Dollar's rise stalls as trade war fears weigh
9/12/2018, 11:38:10 AMThe dollar was largely unchanged on Wednesday as markets remained cautious over the likelihood of an escalation in the trade conflict between the United States and China in the backdrop of growing weakness in the renminbi. ✔ The weakness in the Chinese currency hit market appetite for risk with an Asian equity index down for the 10th consecutive day and emerging market currencies in the red, led by the Indian rupee as traders sold currencies perceived to be vulnerable from any escalation in the trade conflict
Chinese stock markets battered by trade war fears
9/12/2018, 9:41:27 AMChinese stocks have lost more than a fifth of their value in dollar terms this year on concerns that rising U.S. tariffs on Chinese imports would hurt corporate earnings. ✔ Price performance of major stock indexes since March 22.: reut.rs/2oXmPY1 Rising trade tensions have slowed down share transaction volumes in Chinese bourses in recent months ✔ China sector-wise estimate change: reut.rs/2oXqsND China sector performance: reut.rs/2oXZntV Our Standards:The Thomson Reuters Trust Principles
Trade war takes a heavy toll on Chinese stocks, and investors
9/12/2018, 9:34:56 AMIt's barely six months into a broadening Sino-U.S. trade war, and the fallout has already driven China's stock markets into the same league as debilitated emerging markets such as Turkey, Argentina and Venezuela. ✔ Meanwhile, investors continue to shun Chinese stocks, even after the slump drove valuations to levels seen as cheap ✔ The benchmark Shanghai index trades at a price to earnings ratio of 11.2, and trading volume has shrunk to near four-year lows, according to Reuters data ✔ And the anxiety is not just limited to trading floors ✔ Our Standards:The Thomson Reuters Trust Principles
Trump's trade war has China's stocks, currency taking a beating while the US market soars
9/12/2018, 10:02:59 AMIt's barely six months into a broadening Sino-U.S. trade war, and the fallout has already driven China's stock markets into the same league as debilitated emerging markets such as Turkey, Argentina and Venezuela. ✔ Major exchange-traded Chinese money market funds, which trade like stocks and thus are more popular among stock investors, have also seen heavy inflows ✔ And the anxiety is not just limited to trading floors ✔ If we express optimism, the reality could unfold otherwise
US trade war and sanctions policies are not helping oil markets, Russian energy minister Novak says
9/12/2018, 8:32:13 AMThe U.S. trade war against China and sanctions regime is contributing to instability in the global oil market, Russian Energy Minister Alexander Novak told CNBC on Wednesday. ✔ The U.S. trade war against China and sanctions regime is contributing to instability in the global oil market, Russian Energy Minister Alexander Novak told CNBC on Wednesday ✔ Novak's comments come as oil market focus shifts away from a successful 2016 deal between OPEC and Russia (and other non-OPEC producers) to curb output in order to support prices, to current threats to the global oil supply
'It's an ABERRATION!' Juncker promises STRONGER Euro in swipe at Trump on trade
9/12/2018, 8:17:57 AMJEAN-CLAUDE Juncker has fired shots at Donald Trump during his State of the Union speech, amid fears of a developing trade war between the EU and the US. ✔ In spite of the criticism levelled at it, the euro has been successful ✔ But we need to do more to make sure that our single currency can play its full role on the international scene ✔ It’s an aberration to have three billion dollars worth of energy imports when only a small part comes from EU ✔ It’s an aberration European countries buy European planes in dollars
U.S.-China 'trade typhoon' could impact 7 percent of HK exports:...
9/12/2018, 10:50:32 AMAround 7 percent of Hong Kong's total exports could be impacted if the United States imposes a new round of trade tariffs on China, the city's commerce and economic development secretary told Reuters on Wednesday. ✔ Hong Kong’s second quarter economic growth slowed to 3.5 percent from a year earlier, but was still underpinned by solid consumer sentiment ✔ For any factories, they will need to make medium-term strategy decisions like relocating, or changing their market strategy ✔ Our Standards:The Thomson Reuters Trust Principles
10 things you need to know before the opening bell
9/12/2018, 11:12:26 AMThis is what traders are talking about. ✔ New York topped the list as the world's most attractive financial center, according to the Z/Yen global financial centers index ✔ PPI will be released at 8:30 a.m. ET and the Fed's Beige Book will cross the wires at 2 p.m. ET ✔ The US 10-year yield is down 2 basis points at 2.96%
U.S. stock futures inch up as Apple’s iPhone event grabs the spotlight
9/12/2018, 10:29:13 AMU.S. stock futures edge higher Wednesday, signaling the market could build on the prior session’s rally. ✔ The stock is up 1.2% this week, as of Tuesday’s close, adding to its 2018 gain of 32% ✔ 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
Indonesia's 'Avengers' president stands ready to defeat trade wars
9/12/2018, 10:37:25 AMThe logic behind the current round of global trade wars was flawed, Indonesian President Joko Widodo said on Wednesday, quipping that he was part of a team of superheroes, "The Avengers", that aims to defeat the ideas stoking such conflict. ✔ HANOI (Reuters) - The logic behind the current round of global trade wars was flawed, Indonesian President Joko Widodo said on Wednesday, quipping that he was part of a team of superheroes, The Avengers, that aims to defeat the ideas stoking such conflict ✔ China has reciprocated by raising tariffs on some U.S. goods ✔ Analysts say Indonesia is not high on the list of countries that would be greatly affected by a U.S. trade war with China ✔ Our Standards:The Thomson Reuters Trust Principles
European stocks rise, led by surge for biotech Galapagos
9/12/2018, 9:16:41 AMEurope’s main stock benchmark climbs Wednesday, as analysts say the region’s bourses are following the U.S. equity market’s lead. ✔ and European Union are preparing for a special summit to sign a deal in November, and the meeting could be announced within days, said citing unnamed sources ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment
Trade Concerns Weigh on Global Stocks
9/12/2018, 8:28:03 AMStocks in Europe edged higher but Asian markets fell as trade concerns lingered, weighing on investor sentiment. ✔ Shares in the Asia-Pacific region mostly headed lower ✔ The S&P 500 is up 8% this year, while the Stoxx Europe 600 is down 3.3% and Japan’s Nikkei Stock Average has fallen 0.7% ✔ Emerging-market investors will be watching if Turkey’s central bank raises interest rates to rein in inflation amid the collapse of the lira ✔ Elsewhere, gold prices declined 0.3% to $1198.60 an ounce
China urges U.S. to 'abandon prejudice' over Xinjiang
9/12/2018, 8:49:30 AMChina urged the United States on Wednesday to abandon its "prejudice" over Xinjiang, as the Trump administration considers sanctions against Chinese officials and companies linked to allegations of human rights abuses in the Chinese region. ✔ If the media report is correct, we urge the relevant side to respect the facts, abandon prejudice, and stop doing and saying things that harm Sino-U.S ✔ Geng added that all people in China fully enjoy freedom of religion in accordance with the law ✔ Our Standards:The Thomson Reuters Trust Principles
Malaysia shares fall to three-week low amid lower palm oil prices
9/12/2018, 10:59:43 AMSingapore bucks decline in Asia as Hurricane Florence pushes up petroleum prices ✔ Offshore and marine firm Keppel Corp. added 2.2% while Sembcorp Marine was up 4% ✔ The house expects the group's mainstay shipbuilding business is likely to benefit from the greenback's strength against the Chinese yuan ✔ Try 3 months for $9 Offer ends September 30th
Here’s why one analyst just made a ‘rare’ call to buy some gold
9/12/2018, 11:56:50 AMIs it time for one of the market’s most traditional hedges, which has fallen out of favor in 2018, to get another look? ✔ Nevertheless, in the current environment, we see gold as oversold and the likely beneficiary if recession fears rise and real rates begin to fall, if the U.S. dollar weakens, if market volatility picks up, if there is broadening contagion in emerging markets or if there is an inflation shock
Hong Kong stocks hit 14-month low as drugmakers, banks drop
9/12/2018, 9:26:48 AMANTA slides on $5.4bn offer for Finnish owner of Wilson Sporting Goods ✔ China has told the World Trade Organization it wants to impose $7 billion a year in sanctions on the U.S., in retaliation for Washington's noncompliance with a ruling on a dispute over American dumping duties initiated in 2013, Reuters reported on Tuesday
Trump Is Planning Another $267 Billion in China Tariffs. Here's Where They Will Hit Every American—HardTrump Is Threatening Another $267 Billion in China Tariffs. Here's Where They Would Hit Every American—Hard
9/12/2018, 9:43:38 AMThe next salvo in the trade fight could tax the shirt off America’s back—literally. ✔ Chinese watches and jewelry might be next, likely putting pressure on companies such as Fossil Group (fosl), which relies on Chinese factories to supply many of its timepieces and specialty items ✔ Getting to work in a downpour will become more expensive with a tax on Chinese rubber boots
How Wall Street is handicapping the midterm elections
9/12/2018, 10:03:17 AMIf Congress splits between the parties, it could mean "gridlock with pockets of compromise," which has some upsides ✔ As history shows, midterm elections typically shift power in Congress away from the sitting president's party ✔ Historically, the so-called cyclical stocks -- technology, financials, consumer discretionary, industrials and materials -- do well around midterm elections, Chadha noted
Three months after Trump-Kim summit: Where five leaders stand
9/12/2018, 9:03:21 AMWith denuclearization talks stalemated, the two leaders seek another meeting ✔ Kim wished in January that South Korea could host its first Winter Olympics successfully amid military tensions between North Korea and the U.S. were intensifying ✔ His address paved the way for the country sending its delegation and athletes to the sports event and making detente mood between two Koreas which led to the Singapore summit later in June ✔ Try 3 months for $9 Offer ends September 30th
>>> Open This Series
Comments
Post a Comment