Market News United States 

Manufacturing Recession Puts U.S. Economy on Track for Worst Quarter Under President Trump

U.S. industrial production plunged in October at the fastest rate in a year-and-a-half. GM strike exacerbated the decline following a six-week work stoppage. The manufacturing sector remains in a recession that could spill over to the rest of the economy. U.S. industrial production plunged in October at the fastest rate in a year-and-a-half, further underscoring the nation’s manufacturing downturn at a precarious time in its ongoing trade negotiations with China. The decline was much worse than expected due to a six-week work stoppage at General Motors that likely cost the…

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Donald Trump Dow Jones hong kong Market News 

Dow Wobbles as US Senate Hong Kong Bill Pressures Trump-Xi Relations

US stocks are under pressure, with the US Senate poised to pass a bill supporting Hong Kong that may destroy Trump’s hopes of a phase one trade deal. The Dow made no progress as a huge sell-off in Cisco undid a decent rally in Boeing stock. Weakening Chinese data suggest Xi needs a trade deal, but analysts are skeptical it is imminent. The Dow Jones wobbled on Thursday as anticipation of a Chinese crackdown in Hong Kong prompted the US Senate to press ahead with a unanimous bipartisan effort to…

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china Donald Trump Market News United States 

Trump’s China Trade Deal Hits Another Stalemate Over America’s Pigs

Beijing doesn’t want to commit to buying American pork and looks set to play hardball with Trump. Trump might not be willing to give China the concessions it is demanding to come around and sign a limited trade deal. The U.S.-China tariff war looks all set to extend further as none of the parties appear to be on common ground. The stock market rejoiced last week when it emerged that the U.S. and China are close to signing a limited trade deal, but it appears that the celebrations arrived a…

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Donald Trump Dow Jones Market News 

Dow Falters But Trump U-Turn Fails to Frighten Stock Market Bulls

Stocks fell on Friday after Donald Trump pushed back against reports he would remove tariffs on Chinese goods. Sentiment in the Dow Jones was supported by diminishing fears of a US-EU trade war. Nordea anticipates that the Dow will move sideways with an upward bias heading into Christmas. The Dow Jones declined on Friday after President Trump pushed back against the narrative that he was prepared to roll back tariffs on China. Cushioning the blow to the Dow, comments from the EU’s Jean-Claude Juncker that Trump would not start a…

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Dow Jones Market News US Treasury Bond 

Treasury Yields Post Biggest Rally in Three Years as Red-Hot Dow Blazes New Record

10-year Treasury yield approaches 2% for the first time since July. The entire U.S. yield curve jumps double digits on Thursday. Stocks return to record highs on U.S.-China trade deal optimism. U.S. government debt yields surged on Thursday, reaching their highest level since the summer after brazen investors pushed up the value of stocks following latest bout of China trade-deal euphoria. Treasury Yields Surge Interest rates on government bonds jumped as much as 16 basis points on Thursday, their biggest advance since the day after Donald Trump was elected president…

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china Donald Trump Dow Jones Market News S&P 500 

Dow Futures Spike 140 Points as China, US Agree to Slowly Nuke Tariffs

Dow futures rallied by over 100 points on expectation that easing trade tensions will boost the economy. Trump and Xi’s meeting has at the same time been pushed to next month. China disclosed the news but will the US be on the same page? The Dow Jones Industrial Average futures have jumped by over 100 points after the world’s two biggest economies agreed to phase out tariffs. This was revealed by a spokesperson in China’s Ministry of Commerce, Gao Feng, according to Bloomberg. Per Feng the US and China will…

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gold Market News 

Gold’s Flash Crash Gives Rise to Buyers After China Pushes Back on Tariffs

Gold recovers after posting its biggest fall in over a month. China is looking for a significant rollback in tariffs before finalizing ‘phase one’ trade agreement with Washington. U.S. dollar maintains three-week highs. The price of gold bounced on Wednesday, one day removed from its steepest drop in over a month as investors began to doubt the prospect of an interim trade deal between the U.S. and China. Gold Price Recovers; Silver Follows Precious metals were higher across the board Wednesday, a reflection of subdued risk sentiment in the market….

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Gold Price Market News United States us dollar 

Gold Price Rips Lower After Massive Selloff as Dollar Spikes, Dow Hovers Near All-Time High

Gold plunged 1.5% on Tuesday as risk-off assets suffered. U.S. services PMI improved more than expected in October, according to the Institute for Supply Management. U.S. dollar hits three-week high against a basket of currencies. The price of gold plunged on Tuesday, wiping out more than a week’s worth of progress as keener appetite for risk assets undermined precious metals. Meanwhile, the U.S. services sector rose more than expected in October, allaying fears of recession for the world’s largest economy. Gold Price Plunges; Silver Follows Futures on December gold delivery,…

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Market News MSCI AC Asia Pacific ex Japan Index 

Wall Street’s Lost Decade Could Be Emerging Asia’s to Reap

Portfolios with exposure to U.S. stocks and bonds could be heading for a decade of lackluster growth, according to Morgan Stanley. Emerging Asia stocks offer a sound alternative as economies like India, South Korea, Singapore, Malaysia and Thailand have more to offer investors. MSCI AC Asia Pacific ex Japan Index has generated gross returns of more than 356% October 2004. Faced with diminishing growth prospects at home, investors in the United States and Europe are increasingly looking to Emerging Asia to grow their portfolios. The region has experienced miraculous growth…

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berkshire hathaway Business News Market News stock market Warren Buffett 

Is Warren Buffett Unconvinced of Stock Market Rally?

Berkshire Hathaway is holding $128.2 billion in cash. With no big deal in four years, Buffett seems to be unfazed by the stock market rally. | Credit: AP/Nati Harnik Berkshire Hathaway is holding $128.2 billion in cash, according to its quarterly report. With no big deal in four years, Warren Buffett seems to be unfazed by the stock market rally. Buffett, who has evolved the $528 billion conglomerate into the world’s biggest financial company by revenue, is known to be patient in spotting large deals, primarily acquisitions, for Berkshire. However, with…

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