Trade advisor Navarro says no plans for investment restrictions on China, other countries
Peter Navarro, one of President Donald Trump’s top trade advisors, said the market was overreacting to fears the administration would restrict foreign investment as part of its trade actions against China and other countries. Navarro told CNBC that the administration...
Trump’s tariffs on auto imports will hurt entire industry — including General Motors, Ford: Moody’s
The proposed U.S. tariffs on car imports will have far reaching negative implications for the whole auto industry, according to Moody’s Investors Service. The research firm said higher tariffs will cause problems across the car industry’s global supply chain. “Tariffs...
Gold Starts Week with Losses as Tariff Spat Continues
Gold is has posted slight losses in the Monday session. In North American trade, the spot price for one ounce of gold is $1266.80 down 0.26% on the day. It’s a quiet start to the week, with only one event....
British Pound Subdued on Lack of Fundamentals
The British pound is unchanged in the Monday session. In North American trade, GBP/USD is trading at 1.3272, up 0.05% on the day. On the release front, there are no British events and only one U.S indicator. New Home Sales...
Treasury Secretary Mnuchin says investment restrictions will apply to ‘all countries that are trying to steal our technology’
Treasury Secretary Steven Mnuchin said Monday that a forthcoming statement from the government related to reports of investment restrictions will apply to China and other countries that threaten U.S. intellectual property rights on technology. “On behalf of @realDonaldTrump, the stories...
US new home sales surge in May
Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years. The Commerce Department said on Monday new home sales jumped 6.7 percent to a...
Canadian Dollar Ticks Lower
The Canadian dollar is slightly lower in the Monday session. Currently, USD/CAD is trading at 1.3291, up 0.19% on the day. On the release front, there are no Canadian releases until Thursday. In the U.S, New Home Sales is expected...
Majority of Americans approve of Trump’s handling of the economy for the first time: CNBC survey
For the first time since President Donald Trump took office, the CNBC All-America Economic Survey shows more than half the public approving his handling of the economy, and it appears to be having some impact on his overall job approval...
Microsoft given buy rating because of cloud computing growth
Microsoft’s transition into cloud-based technology opens up new, lucrative markets for the software giant, according to Atlantic Equities, which assumed coverage Monday at overweight. The company’s recent organizational changes to better capitalize on its cloud computing business – known as...
Euro Lifted as German Ifo Marginally Beat Expectation, But Yen Still the Strongest on Trade Threats
Yen remains the strongest one for the day, as risk aversion dominates. Commodity currencies, Australia, New Zealand and Canadian Dollar remain the weakest. But some additional strength is seen in Euro as German Ifo business confidence came is not too...
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