Trade war casts shadow over tech manufacturers
9/24/2018, 1:12:16 PMundefined ✔ Families in Taipei celebrated the annual mid-autumn harvest festival on Monday by watching the full moon over riverside barbecues on Monday ✔ Quanta Computer, another large Taiwanese contract electronics manufacturer, could also be hit as some of its production is based in Shanghai
US trade war with China intensifies as planned talks 'are axed' amid largest ever tariffs
9/24/2018, 3:18:08 PMDonald Trump is threatening to levy tariffs on over $500bn of Chinese products as tensions increase
Dollar adds to losses as new U.S.-China tariffs kick in
9/24/2018, 12:22:23 PMThe U.S. dollar weakened and major currencies trades in tight ranges as market participants assessed the latest developments in the trade war between the U.S. and China on Monday. ✔ Fed funds futures show traders have priced in a 92% chance of a rate increase ✔ Read: With its last easy decision, Fed will try to avoid adding fuel to the fire Perhaps most surprising of all was the rebound in cable which crossed above the $1.31 mark in London dealing and has not looked back, said Boris Schlossberg, managing director of FX strategy at BK Asset Management about the British pound GBPUSD, +0.5887% Sterling last bought $1.3141, compared with $1.3080 late Friday in New York ✔ Subscribe to MarketWatch's free Asia Daily newsletter ✔ We Want to Hear from You Join the conversation Comment
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, CMCSA, AMZN, FOXA, DVMT) | Markets Insider
9/24/2018, 12:40:12 PMundefined ✔ Reuters/Ramzi Boudina Here is what you need to know ✔ Much of this year's action suggests a rate-driven correction is nearing, Vincent Deluard, a macro strategist at INTL FCStone, said in a recent client note ✔ The S&P 500 is set to open down 0.23% near 2,923
Euro, Bund yield jump on Draghi inflation comments
9/24/2018, 2:01:41 PMundefined ✔ Markets viewed that as sign that the ECB would end the expansion of its €2.5tn quantitative easing programme at the end of this year despite headwinds emanating from the global trade war and turmoil in some emerging markets ✔ Italian, French and UK 10-year bond yields also got a lift, rising by 8.3 bps, 4.7 bps and 4.5 bps respectively
Pompeo, Bolton and Nikki Haley hold press conference on sidelines of UNGA -- live stream
9/24/2018, 3:02:00 PMThe senior administration officials brief reporters in advance of the president's speech to the General Assembly ✔ North Korea has indicated via the South it is willing to make additional concessions beyond closing some launching and testing facilities only if the U.S. will declare an official end to the Korean War by the end of the year ✔ CBS News' Errol Barnett contributed to this report
Palladium Rally Leads Sudden Rebound in Metals
9/24/2018, 12:11:43 PMA runaway rally in the silvery-white metal palladium is revving up investor optimism for global growth. ✔ Investors look at industrial metalswidely used in manufacturing and constructionbroadly to gauge growth world-wide ✔ The Stoxx Europe 600 posted its largest one-week advance since March ✔ To receive our Markets newsletter every morning in your inbox, click here
Silicon Valley to Trump: Thanks for the tax cuts, now go away
9/24/2018, 1:51:15 PMThe tech CEOs have already gotten what they wanted from the president—giant tax cuts, which have bolstered already fat bottom lines by billions ✔ This shows that the president doesn’t know how tariffs work ✔ Subscribe to MarketWatch's free Asia Daily newsletter ✔ Paul Brandus Paul Brandus is the White House bureau chief for West Wing Reports ✔ We Want to Hear from You Join the conversation Comment
Futures dip as trade worries resurface
9/24/2018, 12:31:28 PMU.S. stock index futures dropped on Monday as the latest round of Sino-U.S. tari... ✔ Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 20, 2018 ✔ Alibaba (BABA.N) was down 1.5 percent and Baidu BIDO.O 1.6 percent ✔ JD.com (JD.O), whose founder faces rape allegations, was last down 3.9 percent ✔ Our Standards:The Thomson Reuters Trust Principles
China persisting with intellectual property theft in violation of international commitments: report
9/24/2018, 2:06:13 PMThe Australian government is being urged to increase retaliation for commercial cyber attacks. ✔ While not publicly named, China is regarded as Australia’s primary cyber adversary, including in the area of IP theft ✔ Trade Minister Simon Birmingham last week told Fairfax Media that neither China or the US was coming to their trade dispute with purity and pointed to IP theft as one of the legitimate concerns
Wall Street lower as industrials, tech fall on trade woes
9/24/2018, 2:43:27 PMU.S. stock indexes fell on Monday, with industrial and technology shares bearing... ✔ The communications services index .SPLRCL, an expanded version of the old telecoms sector, dropped 0.36 percent in its debut ✔ Its new components, Facebook Inc (FB.O), Twitter (TWTR.N) and Alphabet (GOOGL.O), were flat to lower on renewed fears of higher regulation after a report said the White House has drafted a preliminary order to direct federal agencies to probe the business practices of social media and internet firms ✔ Our Standards:The Thomson Reuters Trust Principles
Are US stock market highs justified, or is there a bubble?
9/24/2018, 2:34:41 PMMassive earnings might reflect strength – but history suggests we should expect volatility ✔ Moreover, widespread anger over high war profits while men were being conscripted to risk their lives led many people, not just Americans, to start advocating for wealth conscription ✔ That outcome is hardly assured, but it would fit with a historical pattern of over-reaction to earnings changes
Do spectacular earnings justify spectacular stock prices?
9/24/2018, 3:04:15 PMRobert Shiller asks if spectacular corporate earnings justify high stock prices. ✔ From newspaper reports at the time, one can glean some clues ✔ Indeed, the U.S. first imposed a punitive tax on corporate profits above prewar levels when it entered the war in April 1917 ✔ It was a story of emergence from a that was safely in the past ✔ We Want to Hear from You Join the conversation Comment
Bull market heads into fourth quarter at highs, but faces hurdles in rising rates and valuations
9/24/2018, 1:46:50 PMMike Santoli assesses what, if anything, could force the bulls to play defense again heading into the end of the year. ✔ The monthly Bank of America Merrill Lynch global fund manager survey released last week showed cash holdings of institutions at an 18-month high and allocation to emerging markets at a record low relative to the U.S. This helps explain the sharp risk-asset rally last week: stocks up, led by emerging markets; U.S. dollar down; commodities up; Treasury yields up across all maturities, carrying bank stocks with them
Europe Hopes Oil Demand From China, India and Turkey Will Keep Iran in Nuclear Deal
9/24/2018, 4:00:25 PMWith European companies abandoning Iran in the face of growing U.S. pressure, European politicians backing Iran are counting on oil demand from China, India and Turkey to keep the 2015 nuclear deal alive. ✔ Iranian Foreign Minister Mohammad Javad Zarif attends a meeting in Vienna in July with European officials, including EU foreign-affairs chief Federica Mogherini ✔ It would escalate tensions with the U.S. and force Europe and others to reimpose their own sanctions
Analysis | The Finance 202: China shows it's in for long haul as Trump tariffs bite
9/24/2018, 12:22:03 PMThe country accuses the administration of 'trade bullying.' ✔ Kushner's charm offensive reflects a broader realization within the Trump White House that after dismissing elite donors in 2016, they are now a constituency that must be carefully tended to ✔ #TNYcartoons A post shared by The New Yorker Cartoons (@newyorkercartoons) on Sep 23, 2018 at 9:45am PDT BULL SESSION Republicans and Democrats vehemently split on Brett Kavanaugh: Fox News hosts give Trump conflicting advice on Rod Rosenstein: In the year of the woman, Republican candidates face certain hurdles:
John McDonnell speech to the Labour Party Conference 2018 in full
9/24/2018, 12:59:02 PMShadow Chancellor John McDonnell gave his keynote speech to the Labour Party Conference in Liverpool ✔ With figures like that, we can’t afford not to take them back ✔ Yesterday the press reported the Tories were drawing up secret plans for a quick general election ✔ Ready to campaign for victory, ready for Government, ready to build the future ✔ And you know, like Bill Shankly, we’ll be proud to call that future, socialism
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