Gold prices edge down amid fears trade war could ramp up
10/30/2018, 3:05:42 AMGold prices slipped on Tuesday as the dollar saw gains amid concerns about global economic growth and fears the U.S.-China trade war could intensify again. ✔ U.S. consumer spending climbed for a seventh straight month in September, but income recorded its smallest gain in more than a year on moderate wage growth, suggesting the current pace of spending was unlikely to be sustained ✔ Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.71 percent to 754.94 tonnes on Monday
China has a big weapon that it hasn’t used in the trade war — yet. Tourists.
10/30/2018, 2:34:33 AMSome 102,000 fewer Chinese people received U.S. visas this summer, a sign of more economic pain to come ✔ By David J. Lynch David J. Lynch Financial writer covering trade and globalization Email Bio Follow October 29 at 9:17 PM Fewer Chinese business executives, tourists and students are visiting the United States, a sign that the trade war between Washington and Beijing might spread in unpredictable and costly ways ✔ This is not just any market, said Grella, who says his members have yet to detect a visitor decline ✔ China is viewed differently the sheer size and economic potential ✔ Danielle Paquette and Lyric Li in Beijing contributed to this report
Investors are zeroing in on a Chinese sector 'entirely not affected by the trade war'
10/30/2018, 1:52:05 AMInvestors say that China's still underdeveloped education sector is destined to expand and offers opportunities unaffected by the ongoing trade war. ✔ Philippe Lopez | AFP | Getty Images Students at Jing'an Education College Affiliated School in Shanghai ✔ 'Just started to open up' Au stressed that the top six companies operating in Chinese education account for just 6 percent of the total market, suggesting there is plenty of room for growth and new entrants
Stock Market Selloff is 'Overdone' and Could Rebound on Buybacks, Goldman Says
10/30/2018, 12:07:28 AMCorporate buybacks have been in a "blackout" period before earnings, which will soon end. ✔ Investors are also worried about the impact of a trade war between the U.S. and China, which showed signs of escalating even further Monday on reports that President Trump may impose a new round of tariffs on all remaining Chinese imports if trade talks next month between the U.S. and China don’t ease the trade war
Dollar firmer as China jitters drive safe haven trades
10/30/2018, 3:05:45 AMThe dollar saw gains against a basket of currencies on Tuesday, amid rising trade tensions and concerns over global economic growth. ✔ The Japanese yen traded flat in Asian trade on Tuesday, having weakened versus the dollar on Monday ✔ The main risk to the euro is if the coalition in Germany collapses before 2019 ✔ That coupled with negative news flow out of Italy could lead to the perfect storm, said Attrill
Is a US-China war in Asia inevitable?
10/30/2018, 1:39:05 AMChinese and American officials increasingly talk about war over Taiwan and the South China Sea - could it really happen? ✔ In 2001, a US spy plane was forced to land on Hainan after colliding with a Chinese fighter jet ✔ Despite military build-ups, the intensifying trade war, and heated rhetoric, Glaser said cool heads will likely prevail in Beijing and Washington - even when warships skirt past each other and hot-rod pilots undertake daredevil fly-bys ✔ Follow James Reinl on Twitter: @jamesreinl Inside Story Can the US and China resolve their differences
China automakers jump on tax cut report
10/30/2018, 2:22:37 AMundefined ✔ The country’s car market is expected to post its first decline since 1990 as the global trade war has knocked consumer confidence ✔ Guangzhou Automobile Group was the biggest gainer on the Hang Seng China Enterprises index in Hong Kong on Tuesday, up 7.3 per cent in morning trading
Oil prices fall on rising supply, global market woes
10/30/2018, 3:05:43 AMOil prices slipped on Tuesday on the back of ongoing weakness in the stock markets and signs of rising global crude supply. ✔ Russia has also indicated that it will provide enough oil to meet demand once U.S. sanctions hit Iran from next week ✔ Iran's seaborne crude exports, by contrast, have fallen from a 2018-peak of just over 2.5 million bpd in May to around 1.5 million bpd in September and October, Eikon data showed
Brent crude prices dip on rising supply, global market woes
10/30/2018, 3:09:31 AMBrent oil prices fell on Tuesday, weighed down by ongoing weakness in global sto... ✔ FILE PHOTO - An employee holds a gas pump to refill a car at a petrol station in central Seoul April 6, 2011 ✔ Russia has also indicated that it will provide enough oil to meet demand once U.S. sanctions hit Iran from next week ✔ Our Standards:The Thomson Reuters Trust Principles
Asian stocks fragile as U.S.-China trade tensions escalate
10/30/2018, 2:26:59 AMAsian shares came under pressure on Tuesday with Chinese markets and the yuan fa... ✔ While some investors who look at fundamentals buy stocks on dips, there are other players who keep selling automatically in response to heightened volatility ✔ Buyers will be overwhelmed if we have negative headlines on tariffs at time like this ✔ Our Standards:The Thomson Reuters Trust Principles
Trump administration takes aim at another China chipmaker
10/30/2018, 3:03:35 AMundefined ✔ Fujian Jinhua did not reply to a request for comment ✔ Beijing has mobilised massive venture capital funds to incubate domestic champions in these strategic sectors, including a Rmb139bn ($20bn) state-managed fund specifically targeted towards the semiconductor sector ✔ Fujian Jinhua’s backers include the Fujianese provincial government, which helped the company drastically expand its factories in the south-east coast of China
Asia stocks make mixed start after wild day for Wall Street
10/30/2018, 3:30:41 AMundefined ✔ Tuesday 02.00 GMT What you need to know Asia markets mixed after choppy day on Wall Street Renminbi slips to fresh 10-year low Chinese carmakers rally on tax cut prospects Oil lower on production increase worries Hot topic Equities were mixed, the Chinese renminbi was weaker and oil prices moved lower in Asia-Pacific trading after a wild ride for Wall Street overnight ✔ Forex China’s renminbi slipped to a fresh 10-year low against the dollar, amid concerns the weakening currency could drive capital outflows and further pressure policymakers in Beijing
Japan and China should seek stable ties that can endure
10/30/2018, 1:40:55 AMRegular meetings of the top leaders are crucial to better communication ✔ While better bilateral ties are no doubt desirable, Japan cannot remain silent about Beijing's inadequate protection of intellectual property and objectionable practice of forcing foreign companies to transfer advanced technologies to their Chinese business partners -- issues that have garnered harsh criticism from the U.S. and Europe
Trump scores own goal on tariffs and now the UK has put the boot in
10/30/2018, 3:04:31 AMTalk of more tariffs on Chinese imports and a UK tax on big technology companies' revenues shook US markets overnight - a lot of pain for little, if any, US gain. ✔ Opinion Business Markets Wall Street Trump scores own goal on tariffs and now the UK has put the boot in By Stephen Bartholomeusz30 October 2018 1:53pm Normal text sizeLarger text sizeVery large text size The latest lurch downwards in the US stock market underscores the reality that, while the Trump administration may have an isolationist hue to it, the US isn’t isolated, even from the consequences of its own actions ✔ Amazon finished down 6.3 per cent after falling as much as 8 per cent earlier, Google’s parent Alphabet closed 4.5 per cent lower after plunging 8.7 per cent and Facebook was down 2.3 per cent at the close after it fell 6.3 per cent within the day
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