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4 Articles
Source: Common Domain

Business investment dries up after Trump tariff tiff with China, global woes, shutdown

Today 06:59 GMT

Business investment soared in 2017 in anticipation of the biggest corporate tax cuts in 31 years, but companies have hit the brakes since the White House stepped up its attack on Chinese trade practices.

Chief economist Stephen Stanley of Amherst Pierpont Securities said he viewed the weakness in business investment as a response to “imposition of tariffs on China” and “the prospect of a trade war” involving the world’s two largest economies.

4 Articles
Source: DW

EU ministers debate US tariffs threat response

Today 06:59 GMT

German Economy Minister Peter Altmaier urged fellow ministers Friday to "act in unison" over President Donald Trump's threat to impose tariffs on EU cars sold in the USA. Instead, Altmaier said, "car tariffs between the US and Europe should be reduced and completely abolished."

EU ministers are meeting in Bucharest to hand the European commission a negotiating mandate to rebuff threatened US tariff hikes on cars imported from Europe.

1 Article
Source: Common Domain

Stock-index futures point higher on optimism over U.S.-China trade talks

Today 06:59 GMT

Stock-index futures pointed to a positive start for Wall Street on Friday, buoyed by optimism over U.S.-China trade talks, with President Donald Trump reportedly set to meet China’s top trade negotiator in the White House.

The economic calendar is light on data but features remarks from a number of Fed officials who are attending a monetary policy forum in New York, including Vice Chairman Richard Clarida, Gov. Randal Quarles, New York Fed President John Williams, San Francisco Fed President Mary Daly, St.Louis Fed President James Bullard and Philadelphia Fed President Patrick Harker.

1 Article
Source: Common Domain

For U.K. Homeowners Looking to Trade Up, Now May be the Time to Sell

Today 06:59 GMT

With the U.K. set to leave the European Union on March 29—without any exit deal in place as of yet—tremendous uncertainty looms over the country in the weeks leading up. The impending deadline has already affected real estate markets in the U.K., with transactions dropping 33% from the third to the fourth quarter of 2018, according to a Winkworth report.

More: Real Estate Investments Are Never ‘Recession-Proof,’ but Some Are Safer Than Others. The type of property U.K. homeowners are hoping to sell and its location will influence how successful a sale is, and should be factored into decisions about timing.

2 Articles
Source: Common Domain

Now’s the time to take out some insurance if trade, Fed don’t go the way stocks want, says UBS chief investment officer

Today 06:59 GMT

Read: The number that shows what Warren Buffett really thinks of Berkshire stock. Read: 9 stocks with dividend yields over 4% in a sector that often beats the broader market. No data, but plenty of Fed speakers on Friday, with New York Fed President John Williams, Fed Vice Chairman Richard Clarida, Fed governor Randal Quarles, Philadelphia Fed President Patrick Harker, St, Louis Fed President James Bullard, San Francisco Fed President Mary Daly all making appearances at the Chicago Booth monetary forum.

1 Article
Source: Reuters

JPMorgan trades banker offices for shared desks

Today 06:59 GMT

JPMorgan Chase & Co is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities.

Shared workspaces have been relatively slow to catch on at banks, but JPMorgan is following recent renovations by some rivals, which designers tout as cost cutting and productivity boosting.

1 Article
Source: Common Domain

Fed gets earful from Fidelity executive for roiling global financial markets

Today 06:59 GMT

Lisa Emsbo-Mattingly, director of research in the global asset allocation group at Fidelity Investments, said the turmoil experienced by financial markets in the fourth quarter was the unwinding of search-for-yield investments put in place by investors as a result of global central bank asset purchases.

“My recommendation [is] for the Fed to think about the implications of not just what their central bank policies are but also in connection with the global financial systems and the other global central banks,” she said. She suggested the next financial crisis may be brewing in “cross-currency markets.”

1 Article
Source: Common Domain

European markets green as trade talk optimism spreads; SocGen up on cost-cut talk

Today 06:59 GMT

Europe’s markets were positive on Friday, after investor optimism from U.S.-China trade talks spread through the indexes.

As this week’s trade talks between the U.S. and China come to a close, investors are optimistic about progress, with President Donald Trump reportedly set to meet with China’s top trade negotiator on Friday. Although negotiations appear to be moving forward, officials from both sides have reportedly struggled to agree on specific language as they develop the framework of a potential trade deal.

1 Article
Source: Fox News

Dow Jones up for 9th straight week on US-China trade optimism

Today 06:59 GMT

Germany's DAX was gained 0.2 percent and 1.4 percent for the week, France's CAC added 0.4 percent and gained 1.2 percent for the week.

Hong Kong's Hang Seng finished with a gain of 0.7 percent and 3 percent for the week, Japan's Nikkei slipped 0.2 percent, but gained 2.5 percent for the week. In Asian markets on Friday, China's Shanghai Composite ended up 1.9 percent on the day and 4.5 percent for the week.

1 Article
Source: Common Domain

Asian stocks rise after report of outline to end U.S.-China trade war

Friday 00:35 GMT

Asian stock markets shook off early doldrums Thursday following a report that U.S. and Chinese negotiators were outlining a plan to end the trade war.

Among individual stocks, Rakuten 4755, +5.13%   and Honda 7267, +2.24%   advanced in Tokyo trading, and Hyundai Motor gained in Seoul 005380, +1.68%  . Lenovo 0992, +11.41%  , Sunny Optical 2382, +4.61%   and AAC 2018, +3.57%   surged in Hong Kong, while HSBC 0005, -1.59%   slid.

1 Article
Source: Common Domain

Stock investors are swarming emerging markets — here’s why that might be a problem

Wednesday 14:31 GMT

Investors are falling back in love with emerging markets to a degree that’s ringing alarm bells among some prognosticators, who cautioned against joining the swoon at this point.

As of the end of January, the MSCI EM index 891800, +0.59%  traded at a forward price-to-earnings, or P/E, ratio of 11.4 and a price-to-book value, or P/BV, of 1.6, while developed market, as represented by the MSCI World Index, which tracks large- and midcap equity performance across 23 developed-market countries, had a forward P/E of 14.5 and a P/BV of 2.3.

2 Articles
Source: Common Domain

Bears could be in for a ‘great few weeks’ as S&P 500 hits a wall

Wednesday 11:45 GMT

“We maintain our target at 2,550 on the S&P 500 and believe that short positions in equities are set for a great few weeks,” he said.

Our call of the day from Adam Kobeissi, founder and editor in chief of The Kobeissi Letter, sees some near-term dark clouds gathering around the S&P 500, and judging by soggy action in premarket, he may be onto something. “Beginning with the December 24th bottom in the S&P 500 at 2,346, the narrative has been that the global economy is slowing, the Fed is becoming more dovish, and a trade deal between the United States and China is imminent,” which all contributed to the index rallying 430 points from the Dec. 24 low at 2,346, said Kobeissi.

1 Article
Source: Common Domain

Cannabis stocks mixed in choppy trade with Canopy Growth and Hexo in focus

Wednesday 14:31 GMT

Cannabis stocks were mixed on Tuesday, amid a flurry of announcements on the progress of medical and recreational-use bills around the U.S.. Pennsylvania’s medical cannabis businesses made at least 600,000 transactions in its first year, allowing 83,000 patients access to the substance, Gov. Tom Wolf announced over the weekend.

See: Here’s why the craft cannabis industry can thrive in the face of Big Marijuana. Elsewhere in the sector, U.S. listed shares of Quebec-based Hexo Corp. HEXO, +0.18% HEXO, +0.00%   were flat, after Oppenheimer initiated coverage with an outperform rating and 12 to 18-month stock price target of $7.00, or about 18% above its current trading level.

1 Article
Source: Common Domain

What you need to know about day trading and the worst online mistake you can make

Wednesday 22:45 GMT

Now employers, schools and clubs that discriminate against natural hair and styles like afros, cornrows and dreadlocks can get a $250,000 fine.

Two Democratic lawmakers introduced a bill this month that would require phone, cable and internet providers to include all charges in advertised prices. “This indicates that cracks in the foundation of consumers’ finances are beginning to show,” WalletHub reveals.

1 Article
Source: BBC

The trouble with China's bet on The Bay

Friday 00:35 GMT

China's ambitious plan to develop the so-called Greater Bay Area is designed to spur the economy, but analysts question whether its lofty goals can be achieved, as the BBC's Ana Nicolaci explains.

Chinese President Xi Jinping last year officially opened a bridge connecting Hong Kong to Macau and the mainland Chinese city of Zhuhai - the world's longest sea crossing bridge - as part of China's plan to connect Greater Bay Area.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte