Another day, another retaliatory tariff
Today the Chinese Commerce Ministry announced 25% tariffs on an additional $16 billion in U.S. exports. The tariffs will go into effect on August 23 and target cars, crude oil, medical instruments, natural gas, and coal along with hundreds of other items.. The tariffs...
China stocks bounce big, but there’s reason to think the recovery won’t stick
Stocks in Hong Kong and Shanghai rallied strongly today, Tuesday August 7, after The China Daily, citing an unidentified official at the National Development and Reform Commission, reported that the government would roll out more policies to improve investor appetite...
Saturday Night Quarterback (on a Monday) says, For the week expect…
...a week with much less surface excitement but a big potential market mover under the radar of most investors and traders. Still lots of earnings announcements this week but we're done with the real exciting news from the likes of Amazon (AMZN), Facebook (FB) and...
A bad day for European currencies
The pound is down today against the dollar on Brexit fears. And the euro is also lower against the U.S. currency on a surprise slump in German economic growth. Not good news for U.S. exports to Europe (which get pricier as the pound and euro fall) or for a global...
Trick or Trend: Will pain of the U.S.-China trade war stay focused on specific victims or spread to fear in the general market?
Our regular (or occasional or perhaps occasionally regular) Friday series ( actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Today,...
Falling Yuan drives proposed U.S. tariff increase on Chinese imports
What's the relationship between the slide in the Chinese yuan--now down 6% since the start of the summer--and the tariff war between the United States and China? The Trump administration clearly believes that the drop in the yuan is a provocation, another example of...
Yuan continues to retreat; dollar continues to climb
The White House will not be amused at the continued trend in the currency markets. Overnight the overseas yuan lost more ground against the dollar. China's currency finished down 0.1% to 6.8890 to the dollar. The yuan had been down as much as 0.8% against the dollar....
U.S. markets shrug at tariff worries but Asia slumps
U.S. markets shrugged off worries about a more serious U.S.-China tariff war after the Trump administration said it would push ahead with plans to impose 25% tariffs on an additional $200 billion in Chinese imports. That rate is up from an earlier proposal for a 10%...Negotiating ploy or serious plan: Trump administration signals go ahead with tariffs on another $200 billion in Chinese goods
On Wednesday President Donald Trump ordered the administration's trade office to consider imposing a 25% tariff on $200 billion in Chinese goods imported into the United States. The previous tariff proposal from the White House would have imposed a 10% tariff. Today...
Stocks bounce higher on news China and U.S. are talking about talking
Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are talking about ways to resume the suspended talks on tariffs and trade. There is, so far, no timetable for restarting the talks and there isn't agreement on a list of issues...
Saturday Night Quarterback says, For the week ahead expect…
... much less earnings drama now that Facebook (FB), Amazon (AMZN), Netflix (NFLX) and other big tech market leaders have reported. But next week has a bumper crop of earnings reports scheduled with many of them in the important industrial sector where the effects of...Jim’s Stock Alerts
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