One man stands between us and a currency war

2019-08-11

Larry Kudlow may be the only thing standing between us and the next leg of a currency war. The president’s chief economic adviser is a “strong dollar” man. “A great country needs a strong currency,” he told CNBC soon after he was tapped last year to join the administration. “IRead More →

Asian markets make cautious gains following rocky week

2019-08-11

Asian markets cautiously rose in early trading Monday, following a volatile week for global markets as U.S.-China trade tensions increased. Goldman Sachs on Sunday said that it does not expect a trade deal before the 2020 presidential election, and warned that the ongoing trade war is having a greater effectRead More →

Asian markets rise, unfazed by yuan’s latest weakening

2019-08-08

Asian markets rose in early trading Thursday, showing no significant reaction after China’s central bank set the yuan’s midpoint at its weakest level since 2008. The People’s Bank of China early Thursday set the yuan’s reference point at 7.0039 against one U.S. dollar. Still, it was not as weak asRead More →

Asian markets mixed after China moves to stabilize yuan

2019-08-06

Asian markets were mixed in early trading Wednesday, after China’s central bank moved to ease fears of a full-blown currency war. The People’s Bank of China early Wednesday set the daily reference point for the yuan at 6.9996 per dollar, a bit weaker than expected. The currency typically trades upRead More →

Asian markets tumble, following Wall Street’s lead

2019-08-05

Asian stock markets tumbled in early trading Tuesday, following Wall Street’s worst day of the year as trade tensions between the U.S. and China grew even worse. Japan’s Nikkei NIK, -2.03%   sank 1.9%, while South Korea’s Kospi 180721, -0.62%   fell 1% and Australia’s S&P/ASX 200 XJO, -2.49%  Read More →

Asian markets sink as U.S.-China trade tensions ramp back up

2019-08-01

Asian markets sank in early trading Friday after U.S.-China trade tensions reignited. On Thursday, President Donald Trump tweeted that he intends to slap 10% tariffs on an additional $300 billion of Chinese imports, due to take effect Sept. 1. U.S. stocks dropped immediately after the surprise announcement, along with crudeRead More →

Asian markets mixed after Wall Street’s record highs

2019-07-03

Asian markets were mixed Thursday, following record closing highs for U.S. stocks in a shortened trading day. The rally follows a slight easing of trade tensions between the U.S. and China after they agreed to refrain from new tariffs pending a new round of negotiations. That has relieved some pressureRead More →

Asian markets fall as trade-deal uncertainty returns

2019-07-02

Asian markets retreated in early trading Wednesday, as the afterglow of last weekend’s trade-truce announcement gave way to uncertainty that a deal will actually be made anytime soon. Peter Navarro, President Donald Trump’s top trade adviser, said Tuesday that talks between the U.S. and China were headed in a “veryRead More →