5 Things About a U.S.-China Trade War That Might Surprise You
9/12/2018, 2:53:50 PMChina and the U.S., the world’s two largest economies, have been quarreling over trade for months. But the fallout from a worsening of trade relations might not be as severe as feared. ✔ For the U.S., this share is even lower, as shown in the chart below, with exports only accounting for 12% of GDP ✔ The Shanghai Composite fell into bear territory in June, while the MSCI emerging-markets index, tracked by the iShares MSCI Emerging Markets ETF(EEM) dropped into bear territory last week
Here’s the toll that trade-war fears are taking on stocks around the world, in one chart
9/12/2018, 2:57:46 PMThe occasional knee-jerk reaction aside, U.S. equities continue to brush off trade-war fears. That isn’t the case for Chinese, emerging market and European stock markets, says UBS, in a chart that breaks down the damage. ✔ Conversely, if trade tensions ease, [emerging-market] Asia equities have the most room to rally ✔ Trade woes have been a drag of just 2.5% on the Nasdaq Composite COMP, -0.91% and only 0.3% on the more domestically focused, small-cap Russell 2000 RUT, -0.67% the analysis found ✔ We Want to Hear from You Join the conversation Comment
Wall Street to open flat as trade worries linger; Apple event in focus
9/12/2018, 1:09:24 PMU.S. stock index futures pointed to a flat open on Wednesday, held back by worries over the Sino-U.S. trade war, while Apple shares moved higher ahead of the expected launch of three new iPhone models. ✔ But if he doesn’t, then we could be heading towards some serious trouble and the longer the spat continues, the more concerning it is to markets ✔ At 8:48 a.m. ET, Dow e-minis were down 7 points, or 0.03 percent ✔ Our Standards:The Thomson Reuters Trust Principles
Chinese stocks flirt with lowest level in two-and-a-half years
9/12/2018, 12:20:59 PMTrade dispute with US and slower economic growth weigh on Shanghai market ✔ The Shanghai stock market has fallen 20% since the beginning of the year and is down 49% from its 2015 peak before the market sell-off that summer ✔ Bloomberg recently reported that state-backed funds have been buying shares in an effort to support the market ✔ Try 3 months for $9 Offer ends September 30th
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL) | Markets Insider
9/12/2018, 12:16:53 PMundefined ✔ Reuters/Leah Millis Here is what you need to know ✔ Tech employees may be the big winners of the ETF explosion ✔ Tech employees who often receive a large portion of their compensation in stock options are the big winners of the exchange-traded fund market's $5 trillion explosion, according to a new study from Vincent Deluard of INTL FCStone ✔ The S&P 500 is set to open little changed near 2,891
US stocks creep higher at the open following producer price data
9/12/2018, 2:04:54 PMundefined ✔ Wall Street was clinging to gains shortly after the opening bell as the S&P 500 eyed its first three-day winning streak this month ✔ Energy stocks were higher as the threat of Hurricane Florence, a category 4 storm approaching North and South Carolina on the eastern US seaboard, helped push oil prices higher
It’s been so hard to hire people that he’d ‘welcome’ an economic slowdown, admits Indiana business owner
9/12/2018, 4:00:01 PMIn Elkhart, Indiana, where the unemployment rate could hardly go any lower, one business owner said a slowdown would be “welcome” even though the days of double-digit joblessness aren’t that far behind. ✔ Could the industry’s, and the town’s, rebound be too much of a good thing ✔ As the city’s head of economic development reportedly put it, Nobody’s in a panic; they are just concerned ✔ Also see: Trade-war tracker: Here are the new levies, imposed and threatened ✔ We Want to Hear from You Join the conversation Comment
Exclusive: Vietnam finance minister urges flexibility in forex...
9/12/2018, 1:09:45 PMVietnam should be more flexible in handling its exchange rate, and is on track to cut its public debt to about 60 percent of gross domestic product by 2020, its finance minister said in an interview on Wednesday. ✔ It will limit exports and domestic manufacturing, especially since the Vietnamese economy is a trade economy ✔ The ceiling for inflation should be flexible, depending on market movements both internationally and domestically, Dung said ✔ Our Standards:The Thomson Reuters Trust Principles
New iPhone faces $700 test for growing sales
9/12/2018, 12:51:26 PMAs pace of innovation slows, suppliers' fortunes hinge on price-sensitive consumers ✔ Customers walk past an Apple logo in the Apple store at Grand Central Terminal in New York on Aug. 1 ✔ If the most premium model sells for more than $999 this year while the cost-effective one starts at more than $700 ✔ That would be too pricey, and we don't expect the demand would be very strong, Pu said ✔ Try 3 months for $9 Offer ends September 30th
This underestimated risk could spark the next big market slide
9/12/2018, 1:06:56 PMWall Street may want to go on sell-off watch. ✔ A major market pullback could happen within weeks: Ned Davis Research 17 Hours Ago | 02:50 Stocks may be coming off their best day in two weeks, but Ned Davis Research's Ed Clissold sees near-term trouble ahead ✔ However, he predicts stocks would recover strongly by fourth quarter
Asian stocks little changed on lingering China-US tensions
9/12/2018, 1:21:08 PMEnergy producers rise while Sapura gains after stake sale in unit ✔ CNOOC and PetroChina advanced 1.4% and 0.3%, respectively, in Hong Kong, while PTT Exploration & Production rose 2.2% in Bangkok ✔ The losses came after billionaire Mukesh Ambani's Reliance Jio Infocomm offered a 100-rupee ($1.38) discount on a popular plan ✔ Try 3 months for $9 Offer ends September 30th
India shares rebound amid speculation Modi may unveil measures to boost economy
9/12/2018, 12:20:57 PMHindustan Unilever, ITC pace gains ✔ In the aftermath of increasing international oil prices, the rupee is Asia's worst performing currency this year ✔ India imports three-fourth of its crude requirements and the more than 40% increase in Brent crude over the last one year caused India's trade deficit to widen to the highest in years ✔ Try 3 months for $9 Offer ends September 30th
You Shouldn’t Expect Big Stock Market Gains for Several Years, Morgan Stanley Says
9/12/2018, 3:50:33 PMU.S. stock-market investors hopefully enjoyed the sizable gains booked over the past several years, because it might be a while before they’re seen again. ✔ In early August, he said the bull marketby some measures, the longest in historywas in its last innings as bears would turn their focus to the technology and consumer-discretionary sectors, two parts of the market that have been lifting the overall indexes
The biggest red flag for the next recession? Corporate debt-to-cash ratios, top economist says
9/12/2018, 1:45:35 PMTen years on from the crash of Lehman Brothers that heralded the Great Recession, market watchers are looking for clues as to where the root of the next crisis might lie. Some are pointing to a metric that's now at a record high — risky borrowers' debt-to-cash ratios. ✔ CNBC's Bob Pisani on the fall of Lehman Brothers and the 2008 financial crisis 1:35 PM ET Mon, 10 Sept 2018 | 06:18 That's been fueled by the fact that businesses have been borrowing increasing amounts under extremely accommodative conditions in a low-interest environment since the last crash without effectively improving their liquidity profiles
Don’t expect big stock gains for several years, Morgan Stanley warns
9/12/2018, 12:53:34 PMU.S. stock-market investors hopefully enjoyed strong returns, because it may be a while until a similar environment is seen again, say analysts at Morgan Stanley. ✔ Bitcoin, emerging market debt and equities, Italian government bonds, funding spreads, base metals, and early-cycle industries like home builders and airlines are being hit first or hardest, Wilson said ✔ We Want to Hear from You Join the conversation Comment
JPMorgan CEO Jamie Dimon is proving that 'too big to fail' isn't a dirty word
9/12/2018, 3:50:19 PMJamie Dimon has led the biggest winner of the post-crisis decade, but is there a convincing succession plan at the US bank? The Financial Times reports. ✔ Ms. Drew, he says, was running the biggest hedge fund in the world and enjoyed the support of Mr. Dimon because she did what he wanted her to do create additional earnings ✔ More from the Financial Times: Goldman partner left after making ethics complaint Lagarde warns of US-China trade war 'shock' to emerging markets Former Goldman commodities traders launch own fund
Analysis | The Finance 202: This new crop of Democratic candidates is targeting Wall Street
9/12/2018, 12:25:27 PMKatie Porter won't take donations from financiers at major firms. ✔ ‘We feel we need some recognition and to share in the profits of the company,’ said Michael Young, president of the union local for U.S. Steel’s Midwest Plant in Portage, Ind ✔ slams Myanmar for crackdown on journalists, freedom of press: Putin and Xi treat themselves to pancakes, vodka and caviar:
Analysis | The Daily 202: West Wing intrigue distracts from what the Trump administration is, and isn’t, doing
9/12/2018, 1:08:29 PMTuesday offered a revealing window into the Justice Department’s priorities. ✔ THE BIG IDEA: Speculation about who wrote that anonymous op-ed continues to be an absorbing parlor game, but few people are talking about the crushing national debt ✔ In Missouri's competitive Senate race earlier this year, Democratic incumbent Claire McCaskill was criticized for doing the same thing
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