UK production dives, US expands Iran sanctions & warns China against HK extradition law – undermines confidence, competitiveness, endangers foreigners.
Equities ignore eco-data in US & Europe, China threatens firms on sanctions cooperation, Peso recovers on tariff delay, and oil down on huge rig cut.
China reports trade balance Monday June 10 at 2:00 AM. Will it reflect the ongoing trade war with the US?
Fiat-Chrysler cancels Renault deal – cite “stifling” French politics, rare earths up 14% in 3 weeks, Dow down on Trump’s Mexico tweet, and oil stocks surge.
Markets flourish as FED head promises to respond to trade war troubles, China issues US travel warning, and EU castigates Greece (& Italy).
Trump visits the Queen. China cheats on rules of origin, UK mfg shrinks in May, & Congress to investigate Facebook, Amazon, Google – shares crash.
China says US was the talks backtracker, Europeans & Asians shunning UK goods, RBA to lower Ausie rates, and FAA warns 737 wings cracking.
Also, UK car production halved by Brexit, Germany unemployment rises for 1st time in 6 years, and rare earth threat buries indexes.
The drugmaker is accused of misrepresenting opioids, leading to 70,000 deaths, also China to limit rare-earth exports, & Salvini to take budget rules to EP.
The Chinese firm is returning to where it delisted in 2012 before breaking the NYSE record with its 2014 $21bn IPO, BTC at new high, & NY to replace London