Key News Overnight: U.S. stocks ended basically flat, with the S&P 500 stalling below all-time highs amid mixed data and mounting concerns over the China trade deal. Treasuries jumped, with 10-year yields down more than six basis points. U.S. Senate is preparing for accelerated passage of a law that would support pro-democracy protesters in HongRead more
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Key News Overnight: Trade talks have hit a snag over China’s farm-goods purchases, IP enforcement, and the timing of U.S. tariff rollbacks, while President Trump has said Beijing has agreed to buy up to $50 billion of American crops including soybeans and pork, Chinese officials are leery of a numerical commitment. They’re seeking to avoidRead more
Key News Overnight: Donald Trump said a “significant” phase-one trade deal with China could happen soon, but warned he’ll “substantially raise” tariffs if no agreement is reached. The president also renewed his assault on the Fed, accusing the central bank of hurting the U.S. economy by not adopting negative interest rates. Hong Kong faces anotherRead more
Key News Overnight: U.S. stocks fell amid concern that a preliminary trade deal with China remains elusive. Trading was thinner than usual and the Treasury market was closed due to the Veterans Day holiday. The dollar declined against almost all of the G-10. Carrie Lam condemned violence and urged calm but offered no new initiativesRead more
Key News Overnight: Donald Trump said trade talks with China are moving along “very nicely” and that Beijing wants a trade deal “much more than I do.” The president also labelled reports as incorrect about how much the U.S. was ready to roll back tariffs on China. “If we don’t make that right deal, we’reRead more
Key News Overnight: Bullish sentiment was stoked on news overnight that the US and China are planning to remove tariffs as a part of any “phase one” trade deal. Though contradicted this morning, that news saw a general rally in risk-assets in Wall Street trade, with the S&P500 briefly hitting new record highs. European shareRead more
Key News Overnight: A meeting between US and Chinese presidents to sign a long-awaited trade deal could be delayed until December as discussions continue over terms and a venue, according to Reuters, quoting a senior Trump administration official. Australia’s two biggest banks have urged the Federal Government to bring forward income tax cuts to boostRead more
Key News Overnight: The S&P 500 slowed after high expectations of a US-China trade deal propelled its main indices to record highs earlier this week. The presidents of both nations are expected to sign a “phase one” deal, to de-escalate their economically damaging trade war, later this month. The RBA met yesterday, but delivered noRead more
Key News Overnight: Major US share market indexes finished at record highs on Monday with investors hopeful about US-China trade negotiations. Technology and energy stocks led the way. The United States has formally notified the United Nations of its intention to withdraw from the Paris Agreement. The notification begins a one-year process of exiting theRead more
Key News Overnight: The US stock market hit fresh record highs on Friday. The latest rally was catalysed by, on balance, some better than expected US economic data, as well some relatively positive trade-war headlines. Saudi Aramco has confirmed it’s planning to list on the Riyadh stock exchange, in what could be the world’s biggestRead more