The fear that a deepening trade war could wreck the global economy has analysts and economists once again pining for the mid-1980s, when the U.S. and the world’s other major economic powers struck a deal, known as the Plaza Accord, to weaken the dollar. An end to the present turmoilRead More →
© Reuters. Investing.com – Stocks were suffering their worst one-day losses since February 2018 on Monday after China allowed the yuan to sink in apparent retaliation against U.S. threats to impose new tariffs on Chinese goods imported into the United States. The and each tumbled 3.2%. The plunged nearly 4%.Read More →
Maybe investors got a little too relaxed about the U.S.-China trade war. After the stock market’s worst week of 2019, that’s not the case any more. And if history is a guide, they should probably remain on their toes, analysts said. “I think the U.S. market, having been recently atRead More →
© Reuters. Men stand in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Global stocks took another beating on Friday while investors piled on to safe-haven assets after U.S. President Donald Trump said he would slap a 10%Read More →
AFP/Getty Images President Trump has set himself up for a nasty outcome with China’s Xi this weekend. Let’s go out on a limb here to talk about a potential dollar shock coming out of the G-20 Summit in Osaka this weekend. We step into this conversation admitting that economic modelsRead More →
© Reuters. A screen shows the logos and trading information for defense contractor Raytheon Co, and United Technologies Corp. on the floor at the NYSE in New York By Greg Roumeliotis and Pamela Barbaglia NEW YORK/LONDON (Reuters) – Mega deals set the pace for mergers and acquisitions (M&A) globally inRead More →
The global housing market is showing cracks. Those fissures could spread throughout the world-wide economy, potentially sending world-wide gross domestic product, or GDP, to its lowest annual pace of in 10 years, according to research from Oxford Economics, led by economists Adam Slater, and John Payne in a research reportRead More →
Asian markets were mixed in early trading Friday as oil prices surged following apparent attacks on two tankers near the Strait of Hormuz. U.S. Secretary of State Mike Pompeo blamed Iran, through Iran rejected those claims, as tensions grew in the Persian Gulf. Late Thursday, the U.S. said it hadRead More →
Gold was headed for its first losing session in nine on Monday, tumbling as encouraging global trade headlines drove investors away from the metal and into perceived riskier assets such as stocks, while the dollar gained. August gold GCQ19, -1.10% fell $14, or 1%, to $1,332.10 an ounce, after closingRead More →
© Reuters. FILE PHOTO: People walk in front of board displaying stock indexes in Tokyo By Hideyuki Sano and Noah Sin TOKYO/HONG KONG (Reuters) – Asian shares, European and U.S. stock futures rose on Monday after the United States shelved plans to impose tariffs on Mexico and as global investorsRead More →
© Reuters. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. Secretary of Transportation Elaine Chao at China’s Ministry of Transport in Beijing SHANGHAI (Reuters) – China is preparing to curb some technology exports to the United States, the chief editor ofRead More →
© Reuters. Global dairy prices fall 3.4 percent at fortnightly auction By Charlotte Greenfield WELLINGTON (Reuters) – Global dairy prices sank for the second time in a row at an auction held early on Wednesday due to strong supply as prices eased off a long rally earlier in the year.Read More →
© Reuters. A man riding on a bicycle looks at an electronic board showing the Japan’s Nikkei average outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – U.S. stock futures, Asian share markets and oil prices slipped to multi-month lows on Monday on mounting worries growing Sino-U.S. tensionsRead More →
© Reuters. FILE PHOTO: Australian Prime Minister Malcolm Turnbull gestures during a joint news conference with U.S. President Donald Trump (not pictured) at the White House in Washington By Kane Wu and Byron Kaye HONG KONG (Reuters) – KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull asRead More →
© Reuters. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo By Swati Pandey SYDNEY (Reuters) – Asian shares sank on Wednesday and bonds rallied as investor sentiment soured over growing worries about world growth with trade tensions between Washington and Beijing showingRead More →
The financial-technology merger frenzy continued on Tuesday, as Global Payments Inc. officially announced a $21.5 billion all-stock deal for Total System Services Inc. The deal is the third such combination to be announced in the payments industry this year that is focused on creating a two-party platform that can serveRead More →
© Reuters. The London Stock Exchange Group offices are seen in the City of London, Britain By Karin Strohecker LONDON (Reuters) – World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concernsRead More →
Oil settled on a mixed note Monday, with U.S. crude gaining for the session but global benchmark prices giving up an earlier rise to finish lower. Traders weighed signs that the Organization of the Petroleum Exporting Countries will decide to extend its production-cut agreement following a committee meeting over theRead More →
© Reuters. The logo of The Carlyle Group is displayed at the company’s office in Tokyo By Kane Wu, Arno Schuetze and Junko Fujita HONGKONG/FRANKFURT/TOKYO (Reuters) – Global private equity firms Bain Capital, Carlyle Group (NASDAQ:) and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd’s chemicalRead More →
The potentially imminent escalation of the U.S.-China trade fight — and the threat of further tit-for-tat measures — marks a significant risk to both countries and the world economy, analysts said. The Trump administration plans to more than double tariffs on $200 billion of Chinese imports and extend levies toRead More →
Abby Joseph Cohen, advisory director and senior investment strategist at Goldman Sachs, on Wednesday said that policy decisions are the biggest threat to economy and the market, reflecting on the heightened U.S.-China trade conflict that has roiled equity markets around the globe over the past three sessions. ‘I think whatRead More →
© Reuters. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan By Shinichi Saoshiro TOKYO (Reuters) – Asian equities tracked Wall Street’s slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned freshRead More →
© Reuters. An investor sits in front of a board showing stock information at a brokerage office in Beijing By Andrew Galbraith SHANGHAI (Reuters) – Global financial markets reeled on Monday after U.S. President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal in the midstRead More →
Weak economic growth abroad has been consistently cited as a potential headwind for the U.S. stock market, given the large share of revenue that American multinational companies derive from abroad. Indeed, S&P 500 SPX, +0.47% firms consistently source more than 40% of their sales abroad. But even as investors haveRead More →
What is a steady rise in crude-oil prices telling investors about the health of the global economy? That is the question some bond investors are assessing, amid a recent rally in crude futures. Arnim Holzer, a global macro strategist at EAB Investment Group, told MarketWatch that if the climb inRead More →
