Trump-Xi meeting at G-20 'under discussion'
10/11/2018, 8:21:02 PMMarket turmoil gives new incentive to break trade war impasse ✔ A meeting between the countries' highest office holders could offer an opportunity to shake up the stalled trade negotiations ✔ China canceled a round of midlevel talks last month after Washington announced an additional $200 billion worth of tariffs to top off the $50 billion already levied against Chinese imports ✔ We urge both governments to re-engage in a results-oriented dialogue that paves the way for commercially meaningful outcomes
Clouds gather over global economy
10/11/2018, 10:03:18 PMAustralia needs to reload its fiscal cannon. A strong budget position will allow us to better respond to any financial crisis. ✔ It doesn’t help that the Trump administration’s ban on exports from Iran is boosting global oil prices ✔ A note from the editor – Subscribers can get Age editor Alex Lavelle's exclusive weekly newsletter delivered to their inbox by signing up here: www.theage.com.au/editornote
Trump’s tariffs against China are hurting U.S. tech companies instead
10/11/2018, 8:00:47 PMThe latest tariffs enacted by the Trump Administration against China are not expected to help solve the problem of intellectual property theft from American companies and instead could hurt U.S. companies, including many in the technology sector. ✔ Price hikes, especially if they come around the holiday shopping season, could backfire with consumers looking for consumer electronics as gift ideas ✔ Therese Poletti Therese Poletti is a senior columnist for MarketWatch in San Francisco ✔ We Want to Hear from You Join the conversation Comment
US stocks continue slide, losing 1,300-plus points over 2 days
10/11/2018, 8:43:59 PMAsian markets wake to steep New York fall for second straight day ✔ That helped tech stocks like Microsoft recover somewhat from Wednesday's losses ✔ Elsewhere around the world, London's FTSE 100 closed nearly 2% lower to 7,006 points, the weakest finish since late March ✔ In Germany, the DAX benchmark dipped 1.48% to 11,539 points, a valley not seen since February of last year
Wall St. extends slide with trade and rates in focus
10/11/2018, 8:55:06 PMWall Street indexes continued their slide in Thursday's volatile session as... ✔ The energy sector, pressured by a drop in oil prices, was the lead decliner, while insurers were some of the biggest losers in the financial sector a day after powerful Hurricane Michael slammed into Florida ✔ REUTERS/Brendan McDermid Our Standards:The Thomson Reuters Trust Principles
Goldman Sachs Says Auto Stocks Continue to Look Weak
10/11/2018, 8:46:43 PMAuto makers and suppliers have slumped in 2018, and headwinds look likely to remain, warns Goldman Sachs. ✔ The Lear Corporation World Headquarters complex in Southfield, Mich ✔ He thinks margins will remain pressured and lowered his earnings estimates through 2020, citing ongoing headwinds from Delphi’s exposure to Europe and China ✔ Moreover, Tamberrino thinks that the outlook for autos in general looks weak
US moves to limit nuclear sales to China
10/11/2018, 10:35:46 PMThe Trump administration will limit sales of US civil nuclear technology to China out of concerns that it is being diverted for military and other unauthorized purposes. ✔ Washington (CNN)The Trump administration will limit sales of US civil nuclear technology to China out of concerns that it is being diverted for military and other unauthorized purposes ✔ The new policy, which goes into effect immediately, sets guidelines for all existing, pending and future technology transfers to China, administration officials said
Wall Street sell-off pushes FTSE 100 into correction
10/11/2018, 10:23:19 PMThe FTSE 100 slumped into correction territory yesterday as the stock market sell-off sparked by fears of rising interest rates in the US spread around the globe. ✔ Britain’s blue-chip FTSE 100 index had tumbled 1.9pc to close at 7,006.9 as London took its cue from Wall Street to hit a fresh six-month low ✔ Before the week’s sudden plunge in US tech giants’ share prices, it had begun to feel as if the only way was up ✔ Tech companies that rely on debt were particularly exposed by the plunge on the prospect that it might be harder to raise funds in future
Wall Street tumbles again, world equities at one-year low
10/11/2018, 9:36:09 PMWall Street extended its slide into a sixth session and a global equity index fe... ✔ MSCI’s gauge of stock performance in 47 countries .MIWD00000PUS dropped 2.2 percent, falling below its February lows to trade at its lowest since October 2017 ✔ U.S. Treasury yields fell to one-week lows as stocks sold off ✔ A weaker-than-expected rise in U.S. inflation for September also added to Treasuries bullish tone ✔ Our Standards:The Thomson Reuters Trust Principles
Dollar sinks on stock losses, falling bond yields
10/11/2018, 8:12:30 PMThe dollar fell to a near two-week low on Thursday against a basket of currencie... ✔ This added to the safe-haven bid for Treasuries stemming from another sharp sell-off on Wall Street ✔ Offshore yuan rose 0.74 percent to 6.8720 per dollar, rebounding from an eight-week low set earlier on Thursday Our Standards:The Thomson Reuters Trust Principles
Global carmakers rattled by stalling China market
10/11/2018, 10:43:59 PMundefined ✔ The Ford dealership in the Chinese city of Zhenjiang is almost empty ✔ There’s a general anxiety with the consumer about making big purchases, it’s not that they are unemployed or their salaries are decreasing, but they are just not sure, said Daniel Zipser, a Shanghai-based partner at McKinsey
Stock Investing Has Been Easy for a While. It May Get Harder in a Hurry
10/11/2018, 11:07:32 PM"For traders, it's great. For buy-and-hold index buyers, it's very bad news." ✔ For most of the past two years, stock investors might as well have been living inside a Ronco infomercial, where set it and forget it was the byword ✔ When the market sells off 20%, 25% or so, they will come in to support it, and the market rallies again ✔ Then it fades again and it goes deeper than the last time ✔ But most of these involve much more homework on the part of investors
Opinion | If Democrats win big in ‘Trump country,’ what will it mean?
10/11/2018, 8:50:23 PMPerhaps the Official Explanation of Trump's win is insufficient. ✔ But here’s what’s so puzzling about this diagnosis ✔ I don’t claim to have a better explanation the best I’ve been able to do is argue that his win had many causes, and that sorting them out is impossibly complex but neither the official one nor the one being offered by these strategists feels sufficient at this point
Hurricane Michael, Saudi Arabia, Markets: Your Thursday Evening Briefing
10/11/2018, 10:32:10 PMHere’s what you need to know at the end of the day. ✔ Hurricane Michael left the Florida Panhandle in tatters ✔ At least 200 patients had to be evacuated from a heavily damaged hospital in Panama City, Fla., and officials reported that four hospitals and a dozen nursing facilities were closed ✔ We wondered what life was like for 18-year-old girls around the world, so we set out to capture it in photographs
8@eight: Panic grips markets; ASX set to extend losses
10/11/2018, 9:04:52 PMWhat happened overnight and what's ahead for the ASX. ✔ Sponsored Business Markets 8@eight 8@eight: Panic grips markets; ASX set to extend losses This is sponsored content for IG By Kyle Rodda12 October 2018 8:00am Normal text sizeLarger text sizeVery large text size The sell-off continues, and despite a brief pause during Wall Street trade that opened hopes of an end to this rout, it was quickly dashed as investors went back to dumping stocks ✔ European shares are on the precipice of breaking-levels that would open downside to near-12-month lows
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