European stocks open lower as China posts slowest growth in nearly three decades

The pan-European Stoxx 600 index sank 0.3 percent as traders kicked off Monday’s session, with most sectors and major bourses in the red. Market players monitored news of slowing growth in the world’s second-largest economy. It’s the latest sign of weakness in the Chinese economy, and comes at a critical time in Beijing’s trade battle with the United States. Meanwhile, traders await British Prime Minister Theresa May’s announcement of a “Plan B” for Brexit which she is due to present in parliame


The pan-European Stoxx 600 index sank 0.3 percent as traders kicked off Monday’s session, with most sectors and major bourses in the red. Market players monitored news of slowing growth in the world’s second-largest economy. It’s the latest sign of weakness in the Chinese economy, and comes at a critical time in Beijing’s trade battle with the United States. Meanwhile, traders await British Prime Minister Theresa May’s announcement of a “Plan B” for Brexit which she is due to present in parliame
European stocks open lower as China posts slowest growth in nearly three decades Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-21  Authors: ryan browne
Keywords: news, cnbc, companies, slowest, worlds, china, data, minister, traders, mays, prime, stocks, nearly, index, posts, growth, european, chinese, lower, trade, economy, open, decades


European stocks open lower as China posts slowest growth in nearly three decades

The pan-European Stoxx 600 index sank 0.3 percent as traders kicked off Monday’s session, with most sectors and major bourses in the red.

Market players monitored news of slowing growth in the world’s second-largest economy. Official data published Monday said China’s gross domestic product (GDP) in 2018 grew 6.6 percent from the previous year, in line with analyst expectations but at its most sluggish rate in almost three decades.

It’s the latest sign of weakness in the Chinese economy, and comes at a critical time in Beijing’s trade battle with the United States. The two countries have been locked in a tense sparring of tariffs since the start of last year, but are currently trying to prevent any further escalation over the course of a 90-day truce.

Over the weekend, President Donald Trump said a trade deal with China “could very well happen,” but denied what he called “false reports” that the U.S. was considering lifting duties on Chinese imports.

Meanwhile, traders await British Prime Minister Theresa May’s announcement of a “Plan B” for Brexit which she is due to present in parliament later on Monday.

Last week, U.K. lawmakers rejected May’s EU withdrawal agreement, an event that was largely expected. The prime minister subsequently won a confidence vote that was tabled by opposition leader Jeremy Corbyn, albeit by a slim margin of 19 votes.

Sterling was barely changed in early morning trade, trading just below the flatline at $1.2871.

In corporate news, Logitech is due to report third-quarter results on Monday.

In terms of data, Germany’s December Producer Price Index (PPI) will be released at 2 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-01-21  Authors: ryan browne
Keywords: news, cnbc, companies, slowest, worlds, china, data, minister, traders, mays, prime, stocks, nearly, index, posts, growth, european, chinese, lower, trade, economy, open, decades


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US Treasurys lower as investors monitor trade developments and government shutdown

The Wall Street Journal reported Thursday that the U.S. could ease trade tariffs against China. The suggestion reportedly came from Treasury Secretary Steven Mnuchin, but faced pushback from U.S. Trade Representative Robert Lighthizer. Wall Street rallied on the news but pared some of those gains after a senior government official told CNBC that Mnuchin had not made any such recommendations. ET, the New York Fed President John Williams will speak in Somerset, New Jersey. ET, Philadelphia Fed Pre


The Wall Street Journal reported Thursday that the U.S. could ease trade tariffs against China. The suggestion reportedly came from Treasury Secretary Steven Mnuchin, but faced pushback from U.S. Trade Representative Robert Lighthizer. Wall Street rallied on the news but pared some of those gains after a senior government official told CNBC that Mnuchin had not made any such recommendations. ET, the New York Fed President John Williams will speak in Somerset, New Jersey. ET, Philadelphia Fed Pre
US Treasurys lower as investors monitor trade developments and government shutdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: silvia amaro
Keywords: news, cnbc, companies, investors, fed, york, shutdown, developments, et, trade, monitor, wall, philadelphia, mnuchin, lower, street, president, treasury, treasurys


US Treasurys lower as investors monitor trade developments and government shutdown

The Wall Street Journal reported Thursday that the U.S. could ease trade tariffs against China. The suggestion reportedly came from Treasury Secretary Steven Mnuchin, but faced pushback from U.S. Trade Representative Robert Lighthizer. Wall Street rallied on the news but pared some of those gains after a senior government official told CNBC that Mnuchin had not made any such recommendations.

Money managers were also following U.S. politics as the government shutdown continues into its 28th day.

In terms of economic data, there will be industrial production figures out at 9:15 a.m. ET and consumer sentiment numbers due at 10:00 a.m. ET.

No Treasury auctions were scheduled for Friday.

Elsewhere, at 9:05 a.m. ET, the New York Fed President John Williams will speak in Somerset, New Jersey. Slightly after that, at 11:00 a.m. ET, Philadelphia Fed President Patrick Harker will address a Symposium in Philadelphia.


Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: silvia amaro
Keywords: news, cnbc, companies, investors, fed, york, shutdown, developments, et, trade, monitor, wall, philadelphia, mnuchin, lower, street, president, treasury, treasurys


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More jobs are posted in January than any other month, but your odds of landing one of them are lower

Because employers typically start the year with new programs or projects planned and new growth targets to hit, they are also keenly aware of any personnel holes they may have that would prevent them achieving those goals. ZipRecruiter sees the highest volume of job postings within a single month occur in January each year, with listings typically rising 15 percent from December levels. But the influx of new job listings, however, is no match for the drove of hungry job seekers knocking on emplo


Because employers typically start the year with new programs or projects planned and new growth targets to hit, they are also keenly aware of any personnel holes they may have that would prevent them achieving those goals. ZipRecruiter sees the highest volume of job postings within a single month occur in January each year, with listings typically rising 15 percent from December levels. But the influx of new job listings, however, is no match for the drove of hungry job seekers knocking on emplo
More jobs are posted in January than any other month, but your odds of landing one of them are lower Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: kerri anne renzulli, monkeybusinessimages, istock, getty images
Keywords: news, cnbc, companies, job, listings, posted, employers, typically, number, seekers, odds, month, landing, soon, ziprecruiter, jobs, lower, start


More jobs are posted in January than any other month, but your odds of landing one of them are lower

If the start of the new year has you thinking more “new job” than “new you,” we have some good news — with a catch.

Job openings and ads skyrocket in January, but so does the number of people looking for a different gig.

That’s according to data from online job hub ZipRecruiter. Because employers typically start the year with new programs or projects planned and new growth targets to hit, they are also keenly aware of any personnel holes they may have that would prevent them achieving those goals. This leads companies to ramp up job postings in January so they can fill those gaps as soon as possible, says Julia Pollak, ZipRecruiter’s labor economist.

ZipRecruiter sees the highest volume of job postings within a single month occur in January each year, with listings typically rising 15 percent from December levels.

And employers aren’t just advertising, they are actually closing the deal more often in January too — hiring increases 30 percent in the first month of the year over December rates.

But the influx of new job listings, however, is no match for the drove of hungry job seekers knocking on employer’s doors in the first month of the year. Maybe it is all those ad listings, New Year’s resolutions or a determination to stick it out till that year-end bonus comes in, but January is by far the most popular month of the year for job seekers to kick off their search, ZipRecruiter found.

Applications to jobs posted on ZipRecruiter rose 40 percent from December 2017 to January 2018. The site expects to see a similar, if not higher, bump this year, as the number of applications has been growing each year.

So even though there are more jobs available in January, you’re facing much stiffer competition for those roles, meaning your odds of landing the gig actually decrease in January as compared to other times of the year, like December, when the pool of candidates falls more than the number of openings does.

Don’t despair. Strong candidates typically benefit from having more options to choose from, says Pollak as they can pick the best employer and salary. If you want to tilt the game in your favor, apply to listings as soon as possible. “Apply early and follow up on any emails or interviews with the company promptly, she recommends.

Getting in early and showing your enthusiasm can be an easy way to set yourself apart.

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: 64% of job seekers make this mistake, and it could cost you $750,000 over the course of your career


Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: kerri anne renzulli, monkeybusinessimages, istock, getty images
Keywords: news, cnbc, companies, job, listings, posted, employers, typically, number, seekers, odds, month, landing, soon, ziprecruiter, jobs, lower, start


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FDA clears the way to increase access and lower cost of life-saving opioid overdose treatment drug

The Food and Drug Administration is clearing the way for drug companies to increase access and lower the cost of a life-saving drug used to treat opioid overdoses. The FDA said Thursday it is streamlining the labeling for naloxone, a prescription drug that can reverse an opioid overdose if caught early enough. “Naloxone is a critical drug to help reduce opioid overdose deaths,” FDA Commissioner Scott Gottlieb said in a statement. “Prevention and treatment of opioid overdose is an urgent priority


The Food and Drug Administration is clearing the way for drug companies to increase access and lower the cost of a life-saving drug used to treat opioid overdoses. The FDA said Thursday it is streamlining the labeling for naloxone, a prescription drug that can reverse an opioid overdose if caught early enough. “Naloxone is a critical drug to help reduce opioid overdose deaths,” FDA Commissioner Scott Gottlieb said in a statement. “Prevention and treatment of opioid overdose is an urgent priority
FDA clears the way to increase access and lower cost of life-saving opioid overdose treatment drug Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: angelica lavito, scott olson, getty images
Keywords: news, cnbc, companies, overdose, increase, way, naloxone, cost, lifesaving, fda, lower, opioid, treatment, drug, spray, prescription, labels, price


FDA clears the way to increase access and lower cost of life-saving opioid overdose treatment drug

The Food and Drug Administration is clearing the way for drug companies to increase access and lower the cost of a life-saving drug used to treat opioid overdoses.

The FDA said Thursday it is streamlining the labeling for naloxone, a prescription drug that can reverse an opioid overdose if caught early enough. The change will enable drugmakers to produce over-the-counter versions of the medication that some have criticized as prohibitively expensive and difficult to buy.

“Naloxone is a critical drug to help reduce opioid overdose deaths,” FDA Commissioner Scott Gottlieb said in a statement. “Prevention and treatment of opioid overdose is an urgent priority. Increased availability of naloxone for emergency treatment of overdoses is an important step.”

Naloxone, sold as an injection or nasal spray, is used in emergency rooms across the U.S. to reverse the symptoms of a drug overdose from opioids like heroin or prescription pain medications Vicodin, fentanyl, OxyContin and Percocet. It binds itself to opioid receptors in the brain, thereby blocking the drugs and stopping an overdose within two to five minutes.

Naloxone maker Kaleo has an injection treatment called Evzio that has a list price of $4,100. The company plans to release a generic version of Evzio with a retail price of $178 this year. A two-pack of Narcan, a naloxone nasal spray, has a retail price of about $125. Generic naloxone costs about $40 per dose.

The FDA is trying to lower the cost even more and increase consumer access by creating easy-to-understand labels the industry can use as a template for over-the-counter versions that can be sold at pharmacies without a prescription.

Opioids were involved in 47,600 overdose deaths in 2017, accounting for about 68 percent of such fatalities, according to the Centers for Disease Control and Prevention. Americans are now more likely to die from accidental opioid overdoses than car crashes, according to the National Safety Council.

Surgeon General Jerome Adams recommended in April that people who know someone at risk for opioid overdoses should carry naloxone. Pharmacies have started selling it without a prescription, but some people haven’t been able to find it in stores or afford the treatment.

Pharmaceutical manufacturers that want to take a drug that’s already approved for prescription use and make it available over the counter must first develop a label that’s easy for consumers to understand. Drugmakers must also conduct studies to prove consumers can understand how to use the products without a doctor’s supervision.

The FDA created two model labels — for a nasal spray and for an auto-injector. The labels use pictograms to show people how to use the products. The agency also hired an independent research contractor to study more than 700 people who might use naloxone if they use heroin or a friend uses prescription opioids.

Companies can use the labels FDA created and tweak them as necessary.

“I personally urge companies to take notice of this pathway that FDA has opened for them and come to the agency with applications as soon as possible,” Gottlieb said.


Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: angelica lavito, scott olson, getty images
Keywords: news, cnbc, companies, overdose, increase, way, naloxone, cost, lifesaving, fda, lower, opioid, treatment, drug, spray, prescription, labels, price


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Treasury yields rise after UK leader May’s Brexit vote defeat

U.S. government debt prices were lower on Wednesday as traders digested news of the defeat of U.K. Prime Minister Theresa May’s Brexit deal. The yield on the benchmark 10-year Treasury note rose to 2.729 percent, while the yield on the 30-year Treasury bond increased to 3.091 percent. May suffered a huge defeat in Parliament on Tuesday, which saw her Brexit deal voted down by 230 votes, which has been reported to be the highest margin of defeat for any sitting government in U.K. political histor


U.S. government debt prices were lower on Wednesday as traders digested news of the defeat of U.K. Prime Minister Theresa May’s Brexit deal. The yield on the benchmark 10-year Treasury note rose to 2.729 percent, while the yield on the 30-year Treasury bond increased to 3.091 percent. May suffered a huge defeat in Parliament on Tuesday, which saw her Brexit deal voted down by 230 votes, which has been reported to be the highest margin of defeat for any sitting government in U.K. political histor
Treasury yields rise after UK leader May’s Brexit vote defeat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: ryan browne, drew angerer, getty images
Keywords: news, cnbc, companies, prime, treasury, lower, brexit, yields, minister, political, rise, voted, vote, mays, defeat, leader, parliament, yield, uk


Treasury yields rise after UK leader May's Brexit vote defeat

U.S. government debt prices were lower on Wednesday as traders digested news of the defeat of U.K. Prime Minister Theresa May’s Brexit deal.

The yield on the benchmark 10-year Treasury note rose to 2.729 percent, while the yield on the 30-year Treasury bond increased to 3.091 percent. Bond yields move inversely to prices.

May suffered a huge defeat in Parliament on Tuesday, which saw her Brexit deal voted down by 230 votes, which has been reported to be the highest margin of defeat for any sitting government in U.K. political history.

The prime minister told Parliament’s lower chamber that her Conservative government “will listen” to lawmakers’ concerns over the deal following the vote. The government will make a statement in the Parliament on Jan. 21, where she is expected to present a “plan B” for the divorce agreement.

Jeremy Corbyn, the leader of the opposition Labour Party, tabled a motion of no-confidence in the government, which will be debated and voted on Wednesday. Sterling gained 0.1 percent against the dollar during morning trade, last changing hands at $1.2871.

In political news stateside, the partial U.S. government shutdown — the longest in history — has entered its 26th day. A political stalemate between the Democrats and the Trump administration over funding for President Trump’s proposed border wall has shown no signs of abating.


Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: ryan browne, drew angerer, getty images
Keywords: news, cnbc, companies, prime, treasury, lower, brexit, yields, minister, political, rise, voted, vote, mays, defeat, leader, parliament, yield, uk


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Markets see lower no-deal Brexit risk: Bank of England’s Carney

Bank of England Governor Mark Carney said sterling’s rise after Prime Minister Theresa May’s Brexit plan was defeated in parliament suggested investors felt the risk of a no-deal Brexit had diminished, or that the process would be extended. “I’m not giving my view, I’m giving the markets’ initial take,” Carney told lawmakers in parliament on Wednesday during a regular hearing. “I wouldn’t put much weight on these very short term-moves. The British pound rallied to its highest in nearly two month


Bank of England Governor Mark Carney said sterling’s rise after Prime Minister Theresa May’s Brexit plan was defeated in parliament suggested investors felt the risk of a no-deal Brexit had diminished, or that the process would be extended. “I’m not giving my view, I’m giving the markets’ initial take,” Carney told lawmakers in parliament on Wednesday during a regular hearing. “I wouldn’t put much weight on these very short term-moves. The British pound rallied to its highest in nearly two month
Markets see lower no-deal Brexit risk: Bank of England’s Carney Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, carney, lower, weight, bank, brexit, giving, pound, nearly, parliament, vote, risk, wouldnt, nodeal, waitingthe, markets, englands


Markets see lower no-deal Brexit risk: Bank of England's Carney

Bank of England Governor Mark Carney said sterling’s rise after Prime Minister Theresa May’s Brexit plan was defeated in parliament suggested investors felt the risk of a no-deal Brexit had diminished, or that the process would be extended.

“I’m not giving my view, I’m giving the markets’ initial take,” Carney told lawmakers in parliament on Wednesday during a regular hearing.

“I wouldn’t put much weight on these very short term-moves. The market is waiting.”

The British pound rallied to its highest in nearly two months against the euro on Wednesday. Against the dollar, the pound was broadly flat at $1.2866 after jumping by nearly a cent immediately after Tuesday’s vote.


Company: cnbc, Activity: cnbc, Date: 2019-01-16  Authors: simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, carney, lower, weight, bank, brexit, giving, pound, nearly, parliament, vote, risk, wouldnt, nodeal, waitingthe, markets, englands


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Mortgage applications surge 13.5% as borrowers rush to take advantage of lower rates

Volume was 11 percent lower compared with one year ago, when mortgage rates were 42 basis points lower. Still, it is also important to note that a jump in mortgage rates last January caused mortgage demand to drop, so the annual comparisons are now off a lower volume. They may also be eager to take advantage of the dip in mortgage rates. Both Wells Fargo and J.P. Morgan reported lower mortgage origination volume in the last quarter, according to company earnings releases Tuesday. Simply put, ban


Volume was 11 percent lower compared with one year ago, when mortgage rates were 42 basis points lower. Still, it is also important to note that a jump in mortgage rates last January caused mortgage demand to drop, so the annual comparisons are now off a lower volume. They may also be eager to take advantage of the dip in mortgage rates. Both Wells Fargo and J.P. Morgan reported lower mortgage origination volume in the last quarter, according to company earnings releases Tuesday. Simply put, ban
Mortgage applications surge 13.5% as borrowers rush to take advantage of lower rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: diana olick, scott mlyn
Keywords: news, cnbc, companies, rush, applications, lower, 135, mortgage, rates, surge, borrowers, highest, market, advantage, level, spring, loans, volume, week


Mortgage applications surge 13.5% as borrowers rush to take advantage of lower rates

Mortgage demand continues to recover sharply, after ending last year in the basement.

Total mortgage application volume rose 13.5 percent last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

That is its highest level since February 2018 and came after a 23 percent jump the previous week. Volume was just 0.5 percent lower compared with the same week one year ago.

Refinance demand drove the gains, with those applications rising 19 percent for the week to the highest level since last March. Volume was 11 percent lower compared with one year ago, when mortgage rates were 42 basis points lower.

The drop in mortgage rates over the past two months has given new life to the refinance market. Still, it is also important to note that a jump in mortgage rates last January caused mortgage demand to drop, so the annual comparisons are now off a lower volume. Refinance volume is still historically low.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) remain unchanged at 4.74 percent, with points decreasing to 0.45 from 0.47 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The rate has fallen 20 basis points in the past four weeks.

“Uncertainty regarding the government shutdown, slowing global growth, Brexit, a more patient Fed, and a volatile stock market continued to keep rates from increasing,” said Mike Fratantoni, MBA’s chief economist. “The spring homebuying season is almost upon us, and if rates stay lower, inventory continues to grow, and the job market maintains its strength, we do expect to see a solid spring market.”

Mortgage applications to purchase a home also rebounded 9 percent for the week to the highest level since April of 2010. Purchase volume was 11 percent higher compared with the same week one year ago. Buyers may be jumping in before the start of the usually competitive spring season. They may also be eager to take advantage of the dip in mortgage rates. More inventory came onto the market at the start of the year, and that may also be adding to activity.

The refinance share of mortgage activity increased to its highest level since January 2018, 46.8 percent of total applications, from 45.8 percent the previous week, and the adjustable-rate mortgage (ARM) share of activity increased to its highest level since October 2014, 9.2 percent of total applications. The average loan size for refinance applications reached a survey high at $353,100.

“Borrowers with larger loans tend to be more responsive to a given drop in mortgage rates, and we are seeing that so far in 2019,” Fratantoni said. “Furthermore, borrowers with jumbo loans are also more apt to take adjustable-rate mortgages as opposed to fixed-rate loans. Thus, it is not surprising to see the ARM share at its highest level since 2014. These borrowers may also feel more confident taking an adjustable-rate mortgage given the expectation of a more patient Fed.”

Although it is just one week’s read, the jump in purchase demand bodes well for the start of the spring market, indicating strong demand. High home prices were sidelining buyers last spring and higher mortgage rates last fall only exacerbated the weakness. Both Wells Fargo and J.P. Morgan reported lower mortgage origination volume in the last quarter, according to company earnings releases Tuesday.

“Home Lending revenue was down 8 percent, driven by lower net reduction revenue in a low volume highly competitive environment,” J.P. Morgan CFO Marianne Lake said in a prepared statement to analysts.

Simply put, banks are making less money on lower mortgage volume and less profitable loans.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: diana olick, scott mlyn
Keywords: news, cnbc, companies, rush, applications, lower, 135, mortgage, rates, surge, borrowers, highest, market, advantage, level, spring, loans, volume, week


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Gold steady on Fed pause hopes, equity recovery

Gold prices held steady on Tuesday, supported by market expectations of fewer interest rate hikes in the year by the U.S. Federal Reserve, while a bounce in Chinese equities stoked interest in riskier assets. Spot gold edged about 0.1 percent lower to $1,290.80 per ounce at 0401 GMT, while U.S. gold futures were unchanged at $1,291.4 an ounce. Market participants think that worries of slowing domestic and global growth as well as tame U.S. inflation will make Fed policymakers hesitant to raise i


Gold prices held steady on Tuesday, supported by market expectations of fewer interest rate hikes in the year by the U.S. Federal Reserve, while a bounce in Chinese equities stoked interest in riskier assets. Spot gold edged about 0.1 percent lower to $1,290.80 per ounce at 0401 GMT, while U.S. gold futures were unchanged at $1,291.4 an ounce. Market participants think that worries of slowing domestic and global growth as well as tame U.S. inflation will make Fed policymakers hesitant to raise i
Gold steady on Fed pause hopes, equity recovery Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: umit bektas
Keywords: news, cnbc, companies, slowing, steady, pause, gold, recovery, fed, ounce, expectations, supportive, rates, interest, market, unchanged, hopes, equity, lower


Gold steady on Fed pause hopes, equity recovery

Gold prices held steady on Tuesday, supported by market expectations of fewer interest rate hikes in the year by the U.S. Federal Reserve, while a bounce in Chinese equities stoked interest in riskier assets.

Spot gold edged about 0.1 percent lower to $1,290.80 per ounce at 0401 GMT, while U.S. gold futures were unchanged at $1,291.4 an ounce.

“We will see market resistance until we see some catalyst that will give some boost to safe haven assets,” said Kyle Rodda, a market analyst at IG, Australia.

“Markets are sitting on their hands and waiting for more information about the subjects that matter to them.”

Asian stocks recovered on Tuesday after Beijing signaled more supportive measures to stabilize a slowing economy, and emphasized that China is seeking a strong start in the first quarter.

Meanwhile, the dollar weakened on heightened expectations the Fed will hold off on raising rates this year due to a slowdown in global growth.

Market participants think that worries of slowing domestic and global growth as well as tame U.S. inflation will make Fed policymakers hesitant to raise interest rates.

Gold tends to gain on expectations of lower interest rates, as they reduce the opportunity cost of holding non-yielding bullion.

Spot gold looks neutral in a range of $1,285-$1,299 per ounce, and an escape could suggest a direction, according to Reuters technical analyst Wang Tao.

Markets will be keenly looking out for any progress in Brexit negotiations as Britain’s parliament will vote on Prime Minister Theresa May’s deal, which already looks set to be rejected by lawmakers.

“If anything goes wrong in today’s meeting, it will be supportive of gold,” said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai, India.

Among other precious metals, palladium rose 0.2 percent to $1,325.50 per ounce. In the previous session, the metal was trading just below the all-time high of $1,342.43 reached last week.

Platinum was unchanged at $799.50 per ounce, while silver gained 0.2 percent to $15.68.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: umit bektas
Keywords: news, cnbc, companies, slowing, steady, pause, gold, recovery, fed, ounce, expectations, supportive, rates, interest, market, unchanged, hopes, equity, lower


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European stocks open lower after China’s export slump rattles markets

Market focus is largely attuned to economic data, amid escalating fears of a sharper-than-expected slowdown in global growth and corporate profits. It comes after official data from China on Monday showed imports fell 7.6 percent year-on-year in December, while analysts had anticipated a 5 percent rise. The news appeared to reinforce worries that U.S. tariffs on Chinese goods were starting to take a heavy toll on China’s cooling economy. That’s because British lawmakers are poised to vote on Pri


Market focus is largely attuned to economic data, amid escalating fears of a sharper-than-expected slowdown in global growth and corporate profits. It comes after official data from China on Monday showed imports fell 7.6 percent year-on-year in December, while analysts had anticipated a 5 percent rise. The news appeared to reinforce worries that U.S. tariffs on Chinese goods were starting to take a heavy toll on China’s cooling economy. That’s because British lawmakers are poised to vote on Pri
European stocks open lower after China’s export slump rattles markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: sam meredith
Keywords: news, cnbc, companies, mays, stocks, data, exit, worries, lower, rattles, slump, chinas, brexit, yearonyear, open, bloc, export, markets, vote, market, european, weekson


European stocks open lower after China's export slump rattles markets

Market focus is largely attuned to economic data, amid escalating fears of a sharper-than-expected slowdown in global growth and corporate profits. It comes after official data from China on Monday showed imports fell 7.6 percent year-on-year in December, while analysts had anticipated a 5 percent rise.

Meanwhile, the country’s exports unexpectedly dropped 4.4 percent, defying projections of a 3 percent gain. The news appeared to reinforce worries that U.S. tariffs on Chinese goods were starting to take a heavy toll on China’s cooling economy.

In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, slipped around 1 percent on Monday.

Back in Europe, Brexit remains in the spotlight for market participants. That’s because British lawmakers are poised to vote on Prime Minister Theresa May’s much maligned Brexit deal on Tuesday.

Remarkably, May’s template to exit the bloc faces virtually certain defeat.

That leaves the prospect of a complete collapse of government, a disorderly exit from the bloc or even the entire Brexit process being scrapped altogether over the coming weeks.

On the data front, investors are also likely to closely monitor the latest year-on-year industrial production figures for the euro area at around 10:00 a.m. London time.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: sam meredith
Keywords: news, cnbc, companies, mays, stocks, data, exit, worries, lower, rattles, slump, chinas, brexit, yearonyear, open, bloc, export, markets, vote, market, european, weekson


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US Treasury yields move lower as investors monitor longest US government shutdown

U.S. government debt prices were higher on Monday morning, as investors monitored developments in U.S. politics and weak data out of China. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.6757 percent, while the yield on the 30-year Treasury bond was also lower at 3.0219 percent. The moves in pre-market trade come after fresh data out on Monday showed Chinese December exports and imports dropping unexpectedly. These figures deepened concern


U.S. government debt prices were higher on Monday morning, as investors monitored developments in U.S. politics and weak data out of China. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.6757 percent, while the yield on the 30-year Treasury bond was also lower at 3.0219 percent. The moves in pre-market trade come after fresh data out on Monday showed Chinese December exports and imports dropping unexpectedly. These figures deepened concern
US Treasury yields move lower as investors monitor longest US government shutdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: silvia amaro
Keywords: news, cnbc, companies, monitor, slowdown, investors, data, moves, weak, lower, treasury, trade, shutdown, yields, worlds, unexpectedly, yield, longest


US Treasury yields move lower as investors monitor longest US government shutdown

U.S. government debt prices were higher on Monday morning, as investors monitored developments in U.S. politics and weak data out of China.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.6757 percent, while the yield on the 30-year Treasury bond was also lower at 3.0219 percent.

The moves in pre-market trade come after fresh data out on Monday showed Chinese December exports and imports dropping unexpectedly. These figures deepened concerns of a slowdown in the world’s second-largest economy.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: silvia amaro
Keywords: news, cnbc, companies, monitor, slowdown, investors, data, moves, weak, lower, treasury, trade, shutdown, yields, worlds, unexpectedly, yield, longest


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