Bloomberg US stocks pared declines, while Treasuries rose as investors assessed the possible fallout from President Donald Trump’s push to implement punitive trade tariffs on some products. The dollar turned higher versus major peers. The S&P 500 Index remained on track for the first drop in four days, though overnight declines sparked by the resignation free-trade proponent Gary Cohn and …
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US stocks fluctuate, dollar slips on trade spat over Trump’s tariffs
Bloomberg US stocks fluctuated as investors weighed an encouraging outlook for the semiconductor sector against disappointing results from Target Corp. The dollar weakened amid the developing trade spat over President Donald Trump’s proposed tariffs. The S&P 500 Index was mixed as semiconductor shares got a boost from a positive report by Goldman Sachs, and Target pulled down consumer staples producers …
Read More »US stocks turn higher as investors weigh trade threat; dollar gains
Bloomberg US stocks turned higher and Treasuries trimmed gains as investors speculated that President Donald Trump’s tough tariff talk won’t translate into the most severe protectionist policies. S&P 500 cut an early slide by three-quarters after hedge fund billionaire Ray Dalio called Trump’s threat of a trade war “political show.†Treasuries held gains on a haven bid, while the greenback …
Read More »Markets may buckle up for trade tensions
Bloomberg The angst about rising trade tensions that’s hit equity markets may presage a prolonged conflict, considering that when it comes to China, the Trump administration may have greater ambitions than just a more advantageous commercial arrangement. While Chinese officials have pressed for a list of specific demands as President Donald Trump prepares to execute measures including tariffs, there may …
Read More »Yen emerges as currency-market winner as trade tensions mount
Bloomberg President Donald Trump is touting the virtues of a trade war. In the $5.1 trillion-a-day currency market, the yen has emerged as a clear winner from the escalating rhetoric. The latest move pushes forward the administration’s trade agenda, after it took similar actions on other goods this year and jawboned the dollar lower. The potential hit to US and …
Read More »Quick dips, 1% days new normal in 2018 stocks
Bloomberg If you don’t like the weather, wait a few minutes. That’s how it’s been in the 2018 stock market, where the S&P 500 just rebounded from a 1 percent intraday loss for a third time this year. The turnaround followed three consecutive days of 1 percent declines, a stretch not seen since the start of 2016. It’s not just …
Read More »US stocks fall as oil weighs on energy shares; dollar gains
Bloomberg US stocks gave up earlier gains and turned lower as oil tumbled following a government report showed expanding inventories and production in what will soon be the world’s largest source of crude. Treasuries climbed with the dollar. “We’re kind of at an inflection point with oil,†said Tom Anderson, chief investment officer of Boston Private Wealth. “It’s hard to …
Read More »Pound slips as EU’s Barnier says Brexit transition not assured
Bloomberg The pound fell to a two-week low against the dollar and UK government bonds rose as the European Union’s chief negotiator warned a Brexit transition period for the UK was not guaranteed. Sterling slipped versus all of its Group-of-10 peers after Michel Barnier’s comments, which followed the publication of the EU’s draft Brexit treaty that saw the bloc ignore …
Read More »US stocks, greenback rise on Powell testimony; oil silps
Bloomberg US stocks rose, Treasuries fluctuated and the dollar advanced as investors weighed comments by Federal Reserve Chairman Jerome Powell saying the central bank won’t rush to raise rates even though the economy should pick up steam. Powell’s testimony signalled optimism in economy, while data on durable orders fell well short of estimates and the US balance of trade worsened. …
Read More »Risk over Mueller probe may hurt stock, help dollar
Bloomberg As Special Counsel Robert Mueller’s investigation into Russian election meddling unfolds, investors should expect stocks to fall on major developments, according to a new index aimed at tracking political risks from the probe. The Mueller Risk Index “suggests that increased risk associated with the Mueller investigation (and by extension, the increased risk of impeachment) may hurt stocks but help …
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