Euro zone manufacturing growth eases on trade war worries: PMI
Euro zone manufacturing growth slowed to a near two-year low in August as optimism dwindled amid growing fears of an escalating global trade war, a survey showed on Monday. ✔ The future output index, which measures optimism, fell from 62.4 to 61.0 - its second lowest reading since late 2015 ✔ U.S. President Donald Trump has told aides he is ready to impose tariffs on $200 billion more in Chinese imports ✔ Our Standards:The Thomson Reuters Trust Principles
Shin-Etsu to boost silicone output by 50% as new rules and trade war hit China rivals
Japanese chemicals major to spend 110bn yen to disperse production ✔ Shin-Etsu did not disclose specifics of its capacity increases, but it plans to increase output by 50% from the current level by the end of 2020 ✔ The Japanese company has the fourth largest share in the global silicone market, where U.S. chemicals maker DowDuPont has the top share
Tariff fight adds to China's economic challenges
BEIJING (AP) — China faces bigger economic challenges than its trade war with the U.S. Even before tit-for-tat tariffs, growth in the world's No. 2 eco ✔ But it is a tricky balance to strike and communist leaders worry the economy is weakening too much ✔ A lot of this economic slowdown is really the result of an intended policy, said Tai Hui of J.P ✔ Beijing responded by easing lending and boosting government spending.(AP Photo/Ng Han Guan, File)
Factories feeling the pinch from escalating trade conflict
Manufacturing activity took a hit from weak orders in August, surveys showed, a sign firms are feeling the pinch from an intensifying trade war between the United States and China that could derail global growth. ✔ In Germany, Europe’s biggest economy, there are signs global trade tensions are having a more noticeable impact with industrial orders figures for July expected to show only a small rise, after falling by the most in nearly a year-and-a-half in June ✔ Our Standards:The Thomson Reuters Trust Principles
China's slowdown is taking a toll on its factories
Growth in output at Chinese factories slumped last month to its lowest level in more than a year, according to data published Monday, as signs of an economic slowdown multiply. ✔ The Chinese government's official manufacturing PMI reading, which was published Friday, showed a slight improvement in August ✔ That could help cushion the downturn, analysts say, but an imminent turnaround in the economy looks unlikely ✔ Growth will probably remain on a downward trajectory well into next year, Evans-Pritchard said
European shares flat amid trade and emerging market worries
European shares were little changed on Monday as worries about U.S. trade policy and concern over emerging markets weighed on stocks after Asian markets closed lower. ✔ The biggest mover at the open was veterinary products group Dechra Pharmaceutical (DPH.L), which sank close to 20 percent after publishing its full-year results and saying it was implementing a hard Brexit mitigation plan ✔ Our Standards:The Thomson Reuters Trust Principles
Trade worries help dollar settle at one-week highs
The dollar consolidated near a one-week high against a basket of rivals on Monday as tensions around global trade negotiations fueled demand for the greenback, though concerns about capital flows checked gains. ✔ It has gained nearly 7 percent since mid-April when trade tensions first arose ✔ On a positioning basis, markets remained firmly in the stronger dollar camp with net outstanding positions holding near their highest levels since January, 2017 ✔ Our Standards:The Thomson Reuters Trust Principles
Hope for partnership
undefined ✔ If this becomes a reality, the Moon administration will have no other choice but to suffer a serious setback in carrying out its policies, especially for job creation, regulatory reform, innovation promotion and a fair economy ✔ They are also required to redefine their status as a partner, not an enemy, of the government and ruling party
Hong Kong shares fall amid trade woes and weak China data
I-Cable more than doubles on deal with China Mobile unit ✔ The trade spat between the U.S. and China was also in focus after Trump last week reportedly said he could impose additional tariffs on $200 billion of Chinese goods soon as a deadline for public comments comes due Wednesday ✔ Denim fabric maker Hingtex Holdings tumbled 15.3% following a 29.2% plunge in first-half profit
China's President Xi pledges another $60 billion for Africa
Chinese President Xi Jinping has announced a $60 billion package of aid, investment and loans to Africa, against a backdrop of growing concern about rising debt distress from Chinese loans to the continent. ✔ Chinese President Xi Jinping in Beijing on September 3, 2018 ✔ Africa has borrowed about $130 billion from China since 2000, with loans generally used to finance infrastructure projects ✔ Janet Eom, a researcher at CARI, says this decline is mostly due to falling commodity prices
World stocks slip for third day as trade, emerging market worries nag
Global stock markets fell for a third straight day on Monday, hurt by worries over the escalation of trade disputes between world powers and a deepening sell-off across emerging market currencies. ✔ This morning’s inflation number was very high and the authorities still haven’t got a credible strategy to deal with that, said Chris Scicluna, head of economic research at Daiwa Capital Markets ✔ Brent crude oil LCOc1 was up 23 cents at $77.87 a barrel ✔ Our Standards:The Thomson Reuters Trust Principles
Trump is dangerous again as his Kim Jong-un ‘breakthrough’ turns sour | Simon Tisdall
Faced by the collapse of his only diplomatic ‘achievement’ and worried about his support at home, the president could go rogue, says the foreign affairs commentator Simon Tisdall ✔ American bungling has thrown into question Moon’s planned visit to Pyongyang next month – and has certainly rendered it more difficult ✔ Trump’s naive and egotistic blundering threatens more made-in-America disasters from east Asia to the Middle East and Europe
Stocks’ Return to Records Paves Way for Volatile Autumn
U.S. stocks are at all-time highs after an August rally, prompting some investors to brace for a reckoning heading into what historically has been a weak stretch for markets. ✔ Good times: Traders Andrew Silverman, left, Gregory Rowe, center, and Robert Charmak share a laugh Friday as they work on the floor of the New York Stock Exchange ✔ The pace of the gains, as well as that much of it came on relatively low trading volumes, has left some investors wary of a possible pullback
>>> Open This Series
Comments
Post a Comment