Tokyo opening news digest
|Trump’s ploy of dangling the threat of steel and aluminum tariffs combines (i) an across-the-board, multilateral approach and (ii) a set of bilateral exemptions to be negotiated by-country. It’s clever but a timebomb nonetheless. One that has huge downside risks for the U.S. and the world economy.|
|Yes! Yes! No! Freud once called himself ‘One of those who have disturbed the sleep of the world.’ Today, it’s Trump’s turn. While you’ll find a solid consensus on earnings advancement for the S&P 500 Index, there’s near dead silence on an appropriate multiplier, the P/E ratio.|
|The political legitimacy of PM Shinzo Abe may trigger risk aversion and a stronger JPY while institutions look to potential of 100 JPY per USD|
|Traders can look to technical extremes on short-term momentum dynamics to spot opportunities. Currently, the Australian Dollar is flashing red in this respect.|
|The president issued an executive order blocking the acquisition on Monday.|
|President Donald Trump signed an executive order late Monday that blocks Broadcom Ltd.’s AVGO, +3.57% acquisition of Qualcomm Inc. QCOM, -0.35% citing|
|Republican members of the House Intelligence Committee said late Monday they had found no evidence that the Trump campaign colluded with Russians, and|
|AT&T Inc. T, +0.84% Chief Executive Randall Stephenson received $28.7 million in compensation in 2017, which the company said Monday was 366 times the|
Q: What will happen if the DOW average falls any further?
A: They’ll add a N to the end of it!
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Have a nice trading!