1. Stocks set for weak opening
U.S. stock markets are set to open lower again as fears grow that there will be no trade deal between the U.S. and China to stop the latest round of U.S. tariffs coming into force on Sunday.
By 6:30 AM ET (1130 GMT), Dow futures were down ...
1. NAFTA replacement in sight
The U.S. is closing in on a trade deal with – wait for it, no, not China – Mexico and Canada, according to reports over the weekend.
The U.S.-Mexico-Canada Agreement, or USMCA, is closer to completion now that House Democrats and the Tr...
1. Fed decision
The Fed is expected to hold steady at the conclusion of its meeting on Wednesday after cutting rates three times this year to shield the U.S. economy from a global slowdown. Friday's far stronger-than-expected U.S. jobs report reinforced expectations that policymakers will rem...
1. Payrolls Day
The Commerce Department will release its monthly survey of the U.S. labor market, the most closely-watched update on the health of the U.S. economy, at 8:30 AM (1330 GMT). The headline nonfarm payrolls number is expected to have picked up to 186,000 from a four-month l...
1. Shinzo Abe launches big fiscal stimulus package
Japan launched its biggest fiscal stimulus package in three years hoping to lifting an economy that has been hit by the Chinese slowdown, a separate trade war with South Korea, a rise in the domestic consumption tax and, not least, ty...
1. Trade cut-and-thrust gets cuttier and thrustier
A day after President Donald Trump sent stock markets spinning and haven assets soaring by saying there may be no trade deal with China until after next year’s election, the damage limitation exercise began, with both The Wall Stree...
1 Trump dangles trade deal delay
President Donald Trump raised the prospect of delaying a trade deal with China until after the 2020 election, rattling markets that have been happy to push ever higher on promises that a deal was just around the corner.
“In some ways, ...
1. Manufacturing surveys improve, but China cautions
Purchasing manager indices from around the world ticked up in an apparent sign that the world economy is stabilizing after a sharp slowdown this year in the shadow of the U.S.-China trade war and Brexit.
However, any ...
1. Debate Breaks out on Wall Street as VIX Hits Lows
For anyone looking to gauge how deep fear runs in markets, look no further than the VIX index or the “fear gauge.” In the current good times of record high equity markets, the fear gauge plummeted to more-than-one-year lows earl...
1. Black Friday test for department stores
Will Black Friday put any more nails into the coffins of U.S. department stores? There’ll be more scrutiny than usual on the likes of JC Penney (NYSE:JCP) and Kohls Corp (NYSE:KSS) after disappointing results for the three months through Se...
1. Trump signs Hong Kong bill
President Donald Trump signed into law the Hong Kong Human Rights and Democracy Act, effectively putting China’s treatment of pro-democracy protests at the heart of U.S. trade policy toward the country. Trump also signed an order banning the export to C...
1. China's companies suffer U.S. tariff hit
The pressure on China’s economy from U.S. tariffs was in evidence, as data showed aggregate industrial profits fell 9.9% on the year in October – the fastest rate since China started compiling the data in 2011. The news came after data s...
1. China's trade call
China’s Commerce Ministry kept up the happy talk on trade, issuing a statement that China and the U.S. had “reached consensus on properly resolving relevant issues” on a phone call with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary...
1. LVMH to buy U.S. jeweler Tiffany
Shares in French luxury goods maker LVMH (PA:LVMH) rose after it said it has reached an agreement to buy U.S. jeweler Tiffany (NYSE:TIF) for $16.2 billion, in its biggest acquisition to date.
The $135-per share cash deal will boost LVMH's sma...
1. Mixed messages on trade deal
The leaders of the U.S. and China on Friday both underscored their desire to sign an initial trade deal and defuse a 16-month tariff war that has roiled financial markets and acted as a drag on global economic growth.
Chinese President Xi Jinping...
1. Schwab and Ameritrade roll the dice
The future of the U.S. brokerage market looks different after the announcement that Charles Schwab (NYSE:SCHW) is in talks to merge with TD Ameritrade (NASDAQ:AMTD). The deal would combine the U.S.’s two biggest brokerages, as long as antitrust...