For all the talk of a trade war and an eager-to-hike Fed, markets haven’t moved much this summer. The S&P 500 is now back to where it was in mid-May. Two key levels could bring about the next big swings on the S&P 500, says one market watcher. “On the resistance level it’s the 2,800 […]
Read moreRecord numbers of travelers are flying this summer, but airlines want to win over a tougher crowd: investors. Airline stocks have tanked while the broader market climbed to record highs this year as carriers’ fuel bills rose faster than demand for seats. The NYSE Arca Airline index, which tracks 15 carriers, is down more than […]
Read moreElon Musk is sending engineers from two of his companies to Thailand to assist in the rescue of a boys’ soccer team trapped in a cave. Musk, the CEO of electric car manufacturer Tesla, said on Twitter that engineers from his space exploration company SpaceX and tunneling firm The Boring Company would travel to Thailand […]
Read moreShares in Germany’s troubled Deutsche Bank jumped by 5 percent on Friday following a report in WirtschaftsWoche magazine that JPMorgan and Industrial and Commercial Bank of China may be interested taking a stake. The business weekly, citing sources in the regional government of North Rhine-Westphalia, also said Chancellor Angela Merkel had met Axel Weber, the […]
Read moreCurrency, United States Finance
Investors should prepare for a near 1 percentage point increase on the U.S. 10-year sovereign bond yield before the end of 2018, according to one investment manager, who cited robust wage growth and tightening monetary policy. The 10-year U.S. Treasury note is a benchmark government bond that helps set prices for debt instruments all over […]
Read moreCurrency, United States Finance
The European Union is preparing a new list of duties against the U.S. in case President Donald Trump moves ahead with tariffs on European cars, the Financial Times reported Friday citing anonymous officials in the region. The list, which is reportedly set to include duties worth 18 billion euros ($21.07 billion), will target staples like […]
Read moreCurrency, United States Finance
Donald Trump is expected to play golf at one of his courses in Scotland next week, a move that could cost the British taxpayer as much as £5 million ($6.6 million). The U.S. president makes his first official visit to the U.K. on July 13 when it is expected he will meet Queen Elizabeth II […]
Read moreCurrency, United States Finance
European equities are expected to open higher Friday morning as investors monitor developments on the trade front as a deadline for tariffs from the U.S. and China passed overnight. The FTSE 100 is seen up by 34 points at 7,633; the DAX is set to start higher by 49 points; and the CAC 40 is […]
Read moreThe world’s second-largest economy may retaliate following Tokyo’s decision to send a helicopter carrier to the South China Sea, potentially triggering a “tit-for-tat game at sea,” Chinese state media has warned. The Japanese vessel will patrol the disputed waterway and the Indian Ocean for two months beginning in September as part of Japan’s efforts to […]
Read moreAsian economies such as Taiwan, South Korea and Southeast Asia could be badly hit if trade tensions between the U.S. and China heat up further, experts have warned. The U.S. fired the first shot on Friday with tariffs on $34 billion worth of Chinese goods from 818 product categories. China has vowed to impose retaliatory […]
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