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Trade War SERIES 235

2018-10-11T16:01:56.198Z
Kudlow says Trump and China's Xi could meet this year as trade clash widens "They have lots to talk about," Kudlow said of Trump and Chinese President Xi Jinping. Issues that need to be addressed include U.S. concerns about alleged theft of intellectual property by Chinese companies and the trade deficit between the countries WATCH: Kudlow says we have the hottest economy in the world Kudlow: We are the hottest economy in the world
2018-10-11T15:47:05.831Z
Wall Street extends slide, world equities at one-year low A global measure of equity prices fell to a 1-year low on Thursday as Wall Stree... The S&P 500 .SPX lost 24.93 points, or 0.89 percent, to 2,760.75 and the Nasdaq Composite .IXIC dropped 30.71 points, or 0.41 percent, to 7,391.34 Slideshow (6 Images) Benchmark U.S. Treasury 10-year notes US10YT=RR rose 14/32 in price, pushing their yield down to 3.1724 percent Our Standards:The Thomson Reuters Trust Principles
2018-10-11T15:45:43.016Z
Wall Street takes sharp leg lower in late morning trade Having battled to stay in positive territory at the open, Wall Street was trading firmly in the red shortly after 11:00am EST as concerns over Washington’s escalating trade war with China and a slide in energy stocks overshadowed investors’ relief over weaker-than-expected inflation readings this morning
2018-10-11T15:31:13.425Z
Emerging Markets Investors Are Cautious After Dow Tumbles Emerging markets have stabilized after ugly selling overnight in China, when more than 1,000 stocks in the Shanghai Composite Index fell. As a broad group, most haven't benefited from the U.S. economy’s strength and instead suffered as rates have risen and the dollar has strengthened One note of optimism: Initial signs about spending from the coming Golden Week holiday suggests stronger consumption, with spending on Macau gambling rebounding, Brand writes
2018-10-11T15:28:46.477Z
Dollar falls on lower bond yields, U.S. CPI miss The dollar weakened to a near two-week low on Thursday against a basket of curre... This added to the safe-haven bid for Treasuries stemming from a dramatic sell-off in overseas stock markets that followed big losses in the S&P 500 and Dow on Wednesday An index that tracks the dollar versus six currencies .DXY fell to 94.987, the lowest since Sept Our Standards:The Thomson Reuters Trust Principles
2018-10-11T15:17:12.710Z
Markets attempt a comeback after scary sell-off The Dow turned positive Thursday. The stock market's selling frenzy has eased a bit. MUST WATCH New York (CNN Business)The stock market is attempting to end its longest slump in more than two years Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits The good news is that the market often springs back to life after such a deep sell-off
2018-10-11T15:06:32.866Z
‘The Punch Bowl Is Finally Being Taken Away.’ Fund Manager on the Stock Market Plunge The biggest drop for U.S. stock markets in six months on Wednesday sparked sell-offs around the world Thursday, with Asian markets retreating overnight. The Dow, the S&P 500 and the Nasdaq were all close to even on Thursday morning. The realisation is that, after the Fed’s meeting and Jay Powell’s comments, the Fed will continue to hike in 2019 – possibly at the same pace as this year People keep looking for the end of the bond bull market, but as we saw this winter, a short-term reaction doesn’t necessarily imply a long-term trend
2018-10-11T14:49:24.418Z
Trump trade war delivers farm boom in Brazil, gloom in Iowa The trade war between the United States and China is re-ordering the global grains business. Beijing this year imposed levies on U.S. agricultural products.  Reuters Workers transport imported soybean products at a port in Nantong, Jiangsu province, China March 22, 2018 While Brazil's overall economy is stuck in a ditch, the nation's farm sector rolled to 13 percent growth last year Like many, he is storing his crop, waiting for better times
2018-10-11T14:38:23.110Z
The Stock Market Suffered Huge Losses Today As Investors See Pressures On Growth Case in point: Apple's market value fell by one Tesla today. Payments company Square, which tanked 10.1% during day trading on Wednesday, fell another 11% in after-hours trading after announcing that its CFO, Sarah Friar, was departing to become chief executive at neighborhood social networking firm Nextdoor Venessa Wong contributed reporting to this story
2018-10-11T14:35:14.262Z
China draws over $17 bln in orders for dollar bond sale China drew over $17 billion in orders for a sovereign dollar bond sale of $3 bil... It returned to global markets in October last year for the first time since 2004 Investors put in over $17 billion of orders, the term sheet showed, well in excess of what was on offer China hired 12 banks including Bank of China (601988.SS), China Construction Bank (601939.SS), Deutsche Bank (DBKGn.DE), Goldman Sachs (GS.N), HSBC (HSBA.L) and J.P Our Standards:The Thomson Reuters Trust Principles
2018-10-11T14:01:48.667Z
Stocks Tumble Again as Trading Begins on Wall Street Market turbulence shows no signs of stopping. It’s expected to do so at least once again before the end of the year On Wednesday he said he thought policy makers were making a mistake and said the Fed had gone crazy Wall Street’s troubles caused turmoil in international markets overnight Japan, China, South Korea, and Australia all saw their benchmarks fall significant amounts
2018-10-11T14:00:09.117Z
'New uncertainties abound:' What Wall Street's biggest firms are saying about the stock market's sell-off BI PRIME: Stocks are selling off sharply this week mainly on investors' concerns about higher US interest rates. We've compiled commentary from some of Wall Street's biggest firms on what's behind the sell-off, what investors should or should not be doing now, and what may happen next. 6/ Credit Suisse: There are important questions clients aren't asking 12/ DON'T MISS: Bryan Thomas/Getty Images GOLDMAN SACHS: Businesses around the world are undergoing a $127 trillion payments revolution, and these 11 tech stocks will profit the most » Previous 1/ Next
2018-10-11T13:53:53.107Z
Two-thirds of the stock market has tumbled into a correction — and that could be signaling that the worst is yet to come BI PRIME: Two-thirds of the S&P 500 finished Wednesday in correction territory, while 28% of stocks in the index were mired in bear markets. Experts across Wall Street have cited this type of deteriorating breadth as a bearish signal for the future of the stock market. It's something that's also caught the eye of Vincent Deluard, a macro strategist at INTL FCStone He recently noted that record highs for stocks during periods of low breadth have historically occurred near the end of bull markets To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content
2018-10-11T13:53:52.100Z
Trade war WARNING: Global economy would take 'SIGNIFICANT hit' if tensions escalate THE global economy “would take a significant hit” if the escalating trade war between the United States and China boils over, International Monetary Fund (IMF) Managing Director Christine Lagarde said today. While noting the financial sector is still growing, Ms Lagarde warned that the economy may still not be strong enough to handle rising trade tensions. It had warned how the US and China was making the world a poorer and more dangerous place as the nations remain locked in a tit-for-tat trade conflict, slapping strings of tariffs on each other The real question is: Is the economy strong enough The US also wants Beijing to rein in high-technology industrial subsidies, open its markets to more foreign competition and take steps to cut a $375 billion (£283 billion) US goods trade surplus
2018-10-11T13:52:20.011Z
Cheap and unloved: Europe Inc can't afford third-quarter miss as... The third-quarter reporting season kicks off this week with European companies o... For the over-allocation that you had to European equities at the end of last year you haven’t been rewarded Any disappointment is likely to cause a bigger dent than the boost from positive surprises (Graphic: CESI October 11 - reut.rs/2Ogtwnf) Our Standards:The Thomson Reuters Trust Principles
2018-10-11T13:49:39.222Z
Offshore yuan holds gain after Trump remarks on China stance The Chinese yuan held its earlier gains in offshore markets on Thursday as U.S. ... NEW YORK (Reuters) - The Chinese yuan held its earlier gains in offshore markets on Thursday as U.S. President Donald Trump told Fox News there was much more he could do that would hurt China’s economy further, suggesting no signs of backing off a growing trade war with Beijing Our Standards:The Thomson Reuters Trust Principles
2018-10-11T13:38:25.781Z
Thursday Morning Briefing Hurricane Michael heads northeast, stocks sell-off slams back into Europe and Re... World Britain's former Prime Minister Tony Blair attends an event at Thomson Reuters in London, Britain, October 11, 2018 The U.S. Air Force said that it had awarded a total $2.3 billion in contracts to develop rocket launch systems for national security missions Trump trade war delivers farm boom in Brazil Our Standards:The Thomson Reuters Trust Principles
2018-10-11T13:38:24.702Z
Italy flirts with a bear market as Europe stocks mauled in Wall-Street led selloff Italian stocks were hovering at critical levels, as Europe tracked another potential day of volatility on Wall Street.-, Germany’s DAX 30 DAX, -0.52%  tumbled 1.2% to 11,576.26, while France’s CAC 40 PX1, -0.99%  slid 1.6% to 5,124.15 and the U.K.’s FTSE 100 UKX, -1.18%  dropped 1.8% to 7,023.60 The German government, meanwhile, cut its 2018 and 2019 growth forecasts, citing global uncertainty Barbara Kollmeyer Barbara Kollmeyer is an editor for MarketWatch in Madrid We Want to Hear from You Join the conversation Comment
2018-10-11T13:28:29.192Z
Trump says he could do 'a lot more' on China trade: Fox U.S. President Donald Trump warned on Thursday there was much more he could do t... REUTERS/Damir Sagolj/File Photo Trump imposed tariffs on nearly $200 billion of Chinese imports last month and then threatened more levies if China retaliated I don’t want to do it, but they have to come to the table However, Trump said the Chinese want to negotiate but he does not believe they are ready and he told them so Our Standards:The Thomson Reuters Trust Principles
2018-10-11T13:23:55.482Z
Asia tech stocks face brunt of global market sell-off Tencent, SoftBank, Samsung among casualties of trade war jitters Tencent was by far the most traded stock on the Hong Kong exchange on Thursday, with turnover of 18.15 billion Hong Kong dollars ($2.32 billion), nearly triple that of second-place Ping An Insurance Group Nikkei Asian Review deputy editors Zach Coleman and Dean Napolitano, and Nikkei staff writers Nikki Sun and Lauly Li contributed to this article
2018-10-11T13:23:50.738Z
Donald Trump attacks ‘loco’ US Federal Reserve after worst stock market sell-off in months Mr Trump appeared to blame the Fed for a stock rout that market analysts mostly attributed to fresh concern about his trade war with China Among those who came to Mr Powell’s defense was IMF chief Christine Lagarde One reason why the Fed has been raising interest rates even with little sign of an inflation breakout is because the unemployment rate, which fell to 3.7 per cent in September, is at a level that many officials expect will cause wage and price gains to accelerate over time
2018-10-11T13:17:10.592Z
These are the worst large-cap tech stocks of October It’s been a brutal month so far, but many of the stocks are still showing significant gains for 2018. FFIV, -4.32% Computer Communications -15.2% -4.3% 28.9% Arista Networks Inc Subscribe to MarketWatch's free Need to Know newsletter He has previously worked as a senior analyst at TheStreet.com We Want to Hear from You Join the conversation Comment
2018-10-11T13:11:14.370Z
TCS second-quarter profit rises 23% as digital services revenue jumps Digital business, accounting for 28% of TCS's overall revenue, surges 60% Gopinathan reiterated TCS' outlook, saying we are confident that we will end the year with double-digit growth Second-ranked Infosys is set to report its second-quarter earnings on Tuesday Ahead of the results, TCS shares lost 3.1% in Mumbai trading, while the benchmark S&P BSE Sensex closed 2.2% lower
2018-10-11T13:04:14.261Z
China constricts capital outflows with eye on yuan stability China's latest attempts at restricting outward investment by its residents ... Shih estimates that even a modest 20 percent reduction in exports to the United States could cause the monthly trade surplus to drop by $8 billion to $10 billion, nearly a third of the average In addition, a reduction in foreign direct investment, which brought $136 billion into China last year, would also reduce forex inflows substantially, he added Our Standards:The Thomson Reuters Trust Principles
2018-10-11T12:57:16.922Z
Analysis | The Finance 202: Trump is blaming the Fed for the market drop. His administration took another approach. His officials say economic fundamentals remain strong. ‘But I would also add that the normalization of monetary policy in terms of interest rates does have an added benefit in terms of financial risks.’ ‘A very-low interest-rate environment for a long time does, at least in some dimension, probably add to financial risks, or risk-taking, reach for yield, things like that,’ he said
2018-10-11T12:34:48.226Z
Dollar extends losses as stock selloff widens; U.S. data awaited The dollar extended losses and hit its lowest levels in nearly two weeks on Thur... The dollar’s weakness may be due to some unwinding of very long positions ...after the overnight drop in U.S. yields but these are very volatile markets, said Manuel Oliveri, a currency strategist at Credit Agricole in London Our Standards:The Thomson Reuters Trust Principles
2018-10-11T12:29:32.312Z
BMW Is Plowing $4.1 Billion Into Its Chinese Joint Venture as Trump's Trade War Heats Up Until now, foreign carmakers’ ownership in Chinese joint ventures has been capped at 50%. (bcauf) makes BMW (bmwyy) the first automaker to take advantage of China’s policy to let foreign companies take majority control of their local partnerships While Brilliance is getting a hefty payment from BMW for the 25% stake, it is reducing its holding in a partnership that accounted for most of its profit last year Among discussions were opportunities to open up China more to foreign investment
2018-10-11T12:27:17.549Z
G-20 convenes in Bali as pleas for trade cease-fire grow louder Ministers meeting unlikely to spell relief for emerging markets The previous day, World Trade Organization Director-General Roberto Azevedo said an all-out trade war would diminish global trade by 17%, knocking an average 1.9% off the world's gross domestic product growth The Philippine central bank in September announced measures to expand currency hedging to be settled in pesos
2018-10-11T12:24:39.366Z
China reveals it’s ready to unleash thermonuclear weapon carrying Hong-20 stealth bomber amid massive trade war with the US CHINA is almost ready to unleash its fearsome Hong-20 nuclear bomber. The state-of-the-art war machine can carry 20-tonnes of nuclear weapons and fly 5,000 miles without refuelling. It has been in … Importantly,  the Hong-20 also completes the country's so-called nuclear triad Dr Brendan Taylor, Associate Professor at ANU Coral Bell School of Asia Pacific Affairs, said the world could be counting down to all-out war He added: All it would take is an accidental clash between the wrong two militaries, at the wrong place or the wrong time, and a highly dangerous escalation could occur
2018-10-11T12:23:39.906Z
Worst Hit in Global Markets Rout: Tech and China While tech losers in the U.S. such as Amazon and Netflix are falling from record highs, the Chinese market is going from bad to worse. Nearly a third of the 3,551 companies listed in Shanghai and Shenzhen had their share prices hit the 10% lower daily trading limit Thursday What we saw today was an orderly risk-off, flight-to-safety move, not a fire sale, get out of Dodge and head for the door collecting cash as you go by, he said
2018-10-11T12:13:33.740Z
Dow futures TUMBLE by 200 points after Wall Street CARNAGE leads to global market CHAOS DOW futures tumbled ahead of the US stock market open today, as the global markets plummeted following the worst day for Wall Street since February. Europe and Asia stock markets were left rattled on investor concerns about rapidly rising interest rates and an expected slowdown in global economic growth. The premarket also saw pointed to sharp declines for S&P 500 and Nasdaq 100 futures President Trump described the Fed as having gone crazy after walking off Air Force One in Erie, Pennsylvania for a rally Actually, it's a correction that we've been waiting for for a long time, but I really disagree with what the Fed is doing
2018-10-11T12:10:58.671Z