China’s defense spending is growing more slowly. But that doesn’t mean military tensions are easing

China announced Tuesday that military spending will grow at a slower pace than last year, but one analyst cautioned that it should not be interpreted to mean that military tensions with the United States will ease. At its annual parliamentary meeting, the National People’s Congress, Beijing set its 2019 defense spending at 7.5 percent higher than a year ago — or 1.19 trillion yuan ($177.61 billion). Military tensions between the U.S. and China have been on the rise in recent years as Beijing tak


China announced Tuesday that military spending will grow at a slower pace than last year, but one analyst cautioned that it should not be interpreted to mean that military tensions with the United States will ease. At its annual parliamentary meeting, the National People’s Congress, Beijing set its 2019 defense spending at 7.5 percent higher than a year ago — or 1.19 trillion yuan ($177.61 billion). Military tensions between the U.S. and China have been on the rise in recent years as Beijing tak
China’s defense spending is growing more slowly. But that doesn’t mean military tensions are easing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: kelly olsen, str, afp, getty images, vcg
Keywords: news, cnbc, companies, doesnt, tensions, mean, military, heath, sea, growing, easing, beijing, defense, slowly, china, chinas, spending, slower


China's defense spending is growing more slowly. But that doesn't mean military tensions are easing

China announced Tuesday that military spending will grow at a slower pace than last year, but one analyst cautioned that it should not be interpreted to mean that military tensions with the United States will ease.

At its annual parliamentary meeting, the National People’s Congress, Beijing set its 2019 defense spending at 7.5 percent higher than a year ago — or 1.19 trillion yuan ($177.61 billion).

That’s lower than the 8.1 percent growth in 2018 and far below double-digit increases of previous years — though analysts have long questioned how accurately the budget reflects actual spending.

Military tensions between the U.S. and China have been on the rise in recent years as Beijing takes a more assertive stance on territorial claims in the South China Sea and East China Sea, as well as over Taiwan — a self-ruled territory which Beijing claims as its own.

But slower growth in defense spending doesn’t mean tensions with Washington have ceased, warned Timothy Heath, senior international defense researcher at U.S. think tank Rand Corporation.

In fact, the stated amount is less important than what it’s used for, Heath told CNBC’s “Squawk Box” on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: kelly olsen, str, afp, getty images, vcg
Keywords: news, cnbc, companies, doesnt, tensions, mean, military, heath, sea, growing, easing, beijing, defense, slowly, china, chinas, spending, slower


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Japan’s central bank says it’s ready to ramp up stimulus if a strong yen derails inflation target

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target. “If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said. Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to


Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target. “If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said. Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to
Japan’s central bank says it’s ready to ramp up stimulus if a strong yen derails inflation target Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: akio kon, bloomberg, getty images
Keywords: news, cnbc, companies, remarks, inflation, tools, policy, central, yen, derails, sharp, ramp, economy, ready, japans, target, stimulus, easing, boj, impact, strong


Japan's central bank says it's ready to ramp up stimulus if a strong yen derails inflation target

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank was ready to ramp up stimulus if sharp yen rises hurt the economy and derail the path towards achieving its 2 percent inflation target.

But he said the BOJ would carefully weigh the benefits and costs of any further policy easing, suggesting that the hurdle for topping up stimulus would be high given how financial institutions’ profits have been hurt by years of near-zero interest rates.

“Currency moves could have an impact on the economy and prices, so it’s crucial we take into account these factors when guiding monetary policy,” Kuroda told parliament.

“If (currency moves) are having an impact on the economy and prices, and if we consider it necessary to achieve our price target, we’ll consider easing policy,” he said.

Kuroda made the remarks in response to a question by an opposition lawmaker on whether the BOJ had the necessary tools to boost stimulus to counter the pressure from a sharp yen rise.

The dollar received a mild lift versus the yen after Kuroda’s remarks. It stood little changed at 110.655 yen after dipping as low as 110.45 earlier in the day.

Kuroda repeated that possible monetary easing tools the BOJ could deploy included cutting short- and long-term interest rates, expanding asset buying or accelerating the pace of money printing.

“Whatever we do, however, we need to carefully balance the benefits and the costs of the step such as the impact on financial intermediation and market functioning.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: akio kon, bloomberg, getty images
Keywords: news, cnbc, companies, remarks, inflation, tools, policy, central, yen, derails, sharp, ramp, economy, ready, japans, target, stimulus, easing, boj, impact, strong


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A key tax deduction for telecommuters is gone. Here are options for easing the pain

Telecommuters who used to be able to write off the cost of working from home could face a higher tax bill this year. The Tax Cuts and Jobs Act, which took effect in 2018, eliminated the ability for employees to write off business expenses that are unreimbursed by their company. For workers whose employer allows them (or wants them) to telecommute full-time, losing that tax break might be painful. “For people who work 100 percent at home, the loss of that deduction could be substantial,” said Car


Telecommuters who used to be able to write off the cost of working from home could face a higher tax bill this year. The Tax Cuts and Jobs Act, which took effect in 2018, eliminated the ability for employees to write off business expenses that are unreimbursed by their company. For workers whose employer allows them (or wants them) to telecommute full-time, losing that tax break might be painful. “For people who work 100 percent at home, the loss of that deduction could be substantial,” said Car
A key tax deduction for telecommuters is gone. Here are options for easing the pain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: sarah obrien, marc romanelli, getty images
Keywords: news, cnbc, companies, easing, unreimbursed, pain, workers, wants, options, working, yearthe, used, work, gone, write, tax, deduction, weston, key, telecommuters


A key tax deduction for telecommuters is gone. Here are options for easing the pain

Telecommuters who used to be able to write off the cost of working from home could face a higher tax bill this year.

The Tax Cuts and Jobs Act, which took effect in 2018, eliminated the ability for employees to write off business expenses that are unreimbursed by their company. For workers whose employer allows them (or wants them) to telecommute full-time, losing that tax break might be painful.

“For people who work 100 percent at home, the loss of that deduction could be substantial,” said Cari Weston, a CPA and director of tax practice and ethics for the American Institute of CPAs.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: sarah obrien, marc romanelli, getty images
Keywords: news, cnbc, companies, easing, unreimbursed, pain, workers, wants, options, working, yearthe, used, work, gone, write, tax, deduction, weston, key, telecommuters


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Oil rises on OPEC output cuts, hopes of easing in US-China trade tensions

Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply. U.S. West Texas Intermediate (WTI) crude futures were at $52.62 per barrel at 0339 GMT, up 55 cents, or 1.1 percent, from their last settlement. International Brent crude oil futures were up 54 cents, or 0.9 percent, at $61.72 per barrel. OPEC said in its monthly report that its oil output fell by 751,00


Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply. U.S. West Texas Intermediate (WTI) crude futures were at $52.62 per barrel at 0339 GMT, up 55 cents, or 1.1 percent, from their last settlement. International Brent crude oil futures were up 54 cents, or 0.9 percent, at $61.72 per barrel. OPEC said in its monthly report that its oil output fell by 751,00
Oil rises on OPEC output cuts, hopes of easing in US-China trade tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: ismail zitouny
Keywords: news, cnbc, companies, rises, opec, cuts, hopes, report, futures, sharply, easing, trade, million, output, crude, bpd, prices, tensions, oil, uschina


Oil rises on OPEC output cuts, hopes of easing in US-China trade tensions

Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply.

A report by the Wall Street Journal on Thursday saying that Washington was considering lifting some or all tariffs imposed on Chinese imports also buoyed financial markets, including oil, analysts said.

U.S. West Texas Intermediate (WTI) crude futures were at $52.62 per barrel at 0339 GMT, up 55 cents, or 1.1 percent, from their last settlement.

International Brent crude oil futures were up 54 cents, or 0.9 percent, at $61.72 per barrel.

OPEC, along with some other producers including Russia, cut oil output sharply in December before a new accord to limit supply took effect on Jan. 1, it said on Thursday, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.

OPEC said in its monthly report that its oil output fell by 751,000 barrels per day (bpd) in December to 31.58 million bpd, the biggest month-on-month drop in almost two years.

But tempering that support for prices, OPEC also cut its forecast for average daily demand for its crude in 2019 to 30.83 million barrels, down 910,000 bpd from the 2018 average.

Undermining OPEC’s efforts to tighten oil markets has been a surge in crude output from the United States, which increased by more than 2 million bpd in the last year to an unprecedented 11.9 million bpd.

“Though OPEC reports are likely to bolster market sentiment for stronger oil prices in the near-term, we remain cautious in the longer run amidst persistent economic weakness and incremental U.S. shale production,” Benjamin Lu of Singapore-based brokerage Phillip Futures said in a note.


Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: ismail zitouny
Keywords: news, cnbc, companies, rises, opec, cuts, hopes, report, futures, sharply, easing, trade, million, output, crude, bpd, prices, tensions, oil, uschina


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Mnuchin to brief lawmakers about easing sanctions on firms linked to Putin friend

Treasury Secretary Steven Mnuchin will brief lawmakers in the House of Representatives on Thursday about his department’s plan to terminate sanctions on three companies linked to Oleg Deripaska, a Russian billionaire with ties to Russian President Vladimir Putin. The meeting follows Treasury’s Dec. 19 notification to Congress that it would end sanctions on Rusal, EN+ and EuroSibEnergy in 30 days. Mnuchin said at the time that the decision was made after the companies “committed to significantly


Treasury Secretary Steven Mnuchin will brief lawmakers in the House of Representatives on Thursday about his department’s plan to terminate sanctions on three companies linked to Oleg Deripaska, a Russian billionaire with ties to Russian President Vladimir Putin. The meeting follows Treasury’s Dec. 19 notification to Congress that it would end sanctions on Rusal, EN+ and EuroSibEnergy in 30 days. Mnuchin said at the time that the decision was made after the companies “committed to significantly
Mnuchin to brief lawmakers about easing sanctions on firms linked to Putin friend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: tucker higgins, ylan mui, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, friend, linked, sanctioned, mnuchin, russian, companies, ties, brief, deripaska, sanctions, deripaskas, firms, easing, putin, house, treasury, en, lawmakers


Mnuchin to brief lawmakers about easing sanctions on firms linked to Putin friend

Treasury Secretary Steven Mnuchin will brief lawmakers in the House of Representatives on Thursday about his department’s plan to terminate sanctions on three companies linked to Oleg Deripaska, a Russian billionaire with ties to Russian President Vladimir Putin.

The meeting will take place behind closed doors, according to a senior Democratic aide. It is scheduled exactly one week after Democrats officially took the majority in the House and is among the first instances of the party using its newfound power to conduct oversight of the Trump administration.

The meeting follows Treasury’s Dec. 19 notification to Congress that it would end sanctions on Rusal, EN+ and EuroSibEnergy in 30 days. Mnuchin said at the time that the decision was made after the companies “committed to significantly diminish Deripaska’s ownership and sever his control.”

Deripaska, a metals tycoon and close friend and ally of Putin, remains sanctioned, meaning no American may conduct business dealings with him directly or indirectly. He has come under scrutiny in the United States for his ties to the Kremlin as well as to Paul Manafort, who served as President Donald Trump’s campaign chairman and has since been convicted of a range of federal crimes in connection with special counsel Robert Mueller’s Russia probe.

Manafort, working with Konstantin Kilimnik, a business partner with suspected ties to Russian intelligence, reportedly offered to provide Deripaska with personal briefings on the status of the Trump campaign in 2016. Mueller has accused Manafort of sharing 2016 polling data with Kilimnik, Manafort’s attorneys inadvertently revealed this week.

In its notification to Congress, Treasury said that Deripaska’s interests in the three companies were “effectively frozen.”

“Deripaska cannot obtain cash either in return for his shares or from future dividends issued by En+, Rusal, or ESE,” Treasury said.

But on Tuesday, the chairs of seven House committees wrote a letter to Mnuchin noting that the terms of the agreement appeared to keep intact Deripaska’s significant ownership of one of the companies, EN+, while “reportedly transferring some shares and financial interests to the Kremlin-linked sanctioned Russian bank VTB.”

The Democrats said they had a number of additional questions to ask Mnuchin before they can fully assess the plan. They gave him until Friday to provide the briefing.

Deripaska was sanctioned alongside a slate of Russian oligarchs, businesses and government officials in April for election interference and other reasons. At the time, Treasury said that Deripaska had been accused of unlawfully wiretapping a government official, taking part in extortion and racketeering, ordering the murder of a businessman, and being tied to Russian organized crime.


Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: tucker higgins, ylan mui, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, friend, linked, sanctioned, mnuchin, russian, companies, ties, brief, deripaska, sanctions, deripaskas, firms, easing, putin, house, treasury, en, lawmakers


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Gold edges lower as dollar steadies, equities tick up

Gold prices slipped on Thursday as the dollar steadied and equities climbed on signs of easing trade tensions between the United States and China, while palladium rose to a record high, trading at a premium to the bullion. Spot gold was down 0.2 percent at $1,243.91 per ounce, as of 0415 GMT, while U.S. gold futures were 0.1 percent lower at $1,249.3 per ounce. “Dollar hasn’t made much moves and that’s the real signpost for gold as they are still highly correlated.” Meanwhile, Asian shares advan


Gold prices slipped on Thursday as the dollar steadied and equities climbed on signs of easing trade tensions between the United States and China, while palladium rose to a record high, trading at a premium to the bullion. Spot gold was down 0.2 percent at $1,243.91 per ounce, as of 0415 GMT, while U.S. gold futures were 0.1 percent lower at $1,249.3 per ounce. “Dollar hasn’t made much moves and that’s the real signpost for gold as they are still highly correlated.” Meanwhile, Asian shares advan
Gold edges lower as dollar steadies, equities tick up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-13
Keywords: news, cnbc, companies, lower, equities, china, gold, high, tick, states, united, steadies, tensions, dollar, ounce, trading, easing, edges, trade


Gold edges lower as dollar steadies, equities tick up

Gold prices slipped on Thursday as the dollar steadied and equities climbed on signs of easing trade tensions between the United States and China, while palladium rose to a record high, trading at a premium to the bullion.

Spot gold was down 0.2 percent at $1,243.91 per ounce, as of 0415 GMT, while U.S. gold futures were 0.1 percent lower at $1,249.3 per ounce.

“Market sentiment is neutral today… We’ve got a little more positive sentiment than we anticipated from U.S.-China trade tensions, which is weighing on the topside,” said Stephen Innes, APAC trading head at OANDA in Singapore.

“Dollar hasn’t made much moves and that’s the real signpost for gold as they are still highly correlated.”

The dollar index, which measures the greenback against six major rivals, was steady at 97.069, after retreating from a near one-month high overnight.

Meanwhile, Asian shares advanced on signs of easing trade tensions between the world’s top two economies, and expectations that China will step up efforts soon to support its cooling economy.

China appears to be easing its high-tech industrial development push, dubbed “Made in China 2025,” which has long irked the United States, while it also made its first major U.S. soybean purchases in more than six months on Wednesday.

Investors seem more interested in equity at this point of time than in gold, said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.

However, analysts see uncertainties around the Brexit deal and expectations of the U.S. Federal Reserve’s dovish tone at its meeting next week, supporting the yellow metal.

“We are still gonna have a lot of noise coming out of Brexit and that should definitely keep gold bid for a while,” Innes said.

Markets are not expecting more than one rate hike from the U.S. central bank next year, after a likely interest rate increase at the Federal Open Market Committee (FOMC) meeting on Dec. 18-19.

Spot gold looks neutral in a range of $1,240-$1,253 per ounce, and an escape could suggest a direction, said Reuters technical analyst Wang Tao.

Among other precious metals, spot palladium was down 0.2 percent at $1,258.90 per ounce, having touched a record high of $1,264.25 earlier in the session.

Palladium rose strongly on the news that China would be reducing tariffs on U.S. imported autos, raising hopes that the sector would be boosted by additional demand, analysts at ANZ said in a note.

Silver was up 0.1 percent at $14.75 per ounce, while platinum climbed 0.3 percent to $800.49.


Company: cnbc, Activity: cnbc, Date: 2018-12-13
Keywords: news, cnbc, companies, lower, equities, china, gold, high, tick, states, united, steadies, tensions, dollar, ounce, trading, easing, edges, trade


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Japan faces risk of falling back into deflation, BOJ’s Wakatabe warns

Wakatabe, a vocal advocate of aggressive monetary easing, said it was important to maintain the BOJ’s massive stimulus program to ensure the economy remains strong enough to nudge up prices and wages. “Doing so would enhance the sustainability of our policy and heighten the chance of achieving 2 percent inflation.” As an academic, Wakatabe had repeatedly called for stronger steps to drive up inflation. If downward pressure is exerted on the economy again, it may revert to deflation,” Wakatabe sa


Wakatabe, a vocal advocate of aggressive monetary easing, said it was important to maintain the BOJ’s massive stimulus program to ensure the economy remains strong enough to nudge up prices and wages. “Doing so would enhance the sustainability of our policy and heighten the chance of achieving 2 percent inflation.” As an academic, Wakatabe had repeatedly called for stronger steps to drive up inflation. If downward pressure is exerted on the economy again, it may revert to deflation,” Wakatabe sa
Japan faces risk of falling back into deflation, BOJ’s Wakatabe warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: kiyoshi ota, bloomberg, getty images
Keywords: news, cnbc, companies, risk, policy, inflation, rates, easing, faces, warns, falling, stimulus, economy, japan, central, wakatabe, bojs, boj, financial, deflation


Japan faces risk of falling back into deflation, BOJ's Wakatabe warns

Bank of Japan Deputy Governor Masazumi Wakatabe said on Wednesday the country could slide back into deflation if the economy comes under downward pressure again, highlighting risks such as the fallout from U.S.-China trade frictions.

Wakatabe, a vocal advocate of aggressive monetary easing, said it was important to maintain the BOJ’s massive stimulus program to ensure the economy remains strong enough to nudge up prices and wages.

But he noted the central bank would be vigilant to the side-effects of prolonged easing, as its huge purchases dry up bond market liquidity and near-zero interest rates hurt financial institutions’ profits.

“It’s necessary to continuously examine not only the effects of our policy on inflation, but also the impact on financial markets and the banking system,” Wakatabe said in a speech to business leaders in Niigata, northern Japan.

“Doing so would enhance the sustainability of our policy and heighten the chance of achieving 2 percent inflation.”

As an academic, Wakatabe had repeatedly called for stronger steps to drive up inflation. But he has toned down his demands for more stimulus since joining the BOJ board in March.

The central bank is now at a crossroads because it has been pursuing radical quantitative easing for more than five years with only mixed results.

Wakatabe said while Japan’s economic expansion would continue, it faced various risks such as the effects of next year’s scheduled tax hike to 10 percent from 8 percent and the U.S.-China trade dispute.

“Japan is only half way to achieving 2 percent inflation. If downward pressure is exerted on the economy again, it may revert to deflation,” Wakatabe said.

“The BOJ will seek to accelerate inflation to levels deemed appropriate for the economy by continuing large-scale monetary easing,” he said.

Under a policy dubbed yield curve control, the BOJ guides short-term interest rates at minus 0.1 percent and long-term rates around zero percent to achieve its 2 percent price goal.

Subdued inflation has forced the BOJ to maintain its huge stimulus program despite the rising costs, such as the hit to financial institutions’ profits from years of near-zero rates.

The BOJ took steps in July to make its policy framework more sustainable, such as allowing bond yields to move more flexibly around its target.

The central bank’s nine-member board is split between those who see room to ramp up stimulus, and those who are becoming increasingly worried about the dangers of prolonged easing.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: kiyoshi ota, bloomberg, getty images
Keywords: news, cnbc, companies, risk, policy, inflation, rates, easing, faces, warns, falling, stimulus, economy, japan, central, wakatabe, bojs, boj, financial, deflation


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Caterpillar is not the way to play this US-China trade truce, Oppenheimer says

Caterpillar just got a big bump from easing trade tensions between the U.S. and China. Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg. “Both of those things have provided a very strong tai


Caterpillar just got a big bump from easing trade tensions between the U.S. and China. Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg. “Both of those things have provided a very strong tai
Caterpillar is not the way to play this US-China trade truce, Oppenheimer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, stock, right, truce, youre, play, way, uschina, oppenheimer, caterpillar, global, schlossberg, easing, lower, trade, wald


Caterpillar is not the way to play this US-China trade truce, Oppenheimer says

Caterpillar just got a big bump from easing trade tensions between the U.S. and China.

Shares of the industrial bellwether surged more than 2 percent to begin the week, wiping out some of its year-to-date losses. Its stock remains 12 percent lower for 2018.

Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce.

The trade war cease-fire “should be good for the stock market. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “In general, we are cautious on capital goods stocks that are exposed to the global economy, and what we see as a decelerating macro backdrop.”

Caterpillar has been trending lower for much of the year, caught between trade headlines and fears of slowing global growth. The industrials giant is particularly sensitive to any drop in global economic activity.

“If you’re buying this stock you’re making the case that the global backdrop is bullish,” said Wald. “What we instead see is a stock rallying into very formidable resistance at around $142. This marks the stock’s … falling 200-day moving average as well as its Q1 lows.”

Caterpillar would need to rally another 2 percent to reach its resistance at $142.

Boris Schlossberg, managing director of FX strategy at BK Asset Management, is more bullish on the stock, naming two macro factors that could carry Caterpillar higher.

“The Fed seems to be easing its monetary path cycle, and therefore if it really isn’t going to hike rates as much as the market thinks in 2019, that’s positive for Caterpillar, which obviously has a lower cost of capital as a result of this,” Schlossberg told “Trading Nation” on Monday.

Federal Reserve Chair Jerome Powell last week eased concerns that the central bank would move too aggressively next year to raise interest rates. Investors see a more dovish Fed as less of an impediment to economic growth.

“The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg.

The U.S. and China agreed over the weekend to a 90-day trade truce to hold tariffs at current levels. That three-month stretch allows them time to reach a more formal trade agreement.

“Both of those things have provided a very strong tailwind for the stock right now,” Schlossberg said. “If the dynamic for those things changes very quickly, the stock goes right back down, irrespective of its own internal fundamentals.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, stock, right, truce, youre, play, way, uschina, oppenheimer, caterpillar, global, schlossberg, easing, lower, trade, wald


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Maxine Waters says easing banking regulations ‘will come to an end’ when she takes committee chair

Waters is likely to take over as chair of the committee following the midterm elections that gave back House control to the Democrats. In particular, the White House and the Fed have worked to tailor capital rules to be less onerous on regional and community banks. Waters seemed to direct her comments specifically to the bigger institutions, particularly the too-big-to-fail banks that helped trigger the crisis. She made her comments shortly before Quarles said the Fed is looking to further ease


Waters is likely to take over as chair of the committee following the midterm elections that gave back House control to the Democrats. In particular, the White House and the Fed have worked to tailor capital rules to be less onerous on regional and community banks. Waters seemed to direct her comments specifically to the bigger institutions, particularly the too-big-to-fail banks that helped trigger the crisis. She made her comments shortly before Quarles said the Fed is looking to further ease
Maxine Waters says easing banking regulations ‘will come to an end’ when she takes committee chair Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: jeff cox, david a grogan
Keywords: news, cnbc, companies, regulations, trumps, strong, crisis, come, committee, institutions, takes, waters, chair, financial, trump, end, maxine, doddfrank, fed, house, banking, easing


Maxine Waters says easing banking regulations 'will come to an end' when she takes committee chair

Waters is likely to take over as chair of the committee following the midterm elections that gave back House control to the Democrats. Rep. Jeb Hensarling, a Texas Republican, currently presides over the committee.

In addition to Wednesday’s remarks, she has indicated she might use subpoena power to investigate President Donald Trump’s connection to Deutsche Bank and whether it loaned Trump money that was guaranteed by the Russian government.

Since Trump began his term in early 2017, the administration has sought to loosen the regulatory reins imposed by the Dodd-Frank reforms that came into being after the financial crisis that exploded in 2008. In particular, the White House and the Fed have worked to tailor capital rules to be less onerous on regional and community banks.

Waters seemed to direct her comments specifically to the bigger institutions, particularly the too-big-to-fail banks that helped trigger the crisis. She made her comments shortly before Quarles said the Fed is looking to further ease up on community banks.

“It is essential that the Fed keeps a watchful eye on the financial institutions it supervises and makes strong use of its existing enforcement tools to crank down on institutions that break the law,” she said. “I must say that I am concerned about proposals the Fed has put forth this year to reduce capital and liquidity requirements for the largest financial institutions which would weaken strong safeguards established by Dodd-Frank to protect the U.S. economy from another costly financial crisis.”

There was some conciliation, though. Waters said the press and even some of her colleagues have wrongly portrayed her relationship with Republicans, and she hopes they can cooperate.

“I look forward to working with you in any and every way that I can,” she said.

WATCH: Trump’s appointments in key agencies show focus on international coordination


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: jeff cox, david a grogan
Keywords: news, cnbc, companies, regulations, trumps, strong, crisis, come, committee, institutions, takes, waters, chair, financial, trump, end, maxine, doddfrank, fed, house, banking, easing


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Gold prices hold steady amid easing dollar

Spot gold was steady at $1,232.86 per ounce, as of 0126 GMT. U.S. gold futures was up 0.1 percent at $1,234.6 per ounce. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent. In equities, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trades amid worries about tense Sino-U.S. trade relations. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.23 percent t


Spot gold was steady at $1,232.86 per ounce, as of 0126 GMT. U.S. gold futures was up 0.1 percent at $1,234.6 per ounce. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent. In equities, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trades amid worries about tense Sino-U.S. trade relations. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.23 percent t
Gold prices hold steady amid easing dollar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: edgar su
Keywords: news, cnbc, companies, deal, dollar, market, largest, easing, steady, futures, tonnes, contracts, prices, gold, week, index, trade, hold, amid


Gold prices hold steady amid easing dollar

Spot gold was steady at $1,232.86 per ounce, as of 0126 GMT.

U.S. gold futures was up 0.1 percent at $1,234.6 per ounce.

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent.

In equities, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trades amid worries about tense Sino-U.S. trade relations.

Investors are now focused on the U.S. congressional elections on Nov. 6, which will determine whether the Republican or Democratic party controls Congress, with some predicting increased market volatility on the outcome.

U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.

The U.S. and China are not close to a deal to resolve their trade differences, the White House’s top economic adviser said on Friday, adding that he was less optimistic than previously that such an agreement would come together.

British Prime Minister Theresa May’s office has dismissed as “speculation” a newspaper report that suggests an all-UK customs deal will be written into the legally binding agreement governing Britain’s withdrawal from the EU.

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.23 percent to 759.06 tonnes on Friday from 760.82 tonnes on Thursday.

Hedge funds and money managers raised their net short position in gold by 18,723 contracts to 45,622 contracts, according to U.S. Commodity Futures Trading Commission data on Friday. This was the highest in three weeks.

Physical gold demand in India was lacklustre last week, with dealers offering discounts for the metal ahead of a traditionally busy festival week for the first time in at least three years, as high prices kept consumers away.

Barrick Gold shareholders have voted overwhelmingly in favor of the Canadian miner’s $6.1 billion acquisition of Africa-focused Randgold Resources, three people familiar with the preliminary vote count told Reuters on Friday.


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: edgar su
Keywords: news, cnbc, companies, deal, dollar, market, largest, easing, steady, futures, tonnes, contracts, prices, gold, week, index, trade, hold, amid


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