Trump’s Tariff-Terror Tactics Take Toll, Chinese Dep-PM to travel to talks anyhow, gold up on sentiment, and BMW shares down on earnings.
US blames China for backpedling on agreement, Carney hints at future hikes, Barr faces contempt charge, & CFTC seeing more bitcoin processing applications.
Trump threatens more China tarrifs amidst talks, also Chinese & British PMI improves, Bitcoin up on more indexes & US tax refunds, and Berkshire stumbles.
It all began when Bitcoin strangely added $500 on April 2nd following a rumour that the SEC was finally authorising the trading of 2 Bitcoin-based Exchange-Traded Funds. This happened after a report the day before in the Wall Street Journal, which claimed that 95% of Bitcoin trading is artificial. But there is more to the…
Powell defies the Boss, May could rething customs alliance, US taxpayers can get rebates in Bitcoin, and Berkshire-Hathaway to release on the Sabbath
FOMC expected to ignore Trump, China to ease funding, UK shop prices down, and Apple shares up on buyback and despite revenue miss.
Asia Indexes ended in the green globally yesterday and this morning, save the Nikkei (down a quarter percent) and the Hang Seng (down 0.7%). Overnight, Chinese PMIs surprised with a fractional drop to 54.3 – non-manufacturing – and 50.1 – manufacturing (50.2, according to Markit’s Caixin measure), this despite the latest support measures, which were…
Earnings continue to surprise, Brits turning towards non-EU travel destinations, and OPEC’s Trump-ordered output stronger than US production decline.
Boeing & Tesla tank, Visa & Caterpillar star, German sentiment in the dumps, and Scotland’s Maggie Chapman believes the Union is in tatters.
P&G, Twitter & Coke push S&P and Nasdaq to all-time highs, oil down on API build, May & Carney emerge shooting, and US readies for China talks next week.