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Trade War - SERIES 198 {17 articles}

European shares rise as NAFTA deal lifts sentiment

10/1/2018, 9:33:40 AM
European shares rose on Monday morning as optimism on the trade war front was li... ✔ The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 27, 2018 ✔ Peer Easyjet (EZJ.L), Air France-KLM (AIRF.PA) and BA owner IAG (ICAG.L) were down 4.1 percent, 2.6 percent and 1.4 percent respectively ✔ Our Standards:The Thomson Reuters Trust Principles


China says its economy is slowing. Its central bank may be preparing to intervene

10/1/2018, 6:48:12 AM
Beijing will likely take steps to mitigate the impact of the country's trade war with the U.S. as recent economic indicators from China point to a slowdown, an economist said on Monday. ✔ How China manages its monetary policy    8:31 AM ET Tue, 31 July 2018 | 01:19 I think we are expecting some more triple-R cuts by the end of the year .. ✔ I think one more triple-R cut by end of the year, Ng said, referring to possibility that the People's Bank of China may cut reserve requirement ratios for banks in order to boost liquidity and growth ✔ CNBC's Yen Nee Lee and Reuters contributed to this report


The new NAFTA deal doesn't mean US-China trade relations are about to improve

10/1/2018, 8:55:02 AM
A last-gasp deal to salvage the North American Free Trade Agreement (NAFTA) does nothing to improve the prospect of a meaningful breakthrough in the U.S.-China trade war, one market expert told CNBC on Monday. ✔ We don't quite know, so I think that the story will probably be with us for years, not months, Costa said ✔ Trump's primary objective during NAFTA negotiations was to bring down U.S. trade deficits a key goal he has also pursued with Beijing by imposing hundreds of billions of dollars on imported goods from China


Trump protectionism jolts South Korea's growth engine

10/1/2018, 10:25:30 AM
12% fall in shipments to U.S. pushes exports down the most in two years ✔ On the flip side, shipments to China rose 7.8% because of rising demand for semiconductors related to the internet of things and artificial intelligence ✔ Shipments to Latin America tumbled 42.7% on growing political uncertainties in the region and the falling value of currencies in Argentina, Mexico and Brazil


Everything you need to know to sound smart about tariffs

10/1/2018, 9:11:18 AM
Here’s a primer on tariffs—what they are, some background, and how they may affect you. ✔ The biggest trade war in history kicked off in 1930 with the signing of the Smoot-Hawley Tariff, which levied taxes averaging more than 45% on nearly 900 items imported from many other nations ✔ We Want to Hear from You Join the conversation Comment


Beijing axes coal and steel production curbs

10/1/2018, 8:30:42 AM
undefined ✔ Recommended China’s economy faces deeper risks than trade war Meanwhile, widely expected steel curbs have been scrapped completely, as long as producers meet emissions targets ✔ Notably, policies and enforcement this year is left largely to local governments, leaving them to choose between the risk of missing pollution targets or disrupting the newest construction splurge


Chinese tech has taken hefty blows but giants like Tencent and Baidu are not out for the count

10/1/2018, 6:30:52 AM
Collectively, the BATs or Baidu, Alibaba and Tencent, have lost around $165 billion in value year-to-date, each for their own reasons. While the stocks may have taken a couple of hefty blows this year, they're certainly not down for the count. ✔ VCG | Getty Images Tencent CEO Pony Ma Huateng, Alibaba's Jack Ma and Baidu CEO Robin Li, attend the China IT Summit 2017 at Shenzhen Wuzhou Guest House ✔ Things continued to go very well for the big three throughout the first half of the year, with all of the firms' share share prices hitting record highs ✔ Tencent is pushing WeChat Pay, the payments service that runs within WeChat


China cancels security talks with United States

10/1/2018, 8:34:08 AM
China has canceled a security meeting with U.S. Secretary of Defense Jim Mattis that had been planned for October, a senior U.S. official said on Sunday, days after a top Chinese official said there was no reason to panic over tensions between the countries. The official, who is involved in… ✔ The tension is escalating, and that could prove to be dangerous to both sides, the official said ✔ Security Council meeting on Wednesday, President Donald Trump accused Beijing of seeking to meddle in the Nov. 6 U.S. congressional elections to stop him and his Republican Party from doing well because of his China trade policies


Pound US dollar exchange rate: GBP holding against USD despite growing UK factory activity

10/1/2018, 9:42:55 AM
THE pound US dollar exchange rate is currently at around $1.305, holding close to this morning’s opening levels and still down around a cent from last week’s peak. The pound is range bound against the US dollar this morning as markets reflected on some mixed manufacturing figures from the UK. ✔ Headcounts fell at larger companies for a second successive month ✔ At the same time, the US dollar is trading in a narrow range this morning as safe-haven demand is softened by a breakthrough in NAFTA talks between the US and Canada ✔ Meanwhile tomorrow will see the release of the UK’s latest construction PMI


Nikkei index hits 27-year high as Japan’s investor anxiety eases

10/1/2018, 9:51:18 AM
Weak yen, Nafta deal drives optimism for earnings upgrade ✔ The benchmark stock index closed 0.5% higher to end at 24,245.76 -- its highest finish since November 1991 ✔ Meanwhile the U.S. and Canada forged a deal to revise Nafta ✔ The announcement eased concerns, leading to gains in European stocks and U.S. equity futures, and lifting overall stock market sentiment ✔ trade talks and upward revisions of earnings forecasts


Euro zone manufacturing growth at two-year low, outlook gloomy: PMI

10/1/2018, 8:26:23 AM
Euro zone manufacturing growth slowed further to a two-year low at the end of th... ✔ With neither Beijing nor Washington ready to compromise and the latest tariffs on each other’s goods already imposed, that conflict is a worrying backdrop to an already-weakening factory expansion in Europe ✔ Euro zone manufacturing shifted down yet another gear at the end of the third quarter ✔ Our Standards:The Thomson Reuters Trust Principles


Yen's fall undermines Korean exports

10/1/2018, 7:08:41 AM
undefined ✔ The weak yen is positive for Japanese exporters as they will be able to gain a price competitive advantage in the number of products sold abroad such as cars, ships and electronic appliances ✔ The U.S. deficit with Japan reached $68.8 billion last year, the third highest after China and Mexico, according to the U.S. Department of Commerce


People flock to watch flag-raising ceremony on National Day in China

10/1/2018, 11:54:57 AM
More than 140,000 people from all over the country gathered at Tian'anmen Square in Beijing before sunrise to celebrate the 69th anniversary of the founding of the People's Republic of China. ✔ China marked the start of its National Day celebrations with a special flag-raising ceremony in Beijing today ✔ Noting that this year also marks the 40th anniversary of the country's reform and opening up policy initiated in 1978, Premier Li said China will firmly uphold rule-based multilateralism and promote opening-up on a higher level


Senate candidate Mike Braun says Christine Blasey Ford's testimony "sketchier" than Kavanaugh's

10/1/2018, 10:13:16 AM
He also told CBS News, however, that he believed both Ford and Kavanaugh, and her testimony didn't "diminish…her point of view" ✔ I've always been out there that these guys that come from the farm system of politics, the career politicians, they have given us a product that's got a 15 percent approval rating ✔ That can't work in the long run and that's where I say you'll have to take a different approach so that we don't keep devolving into more tariffs back and forth


JPMorgan Now Expects Trump to Put Tariffs on Absolutely Everything China Sells to the U.S.

10/1/2018, 9:04:06 AM
Its new research "assumes a U.S.-China endgame involving 25% U.S. tariffs on all Chinese goods in 2019.” ✔ A cheaper yuan will drag emerging Asian nations’ currencies lower with it, with depreciation magnitudes likely to exceed forward rates for all except the Indian rupee and Indonesian rupiah, the bank said ✔ If that rotation doesn’t keep going, China assets could retain a risk premium for some time, they said


Canadian loonie, Mexican peso soar on last-minute Nafta deal

10/1/2018, 9:11:21 AM
The Canadian loonie and Mexico peso were climbing against the dollar on Monday after a last-minute deal to bring Canada into the Nafta trade agreement. ✔ The dollar USDJPY, +0.25% rose to ¥114.03 from ¥113.69 late Friday in New York ✔ Subscribe to MarketWatch's free Need to Know newsletter ✔ Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid ✔ We Want to Hear from You Join the conversation Comment


US Secretary of Defense Mattis cancels trip to Beijing amid worsening ties

10/1/2018, 7:33:06 AM
US Secretary of Defense James Mattis has pulled out of a planned visit to Beijing in October, a US official tells CNN, the latest sign of deteriorating ties between the United States and China. ✔ In a move unlikely to improve relations, the US Navy released a series of photos Friday of the USS Wasp taking part in a live-fire exercise in the South China Sea, firing on inflatable targets with mounted machine guns and sniper rifles ✔ Foreign Ministry spokesman Geng Shuang went one step further on Thursday, suggesting Washington was the country most accustomed to interfering in other countries' affairs


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