European stocks back in red on China trade threat to US August 15, 2019 European stock markets have fallen firmly into the red after China’s finance ministry said the government has to retaliate against the latest US tariffs on $300bn worth of its goods. Read more: Recession warning lights flash red as UK and US ‘yield curves’ invert The ministry also said the move by US President Donald Trump [...]
Carlsberg boosts earnings thanks to higher sales of premium beers August 15, 2019 Carlsberg boosted earnings and improved its operating margins in the first half of the year, thanks to greater sales of its more expensive beers. The Danish brewer said its sales increased 6.5 per cent in the first-half today, despite declining sales in its key market Russia. Russia sales fell three per cent due to price [...]
Asian stock markets regain ground despite warning lights for global economy August 15, 2019 Asian stock markets have bounced somewhat following a tweet from US President Donald Trump floating a personal meeting with Chinese President Xi Jinping and saying “good things were stated” on a phone call between the two sides. Read more: Recession warnings flash red as ‘yield curve’ inverts in UK and US Equities in Asia recovered [...]
Recession warning lights flash red as UK ‘yield curve’ inverts August 14, 2019 Warning lights are flashing for the UK economy after the government bond “yield curve” inverted this morning for the first time since 2008. An inversion is traditionally seen as a steadfast indicator of an upcoming recession. Read more: Into the red: UK economy shrinks for first time in seven years The curve is the difference [...]
European stock markets slip back into red after German economy shrinks August 14, 2019 European stock markets have fallen into the red this morning after Germany’s economy shrank in the second quarter. Read more: German economy shrinks in second-quarter as exports slump Equities were also levelling out after US President Donald Trump put a rocket under global markets yesterday by announcing his country would hold back on some planned [...]
Hong Kong’s airport reopens as Chinese officials describe protesters as ‘terrorists’ August 14, 2019 Hong Kong’s airport reopened today after two days of chaos which saw hundreds of flights cancelled. China’s Hong Kong liaison officer said today that the protesters were not different to “terrorists” raising fears of a violent crackdown as Chinese troops massed along the border. The Beijing-based Hong Kong and Macau Affairs office said extremely violent [...]
Chinese industrial output growth slows to 17-year low August 14, 2019 China’s industrial output growth slowed to a 17-year low in July as the signs mount that the trade war with the US is beginning to take a toll on the world’s second-largest economy. The 4.8 per cent year-on-year growth in factory output was the weakest since February 2002 and far below economists’ expectations of a [...]
US pulls back from applying fresh tariffs to Chinese tech goods August 13, 2019 The Trump administration has pulled back from slapping tariffs on certain products from China such as laptops and mobile phones, providing relief for jittery global investors. Read more: Tariffs hurting US manufacturers, says Trump’s ex-economic adviser At the start of the month the US announced it would apply 10 per cent tariffs to $300bn of [...]
Third of investors expecting recession as trade war fears loom August 13, 2019 More than one in three investors are forecasting a global recession in the next 12 months, marking an eight-year high as trade war worries linger over markets across the world. In the highest recession probability level since October 2011, 34 per cent of investors surveyed by Bank of America Merrill Lynch have said they think [...]
From subsidies to social unrest, China is keeping markets awake August 13, 2019 August has already been eventful for US-China relations. Last week, China suspended purchases of US farm products in response to an escalation in American tariffs, meaning that President Donald Trump won’t get the great agriculture orders that he tweeted about so enthusiastically in June. African Swine Fever means that there are fewer pigs in China [...]