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Not long ago, I told you a real life story shared with me by one of our investors. While sitting at his dining room table, he told me the story of how his father tragically died in 1974, at the age of 56. His father had two partners in his business. The two partners bought […]
[BloombergQ] Stocks Climb Before Earning Season; Dollar Weakens: Markets Wrap [Reuters] Chinese stocks have best day in two years, yuan firms despite tariff blow [Reuters] Oil prices climb on global demand, U.S. sanctions on Iran [Politico] Trump’s trade war was decades in the making [Reuters] Pain and pressure: market turmoil pushes some China funds to […]
[Reuters] Europe to be united, strong if U.S. raises more tariffs: France [CNBC] Silicon Valley firms are facing a rise in anger from a new source: Their own employees [BBC] Turkey purges more workers ahead of Erdogan swearing-in [WSJ] How Regulators Averted a Debacle in Credit-Default Swaps [WSJ] Stock Buybacks Are Booming, but Share Prices […]
[BloombergQ] The Trade War Is On: Timeline of How We Got Here and What’s Next [Reuters] China’s H2 GDP growth seen easing to around 6.6 pct – official think tank [AP] North Korea Foreign Ministry says talks with Pompeo ‘regrettable,’ accuses US of unilateral demands for denuclearization [Reuters] North Korea says resolve for denuclearisation may […]
With attention focused on unfolding trade wars and summer vacations, the release of the Bank of International Settlement (BIS) Annual Report garnered scant notice (with the exception of Gillian Tett’s Thursday FT article, “Holiday Trading Lull Flashes Red for Financiers”). From the BIS: “It is now 10 years since the Great Financial Crisis (GFC) engulfed […]
[Reuters] Stocks, euro survive first battle of U.S.-China trade war [BloombergQ] U.S. Payrolls Rise 213,000; Wage Gains Slow, Unemployment Up [BloombergQ] Trump Eyes Even Higher Tariffs as Trade War With China Escalates [Reuters] China blames U.S. for ‘largest-scale trade war’ [CNBC] US-China tariffs: ‘The first shots to the trade war are about to be fired’ […]
[Reuters] Full-throttle car rally drives back trade gloom [BloombergQ] U.S. Stocks Follow Europe Jump; Euro Rises: Markets Wrap [Reuters] Nikkei falls before US-China tariff deadline; banks weaken [CNBC] Private payrolls miss expectations as companies can’t find enough people to hire [Reuters] Merkel ready to back lower EU tariffs on U.S. cars [Reuters] China warns U.S. […]
[Reuters] Global stocks tread water on trade worries, yuan steadies [BloombergQ] Europe Stocks, U.S. Futures Rise in Thin Trading: Markets Wrap [Reuters] Euro falls, yuan rebounds as trade worries weigh [Reuters] China says will not fire first shot in trade war with U.S. [BloombergQ] These Are Some of Trump’s Weapons in China Trade Spat [BloombergQ] […]
