TOKYO - Asian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing and Washington has hit growth in the world’s second-largest economy.
Dashing previously upbeat expectations about a resolution to the Sino-U.S. trade war was a Wall Street Journal report that said negotiations had hit a snag over farm purchases. Worries about violent anti-government protests in Hong Kong also soured investor sentiment. “The markets have been pushing to new highs, but it’s been a bit of a bumpy ride,” said William O’Loughlin, portfolio manager at Rivkin Asset Management in Sydney.
U.S. stocks have climbed to record levels recently, fuelled by interest rate cuts, positive earnings, and signs the economy is bottoming out, but doubts about progress in U.S.-China trade negotiations remain a huge risk to financial markets and global growth. Investors and economists will scrutinize the data to determine whether China can shake off the negative impact of punitive tariffs.
markets arent fading, which means it was all abou the fed. Trade war was just an excuse to lower rates back to 2017 levels.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks fall on fears U.S.-China trade stallingAsian stocks and Wall Street futures fell on Wednesday on growing worries U.S.-C... ' Impeach' those who 'impeach' ..methinks ! Well, it has stalled. No need to fear certainty now. See what is next, like the economic depression coming to all countries thanks to the debt blow out in each country starting with Japan! That’s weird I thought all that was factored in. Just more bs from a sketchy industry
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks hit by trade confusion and HK unrestAsian stocks and Wall Street futures fell on Wednesday, as confusing signals ove... Trade confusion?!? Buy low! Sell hi!
Source: Reuters - 🏆 2. / 97 Read more »
European stocks seen lower as US-China trade concerns resurfaceEuropean stocks were seen opening lower on Wednesday amid concern that U.S.-China trade talks are stalling, while escalating unrest in Hong Kong looked set to blight the handover from Asia. TheLastRefuge2 China devaluation of the Yuan means less money for big ticket items from Germany. The PRC needs to join the international norms of markets and Merkel deserves nothing, she’s an arrogant leader and was overdue for diminishing. TheLastRefuge2 Europeans should at least try to help themselves for once.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to dip amid US-China trade uncertaintyAsia stocks were set to dip at the open as investors continue to await clarity on the U.S.-China trade front as well as developments on the deteriorating situation in Hong Kong. Amazing traders are still buying into this deal talk when there is nothing substantial. falsehope Same shit everyday. Monday, rise on hopes, Tuesday falls on hopes fading, Wednesday old man kudlow says something again & it rises, Thursday trump reverts to old nonsense & it falls, Munchkin says something else again & we have 'risk free' Friday on us, rinse repeat..18 mths now! One day everything is going okay, the next is down the toilet. Come on man.
Source: CNBC - 🏆 12. / 72 Read more »
Bonds are reflecting doubt about a trade deal, yields fell quickly and 'trade more like stocks'A quick reversal in the bond market shows how easily investors can be spooked by doubts about a trade deal. Ya seen Amazon? Screw treasuries!!!
Source: CNBC - 🏆 12. / 72 Read more »
Stocks open lower as Fed's Powell offers congressional testimonyStocks opened slightly lower Wednesday, showing a weaker tone ahead of congressional testimony from Federal Reserve Chairman Jerome Powell. The Dow Jones...
Source: MarketWatch - 🏆 3. / 97 Read more »