US: Stocks fall on weak data, trade worries

Wall Street stocks fell Friday following lacklustre US economic data and reports the Trump administration is weighing new restrictions on US investment in China.[NEW YORK] Wall Street stocks fell Friday following lacklustre US economic data and reports the Trump administration is weighing new restrictions on US investment in China.

In addition, data reports Friday showed a sharp decline in US consumer spending in August and weak demand for big-ticket manufacturing goods, suggesting a hit to the economy from President Donald Trump's trade war with China. But Hu Xijun, the editor of China's state-controlled Global Times tabloid said in a tweet Friday that the agriculture purchases"signaled China's goodwill, not concessions." And he warned that"real progress in trade talks" would be needed to sustain the purchases.Gregori Volokhine, strategist for Meeschaert Financial Services, told AFP the reports of additional restrictions on China appeared to be part of the Trump administration's bargaining strategy.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Hong Kong: Stocks open higher on US-China trade hopes[HONG KONG] Hong Kong stocks rose at the open Thursday following upbeat comments from US President Donald Trump that a trade deal with China could come sooner than expected. Read more at The Business Times.
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »

Hong Kong: Stocks close higher on US-China trade hopes[HONG KONG] Hong Kong stocks ended higher Thursday on a late surge after Beijing said China had bought a 'considerable' amount of US pork and soybeans, spurring optimism for a US-China trade deal. Read more at The Business Times. Top Glove Q4 profit falls 13% on raw material costs, competition
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »

US stocks dip amid trade, impeachment headlinesNEW YORK (AFP) - Wall Street stocks declined on Thursday (Sept 26) as investors weighed somewhat better news on US-China trade talks against new revelations in the impeachment probe of US President Donald Trump.. Read more at straitstimes.com.
Sumber: The Straits Times - 🏆 8. / 63 Baca lebih lajut »

US stocks dip amid trade, impeachment newsNEW YORK: Wall Street stocks declined on Thursday (Sep 26) as investors weighed somewhat better news on US-China trade talks against new ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

US stocks gain as Trump more upbeat on China talksNEW YORK: Wall Street stocks rose on Wednesday (Sep 25) following upbeat comments from Donald Trump on China trade talks as investors largely ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »