Brexit talks: Watch four experts explain what Brexit means for markets and companies

The latest Brexit negotiations between the United Kingdom and the European Union remain at an impasse over the issue of the land border between Northern Ireland and the Republic of Ireland. With leaders set to meet at the EU Summit on Wednesday in Brussels, the future of the so-called Withdrawal Agreement still hangs in the balance. If no deal is reached this week, a new emergency summit will be called for some time in mid-November. “There’s no doubt that the consumer will be impacted and the ec


The latest Brexit negotiations between the United Kingdom and the European Union remain at an impasse over the issue of the land border between Northern Ireland and the Republic of Ireland. With leaders set to meet at the EU Summit on Wednesday in Brussels, the future of the so-called Withdrawal Agreement still hangs in the balance. If no deal is reached this week, a new emergency summit will be called for some time in mid-November. “There’s no doubt that the consumer will be impacted and the ec
Brexit talks: Watch four experts explain what Brexit means for markets and companies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: meg teckman-fullard
Keywords: news, cnbc, companies, talks, brexit, uk, companies, week, union, watch, means, experts, impacted, united, europe, markets, withdrawal, unwise, explain, summit


Brexit talks: Watch four experts explain what Brexit means for markets and companies

The latest Brexit negotiations between the United Kingdom and the European Union remain at an impasse over the issue of the land border between Northern Ireland and the Republic of Ireland.

With leaders set to meet at the EU Summit on Wednesday in Brussels, the future of the so-called Withdrawal Agreement still hangs in the balance. If no deal is reached this week, a new emergency summit will be called for some time in mid-November.

“Brexit is probably the most unwise economic position that Europe has taken in the last 20 years along with the U.K.,” said Adidas CEO Kasper Rorsted in a CNBC interview on Oct. 9. “There’s no doubt that the consumer will be impacted and the economy will be impacted in the U.K., in Europe, for all businesses, including ours.”

Here’s what four experts had to say about how Brexit affects industries and markets.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: meg teckman-fullard
Keywords: news, cnbc, companies, talks, brexit, uk, companies, week, union, watch, means, experts, impacted, united, europe, markets, withdrawal, unwise, explain, summit


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European markets edge lower after Brexit talks fail to reach a breakthrough; Convatec shares fall 30%

The pan-European Stoxx 600 was down around 0.1 percent shortly after the opening bell, with most sectors and major bourses in negative territory. Many investors remained in a cautious mood on Monday, following an abrupt market shakeout in the previous trading week. Looking at individual stocks, Britain’s Convatec tumbled to the bottom of the European benchmark during early morning deals, shortly after CEO Paul Moraviec told the company’s board he wishes to retire. The global medical products and


The pan-European Stoxx 600 was down around 0.1 percent shortly after the opening bell, with most sectors and major bourses in negative territory. Many investors remained in a cautious mood on Monday, following an abrupt market shakeout in the previous trading week. Looking at individual stocks, Britain’s Convatec tumbled to the bottom of the European benchmark during early morning deals, shortly after CEO Paul Moraviec told the company’s board he wishes to retire. The global medical products and
European markets edge lower after Brexit talks fail to reach a breakthrough; Convatec shares fall 30% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: sam meredith
Keywords: news, cnbc, companies, uschina, trading, week, global, tumbled, wishes, war, lower, shares, talks, convatec, edge, fail, fall, earnings, european, shortly, markets, yields, reach


European markets edge lower after Brexit talks fail to reach a breakthrough; Convatec shares fall 30%

The pan-European Stoxx 600 was down around 0.1 percent shortly after the opening bell, with most sectors and major bourses in negative territory.

Many investors remained in a cautious mood on Monday, following an abrupt market shakeout in the previous trading week. The global sell-off was blamed on a series of factors, including the impact of a U.S.-China trade war, a spike in U.S. bond yields and nervousness ahead of earnings season.

Looking at individual stocks, Britain’s Convatec tumbled to the bottom of the European benchmark during early morning deals, shortly after CEO Paul Moraviec told the company’s board he wishes to retire. The global medical products and technologies firm also cut its full-year forecast on Monday, prompting shares to tank more than 30 percent.

Meanwhile, Chr. Hansen surged towards the top of the index amid earnings news. The Copenhagen-listed stock rose more than 4 percent after it reported slightly better-than-expected fourth-quarter results.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: sam meredith
Keywords: news, cnbc, companies, uschina, trading, week, global, tumbled, wishes, war, lower, shares, talks, convatec, edge, fail, fall, earnings, european, shortly, markets, yields, reach


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Asia markets: Wall Street, US-China trade war, currencies in focus

Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week. In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN. In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower. Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with


Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week. In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN. In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower. Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with
Asia markets: Wall Street, US-China trade war, currencies in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: eustance huang
Keywords: news, cnbc, companies, asia, trading, bank, war, fell, china, currencies, wall, slipped, sectors, day, saw, street, losses, trade, focus, uschina, markets, close


Asia markets: Wall Street, US-China trade war, currencies in focus

Stocks in Asia slipped on Monday afternoon as investors remained cautious, following global losses in the previous week.

In the Greater China region, the Hang Seng index in Hong Kong fell by around 1.32 percent as of 3:31 a.m. HK/SIN.

The Shanghai composite also slipped by 1.49 percent to close at around 2,568.10 — its lowest since November 2014 — while the Shenzhen composite declined by 1.178 percent to end the trading day at about 1,281.08.

The moves in China came as new reserve requirements for lenders went into effect, in a move by the People’s Bank of China which is expected to inject 750 billion yuan (around $108.4 billion) into the banking system.

In Japan, the Nikkei 225 fell by 1.87 percent to close at 22,271.30, while the Topix index slipped by 1.59 percent at 1,675.44, with most sectors ending the trading day lower.

Meanwhile, South Korea’s Kospi also saw losses of 0.77 percent to close at 2,145.12, with industry heavyweight Samsung Electronics slipping by 0.45 percent and chipmaker SK Hynix falling by 2.9 percent.

In Australia, the benchmark ASX 200 fell around 1 percent to end the trading day Down Under at 5,837.1 with most sectors lower. The heavily weighted financial subindex fell 1.62 percent as major banking shares saw losses — Commonwealth Bank was down 2.09 percent, ANZ fell 1.85 percent, Westpac was lower by 1.59 percent and the National Australia Bank declined by 1.58 percent.


Company: cnbc, Activity: cnbc, Date: 2018-10-15  Authors: eustance huang
Keywords: news, cnbc, companies, asia, trading, bank, war, fell, china, currencies, wall, slipped, sectors, day, saw, street, losses, trade, focus, uschina, markets, close


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Gold rises as falling markets burnish appeal

Gold prices rose on Monday as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-U.S. trade war and higher U.S. interest rates. When stock markets are not stable, there is some safe haven buying,” said Ronald Leung, chief dealer, Lee Cheong Gold Dealers, Hong Kong. Gold remains down by more than 10 percent from its April peak, pressured by a strong dollar as the U.S.-China trade war unfolds and higher U.S. interest rates. Gold speculators extended their ne


Gold prices rose on Monday as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-U.S. trade war and higher U.S. interest rates. When stock markets are not stable, there is some safe haven buying,” said Ronald Leung, chief dealer, Lee Cheong Gold Dealers, Hong Kong. Gold remains down by more than 10 percent from its April peak, pressured by a strong dollar as the U.S.-China trade war unfolds and higher U.S. interest rates. Gold speculators extended their ne
Gold rises as falling markets burnish appeal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-15
Keywords: news, cnbc, companies, stock, appeal, expected, falling, war, interest, contracts, gold, shares, rose, rises, trade, burnish, markets


Gold rises as falling markets burnish appeal

Gold prices rose on Monday as Asian shares resumed their fall and investors grappled with the impact of the ongoing Sino-U.S. trade war and higher U.S. interest rates.

Spot gold was up 0.4 percent at $1,222.0 an ounce at 0417 GMT, and not far off last week’s two-month high of $1,226.70.

U.S. gold futures were up 0.2 percent at $1,225.60 an ounce.

“Gold is closely following the stock market. When stock markets are not stable, there is some safe haven buying,” said Ronald Leung, chief dealer, Lee Cheong Gold Dealers, Hong Kong.

“There are many uncertainties ahead for equities including the ongoing trade war, upcoming mid-term elections in the U.S., along with an expected interest rate hike in December … We will have to see how gold reacts to these.”

Asian shares slipped on Monday, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 1 percent.

“Gold is more appealing after the stock market crash. It has regained some of its safe haven lure,” said Brian Lan, managing director at Singapore dealer GoldSilver Central.

A sell-off in equities last week, helped gold break above the narrow trading range of the past 1-1/2 months, with the metal jumping as much as 2.5 percent on Thursday, its biggest one-day percentage gain in more than two years.

“Gold remains supported by escalating geopolitical tensions… Adding to the mix is the thought the FOMC may consider pausing their widely expected rate hike in December if global equity markets continue to falter,” said Stephen Innes, APAC trading head at OANDA in Singapore.

“An abrupt shift in Fed policy will likely lead to a lack of confidence in the world’s most important central bank and could destabilize markets further.”

The Fed hiked rates last month for the third time this year and is expected to raise them again in December.

Gold remains down by more than 10 percent from its April peak, pressured by a strong dollar as the U.S.-China trade war unfolds and higher U.S. interest rates.

China faced “tremendous uncertainties” due to the impact of tariffs and trade frictions, China central bank governor Yi Gang said on Sunday.

Gold speculators extended their net short position on Comex gold contracts by 29,881 contracts to 103,009 contracts in the week to Oct. 9, data showed.

Spot gold may edge up to $1,235 per ounce, as suggested by a Fibonacci ratio analysis, according to Reuters technical analyst Wang Tao.

Meanwhile, holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.76 percent to 744.64 tonnes on Friday.

In other precious metals, palladium rose 0.5 percent to $1,071.10. Silver was up 0.6 percent at $14.63 and platinum gained 0.5 percent to $840.50.


Company: cnbc, Activity: cnbc, Date: 2018-10-15
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‘We’re trusting the bounce’: PNC Financial says it’s too early to turn bearish on stocks

Agati, who is the firm’s co-chief investment strategist, believes a strong earnings season will revive the markets and boost confidence among investors. Really, we think the fundamental backdrop for the economy and the markets continues to be very strong,” she said Friday on CNBC’s “Trading Nation.” It came as J.P. Morgan Chase kicked off earnings season with a beat. “We’re still very positive on Q3 earnings season,” she said. “One day does not make a trend, and so we really think that Q3 is goi


Agati, who is the firm’s co-chief investment strategist, believes a strong earnings season will revive the markets and boost confidence among investors. Really, we think the fundamental backdrop for the economy and the markets continues to be very strong,” she said Friday on CNBC’s “Trading Nation.” It came as J.P. Morgan Chase kicked off earnings season with a beat. “We’re still very positive on Q3 earnings season,” she said. “One day does not make a trend, and so we really think that Q3 is goi
‘We’re trusting the bounce’: PNC Financial says it’s too early to turn bearish on stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: stephanie landsman, maxim malinovsky, getty images, aly song, adam jeffery, mike blake, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, solid, early, stocks, agati, wall, turn, bounce, earnings, trusting, week, think, strong, bearish, really, markets, financial, season, pnc


'We're trusting the bounce': PNC Financial says it's too early to turn bearish on stocks

As earnings season gets underway, PNC Financial delivers two strategies to play in a volatile market 4:56 PM ET Fri, 12 Oct 2018 | 03:01

PNC Financial’s Amanda Agati isn’t ready to enter the bear camp despite a tumultuous week on Wall Street.

Agati, who is the firm’s co-chief investment strategist, believes a strong earnings season will revive the markets and boost confidence among investors.

“We’re trusting the bounce. Really, we think the fundamental backdrop for the economy and the markets continues to be very strong,” she said Friday on CNBC’s “Trading Nation.”

Her thoughts came as the major indexes were posting their worst week since March. The Dow jumped 287 points to 25,339.99 on Friday, but still lost 4 percent for the week. The S&P 500 rallied Friday to close 1.4 percent higher at 2,767.13.

It came as J.P. Morgan Chase kicked off earnings season with a beat. The bank reported a quarterly profit of $2.34 a share, topping the consensus by 9 cents. Its revenue also surpassed Street forecasts. However, its investment banking peers Citigroup and Wells Fargo reported mixed results.

“We’re still very positive on Q3 earnings season,” she said. “One day does not make a trend, and so we really think that Q3 is going to set up to be pretty solid. … As long as Q4 guidance looks pretty solid, too, I think that’s great news for the market.”

Yet, Agati expects volatility will stick around for a while — clarifying that she’s “not blindly bullish” due to the late economic cycle environment. Still. she has two ways to play it.

According to Agati, adopting a stock picker’s strategy instead of targeting broad sectors should garner solid profits for investors. She’s also turning positive on a group that Wall Street has been largely avoiding.

“The valuation story is getting really attractive: Big spreads in terms of valuations between EM [emerging markets] and the developed world,” Agati said. “That could be a really interesting backdrop sort of near-term opportunity for the market.”


Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: stephanie landsman, maxim malinovsky, getty images, aly song, adam jeffery, mike blake, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, solid, early, stocks, agati, wall, turn, bounce, earnings, trusting, week, think, strong, bearish, really, markets, financial, season, pnc


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Draghi to Rome: Don’t expect an ECB rescue if budget talks fail

BALI, Indonesia — European Central Bank President Mario Draghi is sending a warning to Rome ahead of its formal budget submission: Don’t expect the ECB to save the day. He also voiced relief that there has not been evidence of a wider spillover effect in European bond markets, even as Italian yields hit multi-year highs. Italy is due to send its 2019 budget to the European Commission for analysis by Oct.15. Draghi declined to say whether he was more optimistic about the outlook for a resolution


BALI, Indonesia — European Central Bank President Mario Draghi is sending a warning to Rome ahead of its formal budget submission: Don’t expect the ECB to save the day. He also voiced relief that there has not been evidence of a wider spillover effect in European bond markets, even as Italian yields hit multi-year highs. Italy is due to send its 2019 budget to the European Commission for analysis by Oct.15. Draghi declined to say whether he was more optimistic about the outlook for a resolution
Draghi to Rome: Don’t expect an ECB rescue if budget talks fail Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: nancy hungerford, yves herman
Keywords: news, cnbc, companies, rules, european, ecb, global, expect, budget, italian, trade, draghi, parties, rescue, dont, markets, fail, rome, talks, say


Draghi to Rome: Don't expect an ECB rescue if budget talks fail

BALI, Indonesia — European Central Bank President Mario Draghi is sending a warning to Rome ahead of its formal budget submission: Don’t expect the ECB to save the day.

In a Saturday press conference at the IMF and World Bank meetings in Bali, Indonesia, Draghi said he was confident that a budget agreement would be reached and urged all parties to “calm down with the tone.” He also voiced relief that there has not been evidence of a wider spillover effect in European bond markets, even as Italian yields hit multi-year highs. “Everything that happened today is local to Italy.”

When asked whether an eventual realization of contagion or a further rise in Italian yields would force the ECB to scrap tightening plans by year end, Draghi told CNBC: “I don’t want to speculate on this. I just don’t want to conceive such a hypothesis. I’m confident that the authorities — and by the way all parties, not only Italy — all parties will in the end find a compromise solution, an agreement.”

He went on to suggest that the situation had been “dramatized,” and that was “not the first time there are deviations from established rules in Europe.”

But investors are worried that the Italian government may seize on that precedent and take a gamble that running foul of EU budget rules won’t incur serious penalties, and that, if things do turn worse for Italian financial markets, they”ll be able to lean on the ECB for support.

Draghi, for his part, told CNBC that would not be a possibility.

Italy is due to send its 2019 budget to the European Commission for analysis by Oct.15.

Referring to the technical rules of the ECB’s Outright Monetary Transactions sovereign bond-buying program, he explained that it requires “strict conditionality attached to an ESM ( European Stability Mechanism) program,” and reiterated his belief that a solution will be reached before it arrives at that point.

Draghi’s confidence about Italy’s budget stood in contrast to his more cautious tone about the big global risk factor identified in the IMF’s annual growth forecast this week: trade tensions.

Draghi declined to say whether he was more optimistic about the outlook for a resolution on that front.

“It’s an ongoing issue,” he said. “For example, we had positive news about signing of a trade agreement with U.S., Canada and Mexico.”

The central banker added that an important area to watch is the ongoing trade spat between the U.S. and China. While he said it’s still too early to make predictions about how the dispute will conclude, he acknowledged that “the degree of concern in, say, the last six months has certainly gone up.”

According to Draghi, the biggest risk discussed at the annual meetings was the rising rate environment and a sharp repricing in assets.

His comments close out a week in which global markets were rocked by fears about the U.S. Federal Reserve and the prospect of more aggressive tightening.

Draghi played down his own concerns, however, saying the perceived threat to Europe had yet to materialize.

“So far, financing conditions are accommodative enough that we think the system is pretty resilient to that. So when we talked about these risks, we’re talking about possible situations that may happen in the future. But not now,” he said. “Having said that, these risks are now tilting to the downside for global growth, while, let’s say six months ago, we would have said they were pretty balanced.”


Company: cnbc, Activity: cnbc, Date: 2018-10-13  Authors: nancy hungerford, yves herman
Keywords: news, cnbc, companies, rules, european, ecb, global, expect, budget, italian, trade, draghi, parties, rescue, dont, markets, fail, rome, talks, say


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JP Morgan’s widely followed market analyst says it’s time to buy the dip

The bank’s widely followed analyst Marko Kolanovic said the dip was largely technical and followed the same selling template as the Dow’s massive drop in February. Russell 2000 even a bigger drawdown), we think that the current setup favors buying the dip,” Kolanovic, J.P. Morgan’s global quantitative and derivatives strategy analyst, said in a note to clients Friday. “A risk to the thesis is that market volatility continues to move higher which would result in further outflows from Volatility T


The bank’s widely followed analyst Marko Kolanovic said the dip was largely technical and followed the same selling template as the Dow’s massive drop in February. Russell 2000 even a bigger drawdown), we think that the current setup favors buying the dip,” Kolanovic, J.P. Morgan’s global quantitative and derivatives strategy analyst, said in a note to clients Friday. “A risk to the thesis is that market volatility continues to move higher which would result in further outflows from Volatility T
JP Morgan’s widely followed market analyst says it’s time to buy the dip Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: kate rooney
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JP Morgan's widely followed market analyst says it's time to buy the dip

Why you shouldn’t panic when stocks are getting slammed 9:47 AM ET Fri, 12 Oct 2018 | 02:11

J.P. Morgan is telling its clients to make the most of the market’s massive sell-off this week, as it’s almost over.

The bank’s widely followed analyst Marko Kolanovic said the dip was largely technical and followed the same selling template as the Dow’s massive drop in February.

“Given that equity indices already experienced comparable declines to February (and e.g. Russell 2000 even a bigger drawdown), we think that the current setup favors buying the dip,” Kolanovic, J.P. Morgan’s global quantitative and derivatives strategy analyst, said in a note to clients Friday. “A risk to the thesis is that market volatility continues to move higher which would result in further outflows from Volatility Targeting funds.”

February fears were largely similar to those of this week: rising yields and the Fed’s more hawkish stance. U.S. stock markets struggled to regain footing Friday after a 1,300-point drop earlier in the week.

“This risk is now balanced, and can turn into a positive impact, i.e. option hedgers buying equities,” Kolanovic said.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: kate rooney
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Kevin O’Leary: The American economy is ‘on fire’

Small businesses in the U.S. are on fire, even if the stock market is shaky, “Shark Tank” investor and entrepreneur Kevin O’Leary told CNBC on Friday. Small business owners reported aggressive hiring plans, the only obstacle to which has been a dearth of labor supply. “The sell-off in the stock market seems completely detached from what’s happening in the real economy,” Shrewsberry added. O’Leary added that private business owners “aren’t worried about the stock market, they are just killing it


Small businesses in the U.S. are on fire, even if the stock market is shaky, “Shark Tank” investor and entrepreneur Kevin O’Leary told CNBC on Friday. Small business owners reported aggressive hiring plans, the only obstacle to which has been a dearth of labor supply. “The sell-off in the stock market seems completely detached from what’s happening in the real economy,” Shrewsberry added. O’Leary added that private business owners “aren’t worried about the stock market, they are just killing it
Kevin O’Leary: The American economy is ‘on fire’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: chloe aiello, scott mlyn
Keywords: news, cnbc, companies, american, private, stock, havent, market, markets, small, economy, kevin, oleary, business, deregulation, owners


Kevin O'Leary: The American economy is 'on fire'

Small businesses in the U.S. are on fire, even if the stock market is shaky, “Shark Tank” investor and entrepreneur Kevin O’Leary told CNBC on Friday.

“Small domestic companies are the unsung hero of the policy that’s emerged from this administration,” O’Leary said on CNBC’s “Power Lunch.”

When PresidentDonald Trump took office, he pledged that he would pare down regulations on U.S. businesses. While the actual moves toward deregulation haven’t been quite as ambitious as planned, the approach has won him converts in the business community.

A recent reading from the National Federation of Independent Business was the second highest in history dating back 45 years. Small business owners reported aggressive hiring plans, the only obstacle to which has been a dearth of labor supply. The end of June saw 6.7 million job openings and just 6.6 million Americans classified as unemployed, an unprecedented imbalance.

“We are having the best year ever — ever in the last decade,” O’Leary said. “The deregulation in the state and the municipal and the federal level has given confidence to these operators to do something they haven’t done in 10 years: to actually take out loans and invest in their businesses, and create jobs, and increase sales, enhance margins, scale up.”

John Shrewsberry, CFO of Wells Fargo, commented that the stock market, which has had a volatile week, seems detached from the overall health of the economy.

“We’re on fire right now — in the high 3 [percent economic growth] this year and probably into next year as the benefits from tax reform and still relatively low rates are being expressed. Our own call is for things to begin to slow down as a result of rate increases after the end of next year,” he said on CNBC’s “Closing Bell.”

“The sell-off in the stock market seems completely detached from what’s happening in the real economy,” Shrewsberry added.

Concerns over rising interest rates and trade tension with China have rattled markets throughout the past few days. On Thursday, Wall Street closed sharply down, with the Dow falling over 540 points, bringing its two-day losses to more than 1,300 points. On Fridayequity markets tried to reclaim some groundafter posting solid losses over the last two sessions.

O’Leary added that private business owners “aren’t worried about the stock market, they are just killing it in their businesses.”

If tariffs rise by 25 percent across the board in January, O’Leary said, small business owners will likely feel the burn. But he said there is still room to grow for private businesses.

“My private investments are way outperforming the public markets — by miles. We are getting 11, 12, 14 percent increase in free cash flows — and we haven’t even had the effect of tax reform yet. I’m just talking about deregulation,” he said.

Since he’s making a lot more from private investments than he is from the markets, O’Leary said, he’s going to continue with that investment approach.

“I’m telling you, America is on fire,” O’Leary said.

— CNBC’s Jeff Cox contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: chloe aiello, scott mlyn
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Trade war could cut China’s growth by nearly 2 percentage points over two years: IMF

At its worst, the ongoing trade tensions could knock 1.6 percentage points off China’s economic growth over the first two years, according to an analysis by the International Monetary Fund. The assessment took into account all current and proposed tariffs on Chinese goods that enter the U.S., as well as knock-on effects the trade tensions have on investor confidence and financial markets. Rhee told reporters that direct economic impact from the tariff fight between the U.S. and China is actually


At its worst, the ongoing trade tensions could knock 1.6 percentage points off China’s economic growth over the first two years, according to an analysis by the International Monetary Fund. The assessment took into account all current and proposed tariffs on Chinese goods that enter the U.S., as well as knock-on effects the trade tensions have on investor confidence and financial markets. Rhee told reporters that direct economic impact from the tariff fight between the U.S. and China is actually
Trade war could cut China’s growth by nearly 2 percentage points over two years: IMF Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: yen nee lee, getty images
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Trade war could cut China's growth by nearly 2 percentage points over two years: IMF

At its worst, the ongoing trade tensions could knock 1.6 percentage points off China’s economic growth over the first two years, according to an analysis by the International Monetary Fund.

The assessment took into account all current and proposed tariffs on Chinese goods that enter the U.S., as well as knock-on effects the trade tensions have on investor confidence and financial markets. But much of that impact is expected to be offset by the Chinese government’s policies to stimulate the economy, noted Changyong Rhee, director of the IMF’s Asia and Pacific Department.

The analysis was published on Friday in the IMF’s Regional Economic Outlook report focusing on the Asia Pacific region.

Rhee told reporters that direct economic impact from the tariff fight between the U.S. and China is actually “quite small.” What’s more detrimental is the hit to investor confidence, which has rattled financial markets and is likely to last for a while, he said.

“This is one of the reasons why we feel that headwinds may last longer,” Rhee said. “I don’t know what will be the end … I think the lessons we have taken is how much the global financial markets and real economy are well integrated, no one can be free from such shocks.”

“In the end, there will be no winner from the global trade war,” he said in Bali, Indonesia where the IMF and the World Bank are holding their annual meetings.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: yen nee lee, getty images
Keywords: news, cnbc, companies, economic, tensions, growth, war, financial, nearly, rhee, markets, imf, points, investor, impact, imfs, percentage, chinas, pacific, cut, trade


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European stocks close flat after global rout

Global markets had been shaken by two consecutive sessions of losses in the U.S., with Asian equities mixed Friday on the back of a 500-point drop for the Dow Jones Industrial Average at the close of Thursday’s session. Traders have got increasingly nervous about the prospect of rising interest rates and a tightening Federal Reserve, alongside warnings from the International Monetary Fund (IMF) about risks to global economic growth. U.S. bond markets have attracted much attention, with Treasury


Global markets had been shaken by two consecutive sessions of losses in the U.S., with Asian equities mixed Friday on the back of a 500-point drop for the Dow Jones Industrial Average at the close of Thursday’s session. Traders have got increasingly nervous about the prospect of rising interest rates and a tightening Federal Reserve, alongside warnings from the International Monetary Fund (IMF) about risks to global economic growth. U.S. bond markets have attracted much attention, with Treasury
European stocks close flat after global rout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: sam meredith, ryan browne
Keywords: news, cnbc, companies, global, yields, rates, firm, uk, stock, markets, european, close, irish, higher, rout, stocks, flat, reported


European stocks close flat after global rout

Global markets had been shaken by two consecutive sessions of losses in the U.S., with Asian equities mixed Friday on the back of a 500-point drop for the Dow Jones Industrial Average at the close of Thursday’s session. Traders have got increasingly nervous about the prospect of rising interest rates and a tightening Federal Reserve, alongside warnings from the International Monetary Fund (IMF) about risks to global economic growth.

U.S. bond markets have attracted much attention, with Treasury yields hitting multi-year highs this week — higher yields mean higher borrowing costs, seen as negative for corporates and their stock prices.

Meanwhile, President Donald Trump has continually criticized the Fed for raising rates too high too fast, on Thursday claiming the U.S. central bank had directly caused the stock market correction over the past couple of days.

Back in Europe, Italy and the U.K. remain in the spotlight in terms of political news. While excessive spending concerns continue to weigh on Italy’s government, the pressure to strike a European Union withdrawal deal is a big challenge for Britain.

On Thursday, the European Central Bank was reported to be unable to intervene in the event of an Italian crisis situation unless the country first seeks a bailout from the EU. In Brexit affairs, British Prime Minister Theresa May on Thursday said that negotiations between the U.K. and the EU on a so-called Irish backstop — a key alternative to a hard Irish border — were likely to continue through to November.

In corporate news, Anglo-Dutch oil major Royal Dutch Shell is in talks to sell its stake in a Venezuelan joint venture with French firm Maurel & Prom, Reuters reported Thursday, citing three sources. Shares of the firm were slightly lower at the open Friday.

On the data front, German September inflation numbers showed a 2 percent rise for the month, boosted by energy and food prices.


Company: cnbc, Activity: cnbc, Date: 2018-10-12  Authors: sam meredith, ryan browne
Keywords: news, cnbc, companies, global, yields, rates, firm, uk, stock, markets, european, close, irish, higher, rout, stocks, flat, reported


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