Tariffs Support U.S Dollar
Thursday August 23: Five things the markets are talking about The U.S dollar has rallied for the first time in six-sessions as the markets waits for rhetoric from Jackson Hole where a meeting of global central bankers begins this evening....
US economy is expected to slow, damaged by Trump’s trade war: Poll
U.S. economic growth will slow steadily in coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists, who expect President Donald Trump’s trade war to inflict damage. Boosted in part by $1.5 trillion of...
Australian Dollar Plunges on Political Turmoil, Dollar Higher as Tariffs on China Kicks In
Political turmoil in Australia takes the headline over from the US as the Aussie dives broadly today. While two former aides of Trump are likely going to jail soon, special prosecutor Robert Mueller’s investigation will take long to complete. However,...
FOMC to Continue Rate Hike Despite Trump’s Criticism
The minutes for the July FOMC meeting affirmed that the policy rate is prone to increase in September, notwithstanding Trump’s pressure. The members remained upbeat over the economic growth outlook but warned on downside risk due to intensifying trade tensions....
Stocks making the biggest moves after hours: JWN, WSM and more
Check out the companies making headlines after the bell on Wednesday: Synopsys rallied more than 4 percent after the closing bell after the company reported earnings and revenue that topped Wall Street’s expectations. The company, which derives more than half...
Auto stocks drop globally on weak outlook from German tire maker, Trump threat
A fresh profit warning from the world’s second-largest automotive parts supplier is pressuring a number of auto-related stocks across Europe and the U.S. Germany-based Continental AG cut its 2018 revenue outlook — pointing to weak car sales in Europe and...
Fed officials worry that the trade war poses the biggest threat to ‘strong’ economy
Federal Reserve officials see ongoing global trade tensions as the biggest threat to otherwise strong U.S. economic growth, according to an account of the central bank’s most recent meeting. Minutes from the July 31-Aug. 1 Federal Open Market Committee gathering...
Kudlow on why the stock market is ignoring Cohen, Manafort news: ‘The economy’s everything’
Chief White House economic advisor Larry Kudlow said Wednesday that a thriving economy is allowing markets to continue to perform well amid the barrage of seemingly damaging political headlines. The bull market on Wall Street set history this week when...
Gold on Sidelines as Markets Eye Fed Minutes
Gold is unchanged in the Wednesday session. In North American trade, the spot price for one ounce of gold is $1196.40, down 0.02% on the day. On the release front, Existing Homes dropped to 5.34 million, short of the estimate...
ECB Minutes to Halt the Euro’s Advancing?
The official record of the European Central Bank’s July meeting will be made public on Thursday at 1130 GMT. This comes less than twenty-four hours after the Federal Reserve releases its own minutes pertaining to its latest meeting. A stark...
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