The Fog of War obscures much about the novel coronavirus pandemic. But 2 facts are certain, 1) China’s Communist authorities have lied, concealed and misled about the origins of the epidemic and the toll of the virus in China, and 2) the World Health Organization has acted as Beijing’s handmaid. The result: The global toll of this […]
United States Oil (USO) Surges on China Stockpiling U.S. equity futures rose with European stocks on Thursday as investors braced for the latest unemployment data from the world’s biggest economy. Oil surged after China unveiled plans to boost its reserves. Contracts on the main U.S. equity benchmarks all climbed following steep losses for the underlying […]
The UK FTSE 100 (.FTSE) rose marginally today after China’s factories showed signs of bouncing back in March, but still delivered its worst quarter since 1987 The FTSE 100 rose marginally today after China’s factories showed signs of bouncing back in March, but still delivered its worst quarter since 1987 as investors panic over coronavirus. […]
Tuesday, Senator Rick Scott, (R-FL) called for Congress to investigate the World Health Organization (WHO) and consider cutting its funding, saying the group was “helping Communist China cover up” the coronavirus outbreak. “The mission of the WHO is to get public health information to the world so every country can make the best decisions to […]
The Netherlands is the latest country to reject China-made coronavirus testing kits and other protective gear, calling the items substandard and raising serious questions about the quality of the supplies Beijing is selling to the world. The Netherlands joins Spain, Turkey, Georgia, and the Czech Republic in their concerns over masks and test kits. The claims come as the number […]
The number of Chinese cellphone users dropped by 21 million in the past three months, Beijing authorities announced on March 19. Deaths due to the CCP virus may have contributed to the high number of account closings. Cellphones are an indispensable part of life in China. “The digitization level is very high in China. People […]
Mainland China reported a second consecutive day of no new local coronavirus infections as the epicenter of the epidemic, Hubei Province, opened its borders, but imported cases rose as Beijing ramped up controls to prevent a resurgence of infections. A total of 67 new cases were reported as of the end of Wednesday, up from 47 a […]
Alibaba Group Holding Limited (NYSE:BABA) Taobao launches platform to help factories digitalise their operations in China Taobao, the e-commerce marketplace owned by Alibaba Group Holding, has launched a new initiative to help drive the digital transformation of traditional factories in China using its consumer-to-manufacturer (C2M) system. The platform will enable companies to better manage raw […]
Spain struggled to cope on Wednesday with a mounting coronavirus crisis as its death toll exceeded China’s with another 738 lives lost in a single day, and a third senior government minister was diagnosed with the virus. With 3,434 fatalities, Spain now has the second-highest number of deaths globally after Italy’s 6,820. Nursing homes across […]
Tesla and SpaceX CEO Elon Musk said in a tweet on Monday that he sourced 1,255 ventilators and shipped them to Los Angeles, as hospitals and medical facilities around the US face shortages due to the coronavirus outbreak. California Gov. Gavin Newsom said in a press conference on Monday that Musk has delivered 1,000 ventilators to help […]
$USO $BA In this time of global crisis and economic uncertainty, both Democrats and Republicans have been seeking to exploit the China Virus pandemic in pursuit of partisan policy objectives. Bad policy! The Washington Free Beacon has come up with 10 elements to fix and shield the US economy from the WHO/China Virus crisis. Congress should […]
The coronavirus economic stimulus package being negotiated in a late session by the Senate Saturday will exceed $2-T, according to estimates by the White House National Economic Council Director Larry Kudlow. “The package is coming in at about 10% of GDP,” Mr. Kudlow said. “It is very large.” That would mean more than $2-T, a reporter […]
Los Angeles County public health officials reported 2 more people died of The China Virus Saturday, 21 March. There have also been 59 more confirmed cases of the virus. Overall, 4 people have died and 351 cases have been confirmed since the pandemic began. The 2 people who died most recently were both older than […]
During these uncertain times, it is good to know that we can count on our love for all the beautiful things in this world. Much of the global population is at a standstill as scientists and governments try and stem the spread of coronavirus. Happily, cultural centers including museums, theaters, and national parks, are stepping up […]
$MSFT $BRK.A $BRK.B The coronavirus was 1st publicly identified in Wuhan, China, dubbed The China Virus, in November 2019 is a new coronavirus, the 7th coronavirus identified that is able to infect humans, 6 other coronaviruses are capable of infecting humans and these can cause diseases which range from mild to severe, and include the […]
The death toll in Italy from the coronavirus overtook China’s on Thursday, and infections in the United States climbed past 10,000, in a stark illustration of how the crisis has pivoted toward the West. Italy, with a population of 60 million, recorded at least 3,405 deaths, or roughly 150 more than in China — a […]
The US and the West cannot be dependent upon China for Key pharmaceuticals, President Trump’s policies are changing that and bring the API and medical equipment manufacturing home. Thursday, Fred Fleitz, the President of the Center for Security Policy, told the press that the US must make “some very serious demands on China” regarding the […]
Coronavirus: South Korea, China and Singapore are among the Asian countries facing a second coronavirus wave South Korea, China and Singapore are among the Asian countries facing a second coronavirus wave, spurred by people importing it from outside. China, where the virus first emerged, reported no new domestic cases on Thursday for the first time […]
Just In: President Trump is signing a Buy American executive order to bring more manufacturing for medical supplies back to the US, shredding China 2025. The essence of the order is to bring all of that home so that the US does not have to worry about foreign dependency. Making and Keeping America Great! President […]
Recognizing a marked slowdown in new infections at the epicenter of the coronavirus, China’s Top health commission says the virus has passed its peak in the nation. Travel restrictions being lifted, and businesses reopening in Wuhan. Businesses in Wuhan and Hebei Province have reopened while authorities ease travel restrictions. “Broadly speaking, the peak of the […]
Apple Inc. (NASDAQ:AAPL) closes all stores outside Greater China for 2 weeks Apple Inc said Saturday it’s closing its hundreds of retail stores outside of Greater China until March 27 and is moving to remote work in order to help reduce the spread of coronavirus. In a letter posted on Apple’s website, Chief Executive Officer […]
Shanghai: SSE Composite Index (.SSEC) – Profit Taking Drives China Stock Markets to Lower Close After Early Rise Investors cashed in their chips in the afternoon following Chinese stock markets’ buoyant opening after yesterday’s rise in the US, thus undermining the day’s earlier gains and drawing the overall market down as the curtain fell. The Shanghai Composite […]
Shanghai: SSE Composite Index (.SSEC) – China’s trade economy slowly coming back to life, but US$190 billion export hit expected China’s trade economy is slowly coming back to life, but the coronavirus outbreak has already inflicted huge and lasting damage to global trade. A series of metrics showed that this week, China made significant progress […]
Alibaba Group Holding Limited (NYSE:BABA) is proving resilient to China’s economic slowdown In the last month since the coronavirus from China emerged, China-based stocks have not faced that much selling pressure. Alibaba (NYSE:BABA) stock is holding up well. Investors are speculating that the lockdown in several of the country’s biggest cities will lead to a […]
United States Oil (USO) prices fall as coronavirus spreads outside China with death toll at 2,900 With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further. That has sent shares tumbling for oil giants like Exxon and Chevron while smaller producers with idling rigs […]
Shanghai: SSE Composite Index (.SSEC) stocks gain on China virus toll drops Hong Kong and Shanghai stocks ended higher on Thursday as the spread of coronavirus shows signs of easing in China, with figures showing for the first time there were more infections reported outside the country than inside. The Hang Seng Index added 0.3 […]
Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 US-China trade deal, although that could change as more data becomes available in coming weeks. Finance officials from the world’s 20 largest economies aka G-20, said Sunday they would keep a close watch […]
United States Oil (USO) prices stay under pressure with increase in virus cases outside of China Oil markets will continue to remain under pressure with a rise in coronavirus cases appearing outside of China, even as the virus also continues to affect demand in China itself, analysts said. Oil prices on Friday saw Brent closing […]
Hong Kong: HANG SENG INDEX (.HSI) stocks hit near 4-week high as China steps up support Hong Kong stocks rose to the highest level in almost four weeks on Monday as Beijing stepped up policy stimulus to cushion the economic impact from the coronavirus outbreak. The Hang Seng index closed up 0.5% at 27,959.60, after […]
Stocks in Hong Kong: HANG SENG INDEX (.HSI) and mainland China advance on expectations of additional stimulus out of Beijing and eventual success in defeating the novel coronavirus Stocks in Hong Kong and mainland China advanced Friday on expectations of additional stimulus out of Beijing and eventual success in defeating the novel coronavirus. The Hang […]
Dow Jones Industrial Average (.DJI) – China-Sensitive Names Lead the Way The new coronavirus from China is still an issue. And it’s one that’s getting worse, not better. However, stocks clung to modest gains Tuesday with the Dow Jones Industrial Average supported by a host of China-sensitive fare. In other news today, Federal Reserve Chairman […]
United States Oil (USO) climbs as China reported its lowest daily number of new coronavirus cases Oil prices climbed on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic. Brent […]
President Trump praised China for giving the death penalty to drug dealers. Answering a question about fentanyl crossing the US-Mexico border during a White House event Monday. President Trump invoked conversations he had with Chinese President Xi and his country’s crackdown on dealers of the powerful synthetic opioid. “I met with President Xi on the […]
Alibaba Group Holding Limited (NYSE:BABA) Blocked From Hong Kong Stock Link to China Investors betting on Alibaba Group Holding Ltd.’s inclusion in a program allowing mainland Chinese investors to buy its shares in Hong Kong could be in for a disappointment. The Hong Kong Stock Exchanges & Clearing Ltd. has proposed changes to the China […]
Hong Kong: HANG SENG INDEX (.HSI) – Asian Markets Fall on Impact Woes of China Virus Markets across the Asia-Pacific region were in the red on Monday with investors worried about the impact of the new coronavirus outbreak on the global economy. The virus has killed more than 900 people, infected 40,000 across mainland China […]
DAX PERFORMANCE-INDEX (.GDAXI) opens higher despite market chaos in China The FTSE 100 and other European stock markets have opened slightly higher, despite China’s Shanghai index plunging almost eight per cent over the coronavirus outbreak. The UK’s blue-chip index had climbed 0.3 per cent by 8.30am, Germany’s Dax was also 0.3 per cent higher, while […]
United States Oil (USO) dragged down by worries about lower demand in China Oil prices extended their losses on Monday, dragged down by worries about lower demand in China, the world’s largest oil importer, following a coronavirus outbreak there. Brent and U.S. West Texas Intermediate (WTI) crude fell for a fourth week in a row […]
Hong Kong: HANG SENG INDEX (.HSI) World braces for sell-off Monday at China market reopening Central bank readies $174bn liquidity injection as coronavirus spreads further Chinese equities markets are poised for their weakest Lunar New Year start in at least two decades when they return Monday from a break extended to contain the deadly new […]
World Health Organization declared the outbreak sparked by a new virus in China that has spread to more than 12 countries a global emergency after the number of cases spiked more than tenfold in a week, including the record number of deaths in 24 hrs reported Friday. China counted 9,692 confirmed cases with a death […]
Thursday, US Commerce Secretary Wilbur Ross said he does not want to take a “victory lap” concerning the deadly coronavirus outbreak, but he speculated that the disease will help “accelerate” the return of jobs to the United States. “The fact is, it does give businesses yet another thing to consider when they go through their […]
White House economic adviser Larry Kudlow said the deadly China coronavirus should have “minimal impact” on the American economy. “This is a Chinese pandemic,” Mr. Kudlow said late Wednesday. Mr. Kudlow admitted “China has a serious, serious public health problem,” but insisted the United States wants to “help them work through it.” “We are going to […]
United States Oil (USO) falls as the death toll from the new virus in China climbed to 170 Oil prices fell on Thursday as the death toll from the new virus in China climbed to 170 and more airlines canceled flights to the country’s major cities, while rising U.S. crude inventories added to the negative […]
United States Oil (USO) gains amid assessment of China virus impact, possible OPEC supply cuts Oil prices rose for a second day on Wednesday, standing on firmer ground after a five-day rout on talk that OPEC could extend oil cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles also […]
Hong Kong: HANG SENG INDEX (.HSI) sink on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea’s benchmark tumbled 3.4% to 2,170.88 as it reopened after its own holidays. China has extended its national […]
Dow Jones Industrial Average (.DJI) investors grappled with fresh worries about the spread of a new virus in China that threatens global economic growth The sell-off gave the Dow its first 5-day losing streak since early August and handed the S&P 500 its worst day since early October. Both indexes were off about 1.5 percent, […]
Gold 1 OZ (XAU=X) markets continued to absorb the potential effects of the coronavirus that is spreading throughout China Gold prices moved higher on Friday as the markets continued to absorb the potential effects of the coronavirus that is spreading throughout China. A second case was uncovered in the United States ahead of the weekend. […]
NASDAQ Composite (.IXIC) edges to record as investors monitor China virus Wall Street stocks finished mostly higher on Thursday (Jan 23), with the Nasdaq edging to a fresh record, despite worries over the coronavirus in China. Stocks opened solidly lower on worries the sickness could spread and dent the global economy. But sentiment shifted after […]
UK FTSE 100 (.FTSE) falls 0.9% as China virus fears hit miners & travel stocks Fears of the economic impact from a coronavirus contagion in China grew today, sending the UK stock market down nearly 1%. The FTSE 100 gave up 0.9% or 64 points to close at 7,507, its steepest grop in nearly two […]
Gold 1 OZ (XAU=X) price eases as markets assess risks from China virus Gold prices fell on Wednesday, as the dollar firmed and investors assessed the risk of a global epidemic from a coronavirus outbreak from China that could have an impact on economic growth. Spot gold fell 0.3% to $1,553.27 per ounce by 0133 […]
Shanghai: SSE Composite Index (.SSEC) Trade war is 2 years old, but China escapes with flesh wound It was this day in 2018 that President Donald Trump fired the first salvo against China by raising tariffs on solar equipment and washing machines. The series of tariff hikes that ensued has slowed growth in the world’s […]
Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets A last-minute jump helped the local bourse keep losses in check on Tuesday, as the emergence of a deadly virus in China weighed on Asian markets and contributed to the snapping of its five-day winning streak. The S&P/ASX 200 index declined 13 […]
Gold 1 OZ (XAU=X) prices end lower as coronavirus threatens China buying Gold futures on Tuesday ended lower, pressured as China, one of the commodity’s biggest buyers, faced a viral outbreak that could hurt buying of physical gold at a peak holiday period. Prices for the gold, however, pared some of their earlier losses as […]
Shanghai: SSE Composite Index (.SSEC) trade lower on concern about China virus The Chinese government announced there has been a fourth death from coronavirus. The outbreak, centered on the city of Wuhan, has sickened more than 200 people. Authorities said some infections were transmitted person-to-person, increasing the risk the disease might spread faster during the […]
UK FTSE 100 (.FTSE) hit by sell-off as China virus spreads to markets The FTSE 100 suffered a widespread sell-off as markets were unnerved by the spread of a new deadly virus in China. The UK’s main market followed Asian markets downward, shedding 1.2%, or 93 points, to trade near a two-week low at 7,558 […]
Hong Kong: HANG SENG INDEX (.HSI) Shares Post Solid Weekly Gains Amid Trade Deal Signing, China GDP Growth The major Asia Pacific stock indexes closed mostly higher last week. Surprisingly, stocks were lower in China. That move was unexpected since most of the stories dominating the news last week were positive economic developments involving the […]
United States Oil (USO) – US-China trade deal to shake up global crude oil flows Sharply higher Chinese purchases of US energy products as part of the China-US trade deal will shake up global crude oil trade flows if American supplies squeeze rival crudes out of the top oil import market, trade sources have said. […]
Tesla, Inc. (NASDAQ:TSLA) Says It Plans to Open China Design and Research Center U.S. electric car maker Tesla plans to open a design and research center in China to make “Chinese-style” vehicles, the company said in a recruitment notice on its official WeChat account. Wednesday’s notice sought to recruit designers and other staff to help […]
Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal That was despite alukewarm lead from Wall Street after the United States and China signed their long-awaited “phase one” trade agreement. The ASX 200 closed 0.7 per cent higher at 7,041 points, while the broader All Ordinaries index gained 0.6 […]
Hong Kong: HANG SENG INDEX (.HSI) closes up for the first time in three days after US-China sign phase one deal The Hang Seng Index rose 0.4 per cent to 28,883.04 at the close. Thirty-two out of the 50 members on the benchmark gained. Sino Biopharmaceutical (1177 HK) was the best performer, climbing 4.8 per […]
DAX PERFORMANCE-INDEX (.GDAXI) Rises After US-China Trade Deal German stocks advanced on Thursday after the United States and China signed a trade truce, helping ease investors’ concerns of further escalation in the costly conflict. Some questions still remain over whether President Donald Trump’s efforts to rewrite the economic relationship with Beijing will ever go any […]
Dow Jones Industrial Average (.DJI), S&P 500 close at record highs after Trump signs first phase of U.S.-China trade pact U.S. stock indexes closed higher Wednesday afternoon, though the major benchmarks ended the day well off session highs, after President Donald Trump signed the first phase of a trade pact with China, marking a truce […]
$DIA $SPY, $QQQ, $RUTX, $VXX Wednesday, the DJIA closed above 29,000 for the 1st time plus the S&P 500 closed at a record high after the United States and China signed the Phase 1 trade agreement and pledged to resolve the 2 yr tariff dispute. The centerpiece of the agreement is a pledge by China […]
United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Brent crude […]
Hong Kong: HANG SENG INDEX (.HSI) ends lower for a second day as concerns linger over US-China trade deal Hong Kong and mainland stocks fell for a second straight day as investors moved to the sidelines amid lingering concerns over the US-China trade deal that will be signed later tonight in Washington. The Hang Seng […]
Singapore: STI Index (.STI) Asia Mostly Lower Ahead of U.S.-China Deal Market sentiment dragged in Asia on Wednesday ahead of the U.S. and China signing a phase one trade deal. In Japan, the Nikkei 225 index faded 108.59 points, or 0.5%, to 23,916.58. The Japanese yen changed hands at 109.92 per U.S. dollar, strengthening from […]
Shanghai: SSE Composite Index (.SSEC) China and Hong Kong stocks retreat before Washington and Beijing prepare to sign trade deal China and Hong Kong stocks retreated on Wednesday, with benchmarks falling for a second day, as investors stepped back ahead of the signing of an interim trade deal between US and China in Washington. The […]
Documents to be released Wednesday will show skeptics that a Phase 1 US-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, USTreasury Secretary Steven Mnuchin said Tuesday. President Trump is due to sign the trade pact with Chinese Vice Premier Liu He at a ceremony at […]
Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election China’s yuan weakened on Tuesday and the Japanese yen reversed earlier losses after a report that the United States will keep tariffs on Chinese goods through the U.S. election hurt risk sentiment. The news came a day before […]
UK FTSE 100 (.FTSE) climbs and pound falls ahead of US and China’s trade deal The FTSE 100 has risen, gaining a boost from the falling pound, ahead of a trade deal between the US and China set to be signed tomorrow. The UK blue-chip index rose 29 points, or 0.4%, to 7,646, as companies […]
Gold 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday Gold prices fell 1% on Monday as optimism in equity markets ahead of the signing of an interim U.S.-China trade deal and lack of further escalation in Middle East tensions diminished bullion’s safe-haven appeal. The U.S.-China Phase 1 agreement is […]
United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil Treasury Secretary Steven Mnuchin said he is working with China to cut off the minimal flow of Iranian oil exports to the country on “Sunday Morning Futures” with Maria Bartiromo. “We’ve cut off probably over 95% of the oil revenues, so there’s a […]
Apple Inc. (NASDAQ:AAPL) Stock Climbs to New Record Highs as iPhone Shipments in China Jump 18% Apple stock is set to move higher on Thursday after hitting fresh record highs yesterday as iPhone sales in China jumped more than 18% in December. Apple stock is set to move higher on Thursday after hitting fresh record […]
Bitcoin: USD/BTC (BTC=X) Hash Rate Hits All-Time High Behind Price Rise, Private Pools in China I probably don’t need to tell you that bitcoin’s price is up in the new year. But did you know that the bitcoin mining hash rate and difficulty are climbing too? On January 5, 2020, Bitcoin’s hash rate struck a […]
Hong Kong: HANG SENG INDEX (.HSI) rise as China confirms trade deal signing next week U.S. stocks climbed in early trading on Thursday as investors cheered confirmation from China that its top trade official will head to Washington next week to sign a preliminary trade deal. The “Phase 1” deal is the opening step on […]
Tesla, Inc. (NASDAQ:TSLA) China hopes yet to feed through to suppliers Tesla will begin delivering its Model 3 cars made at its Shanghai factory to Chinese consumers on Tuesday amid a cooling electric vehicle (EV) market in China. The U.S. carmaker’s venture into the world’s second largest economy has been welcomed by Chinese EV start-ups […]
2 of the “biggest and best trade deals ever in American history” could be signed within a week of each other, according to assistant to the President and Director of the Office of Trade and Manufacturing Policy Peter Navarro. The US-Mexico-Canada Agreement (USMCA) will likely pass the Senate, with a bipartisan vote, as early as this […]
Tesla, Inc. (NASDAQ:TSLA) Says Will Start Delivering China-Made Model 3s to Public on Jan. 7 Tesla Inc will deliver its first China-made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday. The Shanghai plant is part of the Silicon […]
United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fueled worries about supply.Global benchmark. Brent crude futures, were up 22 cents, or 0.3%, […]
President Trump said he will sign ‘Phase 1’ of a trade deal with China on 15 January sealing an agreement that sees the Asian nation raising purchases of American farm goods in exchange for lower tariffs on some of its products. “The ceremony will take place at the White House,” he said on his Twitter account […]
China has unveiled a regulation on implementing the foreign investment law (FDI) to better protect the legitimate rights and interests of foreign investors. Premier Li Keqiang signed a State Council decree to publish the regulation. It takes effect on 1 January 2020, the same day when the law becomes effective. As a matching regulation to […]
Hong Kong: HANG SENG INDEX (.HSI) Index posts fresh 5-month high; China stocks rise on step making borrowing cheaper The Hang Seng Index rose to its highest level in five months Monday, as traders bought up property stocks that have lagged the overall market due to protests that have rocked the city since June. Hong […]
Tesla, Inc. (NASDAQ:TSLA) delivers first cars made at China gigafactory Tesla Inc. made its first deliveries of cars built in China on Monday, marking another milestone for the electric-car company that saw its stock soar to record highs last week. The Shanghai gigafactory is Tesla’s first outside the U.S., and is expected to significantly boost […]
United States Oil (USO) holds near recent three-month highs amid optimism that the United States and China are close to signing a trade deal Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying […]
Friday, President Trump Tweeted Friday that he had “a very good talk” with President Xi Jinping of China on trade and that Beijing “has already started large scale purchases of agricultural products and more.” “Formal signing being arranged,” President Trump said in the post, in which he noted further that “progress” was being made because he and […]
NASDAQ Composite (.IXIC) able to extend its winning streak with the boost in sentiment from a preliminary U.S.-China trade deal U.S. stocks finished mixed Wednesday as only the Nasdaq Composite was able to extend its winning streak with the boost in sentiment from a preliminary U.S.-China trade deal tailing off by the end of the […]
$SOY Tuesday, Chinese importers bought at least 2 cargoes of US soybean after receiving another round of tariff-free quota for US shipments. The sales, the 1st since Washington announced an interim trade deal with Beijing last week, may also be China’s last large US purchases before newly harvested soybean from Top supplier Brazil begin hitting […]
Hong Kong: HANG SENG INDEX (.HSI) Trump adviser insists deal ‘done’ as China sounds cautious Stocks in Hong Kong hit their highest level since late July on Wednesday amid expectation of a ‘phase one’ trade deal between Beijing and Washington, but pared gains as investors awaited further details. At the close of trade, the Hang […]
United States Oil (USO) remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, […]
Wider, deeper opening up to reshape China’s economic landscape Opening up has been among the major policy moves that underpinned China’s huge economic growth over the past decades, and even though protectionism is on the rise, the country has been steadily delivering its promise of opening its doors wider. At a Key economic conference earlier […]
City enjoying ‘Boris bounce’ and US-China talks as UK (.FTSE) 100 soars The FTSE 100 soared more than 2% on Monday as investors continued to enjoy the election result and took comfort in the US and China taking the first tentative steps towards a new trade deal. By close of play, it was up 166 […]
Phase One trade deal between Washington and Beijing has been “absolutely completed,” a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement. “They are… going to double our exports to China,” National Economic Council Director Larry Kudlow said on TV. The Big Q: What is in the […]
United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that’s expected to boost flows between the top two global […]
Dow Jones Industrial Average (.DJI) steady as US, China deal The S&P 500 and the Dow industrials have ended little changed on Friday, hitting record highs in the session, as the United States and China announced an initial trade agreement. The S&P 500 technology sector and the tech-heavy Nasdaq finished solidly in positive territory, with […]
US Treasury Secretary Steven Mnuchin said Saturday a “P-1” trade deal between the United States and China was “very good” for global economic growth, and added that the 2nd phase could come in several steps. The United States and China cooled their trade dispute Friday, announcing a “P-1” agreement that reduces some US tariffs in […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street closed little changed after P-1 China trade deal reached President Trump said Friday that the US has canceled plans to impose new tariffs on $160-B in worth of Chinese imports Sunday as part of a modest interim agreement that de-escalates a 17-month trade dispute between the world’s 2 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX An HeffX-LTN Key indicator for extending this Bull Market: The last vestige of the financial crisis ended Thursday as financial stocks in the S&P 500 passed their prior closing high eclipsing the record marked in Feb 2007 before losing more than 80% of their value in less than 2 yrs. […]
Shanghai: SSE Composite Index (.SSEC) Brace Yourself, Today Could be US-China Tariff Decision Day Stocks in Asia closed mixed, with China’s Shanghai Index falling -0.3% and the Australian ASX 200 down -0.7% while the Hong Kong Hang Seng gained 1.3%, and the South Korean Kospi rose 1.5%. The major European equity indices were all slightly in […]
UK FTSE 100 (.FTSE) rallies as Trump tweets US close to ‘big deal’ with China The FTSE 100 has followed global stock markets higher after US president Donald Trump tweeted a trade deal with China was ‘very close’. The UK blue-chip index closed 57 points, or 0.8%, higher at 7,273 while in the US, the […]
Hong Kong: HANG SENG INDEX (.HSI) jumps in early trading, powered by AIA, Tencent, while China markets dip The Hong Kong and mainland Chinese markets are expected to open with small gains on Thursday, as the wait for a trade deal between the United States and China goes on. An added factor to watch this […]
Tesla, Inc. (NASDAQ:TSLA) shows strength amid impending Made-in-China Model 3 deliveries, Cybertruck sightings Tesla stock (NASDAQ:TSLA) is showing some strength on Tuesday amid reports hinting that deliveries of the Made-in-China Model 3 may be starting sooner than expected. Apart from this, interest in the Tesla Cybertruck remains high weeks after the vehicle’s unveiling, thanks to […]
