I’m adding Banco Santander Mexico to my Volatility Portfolio on NAFTA deal
I'm moving Mexico and Banco Santander Mexico (BSMX) up from "buy later"--after more of an emerging market bounce from China and South Africa--to a "buy now" on the basis of the announcement on Monday, October 1, of a new trade agreement between the United States,...
China’s economy continued to slow in September so Shanghai stocks moved up
On Saturday the Chinese government and private surveys released more numbers showing that the country's economy was slowing. In September growth in China's manufacturing sector stalled after 15 months of expansion, according to the Caixin/Market Manufacturing...
Bad news on U.S. exports and trade deficit starts to bring down GDP forecasts
The U.S. trade deficit in goods grew in August to $75.8 billion, the widest in six months, as exports of food, industrial supplies and autos declined, the Commerce Department reported today. In addition imports of autos and consumer goods increased in the month. A...
U.S.-China trade war expands beyond tariffs
This morning in a speech before a session of the United Nations Security Council that he hosted President Donald Trump charged that China is attempting to interfere in the 2018 midterm congressional elections and alleged Beijing seeks to help his opponents. The...
New U.S., China tariffs kick in; talks officially dead
Two more shoes dropped today--or actually overnight--in the U.S.-China trade war. The big question at this point is How many total shoes there might be still to drop? Are we dealing with a centipede here? At midnight last night, Washington time, the latest round of...
Non-tariff barriers start to hit U.S. companies in China
A survey by investment companies AmCham China and AmCham Shanghai found that 52.1% of U.S. companies operating in China have seen an increase in non-tariff barriers to their business operations. The biggest problems reported were increased inspections (27.1%), slower...
U.S. slaps penalties on Chinese military for doing business with sanctioned Russian company
Did you see this coming? I certainly didn't. You might call it "doubling down with a vengeance." I'm sure officials in Beijing see it that way. Yesterday, Thursday, September 20, the United States announced sanctions on China’s Equipment Development Department, the...
Now who’s worried about a trade war? Certainly not buyers of U.S. stocks today
Today the Standard & Poor's 500 stock index and the Dow Jones Industrial Average both hit record highs. The NASDAQ Composite was up 0.99% as of 2 p.m. New York time. The iShares MSCI Emerging Markets ETF (EEM) advanced 0.95%. West Texas Intermediate crude was off...
China says it won’t intentionally devalue yuan in response to U.S. tariffs
Just hours after the Trump administration announced 10% tariffs on an additional $200 billion in Chinese exports, Chinese Premier Li Keqiang said the nation wouldn’t devalue its currency in order to make its exports more competitive. Which, of course, doesn't mean the...
China cut buying of U.S. Treasuries in July–but what’s happening now?
Talk about frustratingly lagging data. China’s holdings of U.S. Treasuries fell to a six-month low in July, according to the latest data from the Treasury Department released today. The first found of U.S. tariffs went into effect on July 6. China’s ownership of U.S....
Stocks rise on “It could have been worse” reaction to new U.S. tariffs on China
A day after the Trump administration announced 10% tariffs on an additional $200 billion in Chinese exports to the United States, stocks are up on a "It could have been worse" reaction. At 12:30 p.m. New York time the Standard & Poor's 500 stock index was ahead...Jim’s Stock Alerts
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