Optimism on China trade talks drives U.S. stocks higher
This morning at least a tweet from President Donald Trump is the most important factor moving U.S. stocks higher. In his tweet President Trump said he had had a productive conversation with Chinese President Xi Jinping on trade. Â "Those discussions are moving along...
China’s economy slows; China’s stocks gain
It's only confusing if you don't know the relationship between growth in the Chinese economy and gains in the Chinese stock market. News overnight on Monday had the official purchasing managers’ index (PMI) dropping down to 50.2 in October, the lowest since July 2016...
Rally shifts into reverse as Trump administration announces more U.S. tariffs on Chinese exports likely on the way
Monday, October 29, started off with a technology-led rally. As of 10:04 a.m. New York time the Standard & Poor's 500 was up 1.81% and the technology-heavy NASDAQ Composite was higher by 1.75%. And then Bloomberg reported that the Trump administration was...
Autoliv shares move up as future outweighs past
Before the market open today, Autoliv (ALV) delivered disappointing earnings for the third quarter. But the stock still climbed on news that China is considering cutting the tax on car purchases to 5% from 10% in an effort to stimulate the country's auto market at a...
Nothing but bad news–and S&P 500 still sinks only 0.55%
Red, red, red everywhere today. Caterpillar (CAT) and 3M (((MMM) disappointed on guidance. China and Europe sold off. As did the financial sector with the Financial Select Sector SPDR ETF (XLF) falling 0.77% to $25.90 to break or at least test support. And, then, as...
U.S. stocks gently slide but VIX “fear index” continues retreat
If the market were inclined to sell off today, it could have found plenty of reasons. Under the heading of one-off scary stuff, I'd put:Â Continued tensions between the Saudis and just about everyone else over allegations--which look to be true--that the Saudi...
U.S. trade deficit climbs in August; record deficit with China and Mexico
The U.S. trade deficit in goods and services widened in August by 6.4% to $53.2 billion from $50 billion in July. That's the biggest trade deficit in six months. The trade deficit with China rose to a record $38.6 billion from $36.8 billion in July. The trade deficit...
Wall Street sees a Trump administration trade strategy: Let’s all gang up on China
Today Wall Street and trade analysts are saying that they see a grand strategy in the U.S.-Mexico-Canada trade deal announced yesterday, in the trade deal with South Korea, and in negotiations with Japan and the European Union. The goal, this analysis says, is to put...
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...
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...Jim’s Stock Alerts
Download Jim’s eBook for Free
