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Trade War - SERIES 175 {11 articles}

Germany on the BRINK: German BDI lowers 2018 growth forecast over US trade war and Brexit

9/25/2018, 4:28:33 PM
GERMANY has demanded the US and China to “urgently” sort of their trade-war as Europe’s largest economy will suffer, forecasters warn. Economic experts from Germany’s BDI industry association has revised its 2018 growth forecast in the wake of financial unrest caused by trade policy and Brexit. ✔ The German economy has been one of the strongest in the world in recent years and grown significantly over the past nine years, however BDI President Kempf believes action is needed now ✔ The centre-right leader added that six to eight weeks of hard work lie ahead to reach a possible deal in October


China accuses the U.S. of holding a knife to its neck and rules out new talks to resolve the trade war - Los Angeles Times

9/25/2018, 4:26:57 PM
A day after a bruising round of new tariffs came into effect, China ramped up its criticism of the U.S. in a news conference of six top trade and industry officials, portraying itself as a virtuous defender of global trade and the Trump administration as hurting the global economy. ✔ Wang said American producers of liquid natural gas would also miss out, as China looked to Australia and elsewhere because of tariffs ✔ Earlier this month, Trump tweeted that Ford’s decision to no longer sell its Chinese-built Ford Focus Active in the U.S. would mean the company could start manufacturing the car in America


One correlation in the commodities market could point to new S&P 500 highs

9/25/2018, 4:06:45 PM
Stocks are fighting to take back record levels this week. One technician is looking in an unusual corner of the market for proof they can build on this rally. ✔ The primary reason we're positive here is one, the indexes' breakout through January resistance; two, internal breadth is broader than many give it credit for; and, three, we're generally missing the typical conditions exhibited at a market top, he said


3 things to watch for from the Federal Reserve on Wednesday

9/25/2018, 5:08:28 PM
WASHINGTON (AP) — The Federal Reserve is all but certain Wednesday to raise its key short-term interest rate for the third time this year and to signal that another hike is likely ✔ Most economists foresee a slowdown in the nearly 10-year-old U.S. economic expansion as President Donald Trump's trade war takes a toll and the benefits of tax cuts start to fade ✔ Whatever the central bank's policymakers decide will affect the loan rates that consumers as well as businesses will face in the coming months


Farmers fear China will never return to the US soybean market

9/25/2018, 7:34:05 PM
The tariff war escalates as the US soybean harvest begins. ✔ The more options it has, the fewer U.S. soybeans it’s likely to buy ✔ It points to the Russian grain embargo, put in place by President Jimmy Carter in 1979 ✔ Some analysts blame the embargo for the farm crisis of the 1980s ✔ While they may have started it, the worry now is how and when it will end


Doubt over 2% inflation target grows within Bank of Japan

9/25/2018, 4:53:28 PM
Minutes from July meeting show concerns over easing's side effects ✔ The BOJ's policy-setting board decided that month to let long-term rates to rise to around 0.2%, allowing a wider range of movement ✔ Many board members called for measures to minimize easing's side effects at the meeting, according to minutes released Tuesday ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th


Oil boost and Italy budget hopes support European shares

9/25/2018, 4:09:46 PM
opean shares closed higher on Tuesday boosted by gains among oil stocks and opti... ✔ Signs that Italy's coalition was likely to reach a compromise over the 2019 budget lifted Italian stocks and bonds with the country's top FTSE MIB .FTMIB equity index up around 1.5 percent, outperforming the broader market ✔ Our Standards:The Thomson Reuters Trust Principles


Trump puts China on blast during UN speech, says Beijing's economic policies 'cannot be tolerated'

9/25/2018, 5:25:10 PM
President Donald Trump attacked China for its trade and economic practices during a speech to the UN General Assembly on Tuesday. Trump said that his latest tariffs were necessary to force Beijing to stop the theft of US intellectual property. ✔ The United States lost over 3 million manufacturing jobs, nearly a quarter of all steel jobs, and 60,000 factories after China joined the World Trade Organization, Trump said ✔ Last year, Trump derisively called Kim Jong Un Little Rocket Man, but on Tuesday the president thanked the North Korean leader for his courage and the steps he's taken in negotiations over the rogue state's nuclear ambitions


Opinion | A Nasty Brexit Threatens the West

9/25/2018, 4:38:22 PM
The U.K. plays an important role in sustaining American support for Europe. ✔ Some Europeans may view Brexit mainly as a matter of economics, but it is also inescapably a major security concern for the West ✔ The relationship between post-Brexit Britain and the rest of the West cannot be evaluated simply as an internal matter for the EU ✔ Appeared in the September 25, 2018, print edition


U.S. consumer confidence hits 18-year high; house prices slowing

9/25/2018, 4:57:29 PM
U.S. consumer confidence surged to an 18-year high in September as households gr... ✔ STRONG LABOR MARKET The Conference Board consumer survey’s so-called labor market differential, derived from data about respondents who think jobs are hard to get and those who think jobs are plentiful, rose to 32.5 in September, the highest level since January 2001, from 30.2 in August


UN cautions against populism in high-level week

9/25/2018, 4:02:52 PM
UNITED NATIONS (AP) — Warning that the world has a bad case of "trust deficit disorder" and risks "runaway climate change," U.N. Secretary-General Antonio Guterres urged global le ✔ UNITED NATIONS (AP) Warning that the world has a bad case of trust deficit disorder and risks runaway climate change, U.N ✔ chief painted a grim picture of the state of the world in his opening address to the annual gathering of presidents, prime ministers, monarchs and government officials from the U.N.'s 193 member nations ✔ However, these challenges should not and cannot possibly intimidate us


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