No Picture
Trading Ideas

Markets hope for positive signs from Trump trade speech

U.S. President Donald Trump is scheduled to discuss the country’s trade policy at the Economic Club of New York on Tuesday, and the markets are likely to hang on every word. Trump’s lunchtime address at the club, which has hosted U.S. presidents including Woodrow Wilson and John F. Kennedy, as well as foreign leaders like former Soviet President Mikhail Gorbachev https://www.econclubny.org/legacyarchive/-/blogs/1992-mikhail-gorbachev and Chinese Premier Li Keqiang https://www.ncuscr.org/content/full-text-premier-li-keqiangs-speech, will be closely watched by investors anxious for any positive news about his administration’s long-running trade war with China. “You can expect the president to highlight how his policies of lower …read more […]

No Picture
Trading Ideas

Oil drops as market awaits news on trade talks, oversupply concerns weigh

U.S. oil prices fell for a second day on Tuesday, weighed down by uncertainty over whether U.S.-China trade talks are making much progress, while higher Saudi Arabian crude output reinforced concerns about oversupply. U.S. West Texas Intermediate (WTI) crude was down 18 cents, or 0.3%, at $56.68 a barrel. Brent crude futures were down 14 cents, or 0.2%, at $62.04 a barrel by 0256 GMT, after falling 0.5% on Monday. …read more […]

No Picture
Trading Ideas

GLOBAL MARKETS-Asia shares left guessing on trade, await Trump speech

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up a slight 0.04%, following a sharp 1.2% pullback on Monday. Caution ruled ahead of a speech by U.S. President Donald Trump to the Economic Club of New York later in the day in case there was any new word on the Sino-U.S. Phase one trade deal. On a more positive note, Politico reported Trump would announce this week that he is delaying a decision on whether to slap tariffs on imported European Union autos for another six months. …read more […]