China vs the US: not just a trade war
10/22/2018, 10:05:18 AMAs Beijing and Washington clash over trade, their battle is spilling over into other spheres. ✔ The US typically criticises China's operations in the South China Sea at these summits, but this time he went a step further ✔ So even if the two sides come to some sort of a resolution on trade - which in itself is highly unlikely at this point - this is not a conflict that is going to disappear
Trade War: Canada, US Make Progress In Bid To Save NAFTA, No Deal Yet
10/22/2018, 8:11:08 AMCanada and the United States on Saturday narrowed their differences in last-ditch talks to save NAFTA but there is no guarantee an agreement will be forged, two Ottawa sources said. ✔ A deal is not necessarily going to happen, said the source, who requested anonymity given the sensitivity of the situation ✔ Reuters Reporting by David Ljunggren; Editing by Alistair Bell The flags of Canada, Mexico and the U.S. are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City
Trump has no intention of backing down from his trade war — and wants to see China 'feel more pain'
10/22/2018, 8:19:45 AMUS President Donald Trump has no intention of de-escalating trade tensions with China, according to Axios, citing three unnamed sources with knowledge of his private conversations. ✔ According to the report, Trump is said to have taken a keen interest in the selloff in Chinese stocks this year seeing the benchmark Shanghai Composite Index lose over 30% at one point from the highs struck in late January boasting about the size of the decline seen since trade tensions between the two nations began to escalate
GOLDMAN SACHS: Staying away from these 20 stocks could help you avoid the pain of Trump's trade war with China
10/22/2018, 10:36:47 AMGoldmman Sachs says investors should stay away from these 20 companies that will be hit the hardest by rising tariffs and interest rates. ✔ President Trump takes part in a welcoming ceremony with China's President Xi Jinping in Beijing ✔ Xilinx Markets Insider Ticker: XLNX Industry: Technology Market cap: $19.77 billion % of US sales: 26% Source: Goldman Sachs 7/ 14
GOLDMAN SACHS: Staying away from these 20 stocks could help you avoid the pain of Trump's trade war with China | Markets Insider
10/22/2018, 11:30:07 AMundefined ✔ REUTERS/Thomas Peter Fears over escalating trade tensions with China and rising US interest rates helped trigger a brutal stock-market sell-off that caused the S&P 500 to lose as much as 7% in October, and both of those issues are showing no sign of slowing down ✔ Aptiv Markets Insider Ticker: APTV Industry: Automobile Market cap: $21.53 billion % of US sales: 28% Source: Goldman Sachs 13
Chinese stocks rebound, but long-term concerns remain: Analyst
10/22/2018, 8:30:09 AMChinese officials are doing their best to instill confidence in financial markets but trade war risks and shaky fundamentals are weighing on investors, says Vasu Menon of OCBC Bank. ✔ To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser ✔ Chinese stocks rebound, but long-term concerns remain: Analyst 4 Hours Ago Chinese officials are doing their best to instill confidence in financial markets but trade war risks and shaky fundamentals are weighing on investors, says Vasu Menon of OCBC Bank
America may have to abandon free trade with China
10/22/2018, 11:40:42 AMAmerican manufacturers and farmers victimized by China’s mercantilism and retaliatory tariffs had better settle in for a long trade war. Beijing is not likely to cave quickly to President Donald Trump’s demands. ✔ Democrats on the Hill and leaders in Europe and Japan recognize the potential for these technologies to drive economic growth, create and destroy millions of jobs, alter espionage and warfare, and change relationships between citizens and governments
China stock market closes on BIGGEST surge in almost THREE YEARS – Europe stocks BOOSTED
10/22/2018, 11:02:05 AMCHINA'S stock market closed on a more positive note today after enjoying the biggest surge in almost three years, while also helping to trigger a financial bounce in Europe. The economy in China has been shaken this year by an ongoing trade war with the US, as investors have been left rattled by a fear of a slowdown in economic growth. ✔ Supporting the development of private enterprises is the Party Central Committee’s consistent policy ✔ The Stoxx Europe 600 was up by 21 points, or 0.28 percent, in early trading ✔ He said: When you are an EU member and a member of the single currency, of the euro zone, you must respect a number of joint rules
Chinese stocks surge on expectations of government relief
10/22/2018, 11:37:38 AMTop officials offer new support, but analysts say economic fundamentals remain weak ✔ In Hong Kong, the Hang Seng China Enterprises Index of large mainland companies listed in the city rose 2.6%, while the benchmark Hang Seng Index closed up 2.3% The gains are mainly a continuation of Friday's rebound following various state measures to support the A-share market, Kevin Leung, director of global investment strategy at Haitong International Securities in Hong Kong, told Nikkei Markets
Dow Gains 55 Points Because…China
10/22/2018, 10:51:08 AMThe Shanghai Composite is soaring and that’s given global markets a lift. ✔ Text size 6:28 a.m. U.S. stocks look set for a higher open Monday morning after a massive rally in China’s markets ✔ These measures would help to offset the downside risks from the trade war, and keep growth in 2019 above 6%, writes Deutsche Bank ’s Jim Reid
India offloading US Treasuries to support national currency & buy gold
10/22/2018, 10:24:55 AMThe Reserve Bank of India (RBI) is cutting down on its holding of US Treasuries, joining many other emerging economies which have been off loading their stock of US debt amid rising rates. ✔ Experts say the RBI may be using part of the sales proceeds of the US bonds to buy gold ✔ Beijing's holdings are down to $1.165 trillion, from $1.171 trillion in July, marking the third consecutive month of declines ✔ For more stories on economy & finance visit RT's business section Trends: India news US news
Italy relief, hopes for China stimulus buoy global stocks
10/22/2018, 10:50:07 AMEuropean shares crept higher on Monday on relief over Italy's budget, track... ✔ The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 18, 2018 ✔ ITALIAN RELIEF On currency markets, the euro rallied after the Moody’s report before pairing gains ✔ Our Standards:The Thomson Reuters Trust Principles
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, CBS) | Markets Insider
10/22/2018, 11:16:31 AMundefined ✔ The Fed put, which has kept the stock market chugging higher over the past decade, is becoming less effective, and if it ends up vanishing it could send stocks plummeting, according to Vincent Deluard, a macro strategist at INTL FCStone ✔ Halliburton and Hasbro report ahead of the opening bell while TD Ameritrade releases its quarterly results after markets close
10 things you need to know before the opening bell
10/22/2018, 11:04:25 AMThis is what traders are talking about. ✔ Guatemalan Health Minister workers fumigate on a bridge that stretches over the Suchiate River connecting Guatemala and Mexico, in Tecun Uman, Guatemala ✔ The Fed put, which has kept the stock market chugging higher over the past decade, is becoming less effective, and if it ends up vanishing it could send stocks plummeting, according to Vincent Deluard, a macro strategist at INTL FCStone
Oil holds near $80 as Saudi Arabia plans output increase
10/22/2018, 11:50:05 AMOil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between... ✔ U.S. sanctions on Iran’s oil sector start on Nov. 4 and analysts believe up to 1.5 million bpd in supply could be at risk ✔ The big unknown is how much Iranian oil will be off the market and we’ll know in about a month’s time ✔ Our Standards:The Thomson Reuters Trust Principles
Global Stocks Rise to Start the Week
10/22/2018, 8:21:00 AMGlobal stocks advanced on Monday, as bumper gains for Chinese equities fed into milder increases for European markets. ✔ These measures would help to offset the downside risks from the trade war, and keep growth in 2019 above 6% ✔ Moody’s also assigned Italy a stable outlook, better than the negative outlook that had been feared ✔ In commodities, gold was nearly flat and Brent crude was up 0.53%
Argentina’s central banker warns on market outlook
10/22/2018, 10:46:41 AMundefined ✔ Argentina’s new central bank governor said it was definitely too soon to declare that stability has returned to the country’s battered currency, whose dramatic slide earlier this year forced Buenos Aires to seek a bailout from the International Monetary Fund ✔ they break very easily and are very difficult to rebuild
China state support expectations boost Asian stocks
10/22/2018, 11:58:36 AMUnicom gains on profit alert while Singapore Technologies rises after order win ✔ 30 likely more than doubled from a year earlier to about 8.78 billion yuan ($1.27 billion) ✔ Singapore Technologies Engineering added 1.2% after saying its electronics arm secured a contract worth 435 million Singapore dollars ($315.8 million) in the third quarter
Trump Hasn’t Killed Foreign Investment in China
10/22/2018, 9:42:13 AMChina has lost some ground as a destination for foreign manufacturing investment, but a recent rebound shows how tough the fight will be to shift Chinese practices on intellectual property and other issues. ✔ But manufacturing investment has recovered strongly, too, rising by almost 13% year to date through August, a big turnaround considering that such investment fell for 22 straight months from late 2015 to early 2017 ✔ But absent a true united front with European and Asian allies, investors expecting real change in China’s mercantilist, state capitalist approach to commerce from the Trump administration’s pressure campaign may be disappointed
Despite strong GDP, low unemployment rate, we should prepare for economic disruption
10/22/2018, 11:33:31 AMThe GDP and unemployment rate are strong, but trade wars and foreign policy still threaten the US's economic future. ✔ Trade disruptions and uncertainty are bringing major disturbances to farming and parts of the manufacturing economy ✔ Bruce Yandle is a distinguished adjunct fellow with the Mercatus Center at George Mason University, dean emeritus of the Clemson University College of Business and Behavioral Science, and coauthor of September’s The Economic Situation policy brief
Beijing backing lifts Hang Seng to highest gain in five weeks
10/22/2018, 9:27:28 AMChina Unicom climbs after upbeat earnings update ✔ Liu He knew he must say something to stabilize markets, and saying he recognizes that private-owned enterprises play an important role for economic growth is somewhat more useful to boost confidence than spending billions to rescue the A-share market
Beijing finds unlikely anti-Trump weapon in global indices
10/22/2018, 11:18:40 AMundefined ✔ More important, though, has been the prospect that Chinese bonds will soon join influential international benchmark indices ✔ Its accession to the IMF’s SDR basket, inclusion in powerful investment indices and a willingness to ease some controls is paying valuable dividends
In China, investigations and purges become the new normal
10/22/2018, 9:13:27 AMTons of hidden cash. Posthumous punishments. Six years into President Xi Jinping’s rule, a corruption-busting drive also serves as a powerful political tool. ✔ Lai’s downfall represents more than just another corruption case ✔ He pleaded guilty to taking bribes and causing financial loss of 2.91 billion yuan ($425.7 million) ✔ It’s flexible enough to allow him to essentially go after anyone, with Damocles’ sword hanging over almost everyone
Opinion | Populists Are Globalists, Too
10/22/2018, 10:03:59 AMTrump and the far right want to keep the free movement of goods and money, but not of people. ✔ In Britain, the Brexit campaign was built on the demand to take back control and fear-mongering about refugees and immigrants ✔ The European Union is condemned, but the language demanding increased trade and competitiveness is entirely mainstream ✔ As Democrats Court Latinos, Indifference Is a Powerful Foe
Power Up: Trump presses on immigration while Washington and world talk Khashoggi
10/22/2018, 9:53:20 AMIt's a parallel world. ✔ In an interview with Fox News, Saudi Foreign Minister Adel Al Jubeir said he didn't know ✔ Chris Murphy, a Connecticut Democrat and leading critic of the war in Yemen ✔ Peggy Sue Singleton and the ruins of her barbershop ✔ In the Agencies Outside the Beltway On K Street At the Pentagon From the Courts
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