Global rally after Trump imposes deadline on China over trade
15 Mai, 2019, 10:55 | Auteur: Auguste Feret
On May 10, the South China Morning Post published a report, "Will China use its US$1.2 trillion of United States debt as firepower to fight the trade war?" speculating that China might have potential leverage against the USA after President Donald Trump levied 25 percent tariffs on a total of now $250 billion of Chinese goods.
The S&P 500 Index increased 1.2% as of 11:45 a.m. "So they hold onto any small sign of better relations between US and China", Hooper said.
Also, Trump said he had a feeling talks with China will be "very successful" and that he meant to meet his Chinese counterpart Xi Jinping at next month's G20 summit. The offshore yuan - a key risk indicator due to concern China will use it to retaliate against USA tariffs - stabilised after a six-day decline. This makes the country's exports to the USA cheaper, and helps boost global market share. On Monday, all three major USA benchmarks dropped more than two per cent - only the second time this year that's happened - after China targeted some of the biggest US exporters in response to American tariffs. The president sprinkled his criticisms of China over the last 48 hours with enough signals that negotiations have not completely broken down that traders rushed back into the beaten down market to find bargains.
That is why President Donald Trump should not only tell China to "bring it on" when it comes to dumping treasuries, he might also consider having the U.S. Treasury label China a currency manipulator and bar it from purchasing any more treasuries. In new developments, Trump called on the Federal Reserve to "match" what he said China would do to offset economic hardship being caused by tariffs.
Here are some notable events coming up this week: Earnings this week include Alibaba, Tencent, Cisco, Nvidia.
Kansas City Fed President Esther George and Richmond Fed President Thomas Barkin make appearances.
China industrial production and retail sales are slated for Wednesday, same day as US retail sales and industrial production.
Australian unemployment is out on Thursday. West Texas crude rose above US$61 (S$84.5) a barrel.
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The Wildcats are a No 14 seed and will open the tourney following the Illinois-Virginia Tech contest in the opener at noon. It marks the fourth consecutive season Kentucky has been selected as a host sight in the opening round.
London stocks gained 0.9 percent in late morning deals. while Frankfurt won 0.5 percent and Paris rallied 1.1 percent in early afternoon trade.
The MSCI Asia Pacific Index declined 0.9%.
The MSCI Emerging Market Index decreased 1.7%. Without treasuries to fall back on, the yuan could appreciate vis a vis the dollar, even with the fixed exchange rate.
The euro bought $1.1203, little changed. Currencies The yen was at 109.63 per dollar after falling 0.3%.
Japan's Topix index dropped 0.7 per cent as of 9.05am in Tokyo.
The British pound fell 0.3% $1.2963.
The yields on benchmark 10-year Treasuries fell to 2.389 per cent on Monday, the lowest since March 28.
That being said, spot USDCNH is estimated to gyrate between 6.8548 and 6.9566 with a 68 percent statistical probability over the next 5 trading days judging by USDCNH 1-week implied volatility of 6.30 percent.
Selon des informations révélées par France 2 et Le Monde, un fichier secret de 200 noms de journalistes, politiques, dirigeants d'organisations professionnelles ou scientifiques a été constitué en novembre 2016.
Koepka, a three-time major champion, posted a fourth place finish with a score of 20-under-par for the tournament. Sung Kang reacts after winning the Byron Nelson golf tournament on Sunday, May 12, 2019, in Dallas.
The State Department said Tuesday that "until the trespassers are gone, no individuals will be permitted to enter the embassy". And in Washington, D.C., four activists remain in the Venezuelan embassy after police raided the building Monday night.
A Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. One person familiar with the situation said Trump planned to issue the order on Wednesday afternoon.
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His lawyers claim there was insufficient evidence to justify those verdicts and are seeking an acquittal. Noor was found guilty of third-degree murder and second-degree manslaughter after a month-long trial.
The child's mom said they were waiting outside of the Rainforest Cafe with family when Aranda randomly chose her son to throw. Emmanuel Aranda, 24, of Minneapolis, entered a plea deal in Hennepin County District Court.
Parmi les sujets du séminaire, il est aussi prévu le mécanisme de contrôle de la province et la coopération interprovinciale. Pour le chef de l'État, cela sous-entend que le temps de l'impunité tant décriée est révolu.
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Jet Airways CFO and deputy CEO Amit Agarwal quits company
In terms of volume, 22.14 lakh shares were traded on the BSE during the day, while over one crore shares were traded on the NSE. Jet's shares closed 7.33% lower at 128.9 rupees on Tuesday, while the broader Mumbai market closed 0.66% higher.
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Anthony Weiner released today from prison custody
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