October 11, 2019 @ 7:49 pm | Breaking News |
We’ve been here before. We’ve had other days and other rallies on news, rumors, speculation that the U.S. and China would reach some kind of deal that amounts to a truce in the two countries’ trade war. We been disappointed in that story before when...
May 5, 2019 @ 6:13 pm | Breaking News |
On Sunday President Donald Trump’s tweeted that he will raise tariffs on $200 billion in Chinese exports to 25% from 10% on Friday and add $325 billion in new Chinese goods that will face the higher 25% tariffs. The 25% rate was most recently scheduled to go...
April 23, 2019 @ 7:44 pm | Breaking News, Volatility |
On Friday China’s ruling body, the Politburo, suggested that it thought less stimulus might be needed since the economy had recovered its footing. Instead policy should focus on deleveraging China’s banks and corporate balance sheets, and on avoiding...
April 17, 2019 @ 7:00 pm | Breaking News, Volatility, You May Have Missed |
China’s economy expanded at 6.4% year over year in March. That beat the 6.3% expected by economists surveyed by Briefing.com. That projected 6.3% growth itself marked a step up in optimism about China’s economy. Other official numbers reported over night...
March 14, 2019 @ 7:05 pm | Breaking News, Volatility, You May Have Missed |
A potential end of March meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign an agreement to end their trade war won’t take place this month after all. Media are reporting that multiple sources are now post to April at the earliest.If...
March 6, 2019 @ 7:18 pm | Breaking News, Volatility, You May Have Missed |
In December the U.S. trade deficit widened to $59.8 billion from a revised $50.3 billion in November. Economists surveyed by Briefing.com had projected a December deficit of $57.8 billion. The December deficit is the widest monthly deficit since October 2008 during...
March 5, 2019 @ 7:55 pm | Breaking News, Volatility, You May Have Missed |
Against the setting of the National People’s Congress, which opened today, China’s leaders announced that the growth target for the economy in 2019 would be 6%-6.5%, down slightly from the 2018 target of 6.6%. That dip is significant since the Chinese...
March 1, 2019 @ 7:36 pm | Breaking News, Volatility, You May Have Missed |
As of the close on March 1, the Shanghai Composite was up 14.35% for the last month. That’s super for an economy that’s swimming in bad debt and facing a slowing global economy and lagging export demand.I think it’s fair to say that the rally in...
February 28, 2019 @ 7:31 pm | Breaking News, Volatility, You May Have Missed |
The Trump administration isn’t making it any easier to handicap the results of the U.S.-China trade talks. Yesterday U.S. trade representative Robert Lighthizer tried to walk back expectations for the talks. There’s not even an agreement on a Memorandum of...
February 25, 2019 @ 7:33 pm | Breaking News, Update, Volatility |
Citing substantial progress, President Donald Trump has extended the March 1 deadline for reaching agreement on a U.S.-China trade agreement and heading off a jump to 25% in U.S. tariffs on $250 billion of Chinese exports. “The U.S. has made substantial progress in...
February 21, 2019 @ 7:59 pm | Breaking News |
Judging from this morning’s news out of the U.S. China trade talks I think I can see the Chinese strategy. Step 1: Offer the United States and its President lots of money. Today the Chinese offered to buy an additional $30 billion in U.S. corn, soy beans and...
February 19, 2019 @ 7:09 pm | Breaking News, Volatility |
The latest round of U.S.-China trade talks resumed today in Washington. The Trump administration’s March 1 deadline continues to walk nearer–although everyone on Wall Street expects that President Trump will decide good progress has been made and will...
February 8, 2019 @ 7:25 pm | Breaking News, Volatility, You May Have Missed |
Today, a day when the U.S. financial markets seem to be in a mood to worry about China, is a good time to look at the likeliest outcomes of the U.S.-China trade talks and the likely market reaction to those outcomes. The clock is ticking on the Trump...