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Trade War - SERIES 219 {12 articles}

Stock markets stage sharp sell-off amid fear of Italy-EU budget fight

10/8/2018, 7:06:42 PM
Shares on Wall Street and other markets decline over US-China trade war concerns ✔ Rome is to submit its draft budget to the commission, the EU’s executive arm, which will check whether it is in line with EU rules by 15 October ✔ There are also fears that the US economy may begin slowing after recording one of the strongest rates of growth since the financial crisis this year, just as the US Federal Reserve raises interest rates


European shares slides to 6-month low on China, Italy worries

10/8/2018, 4:26:47 PM
European shares fell on Monday as fears a trade war could have a bigger impact t... ✔ Italian banks .FTIT8300, whose large government bond holdings makes them sensitive to political risk, declined 3.7 percent, also weighing on the broader European banking sector ✔ Top faller on the STOXX was German fintech company Wirecard (WDIG.DE), which fell 12 percent with traders citing technical factors ✔ Our Standards:The Thomson Reuters Trust Principles


Cramer: China is more of a 'paper tiger' than people think, and that plays into Trump's hand on trade

10/8/2018, 4:49:33 PM
The U.S. trade war has shown that China is not impervious to the measures being brought to bear by President Trump, CNBC's Jim Cramer says. ✔ They may be communist, but they have a capitalist bear market going there ✔ Against a backdrop of persistent trade concerns and a sign that more stimulus is needed, China's central bank on Sunday cut for the fourth time this year the amount of cash banks need to have on hand


3Q earnings: What to expect

10/8/2018, 5:19:08 PM
Will results, once again, surpass lofty expectations? ✔ With the economy firing on all cylinders, robust economic activity could also support a positive upside surprise ✔ America's gross domestic product advanced by 4.2 percent in the second quarter, and consumer confidence hovered around an 18-year high in September ✔ They noted that rising yields should weigh on firms with high debt loads and that higher rates should translate to higher interest costs


The London Report: FTSE hits six-month low as cyclicals suffer

10/8/2018, 6:25:53 PM
undefined ✔ The FTSE 100 hit a six-month low as cyclical sectors such as engineering were buffeted by trade war concerns, dollar strength and a spike higher for volatility ✔ Fevertree Drinks slumped after UK grocery industry data showed sales of its eponymous tonic water slowing


Jaguar plans 2-week shutdown for Midlands plant

10/8/2018, 5:29:28 PM
undefined ✔ The move highlights the pressure building on Britain’s car industry, as weak consumer confidence and increased taxes on diesel models in the wake of the Volkswagen emissions scandal hit production levels ✔ JLR announced just weeks ago it was implementing a three-day working week at its Castle Bromwich factory until Christmas, while earlier this year it laid off 1,000 agency staff


Global shares slide on China growth fears, dollar gains

10/8/2018, 7:16:29 PM
A gauge of global equity markets fell on Monday amid unease over the impact of t... ✔ Yields on the 10-year U.S. Treasury note were at seven-year highs, after a solid jobs report last week raised the likelihood of faster interest rate hikes ✔ There’s a hangover from last week’s rapid move in yields and just because the bond market’s closed, doesn’t mean investors are not worried, said Michael Antonelli, managing director, institutional sales trading at Robert W ✔ Our Standards:The Thomson Reuters Trust Principles


US Treasury still concerned about yuan depreciation -official

10/8/2018, 5:27:25 PM
Unclear if Mnuchin meet any Chinese officials this week ✔ The Treasury official said Mnuchin currently has no meetings scheduled with Chinese officials at the IMF and World Bank meetings on the Indonesian resort island of Bali, but his schedule was still being firmed up ✔ The United States and China had already imposed tariffs on $50 billion worth of each other's goods


Emerging Markets 'As Prepared As They Can Be' For US Rate Moves: Fed's Bullard

10/8/2018, 5:21:32 PM
Emerging markets were “as prepared as they can be” for changes to U.S. monetary policy as the Federal Reserve had been as “transparent” as possible, St. Louis Federal Reserve Bank President James Bullard said in Singapore on Monday. ✔ So in some cases they may get caught off guard, Bullard said during a question and answer after delivering a lecture on the U.S. economy ✔ Reuters Reporting by John Geddie, Aradhana Aravindan; Additional reporting by Vatsal Srivastava; Editing by Simon Cameron-Moore The U.S. Federal Reserve building is pictured in Washington


Wall St. mirrors global markets slump on China growth fears, high...

10/8/2018, 5:45:37 PM
Wall Street fell for a third straight day on Monday, tracking global stocks, in ... ✔ Alphabet’s Google exposed the data of hundreds of thousands of users of its Google+ social network and opted not to disclose the information, due to fears of regulatory scrutiny, the Wall Street Journal reported ✔ Our Standards:The Thomson Reuters Trust Principles


Euro hits seven-week low on Italy budget row, yuan falls

10/8/2018, 7:05:14 PM
The euro fell to a seven-week low against the dollar on Monday on a spat between... ✔ REUTERS/Jason Lee/File Photo YUAN FALLS The Chinese currency ended at its lowest official close in seven weeks at 6.9315 yuan per dollar despite the latest attempt from Beijing to calm investor worries about the trade war between China and the United States


Italian bond sell-off adds to uneasy feel to trade

10/8/2018, 4:06:08 PM
undefined ✔ Monday 15:20 BST What you need to know Italian stocks and bonds sold as budget worries reverberate US equity indices mixed in holiday trade China stocks drop sharply despite central bank easing at weekend Renminbi weakens against dollar after week-long public holiday Oil stocks hit as Brent heads further away from $85 with fall of over 1% Brazil’s real and Bovespa stocks rally after weekend’s election Hot topics There was little respite for global stocks on Monday, with investors unnerved by sharp declines for China’s markets and a stark sell-off in Italian bonds, although the pace of the selling eased on Wall Street ✔ China’s onshore renminbi weakened 0.9 per cent to Rmb6.927 a dollar, after the central bank set the midpoint around which the currency can move 2 per cent in either direction at Rmb6.8957, or 0.2 per cent weaker


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