Markets

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
Markets

Global stocks tick higher after ‘constructive’ US-China trade talks conclude and investors pin hopes on early development of a vaccine

Global stocks climbed on Tuesday after the US and China held “constructive” talks about their Phase One trade deal. Japan’s Nikkei rose 1.4%, while in Europe, the broad Euro Stoxx 50 climbed 0.7% in morning trade. “Both sides had a constructive dialogue regarding stepping up macroeconomic policies coordination and the […]
Global stocks tick higher after ‘constructive’ US-China trade talks conclude and investors pin hopes on early development of a vaccine
Markets

S&P 500 closes at record high amid positive housing data and tech rally

The S&P 500 closed at a record high on Tuesday for the first since February amid positive housing-market data and a broad tech rally. Housing starts jumped by 22.6% in July, more than economists expected, showing continued strength in the housing-market recovery. Democrats and Republicans remain deadlocked in negotiations on […]
S&P 500 closes at record high amid positive housing data and tech rally
Markets

US stocks edge higher as investors mull further stimulus, US-China trade talks

US stocks edged higher on Tuesday as investors looked for signs of progress on government stimulus and US-China trade talks. Democrats and Republicans remain deadlocked in negotiations on the next stimulus bill, while t he Trump administration on Monday imposed new restrictions on Huawei. Housing starts jumped 22.6% in July, […]
US stocks edge higher as investors mull further stimulus, US-China trade talks
Markets

US stocks slide after a sharp decline in July retail sales

US stocks fell Friday after disappointing retail sales data showed the ongoing economic rebound slowed in July. Investors continue to expect further government stimulus even though talks for the next package are at a standstill. The market will also be watching for news on trade talks, as senior US and […]
US stocks slide after a sharp decline in July retail sales
Markets

‘Will you say, “Thank you, Mr. President” at least? Huh?’ — Trump said some crazy stuff to corporate bosses after signing the China trade deal

Donald Trump teased some of America’s most powerful executives at the signing of his preliminary trade deal with China on Wednesday. “I sign things, and the next night, I see them on eBay,” the president jokingly complained to eBay’s interim CEO, Scott Schenkel. “Sometimes it’s the senators and the congressmen […]
‘Will you say, “Thank you, Mr. President” at least? Huh?’ — Trump said some crazy stuff to corporate bosses after signing the China trade deal
Markets

Traders just piled the most money since 2016 into a popular emerging-markets fund — and it’s a wager that Trump’s phase-one trade deal will boost those stocks

Traders piled in to a popular emerging markets fund on Thursday as they bet on the phase-one trade deal boosting the sector’s stocks, Bloomberg reported. Investors added $US979 million into BlackRock’s iShares MSCI Emerging Markets exchange-traded fund on January 2, the largest one-day inflow for the ETF since 2016. The […]
Traders just piled the most money since 2016 into a popular emerging-markets fund — and it’s a wager that Trump’s phase-one trade deal will boost those stocks
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