News 

Trump downplays March 1 deadline for China to make trade concessions

“President Trump downplayed the March 1 deadline for China to make trade concessions Tuesday, suggesting that the date is not a major factor in talks between the countries” reports washingtonexaminer.com. The date is not a magical date,” Trump told reporters when asked if the administration could complete the talks by the original deadline.Last week, administration officials began leaking to news outlets that that it may no longer hold to March 1 as the deadline. On Friday, Trump confirmed that the deadline could be disregarded, telling reporters that “there is a…

Read More
News 

Sen. Ron Wyden, D-Ore., called on the White House Tuesday to release a confidential internal report on the potential need for auto and auto parts tariffs.

“Ron Wyden, D-Ore., called on the White House Tuesday to release a confidential internal report on the potential need for auto and auto parts tariffs” reports washingtonexaminer.com. Trump has interpreted that authority broadly to justify imposing tariffs on steel and aluminum imports and has threatened to impose a 25 percent tariff on auto and auto parts imports. “Decreased sales will mean fewer American jobs with wide-ranging effects across our economy that could prove catastrophic.”. The Commerce Department delivered the report to the White House Sunday, but the administration has indicated…

Read More
Crypto Futures Markets News 

Bitcoin Again Tests $4K Amidst Anticipation of US and China Trade Deal Finalization

“Ethereum (ETH), the second-largest cryptocurrency by market cap, is up about 3.5 percent, approaching $150” writes Helen Partz for cointelegraph.com. U.S. gold futures increased by 0.3 percent to $1,326.1 an ounce.Tuesday, Feb. 19: crypto markets have continued gaining momentum, with all of the top 20 coins by market cap seeing green and Bitcoin (BTC) testing $4,000 again, according to CoinMarketCap.Daily trade volume has continued gaining momentum, currently seeing a slight decline from $36 billion to $35 billion.As the U.S. dollar reportedly weakened on anticipation of the U.S. and China trade…

Read More
Markets News Stocks 

Stocks trade mixed as U.S. and China kick off latest round of trade talks; Walmart jumps

“U.S. stocks struggled for direction Tuesday as U.S. investors return from a three-day weekend as another round of U.S.-China trade talks begins in Washington” writes Deputy Markets Editor for marketwatch.com. Gains last week were fueled in part by upbeat expectations surrounding U.S.-China trade negotiations.In Europe, stocks were trading lower Tuesday, with the Stoxx Europe SXXP, -0.27% down 0.4%.AAP, +1.37% stock fell 0.6%, after the firm reported fourth-quarter profits that topped analyst forecasts but saw same-store sales growth fall short. Source: marketwatch.com

Read More
News 

Japan’s Banking, Insurance Markets Link SMBs To US Trade Via Amazon

“Tokio Marine will link small businesses with insurance to protect against the risk of product damaged during shipment or storage, or consumer lawsuits” reports pymnts.com. According to reports, small businesses in Japan struggle to overcome barriers like the high cost of logistics, or insurance costs to protect against scenarios like consumer lawsuits.Reports added that the companies may consider expanding their venture into other cross-border markets, depending on the success of the initiative with U.S. trade. Source: pymnts.com

Read More
Markets News Stocks 

‘Panic buying’ likely to drive stock market higher in the near term

“The surge in stocks comes as investors increasingly bet China and the U.S. will strike a trade deal in the near future” writes unknown author for cnbc.com. “Systematic trend followers that had temporarily suspended buying after the weak US retail sales print have also been compelled to follow the market by adding fresh longs.”. “It seems a ‘panic buying’ mood, with purchases by investors who had been lagging the broader market, has strengthened,” Masanari Takada, a cross-asset strategist at Nomura, said in a note Monday.Stocks could get a short-term boost…

Read More
News Oil 

U.S. oil climbs on tightening supplies; Brent oil edges lower

“Crude-oil futures on Tuesday saw mixed trade, with international benchmark Brent crude edging lower, while the U.S. benchmark rose amid reports of falling Saudi Arabian exports” writes Sarah Mcfarlane for marketwatch.com. The data confirmed comments from the Kingdom’s oil minister who said earlier this month that the country would further cut output.Trade talks between the U.S. and China were also being watched for further signs that could boost crude prices.West Texas Intermediate crude oil CLH9, +0.94%  gained 49 cents, or 0.9%, at $56.49 a barrel, while April Brent LCOJ9, -0.24%…

Read More
Futures News 

Stock-index futures edge down ahead of latest U.S.-China trade talks

“Stock-index futures traded slightly lower Tuesday as U.S. investors return from a three-day weekend and ahead of another round of U.S.-China trade talks” writes Deputy Markets Editor for marketwatch.com. Gains last week were fueled in part by upbeat expectations surrounding U.S.-China trade negotiations.Futures on the Dow Jones Industrial Average YMH9, -0.24%  fell 44 points, or 0.2%, to 25,844, while S&P 500 futures ESH9, -0.28%  were off 5.85 points, or 0.2%, to 2,771.25.Nasdaq-100 futures NQH9, -0.25%  declined 14.25 points, or 0.2%, to 7,049.50. Source: marketwatch.com

Read More
Markets News Stocks 

European markets struggle as investors respond to HSBC and BHP earnings

“European stocks were down on Tuesday, as investors responded poorly to earnings from HSBC and BHP Group while trade negotiations between the U.S. and China continue in Washington” writes Emily Horton for marketwatch.com. The markets mainly reacted to the latest set of company earnings from heavyweights HSBC Holdings PLC HSBC, +1.01% HSBA, -3.98% HSBA, -3.98% and the world’s largest listed miner by market value BHP Group BHP, -1.03% HSBC Holdings PLC HSBC, +1.01% HSBA, -3.98% reported lower than expected fourth-quarter profits, leading to a 3% drop in the share price.Results…

Read More