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Day: July 7, 2018

US, European and Asian Markets Reacted Differently to Start of US-China Trade War

The global markets reacted rather differently as the US-China trade war formally started while there were only signs of further escalations. Over the week, NASDAQ was a star performer and rose 2.37% to 7510.30. S&P 500 rose in tandem by 1.52% to 2759.82. DOW lagged behind but also managed to gain 0.76% to 24456.48. Over …

US, European and Asian Markets Reacted Differently to Start of US-China Trade WarRead More

Weekly Economic and Financial Commentary: All Signs Point to Stronger Second Quarter GDP Growth

U.S. Review All Signs Point to Stronger Second Quarter GDP Growth Employers added 213,000 new jobs in June. The unemployment rate ticked up to 4.0 percent on an increase in labor force participation. Average hourly earnings grew 0.2 percent in June and are up 2.7 percent year-over-year. Manufacturing activity remained strong in June, as the …

Weekly Economic and Financial Commentary: All Signs Point to Stronger Second Quarter GDP GrowthRead More

The Weekly Bottom Line: China Tariffs Likely to Impede Economic Momentum

U.S. Highlights A holiday-shortened week was nevertheless chock-full of data releases that confirmed the U.S. economy continues to expand at a strong above-trend pace. Economic activity remains robust, but there are signs that trade uncertainty may be impeding further improvement. Tariffs on $34 billion in goods from China, and on U.S. goods to China, take …

The Weekly Bottom Line: China Tariffs Likely to Impede Economic MomentumRead More

Tariffs create uncertainty in the automotive industry, says former Toyota exec

The Trump administration’s tariffs might hurt the car and truck industry more than help, auto industry veteran Jim Press told CNBC. “The reality is that tariffs normally don’t go away once they’re enacted,” Jim Press said on “Closing Bell” Friday. “It’s not a negotiating tactic. And it causes a great deal of uncertainty in investment …

Tariffs create uncertainty in the automotive industry, says former Toyota execRead More

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