While House Instability and Intensification of Protectionsim Hurt Markets

Posted March 14th, 2018 by buck32o98924 and filed in General News

Several reasons causing the volatility in the financial market: Trump’s firing of Secretary of State Rex Tillerson, his potential tariffs on up to US$60B of Chinese imports, mainly targeting the technology and telecommunications sector and his blocking of Broadcom’s Qualcomm takeover. While the first has raised concerns over political instability within the While House would delay implementation of pro-growth policies…

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While House Instability and Intensification of Protectionsim Hurt Markets

Stocks in Consolidation after Strong Rally. US CPI in Focus

Posted March 13th, 2018 by Tamie1470qbqy and filed in General News

Stock market was in consolidative mode following the strong rally as a result of the strong US nonfarm payrolls data. Shares in Asia were modestly lower, carrying forward the sentiment in the Wall Street with the DJIA and S&P 500 indices +0.62% and -0.13% lower, respectively. US dollar weakened against the major currencies.

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Stocks in Consolidation after Strong Rally. US CPI in Focus

Trump Imposes Metal Tariffs but Some Countries Exempted. ECB Removed Easing Bias

Posted March 9th, 2018 by BlytheDhakiyarr and filed in General News

US President Donald Trump formally signed orders to impose tariff on steel and aluminium imports. Financial markets, however, strengthened as several countries, including Canada and Mexico, and Australia, US military partner and one of the few countries that US is running trade surplus with, are exempted. Asian equities firmed, carrying forward the upbeat sentiment of Wall Street.

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Trump Imposes Metal Tariffs but Some Countries Exempted. ECB Removed Easing Bias

Cohn’s Departure Reveals Trump Determination to Impose Tariff? BOC More Cautious over Trade Relations with US

Posted March 8th, 2018 by LucaEdelson33 and filed in General News

Resignation of Trump’s chief economic advisor Gary Cohn might signal that the President is determined to impose the metal tariffs. Traders remained cautious as the situation continues to evolve. Risk appetite soured a bit. Wall Street dropped with the DJIA and S&P 500 indices losing -0.33% and -0.05% respectively. Treasury yields were largely unchanged at close.

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Cohn’s Departure Reveals Trump Determination to Impose Tariff? BOC More Cautious over Trade Relations with US

Risk Appetitle Improved as Kim Offers Peace Talk; More Opposition Against Trump’s Tariff Plan

Posted March 7th, 2018 by fgfdeandre and filed in General News

North Korea’s offer to open denuclearization talk, together with easing concerns over US’ trade barriers, lifted risk appetite. On the FX market, US dollar fell across major currencies with the DXY index losing -0.51% for the day. New Zealand dollar and Australian dollar were the best performers, soaring +0.86% and +0.85% against the greenback.

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Risk Appetitle Improved as Kim Offers Peace Talk; More Opposition Against Trump’s Tariff Plan

Sentiment Improved as Some Republican Lawmakers Urged to Avoid Trade War. RBA Left Cash Rate at 1.5%, As Widely Expected

Posted March 6th, 2018 by ErrolLandale and filed in General News

Investors appeared to have shown some signs of relief amidst internal division of US President Donald Trump’s proposed imposition of metal tariff. Risk appetite reemerged. Wall Street rose for the first time in 5 days with the DJIA and S&P 500 indices gaining +1.37% and +1.1% for the day. Treasury yields were mixed. While 2-year yields stayed flat at 2.24%, 10-year yields climbed higher to 2.883% from +2.88% from the prior day.

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Sentiment Improved as Some Republican Lawmakers Urged to Avoid Trade War. RBA Left Cash Rate at 1.5%, As Widely Expected

Risk Aversion Lingers as Trade War Looms

Posted March 5th, 2018 by SGCLuca571038 and filed in General News

Market sentiment is continued to be weighed down by the imminent trade war initiated US president Donald Trump. Last week, he announced that he could sign orders to raise tariff on steel and aluminum imports in as soon as this week. Canada would be one of the biggest “victims” as it exports about 90% of steel to the US, whilst accounts for 41% of US aluminum.

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Risk Aversion Lingers as Trade War Looms

Sentiment Soured as Trump Seeks to Impose Tariff on Steel and Platinum Imports

Posted March 2nd, 2018 by betteh2091920 and filed in General News

Financial markets maintained the risk-off mode after US President Donald Trump announced that he would impose tariff on steel and aluminum imports next week. Risk assets including equities and commodities dropped. Wall Street declined with DJIA and S&P 500 indices losing -1.68% and -1.33% respectively. In the commodity sector, crude oil prices remained pressured with the front-month WTI and Brent contracts sliding -1.05% and -2.96% respectively.

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Sentiment Soured as Trump Seeks to Impose Tariff on Steel and Platinum Imports

British Pound Plunged on Brexit Impasse; Crude Oil Slumped with US Output on Par with Saudi

Posted March 1st, 2018 by IvaBeale1761346 and filed in General News

While the market is awaiting another leg of Fed Chair Powell’s testimony and US PCE data, intensification of Brexit tensions weighed on British pound, sending the currency more than -1 % lower against US dollar. UK PM Theresa May reportedly dismissed the Irish border arrangement lain down in the draft text by the Euroepan Council. The EU summit scheduled on March 22 is closely watched.

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British Pound Plunged on Brexit Impasse; Crude Oil Slumped with US Output on Par with Saudi

Powell’s Upbeat Comments on US Growth Intensified Rate Hike Hopes

Posted February 28th, 2018 by JeremyCockrell and filed in General News

Fed Chair Jerome Powell’s first Congressional testimony, before the House Finance Services Committee, turned out more hawkish than expected. His upbeat assessment on the economic growth outlook and the mention of an “overheated” economy have intensified speculations of three or more rate hikes this year. Equities pulled back with DJIA and S&P 500 indices slipping -1.16% and -1.27% respectively.

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Powell’s Upbeat Comments on US Growth Intensified Rate Hike Hopes