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Higher Open Expected For US markets: Oil, Gold Up Higher open likely for the U.S. markets Friday after important equity gauges looked higher on Friday morning spurred by the optimism on a Fed rate cut later in July. Federal Reserve Chairman Jerome Powell stated on Thursday that the central bank might consider easing monetary policy at its next meeting OPEC has said the demand for 2020 will be 29.27 million BPD, down from 1.34 million BPD this year Stronger US inflation data had an impact on expectations of a rate cut, but it hasn’t changed the direction, said McCarthy
Analysis | The Finance 202: Republicans check Trump on Powell attacks The Fed chair got a round of attaboys on Capitol Hill. CNN's Donna Borak: The US budget deficit jumped 23.1% in the first nine months of the fiscal year compared with the same period a year ago, according to the US Treasury The deficit widened to $747.1 billion, versus $607 billion last year, from October through June THE FUNNIES From The Post's Tom Toles: BULL SESSION
Shares flat as investors digest economic data, dollar dips for... World shares came within a whisker of posting their first weekly loss since May ... Against a basket of currencies, the dollar was lower for a third straight day, down 0.1% A stronger-than-expected reading of failed to shake convictions that the Federal Reserve will start cutting interest rates at a policy meeting later this month Our Standards:The Thomson Reuters Trust Principles
Asian equities edge lower as investors weigh Fed move, Trump comments Chinese lenders, insurers among major movers on A300 index Lenders and insurers were the day's top performers, while mobile phone operators struggled China Construction Bank added 0.6%, China Life Insurance climbed 1.8%, while China Telecom declined 2.1% --Nimesh Vora Stay ahead with our exclusives on Asia Sign up to our newsletters to get our best stories delivered straight to your inbox
Taxing revenues is a temptation that needs resisting Many investors have successfully ignored the old saw that sales are vanity, profit is sanity Amazon’s market value of almost $1tn is more than 100 times its profits Turnover taxes were popular in the US in the desperate fiscal straits after the Great Depression, but quickly abandoned as unfair and inefficient
Expectations are low for bank earnings but investors say 'buy' Low interest rates and weak trading volume have pushed down Wall Street's s... REUTERS/File Photo Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N), Goldman Sachs Group Inc (GS.N) and Wells Fargo & Co (WFC.N) kick off the second-quarter company earnings season with reports out Monday and Tuesday Leuthold Group Chief Investment Strategist Jim Paulsen also likes banks He expects a steepening yield curve to help net interest margins Our Standards:The Thomson Reuters Trust Principles
China's June exports, imports fall as trade war takes heavier toll China's exports fell in June as the United States ramped up trade pressure,... ECONOMY STILL LOSING STEAM So far, Beijing has relied on a combination of fiscal stimulus and monetary easing to weather the slowdown, including hundreds of billions of dollars in infrastructure spending and tax cuts for companies Our Standards:The Thomson Reuters Trust Principles
Lenovo fuels the first PC sales increase in six months PC sales are back up, but tariffs might kill any momentum. Lenovo led the pack with a 25 percent share, followed by HP and Dell with 22.2 and 16.9 percent, respectively Even the modest gains might not continue, however, the analysts believe Manufacturers and suppliers have been rushing to get inventory delivered with the threat of additional tariffs looming from the Trump administration
Are tariffs against China bringing factories and jobs back to the U.S.? About 41% of U.S. companies are considering or have relocated manufacturing outside China but fewer than 6% have or are considering relocating to U.S. Various companies testified that there is an entire supply chain in China to support their production, but no equivalent network in the U.S.   American job gains have increasingly been concentrated in service-providing industries instead of manufacturing, the Peterson Institute for International Economics said in a recent report
Donald Trump turns his sights on Europe FT subscribers can click here to receive FT Free Trade every day by email Both in Washington and in EU capitals, officials are talking and acting as if a major trade confrontation between the EU and the US lies ahead Now that the White House is training its cannons on the EU member states, it will be interesting to see what other longstanding obstructions suddenly melt away
Lenovo maintains lead in PC market share, but Apple is catching up The overall PC market is in rude health Amazon Prime Day deals: see all the best early offers right here Again, Gartner points to the fact that Intel’s processors are now more readily available However, Gartner’s report does correlate with IDC’s findings in some regards These are the best laptops of 2019 Via 9to5Mac
China copper imports in June fall 27% from a year earlier China's unwrought copper imports in June fell 27.2% from a year earlier, of... That was down 20.1% from 1.84 million tonnes in May and down 16.5% from a year earlier However, for the first half of 2019 imports rose 10.5% from a year earlier to 10.55 million tonnes, reflecting growing smelter capacity in China Our Standards:The Thomson Reuters Trust Principles
Analysis | Adam Smith makes a case for higher tariffs — but it doesn’t work for Trump’s trade policy Adam Smith, the father of classical economics, defends tariffs, but only when they force others to agree to free trade. Magazines featuring Chinese President Xi Jinping are on sale at a roadside book stand in Hong Kong on July 4 Revenge in this case naturally dictates retaliation, and that we should impose the like duties and prohibitions upon the importation of some or all of their manufactures into ours
European shares edge higher as miners and banks gain European markets edged higher on Friday, lifted by financial and mining stocks, ... Regional markets have regained their footing after a huge sell-off in May due to an escalation in U.S.-China trade tensions on expectations of rate cuts by major central banks Friday’s moves will cap a tepid week and set the main index to post its first weekly loss in six weeks, in contrast to world stocks that are on course to end the week higher Our Standards:The Thomson Reuters Trust Principles
China trade softens in June as US tensions flare Imports normally slow in the summer but weak figures can also reflect manufacturers’ caution while buying raw materials Headwinds to trade are likely to intensify in the coming quarters, said Julian Evans Pritchard, senior China economist at Capital Economics
Swedish central bank keeps wary eye on global economy, ECB, Fed Members of the Swedish central bank's rate-setting board said growing uncer... [nL8N2441D7] Yet many economists believe it may have missed its window to embark on any significant near-term tightening with a Sino-American trade war denting global economic prospects and heavy hitters such as the U.S. Federal Reserve moving to ease policy
China June rare earth exports rise, snapping two months of declines China's rare earth exports rose by 9% in June from May, customs data showed... It also indicates that global buyers are confident prices will not spike outside their comfort zones otherwise we would have expected to see them stocking up as the recent price rally kicked off in March, he added Our Standards:The Thomson Reuters Trust Principles
European shares flat, Daimler's profit warning knocks auto stocks European shares were little changed in early trade on Friday, as investors parse... FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 1, 2019 Healthcare stocks .SXDP slipped as drugmakers resumed their slide after the White House said it was ditching a key plan to lower U.S. drug prices and raising the possibility of new measures focused on drugmakers Our Standards:The Thomson Reuters Trust Principles
Singapore's decade-low growth triggers recession warning Singapore's economy grew at its slowest annual pace in a decade in the seco... ECONOMIC ‘STAND-STILL’ Khoon Goh of ANZ, who described Singapore’s economy as at a stand-still in the second quarter, said in a note that with global trade still reeling from trade tensions and a broader global slowdown, downside growth risks remained
Japan's polarized stock market leaves few options for investors The gap in valuations of Japanese shares is at its widest since the dot-com cris... The top three banking groups Mitsubishi UFJ (8028.T), Sumitomo Mitsui (8316.T) and Mizuho (8411.T) are buried between 0.4 and 0.5, with banks as a whole .IBNKS.T trading at a record low PBR of about 0.4 Our Standards:The Thomson Reuters Trust Principles
Braving curbs, Chinese buyers lead foreign revival in Singapore's... Foreigners are once again pouring money into Singapore's high-end property ... UNEXPECTED REBOUND Second-quarter transaction volumes in Singapore’s core central region, which is popular among wealthy foreigners and includes the Orchard Road shopping area and Sentosa island, touched their highest in a year, consultancy OrangeTee & Tie’s analysis of transaction data as of July 10 shows
Asian shares veer between gains and losses before key China data Asian shares shuttled between small losses and gains on Friday as investors awai... S&P 500 e-mini futures ESc1 were last up 0.23% at 3,011 But a tweet by U.S. President Donald Trump on Thursday in which he said that China was not living up to promises it made on buying agricultural products from American farmers threatened to revive worries over trade Our Standards:The Thomson Reuters Trust Principles
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Chance of Singapore easing monetary policy rises as economy... Singapore's central bank is increasingly likely to ease monetary policy at ... There is the growing prospect Singapore could slip into recession later this year with its core manufacturing sector being particularly badly affected by U.S.-China tensions Core inflation, another key consideration for the MAS, is at the lower end of its target band Our Standards:The Thomson Reuters Trust Principles
Singapore growth dips to lowest in 10 years Second quarter GDP barely rises at 0.1% amid trade war Singapore is a key production and export hub for high-end electronic products such as semiconductors The contraction was due to output declines in the electronics and precision engineering clusters, which more than offset output expansions in the rest of the manufacturing cluster, Singapore's Ministry of Trade and Industry said in Friday's statement Stay ahead with our exclusives on Asia Sign up to our newsletters to get our best stories delivered straight to your inbox
Taiwan leader in U.S. after warning of ‘overseas forces’ threat NEW YORK--Taiwanese President Tsai Ing-wen arrived in the United States on Thursday on a trip that h We will work with countries with similar ideas to ensure the stability of the democratic system Trump has not engaged the gears, but there is a lot of activity at lower levels seeking to upgrade relations So change has not occurred in a big way yet, but it could happen at any time
US Q2 scorecard: 5 things to watch as corporate America eyes earnings recession S&P 500 companies are forecast to report a 3.7 per cent increase in revenues, which would be the weakest growth since the third quarter of 2016 Any commentary on strength in the US dollar, which makes American goods more expensive to foreign buyers and hurts earnings upon conversion, will also be closely watched