Trade war is 'negative, negative, negative' for business, investors and consumers, ITC says
11/13/2018, 2:46:03 PMThe U.S. trade spat with China and other countries is having a negative impact on investors and consumers, the leader of a top trade organization has said. ✔ Artyom Ivanov | TASS | Getty Images Chinese President Xi Jinping and U.S. President Donald Trump during a meeting outside the Great Hall of the People in Beijing ✔ Trump has said he wants to impose a 25 percent levy on all cars that are imported from the EU into the States
‘Everyone will SUFFER’ Germany warns Trump to end US trade war with EU and China
11/13/2018, 12:45:44 PMGERMANY’S Foreign Minister has warned Donald Trump to end the United States' trade wars with the European Union and China, declaring “everyone will suffer” if the US President’s sanctions continue. ✔ US TRADE WAR: Trump warns China he has BILLIONS of dollars in new tariffs READY Donald Trump has been warned by Germany to end the US trade wars with the EU and China (Image: GETTY) Asian leaders gathered for a a summit on Tuesday amid warnings that the post-World War Two international order is in jeopardy and trade tensions between Washington and Beijing could trigger a domino effect of protectionist measures by other countries
More Beef, Less Chicken: How President Trump’s Trade Polices Are Changing the Meat Americans Buy
11/13/2018, 1:16:58 PMFalling demand for American beef and pork in China and Mexico has reduced their price in US supermarkets. ✔ As Reuters reports, declining exports of pork and beef to China and Mexico have left suppliers with a glut at home, boosting supply, depressing price, and making U.S. consumers choose pork and beef products over chickena sudden change of taste which could break chicken producers’ 27-quarter profitable streak
China will keep yuan stable - Premier Li
11/13/2018, 12:57:39 PMAsia-focused English-language publication that brings you insights about business, finance, economic and political news, comments and analysis for Asia, by Asia on asia.nikkei.com ✔ SINGAPORE (Reuters) -- China's Premier Li Keqiang said on Tuesday Beijing will keep the renminbi stable and rangebound, as the currency recovered slightly from near-decade lows after media reports fueled hopes of a de-escalation in the Sino-U.S ✔ We will keep the renminbi in a reasonable range and basically stable ✔ Li added that China will not depreciate the currency just to stimulate exports
A 'perfect storm' is brewing for chips stocks, and that may mean the worst is yet to come
11/13/2018, 1:04:22 PMSemiconductor stocks are getting wrecked, but one market watcher says there could be more trouble for the group. ✔ Stocks like Qualcomm, Skyworks, Nvidia, Micron and AMD are all sharply lower in the past week ✔ I think there's more to come to the downside before it finally washes out ✔ The SMH semiconductor ETF has fallen 16 percent since August ✔ It has not traded at those levels in more than a year
China will keep yuan stable: Premier Li
11/13/2018, 12:16:21 PMChina's Premier Li Keqiang said on Tuesday Beijing will keep the renminbi s... ✔ Chinese Premier Li Keqiang speaks at the 44th Singapore Lecture in Singapore, November 13, 2018 ✔ We will keep the renminbi in a reasonable range and basically stable ✔ Li added that China will not depreciate the currency just to stimulate exports ✔ Our Standards:The Thomson Reuters Trust Principles
Eurozone CRISIS: Euro area growth forecast to SLOW as global economies 'in BLEAK outlook'
11/13/2018, 3:48:47 PMEUROZONE growth is forecast to slow as the outlook for a number of big global economies faces a bleak outlook, according to a new report from the International Monetary Fund. ✔ Real GDP in the euro area is forecast to slow to 1.9 percent in 2019 (Image: GETTY) Real GDP in the Euro area will slow to 1.9 percent in 2019, compared to 2.9 percent in 2018 International Monetary Fund Sticking to a guidance first unveiled in June and repeated at every meeting since, the group reaffirmed its €2.6 trillion ($2.97 trillion) asset purchase scheme will end this year and rates could rise after next summer
A China Trade Deal or a New Cold War?
11/13/2018, 12:15:15 PMIs President Trump’s tariff battle with China really about U.S. economic interests, or geopolitical rivalry? Observers may get an answer when he meets Chinese President Xi in Buenos Aires this month. ✔ China would also have to drop hopes of securing a better position at the WTO, where it wants to be classed as a market economy ✔ The focus is more of a transactional relationship, file by file and sector by sector ✔ Hopefully we will find out at the Buenos Aires summit at the end of the month
European shares recover after U.S. tech rout; dollar falls
11/13/2018, 12:28:52 PMEuropean shares recovered on Tuesday after feeling the strain of a tech rout on ... ✔ In Europe, sterling jumped half a percent to as high as $1.2924 GBP=D3 after a British cabinet office minister said a Brexit agreement with the EU was still possible in the next 24 to 48 hours ✔ Its refusal so far to cut the draft deficit sets the stage for a collision with Brussels ✔ Our Standards:The Thomson Reuters Trust Principles
Wall Street futures rise on trade talk hopes, Treasuries rally
11/13/2018, 2:01:27 PMundefined ✔ A flurry of deal activity this morning, including Johnson Controls selling its power solutions business to Brookfield Business Partners in a $13.2bn deal and General Electric selling a portion of its stake in Baker Hughes, may also be helping sentiment ahead of the New York opening bell
Stocks could retest the October lows before rally resumes, Bob Doll says
11/13/2018, 1:50:49 PMLong-time money manager Bob Doll is warning investors that stocks could breach October's correction lows. ✔ He suggests there were clues in the early November market comeback that virtually cut October's losses in half ✔ Doll, who is a long-term bull, contends the economic cycle is still positive for stocks ✔ The market likely won't see another new high this year, says strategist Bob Doll 16 Hours Ago | 04:55 Disclaimer
Apple and Oil Are Still Down as Trade Hopes Lift the Dow
11/13/2018, 1:28:07 PMU.S. and European stocks futures were up Tuesday morning, a turnaround following the Dow Jones Industrial Average’s plunge of more than 600 points on Monday. ✔ Tweeting aside, OPEC meets in early December to set production levels for the coming year ✔ That reflects, in part, the Apple-Lumentum news and, by extension, the impact Apple has on just about everything ✔ Houses, cars and phones really do make the world go round ✔ Overall, downgrades outpaced upgrades by nearly two to one
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, T, SHLD, GE) | Markets Insider
11/13/2018, 12:45:27 PMundefined ✔ Creditors urge Sears to shut down all of its stores ✔ Japan's Nikkei (-2.06%) was hit hard in Asia, and Germany's DAX (+0.64%) leads the gains in Europe ✔ Cronos, Home Depot, and Tyson Foods report ahead of the opening bell, while Tilray releases its quarter results after markets close
U.S. most-favored equity region, tech allocations down: BAML survey
11/13/2018, 12:39:09 PMDespite market wobbles, the United States is the most favored equity region for ... ✔ In response to a question on where the S&P 500 .SPX would peak in the current bull run, investors pointed to 3,056, up 12 percent from today's level ✔ But a third of respondents said the market had already peaked ✔ Our Standards:The Thomson Reuters Trust Principles
Stung by trade wars, U.S. farmers hope for quick progress on Farm Bill
11/13/2018, 12:16:43 PMIowa soybean farmer Mike Schlosser does not expect President Donald Trump’s trad... ✔ The Senate, meanwhile, passed its own bipartisan version that excluded them ✔ With Democrats in control of the House, the deadlock could be resolved, several senior lawmakers said last week, even as Trump reiterated his desire for stricter work requirements in the bill ✔ Our Standards:The Thomson Reuters Trust Principles
What China talks about when it talks about stimulus
11/13/2018, 3:51:57 PMExcesses from its 2008 push limit options today ✔ Then came the global financial crisis and the government’s response, a giant economic stimulus, launched a decade ago this month ✔ With investment sluggish and the trade war rumbling on, headwinds are getting stronger ✔ Long a beneficiary, he has the good sense not to turn critic
Analysis | The Finance 202: Wall Street critic Sherrod Brown eyes populist challenge to Trump in 2020
11/13/2018, 1:47:36 PMHe would join what’s shaping up to be a historically crowded Democratic field. ✔ ‘It wouldn’t be surprising to me that we would need to go up again in December and at least a couple of times next year,’ Daly told Bloomberg News in her first interview on policy since she became head of the regional Fed branch on Oct. 1 ✔ Here’s what else she’s been up to since leaving the White House: A brief history of SNL apologies:
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