Foreigners are dumping Chinese stocks before tariff deadline
Businessam StaffMay 9, 2019
Foreign investors in Chinese equities aren’t hanging around to see how the latest round of trade talks plays out. They’ve net sold an average 4.4 billion yuan ($646 million) of mainland shares a day through trading links with Hong Kong this week, according to data compiled by Bloomberg, on track for the heaviest week of […]
Wall Street tumbles as investors shun risk ahead of critical trade talks
Businessam StaffMay 9, 2019
Wall Street fell more than 1 percent on Thursday, as tensions heated up ahead of a make-or-break U.S.-China trade meeting, which could lead to a prolonged dispute that would threaten global financial markets and economic growth. U.S. President Donald Trump vowed not to back down on imposing new tariffs unless Beijing “stops cheating our workers”, […]
Wall Street extends fall as U.S-China trade worries mount
Businessam StaffMay 7, 2019
U.S. stocks slid more than 1 percent on Tuesday in a broad-based selloff led by technology shares, as escalating trade tensions between the United States and China triggered global growth fears and kept investors away from riskier assets. Beijing said on Tuesday that Chinese Vice Premier Liu He will visit the United States this week […]
European shares fall in wake of Trump threat of China tariffs
Businessam StaffMay 6, 2019
European stocks slumped on Monday after U.S. President Donald Trump unexpectedly said at the weekend that he will increase tariffs on Chinese goods, pushing down shares as investors sought safety in less directly affected assets. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 30, 2019. REUTERS/Staff […]
Wall Street falls after Trump’s China tariff threat
Businessam StaffMay 6, 2019
U.S. stocks posted broad-based declines on Monday, but bounced back from session lows, after President Donald Trump’s surprise threat to raise tariffs on Chinese goods this week, sparking a flight from riskier assets. Trump on Sunday said tariffs on $200 billion worth of Chinese goods would increase to 25% from 10%, reversing a decision he […]
Wall Street stumbles after record run as Alphabet slides
Businessam StaffApril 30, 2019
Wall Street’s main indexes on Tuesday slipped from all-time highs set in the previous session, after a slump in the shares of Google-parent Alphabet following a revenue miss and a drop in Apple ahead of its results. The S&P 500 and the Nasdaq broke above record levels on Monday as investors took comfort from a […]
Equities drop after China data; euro zone growth lifts single currency
Businessam StaffApril 30, 2019
European shares edged down on Tuesday after weak Chinese business surveys doused appetite for risk, while the single currency climbed after euro zone growth beat expectations. Bourses in Britain, France and Germany lost ground after the surveys on China manufacturing missed forecasts, offering another sign that Beijing’s efforts to spur growth in the world’s second-biggest […]
Wall St. gains as soft inflation data supports accommodative Fed
Businessam StaffApril 29, 2019
U.S. stocks edged higher on Monday, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and a benign inflation data underscored the Federal Reserve’s dovish stance on interest rates. Hopes of a trade resolution and upbeat earnings have been powering a rally in the benchmark index this year. […]
Wall St. gains as soft inflation data supports accommodative Fed
Businessam StaffApril 29, 2019
U.S. stocks edged higher on Monday, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and a benign inflation data underscored the Federal Reserve’s dovish stance on interest rates. Hopes of a trade resolution and upbeat earnings have been powering a rally in the benchmark index this year. […]
Nasdaq hits record, S&P nears all-time high on upbeat earnings
Businessam StaffApril 24, 2019
The S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart from a largely upbeat earnings season. The S&P 500 is just 6 points shy of its intra-day record high of 2,940.91 hit in late September. The index has rallied 17% […]