threats Germany's biggest companies are taking a stand against racism ✔ Siemens wrote an open letter to its 4,300 employees in the German state of Saxony, encouraging them to combat xenophobia and defend the country's reputation for tolerance



S&P drops as strong jobs data raise rate hike fears, techs buoy Nasdaq

9/7/2018, 2:29:14 PM
The S&P 500 and Dow Industrials dropped on Friday after strong August jobs data raised concerns about the possibility of faster interest rate hikes, but a rebound in chip stocks helped the Nasdaq trade higher. ✔ Investors also prepared for a fresh salvo of Sino-U.S ✔ tariffs as a public comment period for proposed U.S. tariffs on an additional $200 billion worth of Chinese imports passed at midnight ET (0400 GMT) ✔ Our Standards:The Thomson Reuters Trust Principles



China's forex reserves fall more than expected to $3.1tn

9/7/2018, 3:38:14 PM
Central bank seen uncomfortable with further yuan losses ✔ 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 stabilise the exchange rate ✔ Try 3 months for $9 Offer ends September 30th



A decade after Lehman, Europe remains on economic crutches

9/7/2018, 2:45:14 PM
Ten years after the collapse of Lehman Brothers and the onset of the global financial crisis, much of the industrialized world has yet to fully recover and this will be all too evident at the European Central Bank's policy meeting on Thursday. ✔ This suggests that some of the ECB’s new economic projections, due out at the press conference, are at risk of modest cuts ✔ Still, Draghi is likely to argue that the euro zone’s economy remains strong enough for the bloc to continue creating jobs, even if somewhat slower than thought just a few months ago ✔ Our Standards:The Thomson Reuters Trust Principles



U.S. Wages Unexpectedly Climb the Most Since Recession Ended in 2009

9/7/2018, 3:41:08 PM
Treasury yields and the dollar jumped after the report. ✔ Gains were led by education and health services at 53,000 jobs, professional and business services with 53,000 and wholesale trade at 22,400 ✔ That gauge includes part-time workers who’d prefer a full-time position and people who want a job but aren’t actively looking



Diversify Your Portfolio By Investing in Timber

9/7/2018, 2:19:46 PM
Timberland can be a promising new territory for your investment portfolio. ✔ Money doesn’t grow on trees is a popular adage but timber investors might disagree ✔ The advantage is that an acre of pines will yield about $1,500 to $2,000 to the grower ✔ This results in a better correlation to inflation as those natural resource prices make their way through the economy in the form of housing, fuel, food, etc



Trump has set economic growth on fire. Here is how he did it

9/7/2018, 3:36:02 PM
During Trump's short time in office, the economy has achieved feats most experts thought impossible ✔ Trump's economy: Here’s where he gets credit, and what could go wrong    9:47 AM ET Wed, 5 Sept 2018 | 04:40 President Donald Trump is more than 19 months into an administration engulfed in so much controversy that it may overshadow a tremendous achievement, namely an economic boom uniquely his ✔ The Dodd-Frank rollbacks have been particularly helpful to community banks, whose share prices collectively are up more than 25 percent over the past year



Analysis | The Finance 202: Trump team nears massive escalation in China trade fight

9/7/2018, 12:15:09 PM
Trump could announce as soon as today that he is imposing more tariffs. ✔ But last month’s pace of hiring is still enough to lower the unemployment rate over time ✔ BULL SESSION Alabama residents cleanup after Tropical Storm Gordon: At least 9 killed, 32 missing in deadly Japan quake: DOJ charges North Korean hacker in Sony attack:



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