Trading Ideas

No Picture
Trading Ideas

Asian shares extend gains on trade deal hopes, U.S. job boost

November 4, 2019 admin Comments Off on Asian shares extend gains on trade deal hopes, U.S. job boost

Asian shares rose to 14-week highs on Monday as growing optimism over U.S.-China trade talks and upbeat U.S. job data boosted global investors’ appetite for riskier assets. The United States and China both said on Friday that they had made progress in talks aimed at defusing their protracted 16-month-long trade war, and U.S. officials said a deal could be signed this month. “As much as the U.S.-China trade updates continue to point to a Phase 1 deal looking like a certainty, the contentious issues on whether the U.S. will cancel the planned December tariffs and remove some of …read more […]

No Picture
Trading Ideas

UPDATE 1-Under Armour faces U.S. federal probe over accounting practices -WSJ

November 4, 2019 admin Comments Off on UPDATE 1-Under Armour faces U.S. federal probe over accounting practices -WSJ

Under Armour Inc is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday. The Baltimore-based company confirmed that it is under investigation and is cooperating with the Justice Department and U.S. Securities and Exchange Commission. It also defended its accounting practices and disclosures. …read more […]

No Picture
Trading Ideas

Stocks Rise With Aussie Yields on Trade Optimism: Markets Wrap

November 4, 2019 admin Comments Off on Stocks Rise With Aussie Yields on Trade Optimism: Markets Wrap

(Bloomberg) — Stocks edged higher in Asia and American equity futures advanced amid optimism China and the U.S. are moving closer to an interim trade deal. Australian bond yields climbed.Shares rose in Sydney and Seoul, though a capital raising at one of Australia’s largest banks capped the positive sentiment. Contracts on the S&P 500 edged up after the index rose 1% on Friday to a fresh all-time high when data showed the economy added more jobs than forecast. South Africa’s rand advanced after the country clung on to its investment-grade credit rating. Markets are shut in Tokyo, so Japanese equities …read more […]

No Picture
Trading Ideas

Saudis Save Up for Aramco Share Sale Many See as One-Way Bet

November 4, 2019 admin Comments Off on Saudis Save Up for Aramco Share Sale Many See as One-Way Bet

(Bloomberg) — It’s the day so many ordinary Saudis have eagerly awaited.The sale of shares in their national oil giant, Aramco, has been three years in the making and fraught with delays. The buzz in Riyadh is now not if, but when people can own a piece of the most profitable company on the planet. Provided, of course, they have the money.“We knew it was a matter of time, so all the talk in the office was everybody save up, have some cash ready to go,” said Nosaibah Alrajhi, 30, who founded and runs a financial services company. “I have …read more […]

No Picture
Trading Ideas

Fitbit Is Moving Out of China. Until Then, It Wants Relief From Tariffs

November 4, 2019 admin Comments Off on Fitbit Is Moving Out of China. Until Then, It Wants Relief From Tariffs

(Bloomberg) — Fitbit Inc., soon to be acquired by Google, says it’s shifting manufacturing operations out of China for its health trackers and smartwatches to avoid U.S. tariffs. But until then, it wants relief from President Donald Trump’s duties.The smartwatch maker has filed a request for an exclusion on the 15% duty that took effect Sept. 1 on its wrist-wearable communications devices, saying that while its goal is to eliminate the use of Chinese manufacturers, it “respectfully requests” a tariff waiver for its smartwatches and fitness trackers now imported from China.The duties will allow Chinese firms such as Huawei Technologies …read more […]