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Trade War - SERIES 281 {14 articles}

Trade war drives Asian manufacturing out of China

10/23/2018, 6:06:22 PM
Southeast Asia and Mexico emerge as favored hubs for Panasonic, TCL and others ✔ A worker inspects a circuit board at factory in Vietnam ✔ Although the U.S. government has a program that exempts some products from full-blown tariffs, it has not been used yet ✔ Japanese automakers have expanded output in the U.S. but still import many components from China, where production costs are lower


The Dow Is Tumbling Because Earnings Used to Be Our Safety Net

10/23/2018, 4:34:36 PM
Disappointing numbers from Caterpillar and 3M removed a layer of comfort for investors as the trade war manifested itself. ✔ As UBS’s Mark Haefele writes, bull markets often end with an overheating economy, rising interest rates and tight financial conditions, and we’re only seeing one of those factors at play at the moment, Yes, rates are rising, but the economy isn’t overheating and financial conditions remain loose


Volatile times: a Wall Street rollercoaster ride is coming, says the Bank of America

10/23/2018, 6:44:13 PM
Forget fallout from the midterms, a murdered journalist, Brexit or the trade war. The biggest reason to brace for enduring stock volatility may be the simplest. ✔ The biggest reason to brace for enduring stock volatility may be the simplest: It's just time ✔ The S&P 500 Index fell for the 12th session in 14 on Tuesday ✔ Hedge funds that reaped fortunes betting against share swings are nursing losses once more, with echoes of the February tumult


Big drops for AMD and Nvidia fuel ‘death cross’ for chip sector ahead of earnings

10/23/2018, 6:24:04 PM
Chip maker-related stocks help lead a broader market selloff in October following a technical bearish signal from one index as the sector heads into peak earnings reports and concerns about a trade war with China dominate. ✔ They are followed by shares of Micron Technology Inc ✔ Adding to trade war concerns, a recent Morgan Stanley survey of chip distributors found that oversupply indicators currently look worse than those encountered in the sectors last big down turn in 2015 ✔ Wallace Witkowski Wallace Witkowski is a MarketWatch news editor in San Francisco ✔ We Want to Hear from You Join the conversation Comment


Global stocks, oil prices stumble, investors eye bonds, gold

10/23/2018, 7:44:02 PM
Wall Street indexes were down on Tuesday though they pulled back from the day�... ✔ REUTERS/Brendan McDermid Of the S&P 500’s 11 major sectors, energy was the biggest percentage decliner, last down -2.34 percent due to the tumble in oil futures ✔ U.S. crude fell 4.05 percent to $66.55 per barrel and Brent was last at $76.63, down 4.01 percent on the day ✔ Our Standards:The Thomson Reuters Trust Principles


Trump’s trade fights and a hard Brexit could take tariffs to levels not seen in 15 years

10/23/2018, 4:45:09 PM
U.S. trade fights and a so-called hard Brexit could lift a key metric for global tariffs to levels last seen roughly 15 years ago, say UBS economists. And the recent U.S. tariffs, along with retaliatory measures, are viewed as the biggest factor in boosting this metric. ✔ They’re followed by the possible hard Brexit, which refers to the potential for a sharp break between the U.K ✔ in the bank’s analysis of which tariff wall is bigger ✔ UBS The second chart illustrates how the average global import tariff could climb to levels last seen during George W ✔ We Want to Hear from You Join the conversation Comment


China’s WTO membership cost US 3.4 million jobs

10/23/2018, 4:13:55 PM
The growing trade deficit with China is hitting jobs and wages. ✔ Job losses have been across the country, while the manufacturing sector has been particularly hard hit ✔ Growing trade deficits are also associated with wage losses for employees in all sectors of the economy who don’t have a college degree ✔ The study noted that most of the income was redistributed to corporations in the form of higher profits and to workers with college degrees


Gucci powers Kering third quarter sales

10/23/2018, 4:39:32 PM
undefined ✔ Kering had already warned the market of a progressive normalization of sales growth in 2018, and the rate of growth during the third quarter was slower than the 31.3 per cent recorded in the second quarter ✔ Earlier this month rival LVMH said that Chinese border authorities are stepping up searches on travellers, looking for luxury items brought back from cities like London and Paris


UTC confident of Chinese nod for Rockwell deal, reports strong profit

10/23/2018, 4:14:23 PM
United Technologies Corp soothed investor nerves over Chinese approval for its p... ✔ Meanwhile, a boom in air travel on the back of an improving global economy has benefited planemakers Boeing (BA.N) and Airbus (AIR.PA), spurring them to place more orders with parts suppliers like UTC and Honeywell (HON.N) ✔ Our Standards:The Thomson Reuters Trust Principles


Harley-Davidson's U.S. sales skid in quarter that included Trump spat

10/23/2018, 6:14:32 PM
The president targeted the motorcycle maker for its decision to move some production overseas to avoid EU tariffs ✔ Harley-Davidson is having a rough ride lately, with an aging U.S. customer base and younger riders here opting for cheaper alternatives ✔ We expect a continuing challenge in the U.S. motorcycle industry into next year, Olin said ✔ Shares of Harley-Davidson were down 2.1 percent in early afternoon trade on Tuesday


China Will Do ‘Whatever It Takes’ to Stop Its Falling Stock Market

10/23/2018, 4:34:37 PM
Some observers are seeing signs of a bottom in the China stock market—and investors are beginning to move back into China-focused ETFs. ✔ Text size Is China’s bear market near its final throes just as the bull market elsewhere shows signs of topping ✔ This may include a lower low for stocks, but we’d expect some positive divergences to occur ✔ Strategas’ message to China bears is if you have sold short, cover


Despite sales slump, Harley-Davidson earnings beat expectations

10/23/2018, 7:26:08 PM
But the future still looks grim for the motorcycle maker, which has been in decline for some time. ✔ Increasing international production to alleviate the [European Union] tariff burden is not the company’s preference, but represents the only sustainable option to make its motorcycles accessible to customers in the EU and maintain a viable business in Europe, the company wrote in an SEC filing in June


Everything you need to know about House of Cards

10/23/2018, 7:31:55 PM
*Spoiler warning* The story so far as Robin Wright leads sixth and final instalment of explosive Netflix political drama ✔ The sixth and final season of House of Cards arrives on Netflix on 2 November, bringing to an end an extraordinary political drama ✔ Season 3 As president, Frank faces a tanking economy and a challenge from solicitor-general Heather Dunbar (Elizabeth Marvel) in the Democratic primaries


China’s missile buildup — a threat to U.S. bases in Japan — likely a key factor in Trump plan to exit INF

10/23/2018, 4:00:53 PM
U.S. President Donald Trump has pinned much of the blame for Washington's planned exit from the Intermediate-Range Nuclear Forces Treaty (INF) on Russian v ✔ Likewise, the move would scuttle any positive momentum in the fragile recovery of Japan-China relations ✔ But so far, there’s been little success on the weapons export front, including several high-profile bid failures ✔ The United States is late to the starting gun, but it is the Usain Bolt of strategic arms races, so Beijing and Moscow better watch out


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