Global stock markets edged lower on Tuesday, as the previous session’s strong rally ran out of steam after U.S. President Donald Trump appeared to quash hopes of a trade truce with China at the upcoming G20 Summit.
European auto stocks extended losses on Tuesday after a German magazine reported that U.S. President Donald Trump could impose tariffs on imported cars from next week.
U.S. stocks declined on Tuesday after President Donald Trump’s threat to move ahead with additional tariffs on Chinese goods dampened hopes of resolving the trade spat at the upcoming G20 Summit.
The Federal Reserve should be even more attentive to new economic data as its gradual interest-rate hikes edge it ever closer to a neutral stance, the U.S. central bank’s second-in-command said on Tuesday.
(The Nov. 26 story corrects paragraphs 4 and 5 to show the SEC filed charges against Musk and Tesla, and that Musk and Tesla settled those charges without admitting or denying the SEC’s allegations)
A senior executive at Mitsubishi Motors Corp said on Tuesday its alliance with Nissan Motor and Renault SA can survive management upheaval, a day after it fired Carlos Ghosn as chairman over financial misconduct allegations.
For nearly two years the U.S. Federal Reserve has pushed ahead with steady rate increases in an economy that has done better than expected, boosted by government spending, tax cuts, and global growth that made the Fed’s policy choices seem almost a footnote.
U.S. stocks opened lower on Tuesday after President Donald Trump said he would move ahead with additional tariffs on Chinese goods, dampening hopes of resolving the ongoing trade spat at the upcoming G20 Summit.
The U.S. Federal Reserve ultimately wants to have the smallest balance sheet possible while still being able to control its policy rate, Fed Vice Chair Richard Clarida said on Tuesday.
The Federal Reserve should continue gradually raising interest rates but it is “especially important” to closely monitor new economic data since U.S. monetary policy is getting close to a neutral stance, the Fed’s second-in-command said on Tuesday.
Wall Street was set to open lower on Tuesday after President Donald Trump said he would move ahead with more tariffs on Chinese goods, dampening optimism of resolving the ongoing trade spat at the upcoming G20 Summit.
The European Union called on Washington on Tuesday to start talking over ways of reforming the World Trade Organization to prevent a paralysis of the international body.
The chief executive of Germany’s Lufthansa said he expects the company to take part in more consolidation in the industry that will eventually leave three global carriers in Europe.
U.S. stock index futures dipped on Tuesday following a rally in the previous session after President Donald Trump said he would go ahead with additional tariffs on Chinese goods, dampening hopes of resolving the ongoing trade dispute.
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