The dangers of trade war
9/3/2018, 12:42:36 AMundefined
Global stocks still hooked on buybacks; trade war snaring more...
9/3/2018, 12:39:20 AMThe historic run-up in world shares will continue through 2019, but the outlook for almost half of the major bourses polled by Reuters has slipped, with many now only expected to recoup losses from this year's sell-off. ✔ However, they are unlikely to make long-term capital investments for so long as there is so much uncertainty - particularly trade-related uncertainty - on a global basis ✔ [EPOLL/US] The risk that Britain leaves the European Union with no deal means that for the near-term at least, Britain’s FTSE 100 will lag its peers ✔ Our Standards:The Thomson Reuters Trust Principles
Asian stocks dip on trade, emerging market woes
9/3/2018, 1:30:24 AMAsian stocks dipped on Monday on worries about further escalation of the U.S-China trade war and unstable emerging market currencies. ✔ Trade war worries have lifted the safe-haven Swiss franc, which hit a four-month high of 0.9654 franc to the dollar CHF= and one-year high of 1.1240 per euro EURCHF= on Friday ✔ The Australian dollar AUD=D3, sometimes used as a proxy for bets on China, changed hands at $0.7191, having hit a 20-month low of $0.7171 on Friday ✔ Our Standards:The Thomson Reuters Trust Principles
Dollar edges higher on escalating global trade tensions
9/3/2018, 2:10:37 AMThe dollar firmed on Monday amid concerns over an extended U.S.-China trade war and following the failure of Washington and Ottawa to come to a deal on trade. ✔ The dollar was steady on Monday on worries of a prolonged China-U.S ✔ I think it's not a revelation to say that we're more concerned about the spillover of those discussions...That's always going to be overhanging (in a) negative way on the markets, Wakabayashi said
Asian markets take a step back to start September
9/3/2018, 2:40:55 AMAsian stock markets started September lower in early Monday trading, as trade-war fears increased after the U.S. and Canada missed a deal deadline set for Friday and uncertainty rose about escalating tariffs between the U.S. and China. ✔ Hong Kong’s Hang Seng Index HSI, -0.81% was down 0.3%, as Tencent 0700, -2.65% dropped an additional 2% following the Chinese government’s crackdown last week on online games ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ We Want to Hear from You Join the conversation Comment
Bank of Japan braces for trade war's collateral damage
9/3/2018, 1:05:12 AMUS-China friction gives central bank more to consider beyond inflation ✔ An assessment of the impact of the trade war will be included in the October edition of its Outlook for Economic Activity and Prices report ✔ Unable to get its message understood by market players, Japan's central bank has the unenviable task of heading into the global turbulence that awaits
Taiwan manufacturing growth drops to nearly 2-year low
9/3/2018, 1:00:50 AMundefined ✔ The latest Nikkei-Markit Taiwan manufacturing purchasing managers’ index came in at 53 in August, down a hair from 53.1 a month earlier and still holding clear of the 50 point mark that separates expansion from contraction ✔ Despite higher rates of output and new orders, staffing levels failed to increase for the first time in five years and sentiment towards the year ahead slipped to a two year low, according to IHS Markit, which compiles the survey
Taiwan manufacturing sector grows at slowest pace in 22 months
9/3/2018, 12:51:43 AMAsia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on asia.nikkei.com ✔ A reading above 50 points to economic expansion, while a reading below 50 signals contraction ✔ Encouragingly, export sales rose for the twenty-seventh month in a row, and at a solid pace, suggesting that external demand remained relatively robust, said Annabel Fiddes, principal economist at IHS Markit, which compiles the survey
China Caixin manufacturing gauge dips to 14-month low
9/3/2018, 2:48:01 AMundefined ✔ The Caixin China purchasing managers’ index dipped to 50.6 in August from 50.8 in July, bringing the reading closer to the 50-point level separating expansion from contraction ✔ That pushed down overall demand with new business rising at the slowest pace for 15 months
A private survey of Chinese manufacturing hits a 14-month low for August
9/3/2018, 1:52:02 AMThe private Caixin/Markit Purchasing Manager's Index came in at 50.6, down from 50.8 in July. ✔ AFP | Getty Images A Chinese employee works on bicycle parts made for sharing bicycles at a factory in Jinhua in China's eastern Zhejiang province ✔ A reading above 50 indicates expansion, while a reading below that signals contraction ✔ In August, the U.S. and China slapped tariffs on $16 billion worth of goods on each other
Asia stocks wobble as global trade worries pick up again
9/3/2018, 2:57:51 AMundefined ✔ Monday 02:45 BST What you need to know Equities wobble as trade worries rise Sterling slips after May, Barnier comments clash on Brexit US-China tension back in focus Australian dollar touches lowest point since early 2017 Leading quote We shouldn’t have to buy our friends with bad Trade Deals and Free Military Protection! ✔ On the one hand, the radical uncertainty surrounding the next stage of the trade war weighs on sentiment
Asia-Pacific stocks fall after Trump stokes trade tensions
9/3/2018, 2:19:14 AMundefined ✔ Donald Trump said on Twitter: We shouldn’t have to buy our friends with bad Trade Deals and Free Military Protection! …There is no political necessity to keep Canada in the new Nafta deal ✔ And China equities remained caught between two forces, Société Générale analysts also said:
Japan Q2 capex leaps in bright sign for sustainable growth
9/3/2018, 1:18:11 AMAsia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on asia.nikkei.com ✔ TOKYO (Reuters) -- Japanese corporate capital expenditure in April-June jumped by its most since 2006, raising hopes for sustainable economic recovery led by the private sector, although global trade tensions cloud the outlook for an export-reliant economy ✔ The capex data will be used to calculate revised gross domestic product figures due on Sept
Japan manufacturing PMI rises, but trade protectionism poses a threat
9/3/2018, 1:02:43 AMJapanese manufacturing activity expanded in August at a slightly faster pace than the previous month as new orders accelerated, but a decline in export orders may raise concerns about the impact of trade protectionism. ✔ The index for export orders showed contraction, falling to 49.7 from 50.0 in July due to weaker demand from China, the survey showed ✔ Output prices charged by Japanese manufacturers rose at the fastest pace since October 2008 due to rising input costs, the survey showed ✔ Our Standards:The Thomson Reuters Trust Principles
Global trade tensions are likely to get even worse after the US midterms, expert says
9/3/2018, 3:33:18 AM"Investors and businesses should be extraordinarily nervous going into this season," said businessman and trade expert Steven Okun. ✔ So you lose the ability to control quite a bit of your agenda, and that applies across the entire administration, Okun concluded ✔ The president still has some authority under trade, he's going to be able to put on the auto parts tariffs if he wants, he's going to be able to hit China with $200 billion and another $200 billion on top of that ✔ CNBC's Yen Nee Lee and Javier David contributed reporting to this story
Investors in China weigh MSCI part 2, armed with wishlist
9/3/2018, 12:51:37 AMThe inclusion of Chinese stocks in MSCI's benchmark indexes this year has made mainland equities more attractive to foreign buyers, but exposure to global investment has also revealed some rough edges around corporate China's governance standards. ✔ Bloomberg | Bloomberg | Getty Images Investors stand at trading terminals in front of an electronic stock board at a securities brokerage in Shanghai, China, on Wednesday, May 30, 2018 ✔ While active fund managers have leeway in allocating funds to China, whose main index is down 17 percent this year, managers of passive portfolios that track the MSCI indexes will have to include the roughly 230 Chinese companies in the benchmark
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