The pace of companies moving production out of China is accelerating, according to the Nikkei Asian review.
— Read on www.cnbc.com/2019/07/18/more-than-50-companies-reportedly-pull-production-out-of-china-due-to-trade-war.html
Tag: Trade Wars
Bank of Canada Maps Out Potential Impact of Global Trade Wars – Bloomberg
With tensions already creating C$18 billion crater in domestic economy, simulations suggest U.S. is better insulated against conflict
— Read on www.bloomberg.com/news/articles/2019-07-10/bank-of-canada-maps-out-potential-impact-of-global-trade-wars
S&P 500 hits new record after Trump and Xi agree to trade truce
The U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.
— Read on www.cnbc.com/2019/06/30/dow-futures-surge-220-points-at-the-open-after-trump-and-xi-agree-to-not-impose-more-tariffs.html
Trump Says U.S. ‘Back on Track’ With China After Meeting Xi – Bloomberg
President Donald Trump said the U.S. was “right back on track” with China after a high-stakes meeting with Xi Jinping on Saturday.
— Read on www.bloomberg.com/news/articles/2019-06-28/trump-xi-to-meet-at-trade-war-crossroads-fraught-with-risks
Oil could fall to $45 per barrel on US-China trade war, says investor
Oil demand is at risk of declining further if the U.S. and China fail to resolve trade tensions, which will cause the global economy to weaken even more, said Rainer Michael Preiss, executive director at Taurus Wealth Advisors.
— Read on www.cnbc.com/2019/06/13/oil-could-fall-to-45-per-barrel-on-us-china-trade-war-says-investor.html
China says won’t yield to any U.S. pressure over trade – Reuters
China’s commerce ministry said on Thursday Beijing will not yield to any “maximum pressure” from Washington, and any attempt by the United States to force China into accepting a trade deal will fail.
— Read on www.reuters.com/article/us-usa-trade-china/china-says-wont-yield-to-any-u-s-pressure-over-trade-idUSKCN1TE0WJ
Cisco CEO Chuck Robbins Talks About Trade and the Wonders of 5G – Bloomberg
The shift to the cloud, expected to hurt the company, has turned out to be a huge boost.
— Read on www.bloomberg.com/news/articles/2019-06-07/cisco-ceo-chuck-robbins-talks-about-trade-and-the-wonders-of-5g
Trade War Ended China’s First Bull Market After Only 69 Days – Bloomberg
This year’s first bull market in China’s stocks perished after just 69 trading days.
— Read on www.bloomberg.com/news/articles/2019-06-06/trade-war-claims-china-s-first-bear-market-after-just-69-days
Fed Inches Toward Rate Cut as Trade War Frays Patience
The Federal Reserve’s top policy makers aren’t yet ready to cut interest rates, but worsening trade tensions are nudging them in that direction. In separate comments Tuesday, Fed Chair Jerome Powell and his No. 2, Richard Clarida, reassured nervous investors they’re watching closely for signs that disputes
— Read on ca.finance.yahoo.com/news/fed-inches-toward-rate-cut-040000573.html
Why investors shouldn’t let the trade war distract them from the big picture
Martin Pelletier: One of the biggest mistakes that investors make is to confuse the performance of the economy with that of the stock market
— Read on www.msn.com/en-ca/money/savingandinvesting/why-investors-shouldnt-let-the-trade-war-distract-them-from-the-big-picture/ar-AACkRWK