Economic News, Page 4

Trump threatens new tariffs on Mexican goods and ups the chances for a global economic recession.

12 MPs have thrown their name into the hat in a bid to become the next British PM. That’s not going to help the cause…

While mixed through the Asian session, weak economic data and trade war jitters are expected to weigh on the European majors early on.

Solid GDP lifts riskier assets

Global equities rebound despite mounting fear an all-out trade war will drag on world GDP.

Can the European majors shake off the negative sentiment? Geopolitics will continue to be the key driver…

US yields hit fresh 2-year lows

Global equities fall as trade tensions intensify and China threatens to disrupt the rare-earth metals market.

What’s next in the U.S – China trade war saga? Is the latest threat from China the beginning of a more wide-reaching retaliation.

The European majors look set to take a hit at the open as the U.S – China trade war rhetoric flares up. Economic data hasn’t helped…

On Monday, President Trump said the U.S. was “not ready” to strike a deal with China, before adding he expected one in the future. He also said tariffs on Chinese imports could go up “substantially.” Traders read the comments as bearish because they certainly don’t indicate both sides are moving

Yields are plunging because investors are seeking shelter in bonds. Unlike previous drops in interest rates that have driven investors into stocks because of their higher yield, this time, investors are reallocating their money into Treasurys, which has contributed to the 4% drop in the S&P 500 Index in May.

Trade tensions weigh on stock prices

Trade relations remains in focus and geopolitical risk escalates after China indicates it won’t back down to U.S. demands.

Trump’s trip to Japan ended with no major trade deal being reached. This was not a surprise since the trip seemed to focus more on pomp and circumstance than resolving deep issues on trade. Traders also felt the markets would continue to trade rangebound because broad market sentiment remained uncertain

The futures markets are pointing to another positive open though we can expect some sensitivity to today’s stats…

Bitcoin jumped to its highest level in a year on Monday, extending the streak that’s seen price more than double since March. China is currently battling African swine flu, which has decimated its pig population. According to reports, Canopy Growth Corp. is set up to capitalize once cannabis is legalized

Ahead of the summit, President Trump sounded optimistic that a deal could be reached over the near-term, saying on Monday he expects to get the trade gap with Japan “straightened out rapidly,” adding that announcements on that could come as soon as August, or shortly after Japan’s July elections. 

The price action in Europe was driven by the results of the EU parliamentary elections and the news that Fiat Chrysler and Renault are in early merger talks. Earlier in the day, shares in Asia were mixed with stocks rallying in China as investors eyed developments from President Trump’s state

No major shocks from the EU elections should be positive for the majors, leaving sentiment towards trade to influence on the day.