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...
President Trump announces 10% tariffs on another $200 billion in Chinese goods
Global financial markets spent most of the day waiting for the shoe to drop. And shortly after 6 p.m. Washington time it did. President Donald Trump announced a 10% tariff on an additional $200 billion in Chinese exports to the United States. Those tariffs will go...
It was a He said; Xi said market today
For much of today U.S. stocks were locked in a slightly negative range as investors and traders vacillated from fears that the Trump administration would impose a new set of tariffs on $200 billion in Chinese goods and the hope that Chinese leader Xi Jinping would...
Saturday Night Quarterback says, For the week ahead expect…
...U.S. stocks to move in lockstep with news from the U.S.-China tariff war. As the last week emphatically demonstrated, right now U.S. stocks go up on days when there's news that suggests the two sides will resolve their conflict short of an all out war. This past...
Stocks rally on Wall Street Journal report that U.S. has proposed another round of trade talks with China
Pay close attention. The Wall Street Journal is reporting that the United States "is said" to propose another round of trade talks with China. Thats not "There will be trade talk" or "China has accepted a U.S. proposal" or even "The United States has proposed" new...
What if China actually welcomes the Trump administration’s tariffs?
China trade hardliners in the Trump administration, such as advisor Peter Navarro, have predicated their tariff campaign against China on the theory that hiking tariffs on more than $500 billion in Chinese exports to the United States (as proposed at the moment) will...
White House talk of tariffs on an additional $267 billion in Chinese goods ends “breather day”
Markets started off today as if they were determined to take a breather from a week of worry that the emerging markets crisis was about to spread to developed markets. In morning trading the Standard & Poor's 500, the NASDAQ Composite, and the iShares MSCI...
White House lines up another $200 billion in China tariffs for next week
Just in case you were worried that the days after the Labor Day market holiday might be boring, well, worry no more. Sources in the White House are saying that President Donald Trump plans to move on tariffs on an additional $200 billion in Chinese imports quickly...Jim’s Stock Alerts
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