United States Oil (USO) – US-China trade deal to shake up global crude oil flows

United States Oil (USO) – US-China trade deal to shake up global crude oil flows

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

Tesla, Inc. (NASDAQ:TSLA) Says It Plans to Open China Design and Research Center

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

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal

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

Hong Kong: HANG SENG INDEX (.HSI) closes up for the first time in three days after US-China sign phase one deal

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

DAX PERFORMANCE-INDEX (.GDAXI) Rises After US-China Trade Deal

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

Dow Jones Industrial Average (.DJI), S&P 500 close at record highs after Trump signs first phase of U.S.-China trade pact

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 […]

President Trump Inks P-1 of China Trade Deal: DJIA, S&P 500 Close at Record Highs

President Trump Inks P-1 of China Trade Deal: DJIA, S&P 500 Close at Record Highs

$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

United States Oil (USO) declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased

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: HANG SENG INDEX (.HSI) ends lower for a second day as concerns linger over US-China trade deal

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

Singapore: STI Index (.STI) Asia Mostly Lower Ahead of U.S.-China Deal

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

Shanghai: SSE Composite Index (.SSEC) China and Hong Kong stocks retreat before Washington and Beijing prepare to sign trade deal

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 […]

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election

Japanese Yen: USD/JPY (JPY=X) gains, yuan weakens on report tariffs on China to stay through US election

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

UK FTSE 100 (.FTSE) climbs and pound falls ahead of US and China’s trade deal

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 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday

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

United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil

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 Inc. (NASDAQ:AAPL) Stock Climbs to New Record Highs as iPhone Shipments in China Jump 18%

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

Bitcoin: USD/BTC (BTC=X) Hash Rate Hits All-Time High Behind Price Rise, Private Pools in China

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

Hong Kong: HANG SENG INDEX (.HSI) rise as China confirms trade deal signing next week

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, Inc. (NASDAQ:TSLA) China hopes yet to feed through to suppliers

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 […]

2020: America First, USMCA, China Trade Deal ‘Phase 1’ Could Come Back-to-Back

2020: America First, USMCA, China Trade Deal ‘Phase 1’ Could Come Back-to-Back

 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. (NASDAQ:TSLA) Says Will Start Delivering China-Made Model 3s to Public on Jan. 7

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

United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions

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%, […]

Key Element in ‘Phase 1’ Trade Resolution: China Implements Foreign Investment Law

Key Element in ‘Phase 1’ Trade Resolution: China Implements Foreign Investment Law

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

Hong Kong: HANG SENG INDEX (.HSI) Index posts fresh 5-month high; China stocks rise on step making borrowing cheaper

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. (NASDAQ:TSLA) delivers first cars made at China gigafactory

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

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

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 […]

President Trump: “Had Very Good Talk With China on Trade and…”

President Trump: “Had Very Good Talk With China on Trade and…”

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

NASDAQ Composite (.IXIC) able to extend its winning streak with the boost in sentiment from a preliminary U.S.-China trade deal

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 […]

China Bought Soybeans on Tariff Waivers

China Bought Soybeans on Tariff Waivers

$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

Hong Kong: HANG SENG INDEX (.HSI) Trump adviser insists deal ‘done’ as China sounds cautious

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

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

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, […]

The Beijing Report on the US-China Trade Dispute Resolution

The Beijing Report on the US-China Trade Dispute Resolution

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

City enjoying ‘Boris bounce’ and US-China talks as UK (.FTSE) 100 soars

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 […]

United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal

United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal

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

Dow Jones Industrial Average (.DJI) steady as US, China deal

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-China Reached a Trade Deal, Sunday Tariffs Off

US-China Reached a Trade Deal, Sunday Tariffs Off

$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 […]

President Trump Signs Off on Trade Deal With China, Wall Street Marks Fresh Record Highs

President Trump Signs Off on Trade Deal With China, Wall Street Marks Fresh Record Highs

$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

Shanghai: SSE Composite Index (.SSEC) Brace Yourself, Today Could be US-China Tariff Decision Day

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

UK FTSE 100 (.FTSE) rallies as Trump tweets US close to ‘big deal’ with China

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

Hong Kong: HANG SENG INDEX (.HSI) jumps in early trading, powered by AIA, Tencent, while China markets dip

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, Inc. (NASDAQ:TSLA) shows strength amid impending Made-in-China Model 3 deliveries, Cybertruck sightings

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 […]

Hong Kong: HANG SENG INDEX (.HSI) investors keep a nervous eye on the progress of China-US trade talks

Hong Kong: HANG SENG INDEX (.HSI) investors keep a nervous eye on the progress of China-US trade talks

Hong Kong: HANG SENG INDEX (.HSI) investors keep a nervous eye on the progress of China-US trade talks Hong Kong stocks went into the break with small losses on Tuesday as investors kept a nervous eye on the progress of China-US trade talks with a tariffs deadline just days away. The Hang Seng index dipped […]

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes Australia’s benchmark ASX 200 stock index has tracked higher alongside an upshift in priced-in 2020 Fed policy expectations for over three months. The move echoes similar dynamics across most major risk-on assets, reflecting growing hopes for a US-China trade deal and the […]

Dow Jones Industrial Average (.DJI) sinks 105 points as health-care selling and worries about China’s economy weigh on market

Dow Jones Industrial Average (.DJI) sinks 105 points as health-care selling and worries about China’s economy weigh on market

Dow Jones Industrial Average (.DJI) sinks 105 points as health-care selling and worries about China’s economy weigh on market U.S. stocks ended solidly lower Monday as buying appetite abated, following economic reports that pointed to weakness in China’s economy, highlighting worries about a global economic recession. Health-care shares, meanwhile, also weighed on the broader market, […]

UK FTSE 100 (.FTSE) lower as oil majors and Asia-exposed financials fell on China growth worries

UK FTSE 100 (.FTSE) lower as oil majors and Asia-exposed financials fell on China growth worries

UK FTSE 100 (.FTSE) lower as oil majors and Asia-exposed financials fell on China growth worries London’s exporter-heavy FTSE 100 inched lower on Monday as oil majors and Asia-exposed financials fell on China growth worries and as the pound strengthened, while a 72% slump in Tullow Oil single-handedly dragged down midcaps. The blue-chip index was […]

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China The Australian Dollar is trading lower on Monday in reaction to weaker-than-expected trade balance data from China. The Aussie is also being pressured by Friday’s stronger-than-expected U.S. Non-Farm Payrolls and consumer sentiment reports, which should be enough to prevent the […]

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China

Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China A Busy Week Ahead After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. […]

DAX PERFORMANCE-INDEX (.GDAXI) slip as investors weigh outlook for US-China trade

DAX PERFORMANCE-INDEX (.GDAXI) slip as investors weigh outlook for US-China trade

DAX PERFORMANCE-INDEX (.GDAXI) slip as investors weigh outlook for US-China trade Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington […]

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections

Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections The New Zealand and Australian Dollars finished mixed on Wednesday with the Kiwi posting a gain and the Aussie closing unchanged. Both currencies posted two-sided price action before rallying […]

Dow Jones Industrial Average (.DJI) higher following a report that a phase-one trade U.S.-China trade deal was still in the works

Dow Jones Industrial Average (.DJI) higher  following a report that a phase-one trade U.S.-China trade deal was still in the works

Dow Jones Industrial Average (.DJI) higher following a report that a phase-one trade U.S.-China trade deal was still in the works U.S. stocks closed higher for the first time in four sessions following a report that a phase-one trade U.S.-China trade deal was still in the works, helping to offset fears of a delay sparked […]

Dow Jones Industrial Average (.DJI) Spirals 300 Points After Trump Suggests Delaying China Deal

Dow Jones Industrial Average (.DJI) Spirals 300 Points After Trump Suggests Delaying China Deal

Dow Jones Industrial Average (.DJI) Spirals 300 Points After Trump Suggests Delaying China Deal The Dow Jones Industrial Average spiraled downward by 317 points or 1.14% on Tuesday morning after U.S. President Donald Trump suggested that he may hold off on a trade deal with China until after the 2020 presidential election.  The S&P 500 […]

“Proper US-China Trade Deal More Important Than Timing”

“Proper US-China Trade Deal More Important Than Timing”

$DIA, $SPY, $QQQ, $RUTX, $VXX The Commerce Secretary said the world’s 2 largest economies still needed to work out details about China’s purchases of farm products, some structural issues and an enforcement mechanism in order to ink an interim trade agreement that President Trump hoped to complete last month. President Trump, speaking in Europe Tuesday, […]

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal The Yen bested all but its Swiss rival Tuesday amid fresh tensions between the U.S. and China as well as a turn higher in Japanese government bond yields, although analysts have said there could still be more upside to come.   President Donald Trump said Tuesday […]

Hong Kong: HANG SENG INDEX (.HSI) falls on worries about US-China trade deal

Hong Kong: HANG SENG INDEX (.HSI) falls on worries about US-China trade deal

Hong Kong: HANG SENG INDEX (.HSI) falls on worries about US-China trade deal Hong Kong stocks slipped on growing concerns the trade deal may be delayed over US-China tensions. Meanwhile, China stocks gained. The Hang Seng Index declined 0.2 per cent to 26,391.30, as threats out of China about what it sees as US interference […]

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait Global stocks fell broadly after President Donald Trump cast doubt over the potential for a trade deal with China this year and threatened to impose tariffs on French goods. The selling knocked the Dow Jones Industrial Average more […]

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation The Australian dollar has taken off to the upside during the trading session on Monday, reaching towards the 50 day EMA by the time New York opened. With that being the case, it looks as if we are trying to make […]

Asian markets rally following China data, eyes on trade talks

Asian markets rally following China data, eyes on trade talks

Asian markets rose Monday as investors cheered data showing a surprise jump in Chinese factory activity, while oil prices bounced from last week’s sharp losses after Iraq said top producers could announce a cut in output this week. But while the week started on a positive note, worries about the trade talks were revived by […]

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next […]

UK FTSE 100 (.FTSE) trades lower on renewed US-China trade fears, Virgin Money soars

UK FTSE 100 (.FTSE) trades lower on renewed US-China trade fears, Virgin Money soars

UK FTSE 100 (.FTSE) trades lower on renewed US-China trade fears, Virgin Money soars The FTSE 100 is trading lower as President Donald Trump signed into law a bill that favours the Hong Kong protestors. President Trump’s signing of the Human Rights and Democracy Act is likely to stir tensions with China just as the […]

President Trump Signs Hong Kong Bill that May Strain Relations with China

President Trump Signs Hong Kong Bill that May Strain Relations with China

Wednesday, President Trump signed a bill into law that expresses US support for Hong Kong protesters, a move that may strain relations with China and further complicate the president’s effort to wind down his trade war with Beijing. The legislation, S. 1838, requires annual reviews of Hong Kong’s special trade status under American law and […]

UK FTSE 100 (.FTSE) hits four-month high as Trump says China deal close

UK FTSE 100 (.FTSE) hits four-month high as Trump says China deal close

UK FTSE 100 (.FTSE) hits four-month high as Trump says China deal close The FTSE 100 has rallied to a four-month high after Donald Trump said the US was in the ‘final throes’ of trade negotiations with China. The UK blue-chip index rose 37 points, or 0.5%, to 7,440, its highest level since early August. Trump […]

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain “EUR/USD short-term technicals: Neutral – Yesterday’s euro downswing ran into important support just above the 1.1000 psychological barrier with the common currency bouncing back in a rather unspectacular fashion from its seven-session low of 1.1004. A move below 1.1000 […]

New Zealand Dollar: NZD/USD (NZD=X) stalls as US-China deal awaited

New Zealand Dollar: NZD/USD (NZD=X) stalls as US-China deal awaited

New Zealand Dollar: NZD/USD (NZD=X) stalls as US-China deal awaited The New Zealand dollar remained stalled amid increasingly positive signs the US and China will soon sign a preliminary trade deal and after Federal Reserve chair Jerome Powell made it clear further US interest rate cuts are unlikely. Overnight, New Zealand time, US President Donald […]

Bitcoin: USD/BTC (BTC=X) on a persistent downtrend this month after China took steps to crack down on virtual-currency trading

Bitcoin: USD/BTC (BTC=X) on a persistent downtrend this month after China took steps to crack down on virtual-currency trading

Bitcoin: USD/BTC (BTC=X) on a persistent downtrend this month after China took steps to crack down on virtual-currency trading Even though Bitcoin is on pace to post its worst month this year, technical signals show its recent downturn could be coming to an end. Over the weekend, Bitcoin retested its initial May gap that preceded […]

United States Oil (USO) hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices

United States Oil (USO)   hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices

United States Oil (USO) hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices Oil eased on Wednesday following an industry report showing a surprise build in U.S. crude stockpiles, but hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a […]

United States Oil (USO) prices steady as U.S.-China trade deal talks seek breakthrough

United States Oil (USO) prices steady as U.S.-China trade deal talks seek breakthrough

United States Oil (USO) prices steady as U.S.-China trade deal talks seek breakthrough Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree on ending their trade war. Brent crude futures […]

Gold 1 OZ (XAU=X) investors eyeing consumer confidence and on U.S.-China trade talks

Gold 1 OZ (XAU=X) investors  eyeing consumer confidence and on U.S.-China trade talks

Gold 1 OZ (XAU=X) investors eyeing consumer confidence and on U.S.-China trade talks Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery (GCZ19) on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December […]

Dow Jones Industrial Average (.DJI) close at records on positive expectations around U.S.-China trade

Dow Jones Industrial Average (.DJI) close at records on positive expectations around U.S.-China trade

Dow Jones Industrial Average (.DJI) close at records on positive expectations around U.S.-China trade Major U.S. stock-market benchmarks ended Monday’s session at records as investors remained attuned to developments in the U.S.-China trade relationship and cheered a wave of merger activity. How did the major benchmarks fare? The Dow Jones Industrial Average (DJIA) advanced 190.85 […]

Positive US-China trade vibes are propelling Shanghai: SSE Composite Index (.SSEC) market higher

Positive US-China trade vibes are propelling Shanghai: SSE Composite Index (.SSEC)  market higher

Positive US-China trade vibes are propelling Shanghai: SSE Composite Index (.SSEC) market higher Asian stocks advanced Monday, boosted by positive signals about a potential US-China trade deal. Hong Kong’s Hang Seng Index opened up 1.1% and widened the gains to 1.9% in early trading. It’s the top performer so far among major indexes in the […]

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading The price of bitcoin (BTCUSD)  was last around $6,850, according to Coindesk, after slumping about 24% over the past month. In June, the leading cryprocurrency topped $9,000 for the first time in more than a […]

Asian markets rise on fresh optimism over the long-running China-US trade talks

Asian markets rise on fresh optimism over the long-running China-US trade talks

Asian markets rose Monday on fresh optimism over the long-running China-US trade talks after Beijing offered an olive branch on the key issue of intellectual property, while Donald Trump hailed progress on the agreement. Hong Kong stocks led the regional advance with pro-democracy parties on course for a landslide in local elections that could put […]

Commentary: Dragging down China with Turmoil in Hong Kong is an Illusion

Commentary: Dragging down China with Turmoil in Hong Kong is an Illusion

Despite Beijing’s strong and repeated opposition, the US Senate last Tuesday passed the so-called Hong Kong Human Rights and Democracy Act of 2019. By passing the bill, the Senate has not only shown indifference to the chaotic situation on the ground and the need to end violence and restore order, but also tried to embolden […]

China Wants a Trade Deal, Invites US Negotiators to Beijing…

China Wants a Trade Deal, Invites US Negotiators to Beijing…

China has invited Top US trade negotiators for a new round of face-to-face talks in Beijing in its continued efforts to strike a limited deal, the Wall Street Journal reported Thursday. The report said Chinese Vice Premier Liu He invited US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin for a meeting in Beijing, […]

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift The Australian Dollar was on the front foot against its major rivals as currency markets reacted to words of optimism from China on ongoing trade talks with the U.S., while investor sentiment was further boosted by minutes from the latest Federal Reserve (Fed) […]

NASDAQ Composite (.IXIC) falls on concerns about US-China trade deal progress

NASDAQ Composite (.IXIC) falls on concerns about US-China trade deal progress

NASDAQ Composite (.IXIC) falls on concerns about US-China trade deal progress Wall Street’s main indexes ended Wednesday’s session lower on concerns that a “phase one” trade deal between Washington and Beijing may not be completed this year, while minutes from the Federal Reserve’s October policy meeting appeared to offer little help. The Fed minutes offered […]

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal

Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal The Australian Dollar is trading lower on Wednesday. The pressure is coming from renewed concerns over a U.S.-China trade deal, a stronger U.S. Dollar and dovish Reserve Bank minutes. Traders are worried that negotiations between the two economic powerhouses have […]

United States Oil (USO) Prices Tumble Amid US-China Trade Uncertainty

United States Oil (USO) Prices Tumble Amid US-China Trade Uncertainty

United States Oil (USO) Prices Tumble Amid US-China Trade Uncertainty Oil prices tumbled Tuesday as lingering questions over the US-China trade talks weighed on sentiment on a mixed day for global equity markets. Both US benchmark West Texas Intermediate and London’s Brent oil fell sharply on signs Beijing and Washington may be drifting further apart […]

Hong Kong: HANG SENG INDEX (.HSI) Gains Capped by US-China Trade Worries

Hong Kong: HANG SENG INDEX (.HSI) Gains Capped by US-China Trade Worries

Hong Kong: HANG SENG INDEX (.HSI) Gains Capped by US-China Trade Worries The major Asia Pacific stock indexes closed mixed on Tuesday, but mostly higher as investors appeared to shrug off concerns over the progress of U.S.-China trade negotiations. Shares in Hong Kong continued to gain back last week’s losses amid optimism over fresh government […]

DAX PERFORMANCE-INDEX (.GDAXI) uncertainty about a potential U.S.-China trade deal weighs on sentiment

DAX PERFORMANCE-INDEX (.GDAXI) uncertainty about a potential U.S.-China trade deal weighs on sentiment

DAX PERFORMANCE-INDEX (.GDAXI) uncertainty about a potential U.S.-China trade deal weighs on sentiment German stocks are notably lower Wednesday morning, as uncertainty about a potential U.S.-China trade deal weighed on sentiment and forced investors to indulge in some selling. The U.S. President Donald Trump on Tuesday threatened higher tariffs on Chinese goods if a trade […]

Hong Kong: HANG SENG INDEX (.HSI) Index to underperform China-linked equity benchmarks next year

Hong Kong: HANG SENG INDEX (.HSI) Index to underperform China-linked equity benchmarks next year

Hong Kong: HANG SENG INDEX (.HSI) Index to underperform China-linked equity benchmarks next year Hong Kong’s Hang Seng Index is likely to underperform any other key gauge tracking China’s onshore and offshore stocks in 2020, as the fallout from the months-long political unrest hits growth and corporate earnings, according to Morgan Stanley. The benchmark of […]

UK FTSE 100 (.FTSE) rallies on election hopes and China stimulus

UK FTSE 100 (.FTSE) rallies on election hopes and China stimulus

UK FTSE 100 (.FTSE) rallies on election hopes and China stimulus Election hopes continued to support UK shares as the FTSE 100 rallied, helped by safety technology company Halma (HLMA) soaring to the top of the index. The blue-chip index jumped 96 points, or 1.3%, to trade at 7,403 as prime minister Boris Johnson and […]

Euro: USD/EUR (EUR=X) Exchange Rate Flat, ‘Clock Ticking’ for US-China Trade Deal

Euro: USD/EUR (EUR=X) Exchange Rate Flat, ‘Clock Ticking’ for US-China Trade Deal

Euro: USD/EUR (EUR=X) Exchange Rate Flat, ‘Clock Ticking’ for US-China Trade Deal The Euro US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently trading around $1.106 after investors have become increasingly cautious due to a lack of progress on the US-China trade front. Robert Carnell Chief Economist and Head of Research at […]

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front Gold futures settled higher on Tuesday, giving up earlier losses as weakness in U.S. Treasury yields helped to lift prices for the precious metal for a second session in a row. Still, gold found little reason to make a big move higher […]

President Trump,”US Will Hike Tariffs on China Without Trade Deal”

President Trump,”US Will Hike Tariffs on China Without Trade Deal”

The United States will raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade dispute, President Trump said Tuesday, threatening an escalation of the action that has damaged economic growth of the world’s 2nd largest economy severely. Speaking at a cabinet meeting at the White House, President Trump said […]

United States Oil (USO) Prices Amid U.S.-China Trade Jitters

United States Oil (USO) Prices Amid U.S.-China Trade Jitters

United States Oil (USO) Prices Amid U.S.-China Trade Jitters Officials in China are troubled by U.S. President Donald Trump’s comment that there was no agreement on phasing out tariffs, according to the report. U.S. Crude Oil WTI Futures dropped 0.2% to $57.03 by 12:13 AM ET (04:13 GMT), while International Brent Oil Futures slipped 0.1% […]

NASDAQ Composite (.IXIC) dip on China deal doubts

NASDAQ Composite (.IXIC) dip on China deal doubts

NASDAQ Composite (.IXIC) dip on China deal doubts Wall Street stocks mostly dipped early Monday as fresh skepticism over US-China trade talks weighed on hopes for a near-term resolution to the grinding conflict. Analysts cited reports that Chinese officials are intent on staking a “phase one” US-China trade deal on the removal of some tariffs, […]

NASDAQ Composite (.IXIC) stocks climb to fresh records on revived hope for U.S. – China trade deal

NASDAQ Composite (.IXIC) stocks climb to fresh records on revived hope for U.S. – China trade deal

NASDAQ Composite (.IXIC) stocks climb to fresh records on revived hope for U.S. – China trade deal U.S. stocks closed at fresh record highs on Friday on revived hopes for a U.S. – China trade deal despite mixed economic data. The Dow hit 28,000 for the first time after posting a fourth straight week of […]

Dow Jones Industrial Average (.DJI) Climb on U.S.-China Trade Developments

Dow Jones Industrial Average (.DJI) Climb on U.S.-China Trade Developments

Dow Jones Industrial Average (.DJI) Climb on U.S.-China Trade Developments U.S. stocks advanced to fresh record highs to close the week. White House economic advisor Larry Kudlow noted that “short strokes” on a trade deal with China are close to completion and that “the mood music is pretty good” when it comes to finally getting […]

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations Gold futures finished a volatile week with a slightly better close, but the precious metal/investment/safe-haven asset, continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations late […]

US-China Trade Deal Hopes “whet risk appetite,” Gold Falls

US-China Trade Deal Hopes “whet risk appetite,” Gold Falls

$SPY, $GLD, $XAU Gold prices fell Friday as risk appetite was whetted by comments from White House economic adviser Larry Kudlow that the United States is nearing an interim trade pact with China. Spot gold (XAU) was down 0.5% at $1,464.17 oz, as of 0754 GMT, but was set to rise about 0.4% this week, […]

Commentary: BRICS Summit, China Hopes to Usher in ‘Golden Decade’ for Cooperation

Commentary: BRICS Summit, China Hopes to Usher in ‘Golden Decade’ for Cooperation

The 11th BRICS Summit taking place in Brazil on 13-14 November mission is to to usher in a 2nd “Golden Decade” for more fruitful cooperation of the emerging-market group. The past 10 years since its first summit in Russia are suitably dubbed a “Golden Decade” for BRICS, which was originally made up of Brazil, Russia, […]

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