US and China’s trade war is based on false assumptions
9/4/2018, 11:53:51 PMundefined ✔ As Donald Trump and Xi Jinping prepare to lead their countries into the world’s worst trade war since the 1930s, they appear to have forgotten the first half of Sun Tzu’s famous advice to know the enemy and know yourself ✔ Since then, Mr Liu has been the brains behind a campaign to rein in some of the riskiest practices in China’s financial sector
8@eight: ASX to retreat as trade war fears hover
9/4/2018, 10:35:33 PMWhat happened overnight and what's ahead for the ASX. ✔ ASX: Local equities appeared to fall in line with their regional counterparts yesterday, owing it seems to a reluctance by investors to buy into equities amid simmering trade wars and emerging market risks ✔ Market watch: SPI futures down 19 points or 0.3% to 6261 at 6.15am AEST AUD -0.4% to 71.80 US cents (Overnight low 71.57) On Wall St: Dow -0.1% S&P 500 -0.3% Nasdaq -0.2% In New York, BHP -1.7% Rio -3% Atlassian +2.1% In Europe: Stoxx 50 -1.1% FTSE -0.6% CAC -1.3% DAX -1.1% Spot gold -0.7% to $US1192.62 an ounce at 2.25pm New York time Brent crude +0.2% to $US78.34 a barrel US oil +0.3% to $US70.01 a barrel Iron ore +0.9% to $US66.62 a tonne Dalian iron ore +0.4% to 487 yuan LME aluminium -1.7% to $US2062 a tonne LME copper -2.5% to $US5815 a tonne 2-year yield: US 2.65% Australia 1.98% 5-year yield: US 2.77% Australia 2.13% 10-year yield: US 2.90% Australia 2.52% Germany 0.35% US-Australia 10-year yield gap: 38 basis points This column was produced in commercial partnership between Fairfax Media and IG
China turns to Africa to mitigate impact of US trade war
9/4/2018, 9:35:06 PMBeijing summit ends with promise of cooperation on business and security ✔ Some African trading partners are unhappy with simply importing large amounts of factory-made goods from China, prompting Beijing to work on increasing local production in African countries and creating local jobs ✔ Try 3 months for $9 Offer ends September 30th
Key contrarian indicator falls to 9-month low as stock investors grapple with heightened global risk
9/4/2018, 8:30:02 PMEven as worries about emerging markets and President Donald’s trade war continue to dog the stock market, a closely watched contrarian indicator hit its lowest level in months, underscoring the market’s resilience at a time when global risk looms large. ✔ They also view the Trump administration’s trade battles as a cold war that could continue indefinitely with intermittent flash points ✔ Sue Chang Sue Chang is a MarketWatch reporter in San Francisco ✔ We Want to Hear from You Join the conversation Comment
Summer's over. Now investors have to get ready for a rough fall
9/4/2018, 8:37:01 PMDarius Dale, managing director at Hedgeye Risk Management, will join CNN's Paula Newton on "Markets Now" on Wednesday to talk about the uncertainties facing Wall Street. ✔ After a strong summer, investors may want to prepare for a rocky autumn ✔ August 22 marked the longest period of uninterrupted gains in American history ✔ Before nearly ever economic downturn, the yield curve has inverted, meaning short-term rates are higher than long-term ones
China services sector growth slows further in August, inflation...
9/5/2018, 1:57:03 AMGrowth in China's services sector weakened again in August as new business picked up only slightly from July's more than two-year low, a private survey showed on Wednesday. ✔ Confidence in future business picked up from July’s near-record low, but remained well below the series average, the survey showed ✔ Growth in new business, which in July slowed to the weakest since December 2015, picked up only slightly last month ✔ Our Standards:The Thomson Reuters Trust Principles
Facebook, Nike drag Wall Street lower; trade concerns linger
9/4/2018, 8:58:24 PMU.S. stocks fell on Tuesday as trade concerns lingered and declines in Facebook and Nike shares weighed on Wall Street's major indexes, though data showing U.S. manufacturing activity accelerated in August kept losses in check. ✔ Amazon ended the session up 1.3 percent to $2,039.51 ✔ The Dow Jones Industrial Average .DJI fell 12.34 points, or 0.05 percent, to 25,952.48, the S&P 500 .SPX lost 4.8 points, or 0.17 percent, to 2,896.72 and the Nasdaq Composite .IXIC dropped 18.29 points, or 0.23 percent, to 8,091.25 ✔ Our Standards:The Thomson Reuters Trust Principles
Joe Donnelly promotes his independent streak on campaign trail
9/4/2018, 10:36:40 PMThe Indiana Democrat is trying to hold onto his Senate seat in a state Trump won by 19 points in 2016 ✔ Joe Donnelly, D-Indiana, wasn't about to take Labor Day off, instead canvassing his state and meeting with Indianans, urging them to get out and vote this fall ✔ Donnelly countered, Just doing something isn't necessarily a good thing ✔ I represent everybody and I want everybody to know I'll work with anyone if it makes life better
China’s policy choices crucial for global financial stability
9/5/2018, 12:36:38 AMundefined ✔ The British historian Arnold Toynbee remarked that America was a large, friendly dog in a very small room and that every time it wagged its tail it knocked over a chair ✔ There is also a presumption among investors that wealth management products generated by the shadow banking system will be underwritten by the state in the event of trouble
Health and tech stocks dip; Amazon flirts with $1 trillion
9/4/2018, 8:56:47 PMNEW YORK (AP) — U.S. stocks finished lower Tuesday as losses for health care and technology companies canceled out gains for banks. Another gain for Amazon briefly brought its mar ✔ Nike slumped after it gave a major endorsement deal to former San Francisco 49ers quarterback Colin Kaepernick, known for his protests of police brutality and racial injustice ✔ Apple reached the $1 trillion mark on Aug. 2 and is now valued at $1.1 trillion ✔ The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Sept
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