New trade friction erupts between US and China

Fundamental outlook A new trade war has bubbled up between US and China, shaking markets worldwide. US manufacturing inflation rose while consumer inflation flattened. China inflation stayed steady while trade surplus was at its highest in six months. The European economy saw a decline. US producer prices rose 0.3 per cent in June, beating forecast. […]

Wall Street bounces back, technology and industrials lead

NEW YORK, July 13 — US stocks climbed yesterday as top technology names hit record highs and industrials rebounded from losses driven by trade worries the day before. Helping the move in tech, CA Inc jumped 18.7 per cent and was the biggest…

Stronger American payrolls offset trade worries

Fundamental Outlook THE US manufacturing and services indexes improved in both sectors. Payrolls increased and lifted the stock market. China maintained its growth track as reported by Caixin report. UK construction and housing reports fared strong, relieving worries of Brexit threats. The US ISM manufacturing index rose to 60.2 in June, reaching its highest in […]

US jobs report shows room to run as trade war threatens gains

NEW YORK, July 7 — There’s still more room to run for America’s labour market, just as a trade war threatens the outlook for the world’s largest economy. Job gains of 213,000 in June topped projections, Labour Department figures showed…

US adds 213,000 jobs in June, unemployment rate jumps to 4pc

WASHINGTON, July 6 — Job creation in the world’s largest economy continued its brisk pace in June but the unemployment rate jumped as more people joined the hunt for employment, according to a government report today. The US added 213,000 new…

China’s tariff response takes effect as Trump ignites trade war

BEIJING, July 6 — US President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on US$34 billion of Chinese imports. China said its retaliatory tariffs are now in effect, and argued it had been forced to act….

US’ new home sales firm up

Fundamental outlook US GDP grew at a slower pace but new home sales recorded a healthy rise from the previous month while jobless claims also saw an increase. Japan’s housing starts increased, amid improved consumer prices. Germany, as the largest economy in the eurozone, recorded a slowdown in its economic growth, causing investors to worry […]

Trade tensions might trigger a recession

Fundamental outlook THE US-China trade tension might spread to Europe after the Trump administration threatened to raise import tariff on European goods. This might also trigger a recession in US’ economy. The Bank of England (BoE) retained its monetary policy. Crude prices recovered moderately after members of the Organisation of Petroleum Exporting Countries (OPEC) agree […]

US jobless claims fall for fourth straight week

NEW YORK, June 21 — US claims for unemployment fell for the fourth week in a row last week, extending an unprecedented streak of low levels, the Labour Department reported today. The continued scarcity of layoffs suggested June was likely to be…

Asian shares fall as Sino-US trade spat intensifies

TOKYO, June 18 — Asian shares retreated today after US President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. Fears of a trade war added to…