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Trade War - SERIES 86 {13 articles}

Asia markets poised for cautious open as trade concerns weigh

9/3/2018, 11:41:57 PM
U.S. markets were closed on Monday for Labor Day, but concerns around the future of the North American Free Trade Agreement and a possible escalation of the U.S.-China trade war continued to weigh on markets. ✔ On Monday, Indonesia's rupiah fell to its weakest level in more than 20 years and the country's central bank reportedly said it would intervene in foreign exchange and bond markets ✔ Here is a look at the day ahead: Australia's current account for the second quarter of 2018 at 9:30 a.m. HK/SIN Reserve Bank of Australia's decision at 12:30 p.m. HK/SIN Reuters contributed to this report


8@eight: Trade worries hover over markets

9/3/2018, 10:09:28 PM
What happened overnight and what's ahead for the ASX. ✔ The knowledge that the RBA will likely remain supportive of the economy helps undoubtedly, as interest rate markets price in less than one rate hike before March 2020 ✔ Market watch:  SPI futures down 3 points or 0.1% to 6297 at 6.30am AEST AUD +0.3% to 72.13 US cents Wall St closed for Labor Day In Europe: Stoxx 50 +0.1% FTSE +1% CAC +0.1% DAX -0.1% Spot gold -0.2% to $US1201.36 an ounce at 1.37pm New York time Brent crude +0.5% to $US78.03 a barrel US oil +0.4% to $US70.10 a barrel Iron ore -0.4% to $US66.05 a tonne Dalian iron ore +0.3% to 484.50 yuan LME aluminium -1.3% to $US2097 a tonne LME copper -0.1% to $US5967 a tonne 2-year yield: US 2.63% Australia 1.96% 5-year yield: US 2.74% Australia 2.11% 10-year yield: US 2.86% Australia 2.52% Germany 0.33% US-Australia 10-year yield gap: 34 basis points This column was produced in commercial partnership between Fairfax Media and IG


Opinion | Trump promised farmers ‘smarter’ trade deals. Now he has to bail them out.

9/3/2018, 11:43:57 PM
The first part of Trump’s $12 billion agricultural bailout program begins Tuesday. ✔ By Catherine Rampell Columnist September 3 at 6:56 PM Trade, not aid ✔ That farmer bailout spending, after all, looks like it will be paid for at least partly through more federal borrowing including, presumably, from China, which is the largest foreign holder of U.S. Treasurys


Asian factories feel pinch from escalating U.S.-China trade conflict

9/3/2018, 9:34:37 PM
Manufacturing 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. Surveys of purchasing managers released on Monday showed persistent… ✔ 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 ✔ But separate data showed the country's retail sales fizzled out in July, pointing to a subdued start for the third quarter


Markets Live: ASX futures point to flat open

9/3/2018, 11:34:23 PM
With US markets taking a holiday on Monday, the ASX futures suggest a flat start to the day. ✔ It places traders in a starkly different position compared to last week when it was hope that perhaps US President Trump and his administration had turned a corner with their views on global trade ✔ As has proven the case time and time again however, clarity, stability and consistency on any topic can't be expected out of this White House


Export slump hits factories

9/4/2018, 2:32:54 AM
FACTORY growth fell to its weakest for over two years in August and optimism among manufacturers is at a 22-month low after export orders dried up. ✔ IHS Markit director Rob Dobson said manufacturing will not provide any support to the wider economy in the third quarter, amid trade war and Brexit uncertainty ✔ BRC chief executive Helen Dickinson said: The pressure on disposable income has meant some shoppers are less able to spend on the more discretionary non-food items such as clothing and footwear


Dollar, yen strengthen on lingering trade, emerging market worries

9/4/2018, 2:46:51 AM
The greenback and yen strengthened on Tuesday on the back of worries over global trade and emerging market currencies. ✔ Similar surveys in Asia showed the region's key exporting nations coming under strain from the escalating global trade frictions ✔ The Reserve Bank of Australia holds its September policy meeting on Tuesday and is considered certain to keep rates at a record-low 1.5 percent


Little prospect of surge in inflation

9/4/2018, 12:17:57 AM
Economy sound, says NDRC official, with major monetary easing unlikely ✔ Customers buy seafood in a market in Nanning, South China's Guangxi Zhuang autonomous region, June 9, 2018 ✔ China's consumer price index, a main gauge of inflation, rose by 2.1 percent in July from a year earlier, beating market expectations, according to data from the National Bureau of Statistics


China pledges another $60bn to Africa in bid to win allies

9/3/2018, 9:33:52 PM
Xi Jinping says Beijing's investment and aid has no political strings attached ✔ China and Africa are natural allies with common aspirations, official Chinese media have quoted Foreign Minister and State Councilor Wang Yi as saying ✔ Get unique insights on Asia, the most dynamic market in the world ✔ Try 3 months for $9 Offer ends September 30th


Reuters poll: Chance of hard Brexit holds at 25 percent, economists...

9/4/2018, 12:42:33 AM
There is a one chance in four that Britain will leave the European Union in March without a deal, a Reuters poll found, while the Bank of England will wait until after Brexit before raising borrowing costs again. ✔ But as there is still little clarity on how Britain will trade from April, and as a global trade war escalates, median forecasts for post-Brexit economic growth were revised down from August projections ✔ (Other stories from the Reuters long-term economic outlook polls:) Our Standards:The Thomson Reuters Trust Principles


Texas wants to continue trade with China, say experts

9/4/2018, 1:50:02 AM
While US-China trade tensions continue to escalate at the federal level, some experts and business leaders in Texas voiced the state's desire to continue its trade relationship with China. ✔ An employee rides a horse through a beef cattle pen during twice-daily health and safety inspections at the Texana Feeders feedlot in Floresville, Texas, US ✔ Although the impact from the tariff isn't immediately available in terms of trade data, Harvey warned that the toxic business environment generated by the trade disputes could stall business deals


'Trump is checking out of Asia': What Australia should do about it

9/3/2018, 11:13:14 PM
Australia needs to make contingency plans for finding security in a region where the US is increasingly remote and China increasingly present. ✔ Beijing and Jakarta both lay overlapping claim to part of the South China Sea, for instance, the source of some friction in the last couple of years ✔ He faces re-election next year, as does Morrison ✔ And even help create some stability in a region where that quality is fast shrinking


Cities new sources of economic power - Opinion

9/3/2018, 11:50:54 PM
undefined ✔ Li Min/China Daily The world has a demand problem, and it is dealing with it all wrong ✔ It is also China's most innovative urban cluster, generating more than 50 percent of the country's international patent applications ✔ Evaluations of those experiences led to last year's announcement of more FTZs, as well as the Xiong'an New Area, an ambitious plan to transform the dusty plains in Hebei province near Beijing and Tianjin into a dynamic green model city, by using cutting-edge technology


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