European markets seen slightly lower amid global trade war concerns
9/3/2018, 5:57:47 AMEuropean stocks are set to open slightly lower Monday morning, amid heightened concerns of an escalating trade war between the world's two largest economies. ✔ If implemented by the Trump administration, it would be another major escalation given Washington has already applied charges on $50 billion of exports from Beijing ✔ In Asia, MSCI's broadest index of Asia-Pacific shares, excluding Japan, slipped 0.7 percent Monday, though trading could be subdued due to a U.S. market holiday
China's manufacturing growth hits 14-month low as trade war bites - business live
9/3/2018, 7:08:32 AMAll the day’s economic and financial news, including new healthchecks on the world’s factories ✔ 3.07am EDT03:07 China isn’t the only country to experience a manufacturing slowdown last month ✔ Photograph: STR/AFP/Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business
Investors cautious on trade as ASX closes lower
9/3/2018, 7:39:01 AMThe Australian sharemarket kicked the week off lower, as increased trade war fears rattled the materials sector. ✔ While it does view the WestConnex acquisition as a positive, on balance it believes there will be a more attractive entry point in the future ✔ He now covers markets at the AFR and keeps a close eye on IPOs ✔ Our new podcast series from the team behind Phoebe's Fall View episodes
Asian stocks down for third session as trade, EM worries persist
9/3/2018, 7:00:35 AMAsian stocks dropped for the third consecutive session on Monday, hit by worries over further escalation of the U.S-China trade war and unstable emerging market currencies. ✔ U.S. shares and only a handful of countries are likely to continue to attract global funds, said Mitsubishi’s Fujito ✔ 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 ✔ Our Standards:The Thomson Reuters Trust Principles
Trade expert outlines what's next in the US-China tariff battle
9/3/2018, 4:09:05 AMWith U.S. President Donald Trump not backing down from the trade dispute with China, the world is now awaiting his decision on when and how he'll implement a proposed $200 billion in additional tariffs on Chinese goods. ✔ So far, the U.S. has imposed tariffs on $50 billion of Chinese goods and China has retaliated in kind ✔ WATCH: Hard to price in the tension from the trade war Hard to price in the tension from the trade war, investor says 4:31 AM ET Fri, 31 Aug 2018 | 03:07
Britain's losing trade strategy
9/3/2018, 6:51:07 AMundefined ✔ The most successful example of such integration is, of course, the EU ✔ In the case of the U.K., some 40 percent of services exports go to the EU, 21 percent to the U.S., and the rest to Asia, non-EU European countries, Latin America, Africa, Australasia, and the South Pacific ✔ Copyright belongs to Project Syndicate (www.project-syndicate.org)
Asian factories feel pinch from escalating trade conflict
9/3/2018, 5:04:48 AMManufacturing activity in major Asian economies took a hit from weak export orders in August, a sign firms are starting to feel the pinch from intensifying trade friction between the United States and China that many fear could derail global growth. ✔ A Reuters poll last month forecast growth in the world’s biggest economy will slow steadily in coming quarters, with analysts expecting Trump’s trade war to inflict damage ✔ [nL8N1VE34L] Another poll showed a similarly cautious outlook for euro zone growth over the remainder of this year and in 2019 ✔ [nL3N1VP1KK] Our Standards:The Thomson Reuters Trust Principles
Dollar holds firm on escalating global trade tensions
9/3/2018, 4:12:44 AMThe dollar held firm on Monday, benefiting from its status as a safe haven as investors took the impasse in U.S.-Canada trade negotiations as a bad sign for the even trickier talks between the United States and China. ✔ REUTERS/Marcos Brindicci/File Photo The dollar index against a basket of six currencies .DXY inched a tad higher to 95.163 as of 0325 GMT on Monday, building on gains made during the past two sessions ✔ The euro EUR= was down about 0.1 percent at $1.1597 as of 0330 GMT, extending its slide of the past two sessions ✔ The yen JPY= advanced nearly 0.2 percent to 110.915 yen ✔ Our Standards:The Thomson Reuters Trust Principles
Hong Kong shares fall with region as trade woes resurface
9/3/2018, 5:04:49 AMI-Cable surges on deal with China Mobile unit while gaming woes hurt Tencent ✔ The trade war will enter another important stage this week as market participants observe whether the U.S. will impose tariffs on $200-billion Chinese imports ✔ Denim fabric maker Hingtex Holdings tumbled 14.3% following a 29.2% plunge in first-half profit
Oil prices unlikely to rise above $80 this year, Oman minister says
9/3/2018, 7:40:45 AM"I think for the rest of this year we should see stability between $70 and the high 70s (dollars a barrel), or low 70s to high 70s," Mohammed bin Hamad Al-Rumhy, said. ✔ The agreement continues and has worked to stabilize markets, with prices currently around the mid-$70 mark, although the U.S. has criticized increasing prices ✔ If there is a serious trade disagreement between the U.S. and China the Chinese consumption of energy will be impacted negatively from our point of view and the ability to produce and export will be impacted and I think, and many people agree with me, that the demand will be impacted so that's not good for us
Harley-Davidson lovers in Milwaukee discuss Trump, tariffs … and time
9/3/2018, 6:27:27 AMBikers are getting older and the chill from the president’s tariffs is getting colder – what’s an American icon to do? ✔ On any normal day, visitors can walk around the genteel downtown area, taking in a slew of neo-gothic buildings, or look to the east, where sailboats bob on Lake Michigan ✔ The company was one of only two American motorcycle manufacturers to survive the Great Depression – the other, Indian, went out of business in 1953 before reviving under different ownership – but it now faces fundamental challenges
Monday briefing: Boris Johnson attacks May's 'white flag' Brexit
9/3/2018, 6:17:21 AMFormer foreign secretary says Europe has ‘so far taken every important trick’ … Littlewoods ‘heartbreaking’ blaze … and coping with the end of summer ✔ Top story: Escalation of hostilities Good morning – this is Alison Rourke bringing you Monday’s top stories to start your week ✔ It amounts to a significant escalation of hostilities before the Commons returns tomorrow ✔ The best theory of reality that physicists have explains only 4% of the observable universe
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