Author Archives: Louise Lewis

Dow Jones up over 200 points

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Dow futures climbed over 200 points early Wednesday after comments by President Donald Trump and bail for a jailed Huawei Technologies Co. executive revived optimism over trade negotiations between the U.S. and China. Dow Jones Industrial Average futures YMZ8, +0.71%  shot up close to 200 points, or 0.8%, to 24,611, S&P 500 ESZ8, +0.76%  jump to 20.80 points, or 0.8%, to 2,662. Nasdaq NQZ8, +1.00%  futures are up 70 ...

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Asia stocks decline after China reports weak trade data;

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Stocks in Asia have fallen on Monday following significantly weaker-than-expected Chinese trade data released over the weekend. The Shanghai composite declined by 0.82 percent to close at about 2,584.58 while the Shenzhen composite shed 1.345 percent to finish the trading day at around 1,332.53. Hong Kong’s Hang Seng index fell 1.22 percent during its final hour of trade as Hong Kong-listed shares of China Construction ...

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The Nasdaq eked out a small gain

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News of the arrest of Huawei CFO Meng Wanzhou in Canada serves as a fresh reminder that the United States and China remain in a trade war, despite the ceasefire reached last weekend in Argentina. Dow plummeting as much as 785 points on Thursday before the index staged a huge comeback. The Dow closed the day down just 79 points. The Nasdaq eked out a ...

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U.S. stock futures fall, Asia follows after Canada arrests Huawei CFO

stock market

U.S. stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, fanning fears of a fresh flareup in tensions between the two superpowers. The news came as Washington and Beijing begin three months of negotiations aimed at de-escalating their bruising trade war, which is ...

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This Chinese government-backed company to launch a stablecoin

Grand Shores Technology a Chinese Company is developing a new stablecoin, which is about to hit the market by February 2019. The company is fund backed up by the Chinese government of Hangzhou, which is the capital of the Zhejiang Province. Li Xiaolai has been appointed as executive director and co-CEO of the company. Known in China as a “bitcoin evangelist,” ...

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Stocks retreat as falling U.S. yields, trade worries sour mood

stock markets brokers watch

Asian stocks slid across the board on Wednesday, dragged down by Wall Street’s tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth. Spreadbetters expected European stocks to open lower, with Britain’s FTSE .FTSE losing 0.9 percent, Germany’s DAX .GDAXI falling 1.2 percent and France’s CAC .FCHIretreating 1 percent. Global equities have been shaken ...

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Forex – Dollar Lower as U.S.-China Trade Truce Spurs Risk Rally

forex markets

Investing.com – The dollar was broadly lower against a currency basket on Monday after the U.S. and China pulled back from escalating their trade war, sending investors into risk-on mode and dampening safe haven demand for the U.S. currency. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.51% to 96.69 by ...

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Trade war truce triggers surge in European shares

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LONDON (Reuters) – Miners, autos, tech, and oil stocks all surged on Monday, driving Europe’s main benchmarks up strongly after U.S. and Chinese leaders agreed a temporary truce in an ongoing trade war which has roiled global financial markets. Germany’s DAX (GDAXI) – the most sensitive to China and trade war fears – led the way with a 2.5 percent ...

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Asian shares wobble before Trump-Xi meeting

Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a heated trade war over the next year. MSCI’s broadest index of Asia-Pacific shares outside Japan wobbled between positive and negative territory in early trade, as more evidence of a slowdown in China ...

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Stocks rise, dollar sags on signs of more cautious Fed

stock markets

Asian stocks rose on Thursday, tracking gains on Wall Street, after the chairman of the U.S. Federal Reserve suggested it may nearing an end to its three-year rate tightening cycle, boosting interest in riskier assets. Spreadbetters expected European stocks to open higher, with Britain’s FTSE rising 0.5 percent, Germany’s DAX adding 0.6 percent and France’s CAC gaining 0.65 percent. The dollar and U.S. Treasury yields fell ...

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