Markets News 

Gold prices fall as easing trade worries lead to riskier bets

“Spot gold was down 0.1% at $1,473.88 per ounce, as of 0050 GMT. U.S. gold futures were down 0.2% at $1,478.60” reports cnbc.com. Gold prices inched lower on Monday as investors moved to riskier assets following the announcement of an interim deal between the United States and China that cooled a 17-month-old trade dispute. Elsewhere, palladium rose 0.6% to $1,941.09 an ounce, silver shed 0.1% to $16.92 per ounce, while platinum fell 0.2% to $926.08.People mining gold in a traditional way at a river dam in Sausi, Parigi Moutong in…

Read More
News 

Agreement Swaps Tariff Rollbacks for Farm, Energy Purchases

“The deal will provide more protection for foreign companies in China, and Chinese companies in the United States, Chinese officials said” writes Min Read for reuters.com. The United States would suspend tariffs on Chinese goods due to go into effect on Sunday, and reduce others, officials said.U.S. markets have gyrated on rumors and leaks about the trade deal in recent months, but were muted on Friday on news it had been agreed. Source: reuters.com

Read More
News Stocks 

Lumber Liquidators shares rise after tariff reversal gives operating income a boost

“Lumber Liquidators stock is down 7.4% for the last 12 months while the S&P 500 index SPX, +0.29% is up 18.5% for the period” writes Tonya Garcia for marketwatch.com. The tariffs were implemented at 10% in Sept. 2018 and were raised to 25% in June 2019.The exclusions apply to tariffs imposed from Sept. 24, 2018 to Aug. 7, 2020. Source: marketwatch.com

Read More
Markets News Stocks 

Stocks close lower on Wall Street ahead of tariff deadline

“The Russell 2000 index of smaller company stocks rose 0.1%” reports thebusinessjournal.com. (AP) — Stocks are closing slightly lower on Wall Street following reports that the U.S. may delay a new round of tariffs on Chinese goods .TRADE WOES: Stocks have been swinging for months on every hint of progress in trade talks between Washington and Beijing .Stocks held steady on Wall Street in afternoon trading Tuesday as investors considered reports that the U.S. will delay a new round of tariffs on Chinese goods.The sector is particularly sensitive to trade…

Read More
News Stocks 

Stocks open lower as investors eye report of December tariff delay

“U.S. stocks opened slightly lower on Tuesday even after news reports indicated both Washington and Beijing were preparing to delay tariffs due to kick in on Dec. 15” writes Sunny Oh for marketwatch.com. Stock-market futures were trading sharply lower in the morning but shed their losses towards the opening bell. Source: marketwatch.com

Read More
Markets News Stocks 

European stocks seen slightly lower ahead of US-China tariff deadline, UK election

“European stocks were seen opening slightly lower on Tuesday’s trading session as doubts abound over whether the U.S. and China can strike a partial trade accord before the next tariff deadline on Sunday, December 15” writes Elliot Smith for cnbc.com. On the data front, the ZEW economic sentiment index for the euro area in December is due at 10 a.m.Britain’s political parties are heading into the home stretch of campaigning ahead of Thursday’s landmark general election, which will be pivotal for Brexit and economic policy. London time along with industrial…

Read More
News 

France ready to take Trump’s tariff threat to WTO: Le Maire

“PARIS (Reuters) – France is ready to go to the World Trade Organization to challenge U.S. President Donald Trump’s threat to put tariffs on champagne and other French goods in a row over a planned French tax on internet companies, the finance minister said on Sunday” writes Midwest Communications Inc for 95kqds.com. “We are ready to take this to an international court, notably the WTO, because the national tax on digital companies touches U.S. companies in the same way as EU or French companies or Chinese. Source: 95kqds.com

Read More
News 

Trade war goes digital: countries eye tariffs on Internet economy

“Pressure is now growing to lift the ban as more books and movies become digital, potentially reducing revenues further” writes Midwest Communications Inc for 95kqds.com. “More and more production is going to be digitized in future so developing countries will lose tariff revenues,” Rashmi Banga, the report’s author, said.Indonesia created tariff codes for digital goods in 2018, fixing the level at 0 percent for now.Should the moratorium end, it does not mean that tariffs will immediately follow, and Mlumbi-Peter stressed that. Source: 95kqds.com

Read More
Markets News Stocks 

Asian stocks inch up on trade outlook but markets remain wary

“The fluid situation around Sino-U.S. trade negotiations has cast a pall on financial markets heading into Christmas, with major economies grappling under the weight of weak exports, investments and corporate profits” writes Midwest Communications Inc for 95kqds.com. Trump’s comments marked a reversal from Tuesday when he roiled global markets by saying a trade deal may not come until after the 2020 U.S. presidential election.Investors were quick to latch on to a Bloomberg report on Wednesday that Washington and Beijing are closer to agreeing how many tariffs would be rolled back…

Read More
News 

EU seeks talks with U.S. on French goods tariff threat, ready to act

“BRUSSELS (Reuters) – The European Union would prefer talks with the United States to discuss Washington’s threat of tariffs on French luxury goods, but is ready to take action if that fails, the head of the European Commission Ursula von der Leyen said on Wednesday” writes Midwest Communications Inc for 95kqds.com. “I think with the announcement of potential tariffs or putting them in fact, we have to be careful to choose our words,” von der Leyen told a briefing in response to a question. Source: 95kqds.com

Read More