Stocks Climbed After Trump Postponed The Dates For Boosting Tariffs
President Trump delays his deadline to increase tariffs on Chinese Goods as his administration continues the efforts to persuade Beijing to make structural changes to its economy. In a tweet posted on Sunday evening, Trump said that he would delay a Friday deadline to increase tariffs on Chinese imports, worth
Rise In Market Should Not Be Confused With Optimism
S&P 500 reached its highest point on Monday, since early November, while getting back from all the December’s distress. The predictors said that the period of sustained increases reflects the optimism that the U.S. and China will come to a good agreement on trade after Trump postponed the dates for
A Subtle Message from Powell to Markets
Jerome Powell, Federal Reserve Chairman, says that the United States economy has faced some conflicting signals. Although this is something that he has never stated before, still there is something in this message for the U.S. markets. While explaining the signals, the first thing that he highlighted was the volatility
Glencore to Cap Coal Output in Climate Change
Glencore Plc, the most prominent coal miner in Australia and the world’s largest coal exporter, has bowed to the global anti-coal lobby. Due to the investors’ pressure for action on climate change, the coal giant has decided to cap its international coal output at 2019 levels. Australia’s coal industry is
Fed Minutes Show “It Was Not Yet Clear” What Rate Moves Are Needed In 2019
Federal Reserve is broken into two camps about future interest rates moves, according to the Minutes of Federal Open Market Committee (FOMC), Jan 29-30, 2019. One camp of ‘several’ officials raised a point that rate increase is needed if the inflation outcomes are higher than baseline forecast. However, another camp
European Shares Slip Amid Auto Tariff Worries, Dollars Rises: Markets Wrap
European Shares Slip Amid Auto Tariff Worries, Dollars Rises: Markets Wrap Today, on the outlook of global trade, European shares and the U.S. equity drifted while the Asian shares had a mixed session. The dollar went higher, and treasures were steady. Contracts on Dow Jones, S&P 500, and Nasdaq turned
Shares fall as Oversea-Chinese Banking Corp. Drops, While UOB Misses Estimates
Shares of Oversea Chinese Banking Corp (OCBC) fell 1.7 percent, and United Overseas Bank (UOB) slid 1.9 percent, the biggest decline this year that occurred on the same day. With this, the Singapore Banks are bracing themselves for the newer challenges from slowing economy, and China-U.S. trade tensions. Moreover, after