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Japan exports slow to crawl on global slowdown, trade tensions

“Japan’s export volume is slow to expand against the backdrop of global economic slowdown,” said Toru Suehiro, senior market economist at Mizuho Securities” writes unknown author for cnbc.com. As such, Japan’s exports will struggle to pick up for the time being.”. The trade data highlights rising external risks for Japan’s export-led economy, and comes as the Bank of Japan reviews policy at a two-day meeting that ends Thursday.Analysts expect exports to be a drag on the economy over the coming quarters as external demand ebbs.In volume terms, exports fell 1.9…

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Treasury Sec. Mnuchin says U.S., China will meet again in January: Bloomberg

“Treasury Secretary Steven Mnuchin said the U.S. and China will meet in January to try to broker a cease-in the ongoing trade dispute, in an interview with Bloomberg on Tuesday” writes Markets Reporter for marketwatch.com. He also said U.S. President Donald Trump had also not had direct chats with China about a detained executive from Huawei Technologies Co., and that the issue was separate from trade, something which China understands. Source: marketwatch.com Share This:

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Stock market woes raise a nagging fear: Is a recession near?

“Both the previous two U.S. recessions overlapped with stock market sell-offs” reports thebusinessjournal.com. (AP) — Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression.The fact is that the stock market captures just a piece of the broader U.S. economy.The fact is that economic growth around the world is slowing, including in the United States as the benefits from the tax cuts wane. Source: thebusinessjournal.com Share This:

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Takeda Pharma’s ADRs to trade on NYSE

“The company’s ADRs, which currently trade over the counter, will trade under the symbol TAK. Takeda will keep its headquarters in Japan and its primary listing on the Tokyo Stock Exchange” writes Claudia Assis for marketwatch.com. Ltd. said late Tuesday its American depositary shares will start trading on the New York Stock Exchange on Dec. 24. Source: marketwatch.com Share This:

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After epic run, the tech ‘FAANG’ trade is no longer Wall Street’s favorite

“Bank of America Merrill Lynch also released it survey of fund managers on Tuesday” writes unknown author for cnbc.com. But now, the dollar has become fund managers’ number one trade.Shares of technology giants have fallen out of favor with fund managers, replaced by bets on the U.S. dollar as the most crowded trade.Amazon shares also have fallen since the company reached a $1 trillion valuation earlier this year.Over the past three months, Apple shares have plunged more than 20 percent, while Facebook shares have fallen 13 percent. Source: cnbc.com Share This:

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Bernstein downgrades tech sector, looks for cheap buys

“AB Bernstein downgraded technology stocks to “market weight” from “modest overweight,” citing potential headwinds including high valuations and trade tensions” writes Yuriko Nakao for cnbc.com. In the meantime, some tech names with losses as much as 50 percent over the past six months have become very attractive, said a team of tech analysts at Bernstein, who recommend picking up cheap tech stocks in 2019. “We also worry about the risk of an escalating trade war, which could trigger increased prices – resulting in negative demand elasticity – for consumer technology…

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Plunging oil prices pull energy stocks lower, erasing gains

“On Tuesday, the Energy Information Administration said U.S. shale oil production will keep climbing in January, and the Wall Street Journal reported that oil production in Russia reached a record high in December” writes Marley Jay for seattletimes.com. NEW YORK (AP) — U.S. stocks are broadly lower Tuesday afternoon, and energy companies are falling after the price of crude oil plunged another 7 percent.The companies have taken huge losses this year as rising mortgage rates and prices have reduced home sales.Higher rates can slow economic growth, something investors are already…

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The Fed’s next decision is its most important in recent memory — and the future of the stock market is at stake

“The blonde-haired elephant in the room when it comes to the Fed decision is President Donald Trump’s continued insistence upon criticizing the Fed” writes Joe Ciolli for businessinsider.com. They’ll devour any bit of guidance from Powell and his colleagues for any hint of what’s ahead for interest rates.If the central bank signals too much future monetary tightening for the market’s tastes, the 10-year bull market could meet its demise.A big part of that stems from the turbulence that’s rocked the stock market in recent weeks.Read more:We just got the most…

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