News Stocks 

European stocks slip as investors wait for U.K. election and central bank meetings

“European stocks slipped on Wednesday, as investors waited for the outcome of big central bank meetings, a U.K. election and U.S.-China trade developments” writes Markets Reporter for marketwatch.com. Neither central bank is expected to announce a policy change.Among stocks on the move, shares of Credit Suisse Group CSGN, -0.31%  fell 0.4%.The German DAX 30 index DAX, +0.21%  was flat at 13,080, while the French CAC 40 PX1, -0.12%  fell 0.2% to 5,835.96. Source: marketwatch.com

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Missouri teacher put on leave after asking 5th-grade students to put price on a slave

“You begin to get involved in the slave trade industry and have slaves work on your farm” writes Cleveland Com for cleveland.com. OAKVILLE, Missouri — An assignment in which fifth-grade students were asked to “set your price for a slave” has led to the teacher being placed on leave after outraged parents complained to school administrators, reports say.Set your price for a slave.Your product to trade is slaves. Source: cleveland.com

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‘Eleventh hour’ US-China trade deal could happen before tariffs kick in Sunday, analysts say

“U.S. President Donald Trump announced in October that the initial deal would be completed before the end of the year” writes Weizhen Tan for cnbc.com. The U.S. and China will probably announce some form of trade deal ahead of Sunday — when additional tariffs on Chinese goods are due to kick in — and that’s going to boost financial markets, say analysts. Markets are already anticipating that some form of an initial deal will be signed, said Eric Robertson, global head of foreign exchange, rates and credit research at Standard…

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US Army plans to fund construction of rare earths processing facilities – report

“For added context, it would mark the first financial investment by the US military into commercial-scale rare earths production since the Manhattan Project during WWII. In part, this also has much to do with the ongoing trade war with China as China refines most of the world’s rare earths and had previously threatened to stop exporting them to the US – basically using their position as leverage in trade negotiations” reports forexlive.com. The move above essentially says that the US is looking towards establishing a more domestic-based rare earths supply…

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Good news on the USMCA; now let’s get some more free trade deals

“As a candidate, Trump claimed during the 2016 election that he is not against trade deals, only dumb trade deals” reports washingtonexaminer.com. It may confer a political benefit on him and his reelection effort, but this effect is the result of the common good that the trade deal serves.Free trade has become unfashionable in the Trump era, with even conservatives talking up the value of industrial policy and trade barriers as economic or national security measures.Meanwhile, Trump should continue to negotiate more such deals — with China, with the Pacific…

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Pound slips on UK poll projections, dollar eyes Fed meeting

“It is almost unanimously expected to leave interest rates unchanged on Wednesday” reports cnbc.com. Economic uncertainty stemming from the U.S.-China trade war has prompted the U.S. Federal Reserve to cut interest rates three times this year.It also slipped to 0.8455 pound per euro, off its 2 1/2-year high of 0.8394 touched earlier this week.The dollar was traded at 108.80 yen, flat in early Asia after a gain of 0.15% the previous day. Source: cnbc.com

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The USMCA is a new arrow in Trump’s reelection quiver

“In the end, this deal is a good free trade deal, one that most conservatives can get behind” reports washingtonexaminer.com. That matters because Trump’s reelection rests on his ability to unify the Republicans and independent moderates under a narrative of economic growth.Trump campaigned on replacing NAFTA with a trade deal that better served American workers, and now he has one.After all, for Republican voters and business owners who value free trade and are skeptical of Trump’s unpredictability and rhetorical excesses, the USMCA shows that Trump’s populism isn’t the be-all and…

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News Regulators Stocks 

Stocks in Asia edge up ahead of Fed interest rate decision

“Stocks in Asia were little changed in Wednesday morning trade ahead of the U.S. Federal Reserve’s interest rate decision due later in the day stateside” writes Eustance Huang for cnbc.com. That comes as markets have been expecting a “phase one” trade deal to be reached between Washington and Beijing.Investors await the Fed’s final interest rate decision for the year, expected later Wednesday stateside, with expectations that the central bank will keep the rate on hold. Source: cnbc.com

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