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11 Jul 2018 05:11

Market View

દ્રારા પોસ્ટેડ : anibillon

NATO summit in Brussels
Before he meets with Putin next week, Trump will attend a NATO summit starting Wednesday in Brussels. His top envoy will be Hutchison, a former U.S. senator from Texas who is now the U.S. permanent representative to the transatlantic military alliance.

NATO has been a cornerstone of global peace and security for nearly 70 years. But Trump has zeroed in on what he calls unfair burden sharing, given that some NATO allies haven`t met agreed upon defense-spending levels.

Speaking to reporters Thursday, Hutchison said the "major overall theme of this summit is going to be NATO`s strength and unity." Within hours, Trump contradicted her....

11 Jul 2018 05:11

Market View

દ્રારા પોસ્ટેડ : anibillon

President Donald Trump`s ambassador to Russia, Jon Huntsman, last week ticked off a laundry list of bad acts for which he said Russia must be held accountable when Trump and Russian President Vladimir Putin meet on July 16 in Helsinki.

"Election meddling malign activities throughout Europe, including the Balkans, UK and Brexit, France and Italy, just to mention a few," Huntsman said on a call with reporters. He also cited hybrid warfare, a military strategy which combines conventional tactics with coordinated political interference and cyberattacks.

Less than 24 hours after Huntsman took a hard line, Trump did the opposite.

"Putin is fine. He`s fine. We`re all fine, we`re all people," Trump said at a political rally in Great Falls, Mont., on Thursday night. "Getting along with Russia, and getting along with China and getting along with other countries is a good thing."

For any ambassador, the task of advancing U.S. interests in a foreign country is often a tricky balancing act. But for Huntsman and Kay Bailey Hutchison, the two ambassadors who will serve as Trump`s right hands during high-stakes summits this week in Helsinki and Brussels, this challenge will be extraordinary....

11 Jul 2018 05:09

Market View

દ્રારા પોસ્ટેડ : anibillon

U.S. stock futures traded lower Tuesday night after the White House announced a list of tariffs on $200 billion in Chinese goods.

As of 7:10 p.m. ET, the implied open for the Dow Jones Industrial Average was more than 180 points lower. The implied open for the S&P 500 and the Nasdaq were also in the red.

The list unveiled late Tuesday was the latest in an ongoing trade dispute between the world`s two largest economies.

On Friday, U.S. tariffs on $34 billion worth of Chinese goods kicked in. President Donald Trump had threatened China with the prospect of additional tariffs on at least $500 billion in goods if Beijing retaliated. China went ahead and immediately levied retaliatory tariffs on the U.S.

U.S. Trade Representative Robert Lighthizer called the Trump administration`s response an "appropriate" one and said China`s retaliatory measures were "without any international legal basis or justification."...

11 Jul 2018 05:07

Market View

દ્રારા પોસ્ટેડ : anibillon

US futures slip as Trump administration seeks tariffs on $200 billion in Chinese goods...

11 Jul 2018 05:07

Market View

દ્રારા પોસ્ટેડ : anibillon

The pan-European Euro Stoxx 600 index closed half a percent higher during mid-afternoon trade, with all major bourses in positive territory.

Oil and gas stocks led the gains, boosted by commodity prices ticking higher. The sector closed 1.4 percent above the flat line. The industrials and technology sectors also both ended trade above 1 percent.

Ratings upgrades helped European shares, with Airbus, Atos and Hugo Boss all rising higher after positive research notes from investment banks.

Meanwhile, Ocado`s stock rebounded from earlier losses after its first-half earnings were dented by rising investment costs. The British online supermarket rose during afternoon trade to close 9 percent higher by the end of the day.

At the other end of the spectrum, brokerage firm TP ICAP closed 36 percent lower after firing its chief executive, John Phizackerley. The company foundered at the bottom of the European benchmark....

11 Jul 2018 05:06

Market View

દ્રારા પોસ્ટેડ : anibillon

European shares close higher as investors shift focus to earnings
European markets closed higher on Tuesday afternoon as investors looked ahead to the latest corporate earnings season.
Oil and gas stocks led the gains, boosted by commodity prices ticking higher.
British online supermarket Ocado topped the Stoxx 600, rallying to close 9 percent higher despite reporting first half earnings dented by rising investment costs....

24 Jun 2018 21:21
24 Jun 2018 13:51

Market View

દ્રારા પોસ્ટેડ : anibillon

China`s imports of sorghum in May rose 59 percent year on year to 470,000 tonnes, customs data showed on Saturday, despite an anti-dumping move by Beijing a month earlier that had roiled the grains trade.

The surprisingly large number came even after China announced in mid-April that importers of sorghum from the United States would have to put up a 178.6 percent deposit on the value of shipments.

Several cargoes of the U.S.-grown grain, used in livestock feed and the fiery Chinese liquor baijiu, were already on the water at the time, but changed course and were sold in other markets.

But China dropped an anti-dumping investigation into U.S. imports on May 18, and the data suggests that several cargoes that had not been diverted cleared Chinese customs in the final weeks of the month.

Still, the May volumes were down from the previous month`s 640,000 tonnes, when buyers brought in large volumes of the grain ahead of the start of the anti-dumping deposit.

Volumes are likely to fall further after China included the grain in a list of products that will attract tariffs of 25 percent from July 6.

The data from the General Administration of Customs does not break down the imports by country, but China imports nearly all of its sorghum from the United States in trade worth about $1.1 billion in 2017.

Trade dispute
Still, despite an escalating trade row with the United States that has cast a chill over the agricultural sector, other figures released on Saturday showed farm imports have remained robust.

Barley imports rose 23.3 percent to 770,000 tonnes, while corn imports surged to 760,000 tonnes versus last year`s 42,000 tonnes. Wheat imports rose 24.8 percent year on year to 630,000 tonnes. Even pork imports in May were relatively strong at 115,322 tonnes, down 3.6 percent year on year, but up from April`s 110,098 tonnes.

China has levied a 25 percent duty on most U.S. pork items since April 2 and will add further duties next month.

High domestic production of pork this year was also expected to curb imports. Shipments of fresh and dried fruits and nuts rose 16.3 percent year on year in May to 530,000 tonnes but dropped slightly from the previous month`s 560,000 tonnes.

China has also targeted U.S. fruit and nuts with hefty tariffs. China brought in 6.42 million cubic metres of logs in May, up 49.5 percent from last year, after China stopped heightened inspections of the wood arriving from the United States.

Customs did not release the final batch of detailed May trade data, after advising last week that it had been temporarily suspended....

Rating :      
24 Jun 2018 13:50

Market View

દ્રારા પોસ્ટેડ : anibillon

China`s sorghum imports in May jump, despite anti-dumping probe
The surprisingly large number came even after China announced in mid-April that importers of sorghum from the United States would have to put up a 178.6 percent deposit on the value of shipments.
Still, the May volumes were down from the previous month`s 640,000 tonnes, when buyers brought in large volumes of the grain ahead of the start of the anti-dumping deposit.
Despite an escalating trade row with the United States that has cast a chill over the agricultural sector, other figures released on Saturday showed farm imports have remained robust....

Rating :      
24 Jun 2018 13:47

Market View

દ્રારા પોસ્ટેડ : anibillon

Erdogan`s main challenger is 54-year-old combative former physics teacher Muharrem Ince, who is backed by the center-left main opposition Republican People`s Party, or CHP, and has wooed crowds with an unexpectedly engaging election campaign. His rallies in Turkey`s three main cities of Istanbul, Ankara and Izmir drew massive numbers.

Also challenging Erdogan is 61-year-old former interior minister Meral Aksener. The only woman candidate, she broke away from Turkey`s main nationalist party over its support for Erdogan and formed the center-right and nationalist Good Party.

Selahattin Demirtas, the candidate of the pro-Kurdish Peoples` Democratic Party, or HDP, was forced to run his campaign from prison, where he is being held in pre-trial detention on terrorism-related charges. Demirtas maintains his imprisonment is politically-motivated.

Turkey will also be electing 600 lawmakers to parliament — 50 more than in the previous assembly. The constitutional changes have allowed parties to form alliances, paving the way for Ince and Aksener`s parties to join a small Islamist party in the "Nation Alliance" against Erdogan.

The pro-Kurdish HDP was left out of the alliance and needs to pass a 10 percent threshold to win seats in parliament. If the party passes the threshold, it could cost Erdogan`s AKP and its nationalist ally in the "People Alliance" dozens of seats -- leading it to lose its parliamentary majority.

More than 59 million Turkish citizens — including 3 million expatriates — are eligible to vote in the elections, which were called more than a year earlier than scheduled in what analysts say was a pre-emptive move by Erdogan ahead of a possible economic downturn...

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