US futures point to slightly lower open

U.S. stock index futures were slightly lower Friday morning. ET, Dow futures dipped 35 points, indicating a negative open of more than 18 points. Futures on the S&P and Nasdaq were both marginally lower. The moves in pre-market trade come after China posted its weakest growth in nearly three decades, as the U.S.-China trade war hit demand at home and abroad. The world’s second-largest economy grew 6% in the third quarter, less than expected, and its weakest pace of expansion in over 27 years.


U.S. stock index futures were slightly lower Friday morning.
ET, Dow futures dipped 35 points, indicating a negative open of more than 18 points.
Futures on the S&P and Nasdaq were both marginally lower.
The moves in pre-market trade come after China posted its weakest growth in nearly three decades, as the U.S.-China trade war hit demand at home and abroad.
The world’s second-largest economy grew 6% in the third quarter, less than expected, and its weakest pace of expansion in over 27 years.
US futures point to slightly lower open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: sam meredith
Keywords: news, cnbc, companies, open, lower, expected, yearsthe, weakest, point, futures, war, agreement, points, worlds, slightly, trade


US futures point to slightly lower open

U.S. stock index futures were slightly lower Friday morning.

At around 03:50 a.m. ET, Dow futures dipped 35 points, indicating a negative open of more than 18 points. Futures on the S&P and Nasdaq were both marginally lower.

The moves in pre-market trade come after China posted its weakest growth in nearly three decades, as the U.S.-China trade war hit demand at home and abroad.

The world’s second-largest economy grew 6% in the third quarter, less than expected, and its weakest pace of expansion in over 27 years.

The downbeat data appeared to offset a global lift in market sentiment on Thursday, after the U.K. and European Union struck a long-awaited Brexit deal.

British and EU officials reached the agreement after successive days of late-night talks and almost three years of tense discussions.

British Prime Minister Boris Johnson will now attempt to persuade U.K. lawmakers to back his agreement, ahead of what is expected to be a knife-edge vote on Saturday.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: sam meredith
Keywords: news, cnbc, companies, open, lower, expected, yearsthe, weakest, point, futures, war, agreement, points, worlds, slightly, trade


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Dow futures jump after a new draft Brexit deal is reached

U.S. stock index futures spiked Thursday morning after a draft Brexit deal was struck between the European Union and the U.K.Around 5:50 a.m. Prior to the Brexit reports, futures had been trading flat to lower. Early Thursday,U.K. Prime Minister Boris Johnson said “we have a great new Brexit deal” via Twitter. Nonetheless, markets rallied on the Brexit reports, as the deal removed some investor uncertainty amid heightened concerns about the health of the global economy. Global economic data poin


U.S. stock index futures spiked Thursday morning after a draft Brexit deal was struck between the European Union and the U.K.Around 5:50 a.m.
Prior to the Brexit reports, futures had been trading flat to lower.
Early Thursday,U.K. Prime Minister Boris Johnson said “we have a great new Brexit deal” via Twitter.
Nonetheless, markets rallied on the Brexit reports, as the deal removed some investor uncertainty amid heightened concerns about the health of the global economy.
Global economic data poin
Dow futures jump after a new draft Brexit deal is reached Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sam meredith
Keywords: news, cnbc, companies, brexit, futures, trade, european, points, deal, reports, reached, markets, economic, draft, data, jump, dow


Dow futures jump after a new draft Brexit deal is reached

U.S. stock index futures spiked Thursday morning after a draft Brexit deal was struck between the European Union and the U.K.

Around 5:50 a.m. ET, Dow futures indicating a positive open of more than 100 points. Prior to the Brexit reports, futures had been trading flat to lower. Futures on the S&P and Nasdaq were also higher.

Early Thursday,

U.K. Prime Minister Boris Johnson said “we have a great new Brexit deal” via Twitter. He called on British lawmakers to back the deal when it’s put before Parliament on Saturday. Meanwhile, European Commission President Jean-Claude Juncker tweeted that the deal was a “fair and balanced” one.

The Northern Irish Democratic Unionist Party (DUP) said earlier in the day that it could not support the British government’s Brexit plans “as it stands.”

Nonetheless, markets rallied on the Brexit reports, as the deal removed some investor uncertainty amid heightened concerns about the health of the global economy. On Wednesday, unexpectedly weak U.S. retail sales data fueled fears about a possible recession.

Global economic data points to slower growth, while the U.S. manufacturing sector is already contracting. Among the greatest of the worries plaguing markets is the ongoing U.S.-China trade war.

China emphasized today that the in order for the two countries to reach a final agreement on trade. The two economic giants have been embroiled in a trade dispute for more than a year, with each country applying tariffs on billions of dollars’ worth of goods from the other.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: sam meredith
Keywords: news, cnbc, companies, brexit, futures, trade, european, points, deal, reports, reached, markets, economic, draft, data, jump, dow


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US futures point to a slightly higher open

U.S. stock index futures were slightly higher Tuesday morning, as traders look ahead to a new earnings season. ET, Dow futures rose 55 points, indicating a positive open of more than 57 points. Futures on the S&P and Nasdaq were both marginally higher. “I have every expectation if there’s not a deal those tariffs would go in place, but I expect we’ll have a deal,” Mnuchin said Monday. United Airlines and Interactive Brokers will also release earnings after the bell.


U.S. stock index futures were slightly higher Tuesday morning, as traders look ahead to a new earnings season. ET, Dow futures rose 55 points, indicating a positive open of more than 57 points. Futures on the S&P and Nasdaq were both marginally higher. “I have every expectation if there’s not a deal those tariffs would go in place, but I expect we’ll have a deal,” Mnuchin said Monday. United Airlines and Interactive Brokers will also release earnings after the bell.
US futures point to a slightly higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: silvia amaro
Keywords: news, cnbc, companies, mnuchin, futures, open, earnings, release, trade, place, slightly, deal, point, tariffs, points, higher


US futures point to a slightly higher open

U.S. stock index futures were slightly higher Tuesday morning, as traders look ahead to a new earnings season.

At around 01:40 a.m. ET, Dow futures rose 55 points, indicating a positive open of more than 57 points. Futures on the S&P and Nasdaq were both marginally higher.

Overall, market players are monitoring developments on the trade front. U.S. Treasury Secretary Steven Mnuchin told CNBC that tariffs will go up in December if there is no deal in place with China.

“I have every expectation if there’s not a deal those tariffs would go in place, but I expect we’ll have a deal,” Mnuchin said Monday.

Furthermore, the U.S. has also decided to stop trade negotiations with Turkey and raised its steel prices to 50%. The decision followed an earlier U.S. announcement to remove all U.S. troops from the northern border of Syria with Turkey.

Investors are also looking ahead to a new earnings season. BlackRock, Citigroup, Goldman Sachs, Wells Fargo and J.P. Morgan Chase are set to release their latest performance numbers before the bell. United Airlines and Interactive Brokers will also release earnings after the bell.

On the data front, the Empire State manufacturing figures are due to be released at 08:30 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: silvia amaro
Keywords: news, cnbc, companies, mnuchin, futures, open, earnings, release, trade, place, slightly, deal, point, tariffs, points, higher


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US futures point to slightly higher open after US-China reach partial trade deal

U.S. stock index futures were slightly higher Monday morning, after the U.S. agreed to suspend its next tariff increase on Chinese imports. ET, Dow futures rose 8 points, indicating a positive open of more than 14 points. Market focus is largely attuned to global trade developments, amid signs of progress in the long-running U.S.-China trade dispute. The partial deal — which covers agriculture, currency and some aspects of intellectual property protections — represents the first major step forwa


U.S. stock index futures were slightly higher Monday morning, after the U.S. agreed to suspend its next tariff increase on Chinese imports. ET, Dow futures rose 8 points, indicating a positive open of more than 14 points. Market focus is largely attuned to global trade developments, amid signs of progress in the long-running U.S.-China trade dispute. The partial deal — which covers agriculture, currency and some aspects of intellectual property protections — represents the first major step forwa
US futures point to slightly higher open after US-China reach partial trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: sam meredith
Keywords: news, cnbc, companies, open, trade, futures, work, reach, partial, deal, writtenthe, worlds, points, slightly, trump, agreed, point, uschina, worth, higher


US futures point to slightly higher open after US-China reach partial trade deal

U.S. stock index futures were slightly higher Monday morning, after the U.S. agreed to suspend its next tariff increase on Chinese imports.

At around 03:30 a.m. ET, Dow futures rose 8 points, indicating a positive open of more than 14 points. Futures on the S&P and Nasdaq were both marginally higher.

Market focus is largely attuned to global trade developments, amid signs of progress in the long-running U.S.-China trade dispute.

On Friday, President Donald Trump announced that the first phase of a deal with China had been agreed, though officials on both sides said much more work needed to be done.

The partial deal — which covers agriculture, currency and some aspects of intellectual property protections — represents the first major step forward to end the trade war in 15 months.

However, the deal does not include many details and Trump has warned it could take up to five weeks to get a pact written.

The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: sam meredith
Keywords: news, cnbc, companies, open, trade, futures, work, reach, partial, deal, writtenthe, worlds, points, slightly, trump, agreed, point, uschina, worth, higher


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Amid trade war, China moves to remove limits on foreign ownership in the financial industry

The China Securities Regulatory Commission on Friday released a time frame for removing limits to foreign stakes in futures, mutual fund and securities companies. The plan, set to roll out in January, would give foreign companies full ownership. Last year, the commission began to allow some foreign financial entities to increase their minority stake to a majority 51%. “This latest announcement enhances competition and enables all market players to bring compelling offerings to the Chinese market


The China Securities Regulatory Commission on Friday released a time frame for removing limits to foreign stakes in futures, mutual fund and securities companies. The plan, set to roll out in January, would give foreign companies full ownership. Last year, the commission began to allow some foreign financial entities to increase their minority stake to a majority 51%. “This latest announcement enhances competition and enables all market players to bring compelling offerings to the Chinese market
Amid trade war, China moves to remove limits on foreign ownership in the financial industry Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: evelyn cheng
Keywords: news, cnbc, companies, foreign, 2020, securities, china, remove, companies, ownership, war, financial, chinese, market, futures, industry, trade, moves, limits


Amid trade war, China moves to remove limits on foreign ownership in the financial industry

SHANGHAI, CHINA – FEBRUARY 23: The Chinese flag floats before the skyscrapers of multinational corporations on February 23, 2018 in Shanghai, China. Vincent Isore/IP3 | Getty Images

BEIJING — China is pressing ahead with opening up its financial industry to foreign ownership amid worries that the U.S. and China could grow further apart due to ongoing trade tensions. The China Securities Regulatory Commission on Friday released a time frame for removing limits to foreign stakes in futures, mutual fund and securities companies. The plan, set to roll out in January, would give foreign companies full ownership. Last year, the commission began to allow some foreign financial entities to increase their minority stake to a majority 51%. “Chinese regulators continue to move forward with constructive reforms to the domestic funds management landscape,” a spokesperson for Invesco said in a statement. “This latest announcement enhances competition and enables all market players to bring compelling offerings to the Chinese market.”

One of the U.S. complaints in trade tensions with China is that many Chinese industries are closed to foreign firms or dominated by state-owned entities, making it difficult for American companies to compete on even ground with their Chinese counterparts. The dispute between the world’s two largest economies has increased pressure on cross-border business, with the application of tariffs on billions of dollars’ worth of goods from both countries. The U.S. also placed several major Chinese technology companies on a blacklist that effectively bars them from doing business with American suppliers. But China would like to attract more foreign capital to its markets and help the local financial industry mature. The opening of its financial markets “will help promote the internationalization of China’s futures market, increase its international influence, and help it become an international pricing center for commodities,” Yanghui Cao, deputy director of the Hangzhou-based Nanhua Futures Research Institute, said in a Chinese statement translated by CNBC. Cao also pointed out that international markets have relatively greater experience with derivative products, and the entrance of such foreign players to the Chinese market will increase local competition.

Impact of trade tensions

The time frame announced Friday will be rolled out over 2020. If companies can get needed approvals and business licenses, the move will come close to matching Chinese Premier Li Keqiang’s announcement in September last year, when he said he hoped that “in three years’ time, there will be a number of foreign ventures qualified for full-license, full-ownership operation in the financial sector.” Jan. 1, 2020 — Futures companies April 1, 2020 — Mutual fund management companies Dec. 1, 2020 — Securities companies In July this year, Li also said China would lift restrictions on foreign ownership of securities, futures and life insurance firms by 2020 — a year earlier than previously planned. “What’s noticeable is the fast implementation schedule of the timetable. This could imply that the trade war negotiation is having some pressure on Chinese policy making,” Tianjun Wu, deputy economist at The Economist Intelligence Unit, said in an email.

This is the ultimate realization of China’s commitment of market opening to foreign players. Ray Chou partner at Oliver Wyman

China has been slow to open its domestic market to foreign players, often waiting until local companies have had time to grow large enough. The foreign complaint is that while a homegrown Chinese payments processing company like UnionPay has been able to expand rapidly overseas, Visa and Mastercard still face challenges in accessing China. In late September, PayPal said it became the first foreign payment platform to be licensed to provide online payment services in China. Last November, American Express received approval for a joint-venture application for clearing bank card transactions. Other foreign companies are waiting to jump on next year’s opportunity to tap China’s financial markets. Fidelity International — the now independent overseas arm of the U.S. asset management giant — said in a statement it “looks forward to bringing our exceptional investment research capabilities to Chinese investors. Leveraging our strong presence of over 1,000 staff in China, we will be ready to make the foreign (asset management corporation) license application in due course.”


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: evelyn cheng
Keywords: news, cnbc, companies, foreign, 2020, securities, china, remove, companies, ownership, war, financial, chinese, market, futures, industry, trade, moves, limits


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US futures point to higher open as US-China trade talks resume

These stocks are the trade talk ‘tells’ with prices to move firstFor investors reading the tea leaves of every trade headline, watch these stocks as they will tell you first if any progress is made. Marketsread more


These stocks are the trade talk ‘tells’ with prices to move firstFor investors reading the tea leaves of every trade headline, watch these stocks as they will tell you first if any progress is made. Marketsread more
US futures point to higher open as US-China trade talks resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: sam meredith
Keywords: news, cnbc, companies, talk, futures, tea, talks, higher, tell, progress, prices, point, uschina, tells, resume, stocks, watch, open, reading, trade


US futures point to higher open as US-China trade talks resume

These stocks are the trade talk ‘tells’ with prices to move first

For investors reading the tea leaves of every trade headline, watch these stocks as they will tell you first if any progress is made.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: sam meredith
Keywords: news, cnbc, companies, talk, futures, tea, talks, higher, tell, progress, prices, point, uschina, tells, resume, stocks, watch, open, reading, trade


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Major markets in Asia rebound after report Trump may announce Huawei concessions

The Topix index finished its trading day little changed at 1,581.42. Australia’s S&P/ASX 200 ended its trading day largely flat at 6,547.10. A South China Morning Post report on Thursday morning in Asia said the two sides made no progress in deputy-level negotiations this week. The trade negotiations between Washington and Beijing this week were highly anticipated. A 15% tariff on an additional $160 billion worth of Chinese imports is also expected to kick in on December 15.


The Topix index finished its trading day little changed at 1,581.42. Australia’s S&P/ASX 200 ended its trading day largely flat at 6,547.10. A South China Morning Post report on Thursday morning in Asia said the two sides made no progress in deputy-level negotiations this week. The trade negotiations between Washington and Beijing this week were highly anticipated. A 15% tariff on an additional $160 billion worth of Chinese imports is also expected to kick in on December 15.
Major markets in Asia rebound after report Trump may announce Huawei concessions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: eustance huang
Keywords: news, cnbc, companies, trade, chinese, futures, trump, told, asia, huawei, announce, negotiations, trading, report, day, markets, concessions, major, worth, rebound


Major markets in Asia rebound after report Trump may announce Huawei concessions

Major Asian stock markets recovered from earlier lows to close higher on Thursday as investors watched for developments on the U.S.-China trade front ahead of high-level negotiations between the two economic powerhouses. Mainland Chinese stocks rose on the day, with the Shanghai composite up 0.78% to around 2,947.71 and the Shenzhen component gaining 1.38% to 9,638.10. The Shenzhen composite also advanced 1.413% to approximately 1,631.84. The New York Times reported Wednesday evening stateside that U.S. President Donald Trump’s administration is set to grant licenses that would allow American firms to sell nonsensitive supplies to Huawei. Earlier this year, the White House banned sales to the Chinese telecommunications giant, citing national security concerns. The ban was subsequently delayed by the administration to allow American firms to make other arrangements. Meanwhile, Hong Kong’s Hang Seng index was about 0.3% higher, as of its final hour of trading. Elsewhere, the Nikkei 225 in Japan rose 0.45% to close at 21,551.98. The Topix index finished its trading day little changed at 1,581.42. Core machinery orders in the country fell for the second consecutive month in August, according to Cabinet Office data on Thursday. In South Korea, however, the Kospi shed 0.88% to close at 2,028.15 as shares of automaker Hyundai Motor fell 2.32%. Australia’s S&P/ASX 200 ended its trading day largely flat at 6,547.10. Overall, the MSCI Asia ex-Japan index was 0.18% higher. Markets in Taiwan were closed on Thursday for a holiday.

US-China trade talks

Investors are monitoring chatter on U.S.-China trade talks, which are set to begin Thursday stateside amid a series of rapid developments. A South China Morning Post report on Thursday morning in Asia said the two sides made no progress in deputy-level negotiations this week. In discussions that were held earlier in the week, China refused to discuss the issue of forced technology transfers, the report said. The SCMP report also said that high-level trade negotiations including Chinese Vice Premier Liu He would be cut to one day now, with the delegation from Beijing set to leave Washington on Thursday instead of Friday as originally planned. For its part, a White House spokesperson told CNBC’s Kayla Tausche: “We are not aware of a change in the Vice Premier’s travels plans at this time.” A senior administration official also told Tausche that Liu is still scheduled to depart on Friday evening. The trade negotiations between Washington and Beijing this week were highly anticipated. The two largest economies have struggled to reach a deal to end their trade war that has now lasted for more than a year. Washington and Beijing have slapped tariffs on billions of dollars worth of each other’s goods. “As of right now, [Pres. Trump] has not made up his mind because he does not know what they’re going to offer,” a senior official said. A principal in the negotiations later told CNBC, however, that Friday’s session is now an “open question.” Bloomberg News also reported overnight that the U.S was considering an agreement to suspend next week’s tariff increase in exchange for a currency pact. The U.S. previously announced it will increase duties on $250 billion worth of Chinese goods from 25% to 30% on October 15. A 15% tariff on an additional $160 billion worth of Chinese imports is also expected to kick in on December 15. “The prize for some sort of trade deal today — no matter how trivial — will be to avoid the implementation of further tariffs,” Robert Carnell, chief economist and head of research for Asia Pacific at ING, wrote in a note. “I think that a ‘nothing achieved’ outcome from today’s talks would return markets to a risk-off mode fairly quickly,” Carnell said. One political science expert told CNBC on Thursday that he was “quite pessimistic about a quick resolution” being reached from the negotiations. “What happens is that there is sort of a truce in the trade talks,” Pushan Dutt, professor of economics and political science at INSEAD, told CNBC on Thursday. “Markets get lulled into expecting that … good things will happen, then along comes a tweet or a tirade and then we’re back int his position of escalating tariffs and tit-for-tat tariffs.”

Asia-Pacific Market Indexes Chart

U.S. stock futures saw wild trading following the SCMP report, with Dow Jones Industrial Average futures plunging more than 300 points at one point. They later saw a recovery from those lows as more developments emerged. As of 2:52 a.m. ET Thursday, futures pointed to an opening decline of 22.01 points for the Dow. S&P 500 and Nasdaq-100 futures also pointed to slight declines for the two indexes at Thursday’s open on Wall Street.

Currencies and oil


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: eustance huang
Keywords: news, cnbc, companies, trade, chinese, futures, trump, told, asia, huawei, announce, negotiations, trading, report, day, markets, concessions, major, worth, rebound


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Stock futures rise after optimistic Trump comments on US-China trade

U.S. stock futures traded higher Thursday night after President Donald Trump issued positive remarks on the U.S.-China trade talks. Dow Jones Industrial Average futures were up 45 points, or 0.2% to imply a gain of around 75 points at Friday’s open. The Dow rose as much as 257 points on Thursday before closing 150 points higher. Others, however, pointed toward some sort of deal being made that would involve holding off on higher U.S. tariffs against China. The U.S.-China trade war has dragged on


U.S. stock futures traded higher Thursday night after President Donald Trump issued positive remarks on the U.S.-China trade talks. Dow Jones Industrial Average futures were up 45 points, or 0.2% to imply a gain of around 75 points at Friday’s open. The Dow rose as much as 257 points on Thursday before closing 150 points higher. Others, however, pointed toward some sort of deal being made that would involve holding off on higher U.S. tariffs against China. The U.S.-China trade war has dragged on
Stock futures rise after optimistic Trump comments on US-China trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: fred imbert
Keywords: news, cnbc, companies, trump, comments, optimistic, higher, chinese, night, trade, futures, points, uschina, tariffs, stock, talks, rise


Stock futures rise after optimistic Trump comments on US-China trade

U.S. stock futures traded higher Thursday night after President Donald Trump issued positive remarks on the U.S.-China trade talks.

Dow Jones Industrial Average futures were up 45 points, or 0.2% to imply a gain of around 75 points at Friday’s open. S&P 500 and Nasdaq 100 also gained about 0.2% each.

Trump told reporters that talks between the two countries are going “really well.” His comments came after he tweeted earlier in the day he would meet with Chinese Vice Premier Liu He at the White House on Friday. That tweet was enough to temporarily assuage fears about a potential lack of progress from the talks.

The Dow rose as much as 257 points on Thursday before closing 150 points higher. The S&P 500 and Nasdaq Composite climbed 0.7% and 0.6%, respectively.

Trump’s tweet came hours after a deluge of trade-related headlines Wednesday night gave investors whiplash. Some reports indicated the talks were stalling or were yielding little fruit. Others, however, pointed toward some sort of deal being made that would involve holding off on higher U.S. tariffs against China.

“Even a partial deal could be a huge boost for stocks, especially following this week’s scary headlines,” Ken Berman, founder of Gorilla Trades, said in a note. “The Chinese delegation is scheduled to leave Washington tomorrow, so another day of volatile swings might be ahead.”

The major stock indexes are little changed as investors await the outcome of the negotiations. The U.S.-China trade war has dragged on for more than a year. In that time, the U.S. has targeted billions of dollars worth of Chinese goods with tariffs. China has retaliated with levies of its own, sparking fears of slower economic growth and weaker corporate earnings expansion.

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Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: fred imbert
Keywords: news, cnbc, companies, trump, comments, optimistic, higher, chinese, night, trade, futures, points, uschina, tariffs, stock, talks, rise


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US futures point to slightly higher open

Elon Musk pressured Thai officials to say nice things about him… According to new court filings, Musk was focused on what Thai officials were saying about him while they were trying to rescue a trapped soccer team and its coach. Technologyread more


Elon Musk pressured Thai officials to say nice things about him… According to new court filings, Musk was focused on what Thai officials were saying about him while they were trying to rescue a trapped soccer team and its coach. Technologyread more
US futures point to slightly higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam meredith
Keywords: news, cnbc, companies, musk, open, slightly, trying, officials, soccer, futures, point, things, say, team, thai, saying, trapped, higher


US futures point to slightly higher open

Elon Musk pressured Thai officials to say nice things about him…

According to new court filings, Musk was focused on what Thai officials were saying about him while they were trying to rescue a trapped soccer team and its coach.

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam meredith
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Dow futures drop 300 points after Chinese media reports that trade talks have made no progress

U.S. stock market futures plunged after the South China Morning Post reported on Wednesday evening that the U.S. and China made no progress in deputy level trade talks this week. Dow Jones Industrial Average futures lost more than 300 points at one point and were last down 259 points, or 1%. Shares of key stocks related to global trade declined in after hours with Apple and Caterpillar both down more than 1%. The move soured the tone of the lower level talks which were meant to set the table for


U.S. stock market futures plunged after the South China Morning Post reported on Wednesday evening that the U.S. and China made no progress in deputy level trade talks this week. Dow Jones Industrial Average futures lost more than 300 points at one point and were last down 259 points, or 1%. Shares of key stocks related to global trade declined in after hours with Apple and Caterpillar both down more than 1%. The move soured the tone of the lower level talks which were meant to set the table for
Dow futures drop 300 points after Chinese media reports that trade talks have made no progress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: fred imbert john melloy, fred imbert, john melloy
Keywords: news, cnbc, companies, stocks, trade, reports, week, points, drop, level, weekthe, tariffs, futures, talks, china, chinese, media, report, dow, progress


Dow futures drop 300 points after Chinese media reports that trade talks have made no progress

U.S. stock market futures plunged after the South China Morning Post reported on Wednesday evening that the U.S. and China made no progress in deputy level trade talks this week.

The report added that higher level talks including China’s Vice Premier Liu He would only be one day now with the China delegation planning to leave Washington on Thursday instead of Friday as planned.

Dow Jones Industrial Average futures lost more than 300 points at one point and were last down 259 points, or 1%. S&P 500 and Nasdaq-100 futures were also down 1%. Shares of key stocks related to global trade declined in after hours with Apple and Caterpillar both down more than 1%.

The White House did not immediately respond to CNBC’s request for comment. The issue of forced technology transfers, which China refused to put on the table, was the reason why talks were at a standstill, the report said.

U.S. stocks fell on Monday and Tuesday as investors lowered their expectations for a trade deal. Stocks rebounded on Wednesday, however, as traders grew more comfortable with the idea of a partial deal and the postponement of future tariffs, a scenario laid out in various media reports. Now even that seems out of reach, according to this report. Tariffs are set to increase on China imports on this coming Tuesday following a two-week delay seen as a goodwill gesture by President Donald Trump.

But on Tuesday of this week, the Department of Commerce added 28 new Chinese companies and agencies to a “blacklist.” The move soured the tone of the lower level talks which were meant to set the table for an actual trade agreement later in the week.

The SCMP had reported earlier in the week that optimism was dimming on China’s side about the talks. The paper is owned by Alibaba and often criticized for reports seen as favoring the Chinese government.

— With reporting by Kevin Breuninger


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: fred imbert john melloy, fred imbert, john melloy
Keywords: news, cnbc, companies, stocks, trade, reports, week, points, drop, level, weekthe, tariffs, futures, talks, china, chinese, media, report, dow, progress


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