Dollar near six-week highs as trade, growth worries ramp up

The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets. “The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.” Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. The strength in the d


The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets. “The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.” Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. The strength in the d
Dollar near six-week highs as trade, growth worries ramp up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: dan kitwood, getty images
Keywords: news, cnbc, companies, trade, highs, sentiment, sixweek, near, global, versus, tensions, chinese, ramp, euro, worries, dollar, growth, yields, week


Dollar near six-week highs as trade, growth worries ramp up

The dollar rose against most other currencies on Monday, holding near a six-week high as fresh worries about U.S.-Sino trade tensions and global growth drove appetite for safe-haven assets.

“U.S.-China talks are the big focus for the week and the dollar strength is indicative of the cautious market sentiment right now owing to its safe-haven status,” said Nick Twidale, chief operating officer at Rakuten Securities.

“The Aussie dollar and the euro are at vulnerable levels right now and further dampening in risk sentiment can lead to further downside in these currencies.”

U.S. negotiators will this week press China on longstanding demands that it reform how it treats U.S. companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.

The dollar gained 0.1 percent versus the yen to 109.82. However, traders expect moves in dollar/yen to be small on Monday as Japanese markets remain shut for a public holiday.

The dollar index, a gauge of its value versus six major peers, was marginally higher at 96.64, on track for its eighth straight day of gains.

Trade tensions between the world’s two largest economies have been a major driver of global investor sentiment over the past year. Market confidence took a hit last week when U.S. President Donald Trump said he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.

Trump has vowed to increase U.S. tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent currently if the two sides cannot reach a deal by March 2.

The euro was marginally lower versus the greenback at $1.1322 in early Asian trade while the Aussie was 0.15 percent higher at $0.7099, after a disastrous week in which it lost 2.2 percent.

The strength in the dollar has come despite the Federal Reserve taking a dovish stance at its last policy meeting in January. For now, investors are piling into the safety of the greenback due to fears of a sharp global economic slowdown.

The euro came under pressure as core European government debt yields touched their lowest in over two years. The single currency has lost 2.5 percent so far this month.

Benchmark German yields were just 10 basis points away from zero percent.

The European Commission sharply cut on Thursday its forecasts for euro zone economic growth for this year and next with the bloc’s largest economies expected to be held back by global trade tensions and domestic challenges.

Last month, the International Monetary Fund also downgraded its forecasts for global growth.

Elsewhere, sterling was down 0.1 percent at $1.2935. Traders expect the pound to remain volatile amid heightened political uncertainty over the Brexit process.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: dan kitwood, getty images
Keywords: news, cnbc, companies, trade, highs, sentiment, sixweek, near, global, versus, tensions, chinese, ramp, euro, worries, dollar, growth, yields, week


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EU cuts Germany’s growth prospects with fears over global trade

Traditionally seen as the powerhouse of Europe, Germany’s economy is starting to cause concern with uncertainties over global trade and the car manufacturing industry. The European Commission, the EU’s executive arm, revised down its growth forecasts for the country on Thursday. It’s now expected to grow by 1.1 percent this year, from a previous forecast of 1.8 percent. The region is now set to grow 1.3 percent this year, from a previous forecast of 1.9 percent. German bond yields dropped to the


Traditionally seen as the powerhouse of Europe, Germany’s economy is starting to cause concern with uncertainties over global trade and the car manufacturing industry. The European Commission, the EU’s executive arm, revised down its growth forecasts for the country on Thursday. It’s now expected to grow by 1.1 percent this year, from a previous forecast of 1.8 percent. The region is now set to grow 1.3 percent this year, from a previous forecast of 1.9 percent. German bond yields dropped to the
EU cuts Germany’s growth prospects with fears over global trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: silvia amaro, michele tantussi, getty images news, getty images
Keywords: news, cnbc, companies, grow, global, fears, previous, cuts, tensions, germanys, trade, growth, going, commission, affect, germany, prospects, eu


EU cuts Germany's growth prospects with fears over global trade

Traditionally seen as the powerhouse of Europe, Germany’s economy is starting to cause concern with uncertainties over global trade and the car manufacturing industry.

The European Commission, the EU’s executive arm, revised down its growth forecasts for the country on Thursday. It’s now expected to grow by 1.1 percent this year, from a previous forecast of 1.8 percent. The Commission also lowered its prospects for the euro area as a whole. The region is now set to grow 1.3 percent this year, from a previous forecast of 1.9 percent.

“In the case of Germany we see that there are certainly some short-term factors in play,” Valdis Dombrovskis, vice president of the Commission, told CNBC’s Willem Marx in Brussels.

“If we discuss global trade tensions, if we discuss the slowdown in emerging economies including China, it’s going to affect the economies of countries which are relying on exports to a large extent, and Germany is by far the EU’s largest exporting economy,” he said.

“So, if there are tensions and uncertainty around trade, of course it’s going to affect the exports and it’s going to affect the economic growth (of Germany), so this is something that we need to watch very closely,” he added.

German bond yields dropped to their lowest level in over two years after the announcement, according to Reuters.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: silvia amaro, michele tantussi, getty images news, getty images
Keywords: news, cnbc, companies, grow, global, fears, previous, cuts, tensions, germanys, trade, growth, going, commission, affect, germany, prospects, eu


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Filing your 1040? These three tax breaks are up in the air

As if tensions weren’t running high enough in Washington, Congress has another battle on its hands: renewing a package of breaks for the 2018 tax year. Say hello to the “tax extenders,” a series of temporary provisions in the code that have expired and must be reauthorized by elected officials retroactively each year in order for taxpayers to use them. These extenders run the gamut: Previously, they have included write-offs on racehorses and motorsports complexes. “At this moment, I would expect


As if tensions weren’t running high enough in Washington, Congress has another battle on its hands: renewing a package of breaks for the 2018 tax year. Say hello to the “tax extenders,” a series of temporary provisions in the code that have expired and must be reauthorized by elected officials retroactively each year in order for taxpayers to use them. These extenders run the gamut: Previously, they have included write-offs on racehorses and motorsports complexes. “At this moment, I would expect
Filing your 1040? These three tax breaks are up in the air Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: darla mercado, adam jeffery, photo, gary burchell via getty images, getty images, image source, john giustina, iconica, -kathy pickering, executive director of the tax institute at h r blo
Keywords: news, cnbc, companies, 1040, werent, timing, extenders, writeoffs, themthese, package, air, tensions, yearsay, filing, breaks, tax, washington


Filing your 1040? These three tax breaks are up in the air

As if tensions weren’t running high enough in Washington, Congress has another battle on its hands: renewing a package of breaks for the 2018 tax year.

Say hello to the “tax extenders,” a series of temporary provisions in the code that have expired and must be reauthorized by elected officials retroactively each year in order for taxpayers to use them.

These extenders run the gamut: Previously, they have included write-offs on racehorses and motorsports complexes.

“At this moment, I would expect that an agreement is reached on the tax extenders package,” said Nicole Kaeding, director of federal projects at the Tax Foundation.

“There seems to be interest in both chambers and relevant committees to get this done, but now the question is one of timing,” she said.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: darla mercado, adam jeffery, photo, gary burchell via getty images, getty images, image source, john giustina, iconica, -kathy pickering, executive director of the tax institute at h r blo
Keywords: news, cnbc, companies, 1040, werent, timing, extenders, writeoffs, themthese, package, air, tensions, yearsay, filing, breaks, tax, washington


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Boeing just hit a record, and one trader sees an even bigger rally despite its surging price

“Any way you slice it here … we do like Boeing,” Susquehanna’s Stacey Gilbert said Tuesday on CNBC’s “Trading Nation.” “This was basically your poster child for the China trade tensions. Whenever there was a negative headline, … Boeing stock always declined. However, given the stock’s record and recent run, he wouldn’t chase it at current levels. Also Tuesday, Bernstein analyst Douglas Harned raised his target on Boeing to $459, a 12 percent upside from current levels.


“Any way you slice it here … we do like Boeing,” Susquehanna’s Stacey Gilbert said Tuesday on CNBC’s “Trading Nation.” “This was basically your poster child for the China trade tensions. Whenever there was a negative headline, … Boeing stock always declined. However, given the stock’s record and recent run, he wouldn’t chase it at current levels. Also Tuesday, Bernstein analyst Douglas Harned raised his target on Boeing to $459, a 12 percent upside from current levels.
Boeing just hit a record, and one trader sees an even bigger rally despite its surging price Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: pippa stevens
Keywords: news, cnbc, companies, trade, trader, boeing, pattern, stock, despite, price, surging, hit, gilbert, stocks, analyst, wouldnt, record, sees, rally, bigger, tensions


Boeing just hit a record, and one trader sees an even bigger rally despite its surging price

Boeing takes off from December lows to soar to new record 4 Hours Ago | 04:14

There are stocks that have bounced back from their day-after Christmas lows, and then there’s Boeing.

Shares of the aviation giant have soared 40 percent since its Dec. 26 low and 27 percent this year as of Tuesday’s close, when the stock broke above $400 for the first time ever to a record high. It was up nearly 1 percent in Wednesday’s premarket, at $413.66.

The surge may have some investors fearing they missed out on the rally. But one trader says there’s still plenty of runway ahead.

“Any way you slice it here … we do like Boeing,” Susquehanna’s Stacey Gilbert said Tuesday on CNBC’s “Trading Nation.”

She cites three key reasons for why she’s bullish on the stock: momentum and demand for the 737 aircraft, strength in the services sector, and a diversification in the business model thanks to a push into the defense sector.

Boeing slid more than 13 percent in the last quarter amid fears over a trade war. But Gilbert says she likes the stock despite the uncertainty over when, or even if, a trade truce with China will take place.

“This was basically your poster child for the China trade tensions. Whenever there was a negative headline, … Boeing stock always declined. This is a name that we do like even with those tensions. If tensions cause a pullback we would certainly look to add to positions here,” she said. She also noted that based on the bets options traders are making, the overall market sentiment “continues to be bullish.”

Susquehanna analyst Charles Minervino initiated coverage on Boeing with a positive rating last month. His $453 price target implies a 10 percent jump from Tuesday’s close.

Boeing has surged more than 12 percent over the last week following a blowout fourth-quarter earnings report.

The company reported results that handily topped analyst expectations, helped by a record 806 aircraft delivered. It also posted a record $101 billion in annual revenue, breaking the $100 billion mark for the first time.

Like Gilbert, Miller Tabak’s Matt Maley believes the company’s fundamentals remain strong. However, given the stock’s record and recent run, he wouldn’t chase it at current levels.

“Great move, all-time high. That’s the kind of breakout you want to see. But on a very short-term basis nothing moves in a straight line. We would like to see, it would actually be healthy, if the stock [were] to pull back here and then take another shot at trying to break out of the top end of that pattern,” he said.

He’s referring to a “megaphone pattern,” formed when a stock swings in both directions and when each swing is larger than the last. It can portend a period of increased volatility for a stock. In addition to Boeing testing the high-end of its megaphone pattern, Maley also said the stock looks overbought on a relative strength basis.

But in the longer view, he notes that the stock’s recovery has outpaced the broader market’s recovery, suggesting positive momentum from a technical standpoint.

“I wouldn’t necessarily chase up here over the near term. It’s one that should be bought on weakness. But on a long-term basis the stock looks great on the charts.”

Also Tuesday, Bernstein analyst Douglas Harned raised his target on Boeing to $459, a 12 percent upside from current levels.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: pippa stevens
Keywords: news, cnbc, companies, trade, trader, boeing, pattern, stock, despite, price, surging, hit, gilbert, stocks, analyst, wouldnt, record, sees, rally, bigger, tensions


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Forget oil: Here’s why gold is key to Venezuela’s crisis-stricken government

Gold is fast becoming indispensable to those clinging onto power in crisis-stricken Venezuela. Political tensions in the South American country are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory. Thousands of anti-government protesters took to the streets of the capital city over the weekend to demonstrate against President Nicolas Maduro.


Gold is fast becoming indispensable to those clinging onto power in crisis-stricken Venezuela. Political tensions in the South American country are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory. Thousands of anti-government protesters took to the streets of the capital city over the weekend to demonstrate against President Nicolas Maduro.
Forget oil: Here’s why gold is key to Venezuela’s crisis-stricken government Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: sam meredith, carlos becerra, bloomberg via getty images, carlos garcia rawlins, chris ratcliffe, bloomberg, getty images
Keywords: news, cnbc, companies, heres, venezuelas, crisisstricken, venezuelapolitical, gold, tensions, key, country, south, forget, streets, worst, western, took, recent, oil, weekend


Forget oil: Here's why gold is key to Venezuela's crisis-stricken government

Gold is fast becoming indispensable to those clinging onto power in crisis-stricken Venezuela.

Political tensions in the South American country are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory.

Thousands of anti-government protesters took to the streets of the capital city over the weekend to demonstrate against President Nicolas Maduro.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: sam meredith, carlos becerra, bloomberg via getty images, carlos garcia rawlins, chris ratcliffe, bloomberg, getty images
Keywords: news, cnbc, companies, heres, venezuelas, crisisstricken, venezuelapolitical, gold, tensions, key, country, south, forget, streets, worst, western, took, recent, oil, weekend


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Asia markets mostly decline amid renewed US-China tensions

The U.S. Department of Justice filed filed criminal charges on Monday to officially request the extradition of Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei. The Justice Department also announced charges Monday against Huawei for allegedly stealing trade secrets from T-Mobile. The latest development came ahead of a new round of high level trade negotiations between the two economic powerhouses locked in an ongoing trade war. That’s just not the way the U.S.


The U.S. Department of Justice filed filed criminal charges on Monday to officially request the extradition of Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei. The Justice Department also announced charges Monday against Huawei for allegedly stealing trade secrets from T-Mobile. The latest development came ahead of a new round of high level trade negotiations between the two economic powerhouses locked in an ongoing trade war. That’s just not the way the U.S.
Asia markets mostly decline amid renewed US-China tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: eustance huang
Keywords: news, cnbc, companies, asia, chinese, trade, renewed, negotiations, amid, tensions, markets, uschina, department, think, law, decline, huawei, way, justice, filed


Asia markets mostly decline amid renewed US-China tensions

The U.S. Department of Justice filed filed criminal charges on Monday to officially request the extradition of Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei.

The Justice Department also announced charges Monday against Huawei for allegedly stealing trade secrets from T-Mobile. The charges stem from a civil trade secrets lawsuit filed by T-Mobile in 2014 over a robot called “Tappy,” which was used in testing smartphones.

“Huawei and its senior executives repeatedly refused to respect U.S. law,” said FBI Director Christopher Wray. “Huawei … systematically sought to steal valuable trade secrets.”

Meng, who is also the daughter of Huawei’s founder and president Ren Zhengfei, was arrested on Dec. 1 in Vancouver. Her arrest sparked a series of tense exchanges between China and Canada over the possibility that she could be transferred to the U.S.

“The timing is certainly interesting given the upcoming discussions this week in D.C., but I think we have to take a step back and view this as part of a larger effort within the Justice Department, in particular, to focus on what it sees as misbehavior on the part of Chinese firms and individuals in the United States for a variety of reasons,” Robert Williams, executive director at the Paul Tsai China Center in Yale Law School, told CNBC’s “Squawk Box” on Tuesday.

A spokesperson at China’s industry and information technology ministry said Tuesday that the U.S. government indictment against Huawei was “unfair” and “immoral,” Reuters reported. The foreign ministry of China also appealed to the U.S. to stop “unreasonable suppression” of Chinese companies, according to Reuters.

The latest development came ahead of a new round of high level trade negotiations between the two economic powerhouses locked in an ongoing trade war.

Chinese state-run Xinhua News Agency reported that Chinese Vice Premier Liu He arrived in Washington D.C. on Monday for economic and trade talks. Chinese central bank governor Yi Gang is also part of Liu’s delegation to the U.S., according to the report.

The Chinese delegation will be accompanied by a team from Washington led by U.S. Trade Representative Robert Lighthizer, with negotiations set to take place on Wednesday and Thursday.

“I don’t think we can say that this is directly tied to the trade negotiations in that kind of transactional way. That’s just not the way the U.S. law enforcement system works, it’s not the way the Justice department works. These criminal investigations began long before the current trade negotiations. So I think we have to view it in that context,” Williams said.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: eustance huang
Keywords: news, cnbc, companies, asia, chinese, trade, renewed, negotiations, amid, tensions, markets, uschina, department, think, law, decline, huawei, way, justice, filed


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US stocks set to open lower amid renewed US-China tensions; Apple to report earnings

U.S. stock index futures pointed to a lower open on Tuesday morning as investors monitored global trade developments and looked ahead to earnings releases from companies like Apple. ET, Dow Jones Industrial Average futures traded 31 points lower, indicating a decline of 50.22 points at the open. Market focus is largely attuned to global trade developments, after prospects for a long-awaited U.S.-China trade deal were dealt another setback. Pfizer shares fell 1.8 percent in the premarket while 3M


U.S. stock index futures pointed to a lower open on Tuesday morning as investors monitored global trade developments and looked ahead to earnings releases from companies like Apple. ET, Dow Jones Industrial Average futures traded 31 points lower, indicating a decline of 50.22 points at the open. Market focus is largely attuned to global trade developments, after prospects for a long-awaited U.S.-China trade deal were dealt another setback. Pfizer shares fell 1.8 percent in the premarket while 3M
US stocks set to open lower amid renewed US-China tensions; Apple to report earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: silvia amaro
Keywords: news, cnbc, companies, shares, apple, trade, weakerthanexpected, renewed, points, pfizer, lower, tensions, uschina, open, earnings, futures, 3m, set, giant, stocks, report


US stocks set to open lower amid renewed US-China tensions; Apple to report earnings

U.S. stock index futures pointed to a lower open on Tuesday morning as investors monitored global trade developments and looked ahead to earnings releases from companies like Apple.

As of 6:53 a.m. ET, Dow Jones Industrial Average futures traded 31 points lower, indicating a decline of 50.22 points at the open. S&P 500 and Nasdaq 100 futures also pointed to slight declines.

Market focus is largely attuned to global trade developments, after prospects for a long-awaited U.S.-China trade deal were dealt another setback. It comes after Washington leveled sweeping charges against Beijing’s telecom giant Huawei.

The U.S. Department of Justice filed criminal charges Monday against Meng Wanzhou, the chief financial officer of China tech giant Huawei and the daughter of its founder and president Ren Zhengfei.

The news comes shortly before Chinese Vice Premier Liu He is set to meet U.S. officials on Wednesday and Thursday. Market participants fear the jolt to Huawei could undermine the chances of the world’s two largest economies reaching a comprehensive trade deal.

Investors will be waiting for earnings reports on Tuesday from companies like Apple, Amgen and eBay. Dow components Pfizer and 3M both reported better-than-expected earnings and revenue. However, Pfizer issued weaker-than-expected guidance for 2019 and 3M lowered its 2019 earnings guidance. Pfizer shares fell 1.8 percent in the premarket while 3M declined 0.6 percent.

On Monday, Caterpillar stoked fears over Chinese growth with its shares falling 9.1 percent. The industrial giant posted weaker-than-expected earnings for the fourth quarter and said its sales in the Asia/Pacific region declined because of lower demand in China.

In terms of economic data, there will be consumer confidence numbers out at 10 a.m. ET as well as fourth-quarter housing vacancies. The Dallas Fed services numbers will be out at 10.30 a.m. ET.

The Federal Reserve is due to start its two-day meeting Tuesday with a decision on interest rates due Wednesday.

—CNBC’s Sam Meredith contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: silvia amaro
Keywords: news, cnbc, companies, shares, apple, trade, weakerthanexpected, renewed, points, pfizer, lower, tensions, uschina, open, earnings, futures, 3m, set, giant, stocks, report


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Gold hits over 7-month peak as Huawei case sparks risk-off sentiment

Spot gold rose to its highest since June 14, 2018 at $1,306.43 and was up 0.2 percent at $1,306.11 per ounce by 0715 GMT. “Investors are very cautious with many uncertainties on U.S.-China trade talks and Brexit. Huawei is at the centre of dispute, creating very noisy background for the trade talks,” said Margaret Yang, a market analyst at CMC Markets. Meanwhile, the U.S. Federal Reserve’s two-day policy meeting begins later in the day, where the central bank is expected to leave interest rates


Spot gold rose to its highest since June 14, 2018 at $1,306.43 and was up 0.2 percent at $1,306.11 per ounce by 0715 GMT. “Investors are very cautious with many uncertainties on U.S.-China trade talks and Brexit. Huawei is at the centre of dispute, creating very noisy background for the trade talks,” said Margaret Yang, a market analyst at CMC Markets. Meanwhile, the U.S. Federal Reserve’s two-day policy meeting begins later in the day, where the central bank is expected to leave interest rates
Gold hits over 7-month peak as Huawei case sparks risk-off sentiment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: getty images
Keywords: news, cnbc, companies, interest, riskoff, sparks, sentiment, trade, yellow, rates, ounce, rose, tensions, peak, case, talks, huawei, gold, hits, 7month


Gold hits over 7-month peak as Huawei case sparks risk-off sentiment

Gold prices hit a more than seven-month high on Tuesday as investors shun riskier assets on worries over escalation in Sino-U.S. trade tensions after the U.S. Justice Department charged China’s Huawei Technologies Co Ltd with fraud.

Spot gold rose to its highest since June 14, 2018 at $1,306.43 and was up 0.2 percent at $1,306.11 per ounce by 0715 GMT. U.S. gold futures were up 0.1 percent at $1,304.70 per ounce.

“Investors are very cautious with many uncertainties on U.S.-China trade talks and Brexit. Huawei is at the centre of dispute, creating very noisy background for the trade talks,” said Margaret Yang, a market analyst at CMC Markets.

“All these are making it more difficult for investors to judge the market’s direction. Money is fleeing into assets such as gold, seeking safety.”

The United States on Monday charged Huawei, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has escalated tensions with Beijing.

Investors fear the charges could complicate high-level trade talks set to begin on Wednesday where Chinese Vice Premier Liu He will meet with U.S. Trade Representative Robert Lighthizer and others.

The dollar index, a gauge of its value versus six major peers, held close to a two-week low, while Asian shares fell.

Meanwhile, the U.S. Federal Reserve’s two-day policy meeting begins later in the day, where the central bank is expected to leave interest rates unchanged.

The Fed raised interest rates four times last year, but some officials have said they will be patient in raising rates given the stalemate over global trade, the U.S. federal government shutdown, and waning business and consumer confidence.

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

The yellow metal has risen over 12 percent since touching a more than 1-1/2-year-low in August mostly due to volatile stock markets and a softer dollar on the back of expectations that the Fed will pause its multi-year rate-hike cycle.

Reflecting investor sentiment in bullion, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund (ETF), rose 0.73 percent to 815.64 tonnes on Monday, their highest since June 2018.

“ETF interest remains supportive to the yellow metal, while a number of ongoing geopolitical concerns continue to facilitate top-side momentum,” MKS PAMP Group said in a note.

In other metals, palladium was steady at $1,331 per ounce. Prices hit a record high of $1,434.50 on Jan. 17.

Silver rose 0.2 percent to $15.77 per ounce while platinum was up 0.4 percent to $812.51.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: getty images
Keywords: news, cnbc, companies, interest, riskoff, sparks, sentiment, trade, yellow, rates, ounce, rose, tensions, peak, case, talks, huawei, gold, hits, 7month


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Apple’s CEO sees optimism as trade tension between US and China lessens

Apple beats on earnings—here’s what three experts are saying about the stock now 9 Hours Ago | 03:03Apple CEO Tim Cook said trade tensions between the U.S. and China have improved since late December, giving the tech giant “some optimism.” “Of course you don’t know what will continue, but I would also point out that seems to map to trade tension as well, that there is a bit more optimism in the air in January, or certainly I feel that anyways,” he told CNBC on Tuesday. Apple reported profits of


Apple beats on earnings—here’s what three experts are saying about the stock now 9 Hours Ago | 03:03Apple CEO Tim Cook said trade tensions between the U.S. and China have improved since late December, giving the tech giant “some optimism.” “Of course you don’t know what will continue, but I would also point out that seems to map to trade tension as well, that there is a bit more optimism in the air in January, or certainly I feel that anyways,” he told CNBC on Tuesday. Apple reported profits of
Apple’s CEO sees optimism as trade tension between US and China lessens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: liz moyer
Keywords: news, cnbc, companies, tracked, tension, lessens, ceo, tech, trade, optimism, stock, sees, apples, tim, told, quarter, slightly, tensions, china


Apple's CEO sees optimism as trade tension between US and China lessens

Apple beats on earnings—here’s what three experts are saying about the stock now 9 Hours Ago | 03:03

Apple CEO Tim Cook said trade tensions between the U.S. and China have improved since late December, giving the tech giant “some optimism.”

“Of course you don’t know what will continue, but I would also point out that seems to map to trade tension as well, that there is a bit more optimism in the air in January, or certainly I feel that anyways,” he told CNBC on Tuesday. “I’m encouraged by the comments coming out of both countries.”

Apple reported profits of $4.18 a share for its December quarter, a penny above the average analyst forecast as tracked by Refinitiv. Revenue of $84.3 billion also slightly beat expectations. But projections for the second quarter are lower than anticipated, particularly in sales of iPhones.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: liz moyer
Keywords: news, cnbc, companies, tracked, tension, lessens, ceo, tech, trade, optimism, stock, sees, apples, tim, told, quarter, slightly, tensions, china


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US warships pass through Taiwan Strait amid China tensions

The United States sent two warships through the Taiwan Strait on Thursday in the first such operation this year, the Taiwanese government said, as it increases the frequency of transits through the strategic waterway amid tensions with China. The voyage risks further heightening tensions with China, which considers Taiwan its own and has not ruled out the use of force to bring the self-ruled island under its control. The move will likely be viewed in Taiwan as a sign of support from U.S. Preside


The United States sent two warships through the Taiwan Strait on Thursday in the first such operation this year, the Taiwanese government said, as it increases the frequency of transits through the strategic waterway amid tensions with China. The voyage risks further heightening tensions with China, which considers Taiwan its own and has not ruled out the use of force to bring the self-ruled island under its control. The move will likely be viewed in Taiwan as a sign of support from U.S. Preside
US warships pass through Taiwan Strait amid China tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: smith collection, gado, getty images
Keywords: news, cnbc, companies, president, operation, pass, tsai, strait, voyage, china, ministry, warships, amid, taiwans, taiwan, sent, support, tensions


US warships pass through Taiwan Strait amid China tensions

The United States sent two warships through the Taiwan Strait on Thursday in the first such operation this year, the Taiwanese government said, as it increases the frequency of transits through the strategic waterway amid tensions with China.

The voyage risks further heightening tensions with China, which considers Taiwan its own and has not ruled out the use of force to bring the self-ruled island under its control.

Taiwan’s defense ministry said in a statement late on Thursday the ships were moving in a northerly direction and that their voyage was in accordance with regulations.

It said Taiwan closely monitored the operation to “ensure the security of the seas and regional stability”.

The move will likely be viewed in Taiwan as a sign of support from U.S. President Donald Trump’s government amid growing friction between Taipei and Beijing.

China has stepped up pressure on Taiwan since President Tsai Ing-wen, from the pro-independence ruling party, took office in 2016. It has regularly sent military aircraft and ships to circle the island on drills in the past few years.

Beijing sent several bombers and aircraft through the Bashi Channel, which separates Taiwan from the Philippines, earlier on Thursday, Taiwan’s defense ministry said in a separate statement.

A similar Chinese operation was conducted on Tuesday, the ministry said, and both were monitored closely.

Chinese President Xi Jinping said in early January China reserves the right to use force to bring Taiwan under its control. In response, Tsai vowed to defend the island’s democracy and called for international support to protect Taiwan’s way of life.

Trump recently signed into law the Asia Reassurance Initiative Act reaffirming the U.S. commitment to Taiwan, including arms sales.

Washington has no formal ties with Taiwan but is bound by law to help it defend itself and is its main source of arms.


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: smith collection, gado, getty images
Keywords: news, cnbc, companies, president, operation, pass, tsai, strait, voyage, china, ministry, warships, amid, taiwans, taiwan, sent, support, tensions


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