Global stock markets fall on trade war pessimism; oil rallies
9/24/2018, 7:42:55 PM- Stock markets around the world retreated on Monday amid concerns over the pote... ✔ This is here to stay, said Adrien Dumas, a manager at Mandarine Gestion in Paris, arguing that because trade is at the core of the Trump administration’s agenda, investors should accept that the issue is unlikely to recede any time soon ✔ Slideshow (2 Images) Our Standards:The Thomson Reuters Trust Principles
The London Report: FTSE retreats in response to trade war tension
9/24/2018, 6:46:34 PMundefined ✔ Gains for the oil stocks were not enough to keep the FTSE 100 in positive territory, with the index retreating in response to China’s move against US threats to extend tariffs ✔ Testing specialist Intertek , a proxy for global trade tensions, had its worst session in six weeks
Trump-Xi talks sought at G-20 as trade war escalates
9/24/2018, 7:57:50 PMUS consumers brace for price hikes while Chinese drivers worry of expensive gas ✔ Global economic growth could likewise slow by as much as 0.7 percentage point ✔ The State Council, China's government, on Monday claimed China has kept the door to negotiations open in a white paper on trade frictions with the U.S., according to the official Xinhua News Agency ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th
Trade war escalates as China puts new tariffs on U.S. products
9/24/2018, 6:41:04 PMThe decision by China is in response to the recent tariffs on $200 billion in imported Chinese goods announced by the Trump administration.
Washing machines offer a simple explanation for how Trump's trade war could cause sticker shock in America | Markets Insider
9/24/2018, 4:35:48 PMundefined ✔ Labor Department data showed washing-machine costs rose 15% a month in the three months to August, the most in more than a decade ✔ Prices had declined more than 5% year-over-year in 2017 and edged lower during the first quarter of 2018 ✔ Wide-ranging tariff increases would also reduce the purchasing power of U.S. households, the central bank said
As hefty new tariffs take effect, there is no sign of an end to the U.S.-China trade war - Los Angeles Times
9/24/2018, 6:06:36 PMAs hefty new tariffs came into effect Monday in the escalating trade war, China accused America of “trade bullyism” and protectionist policies that would harm the global economy, in comments published in state-owned media. ✔ Trade talks in recent months have not narrowed the gap between the two sides and no resolution is expected this year ✔ The friction between Washington and Beijing is being felt in other areas as well, including the mounting military tensions in the South China Sea, where China has built military installations on a series of islands and the United States carries out regular Freedom of Navigation exercises
China trade news: New tariffs imposed TODAY - China issues ANOTHER threat to Trump
9/24/2018, 6:59:49 PMTARIFFS imposed on Chinese goods by the US have sparked accusations of bullying in the intensifying trade war between the economic superpowers. ✔ Washington imposed tariffs to nearly 6,000 items which are the largest trade tariffs yet ✔ Items affected include textiles, rice and handbags - but smartphones and high chairs have been exempted ✔ Scott Brown, chief economist at Raymond James in St ✔ An additional 10 percent has been added to meat, wheat, chemicals and wine
North American dealmaking leaves M&A at record high
9/24/2018, 6:25:11 PMundefined ✔ At the moment, the midterm elections and a potential trade war are in the back of people’s minds but at the same time you obviously have an S&P and Dow at just about an all-time high point, said Leon Kalvaria, chairman of Citi’s institutional clients group, which provides advice to large corporations
Strong economy and stock market may lead Trump to ‘major miscalculation’, say JPMorgan analysts
9/24/2018, 5:57:03 PMJPMorgan Chase & Co. analysts, led by cross-asset strategist John Normand, in a Sept. 21 research report, says investors should be prepared for the possibility of a “major miscalculation” by President Donald Trump’s administration on trade. ✔ Moreover, $200 billion in tariffs of 10% on Chinese imports and 5% to 10% import duties on $60 billion in U.S. goods were set to take effect on Monday ✔ Thus far in September, the Dow is on track to post a 2.3% rise, despite a slump on Monday, while the S&P 500 index SPX, -0.38% is on pace to show a gain of 0.5% ✔ We Want to Hear from You Join the conversation Comment
Fed's 3rd hike this year expected despite rising trade risks
9/24/2018, 5:25:28 PMWASHINGTON (AP) — The Federal Reserve is set this week to raise interest rates for a third time this year to prevent the economy from growing too fast. But with President Donald T ✔ She realizes that the economy is in a different place, Zandi said ✔ 26, what it’s poised to do for a third time this year: Raise its key short-term interest rate by a modest quarter-point to help keep inflation in check, and signal that another hike is likely in December
Fed watchers seek hints about future rates amid likely hike
9/24/2018, 4:40:14 PMWASHINGTON (AP) — The Federal Reserve will surprise no one if it does Wednesday what it seems poised to do for a third time this year: Raise its key short-term interest rate by a ✔ The economy, as measured by the gross domestic product, is expected to grow 3 percent for 2018 as a whole ✔ 26, what it’s poised to do for a third time this year: Raise its key short-term interest rate by a modest quarter-point to help keep inflation in check, and signal that another hike is likely in December
Wall Street drops as Rosenstein jitters add to trade woes
9/24/2018, 5:56:35 PMIndustrials took the biggest knock on Wall Street on Monday as the latest U.S.-C... ✔ At 13:02 a.m. ET the Dow Jones Industrial Average .DJI was down 192.69 points, or 0.72 percent, at 26,550.81, the S&P 500 .SPX was down 15.03 points, or 0.51 percent, at 2,914.64 and the Nasdaq Composite .IXIC was down 20.22 points, or 0.25 percent, at 7,966.74
Wall Street falls as U.S.-China tariffs kick in
9/24/2018, 7:28:22 PMWall Street's three main indexes were lower on Monday after a new round of ... ✔ Other gainers included the re-branded and expanded communications services index .SPLRCL and the technology sector .SPLRCT ✔ The White House announced a meeting between Trump and Rosenstein after a flurry of conflicting reports about whether Rosenstein, a frequent target of Trump’s anger, would be leaving ✔ Our Standards:The Thomson Reuters Trust Principles
Everything Looked Great for the Dollar Recently, So Why Didn’t It Go Up?
9/24/2018, 5:17:32 PMThe greenback has been weakening for the past month, as market sentiment overpowered the fundamentals of economics and interest rates. The preceding months hold clues as to why. ✔ (Troubled Argentina is a notable exception.) A clue to what is going on can be found in the yen, the one major currency weaker against the dollar since mid-August ✔ Fundamentals are likely to reassert themselves eventually, but sentiment has the momentum for now
China splits the internet while the U.S. dithers
9/24/2018, 7:24:03 PMThere are few stories as important right now as the internet being ripped asunder by the increasing animosity between the U.S. and China. Eric Schmidt, the former chairman of Alphabet, said last week at a private event in San Francisco that “I think the most likely scenario now is not a splintering… ✔ There are few stories as important right now as the internet being ripped asunder by the increasing animosity between the U.S. and China ✔ Through the Belt and Road initiative and fledgling institutions like the Asian Infrastructure Investment Bank, China has provided massive outlays to other nations primarily around infrastructure, building partnerships and deepening economic ties
Do Spectacular Earnings Justify Spectacular US Stock Prices?
9/24/2018, 5:04:22 PMWith share prices and corporate earnings moving together on a nearly one-for-one basis, one might conclude that the U.S. stock market is behaving sensibly. But it hasn’t always been so dismissive of the volatility of earnings. ✔ Indeed, the U.S. first imposed a punitive tax on corporate profits above prewar levels when it entered the war in April 1917 ✔ He is the author of Irrational Exuberance, the third edition of which was published in January 2015, and, most recently, Phishing for Phools: The Economics of Manipulation and Deception, co-authored with George Akerlof
Fast-growing chip makers are selling for a discount after Trump tariff announcement
9/24/2018, 4:32:37 PMSemiconductor stocks are being hurt in the short term, but if you take a long-term view, you have the chance to outperform benchmark indexes. ✔ It’s interesting to see that even after many years of faster earnings and sales growth, along with overall outperformance for the stocks, there are enough nonbelievers out there to keep the semiconductors as a group quite cheap relative to the benchmark index
Opinion | The great AI duopoly
9/24/2018, 6:42:58 PMAmerica and China’s tech empires will one day cover the world. ✔ It flew onboard SpaceX’s Dragon cargo capsule, which lifted off on June 29, 2018 from Cape Canaveral, Florida ✔ WorldPost: This data gap, combined with China’s distinct business model that you’ve described, increasingly puts tech industries on entirely different footings
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