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[Reuters] Stocks rise after upbeat Cisco, Walmart earnings [Reuters] Oil rises for a third day amid escalating Mideast tensions [CNBC] US housing starts rose more than expected in April [Reuters] U.S. blacklists China’s Huawei as trade dispute clouds global outlook [Reuters] China slams U.S. blacklisting of Huawei as trade tensions rise [CNBC] China’s state mouthpieces […]
[Reuters] Global stocks bounce fades on grim China data, Italy woes [Reuters] China lowers yuan mid-point to weakest level in 4-1/2 months [CNBC] Retail sales declined in April, missing expectations [Newsweek] U.S. State Department Evacuates Diplomats From Iraq as Iran Tensions Mount [CNBC] Mortgage applications slightly lower despite three weeks of falling rates [AP] China […]
China & U.S. – It’s Not About Trade It’s About Hegemony Trump disrupts current bad model & wants to expand the franchise Volatility returns to wall street and Apple pays the price The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Have The Trade Talks With China Turned Into A Zero-Sum Game? May […]
[Reuters] World stocks hover near two-month low, investor fears over U.S.-China trade war ease [Reuters] Oil prices jump on drone attack on Saudi Aramco facilities [Reuters] Trump defends China trade battle, vows deal will happen [Reuters] China says U.S. has agreed to keep talking over trade war [AP] US targets $300B of Chinese goods for […]
[Reuters] U.S.-China trade setback prolongs the global equities slide [Reuters] Chinese yuan falls to 2019 low on U.S.-China trade setback [Reuters] Yen firms but yuan, Aussie slip as U.S.-China trade war heats up [Reuters] JGBs gain as intensifying trade war supports safe-haven debt [CNBC] China is raising tariffs on $60 billion of US goods starting […]
[CNBC] Trump tells China to ‘act now’ on trade or face a ‘far worse’ deal in his second term [Reuters] Wall St Week Ahead-Trade turbulence shows market vulnerability as stocks get pricier [Reuters] U.S. bargaining power won’t improve if China trade war intensifies -Global Times editorial [CNN] Washington is flirting with a debt crisis. No […]
[Reuters] China, U.S. to hold more trade talks as Trump ratchets up tariff threat [AP] Chinese envoy says trade talks with US have not broken down [AP] Trump has long seen previous US trade agreements as losers [AP] US-China relations near new low amid trade battle [CNBC] It’s time for markets to end their illusions […]
What went wrong? Clearly, all the positive talk from both the U.S. and China painted a much too rosy picture of trade negotiation progress. From the Wall Street Journal (Lingling Wei and Bob Davis): “The new hard line taken by China in trade talks—surprising the White House and threatening to derail negotiations—came after Beijing interpreted […]
