US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more


Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more
US Treasury yields tick higher amid ongoing trade war worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…

Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it…

Politics

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Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


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China’s ‘nuclear option’ in Trump’s trade war, explained

What to watch in the market in the week aheadTrade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about…Market Insiderread more


What to watch in the market in the week aheadTrade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about…Market Insiderread more
China’s ‘nuclear option’ in Trump’s trade war, explained Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: jeff morganteen
Keywords: news, cnbc, companies, nuclear, explained, worries, inflation, fresh, option, week, watch, insiderread, war, flashing, investors, market, trade, trumps, chinas, markets


China's 'nuclear option' in Trump's trade war, explained

What to watch in the market in the week ahead

Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about…

Market Insider

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Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: jeff morganteen
Keywords: news, cnbc, companies, nuclear, explained, worries, inflation, fresh, option, week, watch, insiderread, war, flashing, investors, market, trade, trumps, chinas, markets


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US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more


Robert Mueller wants to testify in private before Congress,…Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it… Politicsread more
US Treasury yields tick higher amid ongoing trade war worries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


US Treasury yields tick higher amid ongoing trade war worries

Robert Mueller wants to testify in private before Congress,…

Special counsel Robert Mueller wants to talk to Congress about his investigation into the Trump campaign and Russian interference in the 2016 election, but he wants to do it…

Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: sam meredith
Keywords: news, cnbc, companies, ongoing, higher, itpoliticsread, trump, war, worries, trade, amid, testify, treasury, tick, mueller, private, investigation, robert, wants, yields, talk, russian


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Dow set to rebound more than 100 points after Trump predicts a quick resolution to trade war

U.S. stock index futures rose on Friday after President Donald Trump said the ongoing trade war could be over quickly, but equities were still on pace to close lower for the week. Dow Jones Industrial Average futures rose 168 points, indicating a gain of 145 points at the open. Trump told reporters on Thursday afternoon he expected the U.S.-China trade war to end swiftly. He also noted a trade deal with China could lift tough restrictions on the Chinese telecom giant Huawei. The president’s comm


U.S. stock index futures rose on Friday after President Donald Trump said the ongoing trade war could be over quickly, but equities were still on pace to close lower for the week. Dow Jones Industrial Average futures rose 168 points, indicating a gain of 145 points at the open. Trump told reporters on Thursday afternoon he expected the U.S.-China trade war to end swiftly. He also noted a trade deal with China could lift tough restrictions on the Chinese telecom giant Huawei. The president’s comm
Dow set to rebound more than 100 points after Trump predicts a quick resolution to trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: fred imbert silvia amaro, fred imbert, silvia amaro
Keywords: news, cnbc, companies, quick, dow, futures, trump, war, rebound, tech, investors, trade, sp, set, stock, china, week, uschina, predicts, points, resolution


Dow set to rebound more than 100 points after Trump predicts a quick resolution to trade war

U.S. stock index futures rose on Friday after President Donald Trump said the ongoing trade war could be over quickly, but equities were still on pace to close lower for the week.

Dow Jones Industrial Average futures rose 168 points, indicating a gain of 145 points at the open. S&P 500 and Nasdaq 100 futures also pointed to solid gains at the open.

Trump told reporters on Thursday afternoon he expected the U.S.-China trade war to end swiftly. He also noted a trade deal with China could lift tough restrictions on the Chinese telecom giant Huawei.

The president’s comments lifted market sentiment at a time when investors are growing more convinced that the trade war will take longer than expected to conclude. The Dow and S&P 500 came into Friday’s session down more than 1% each for the week while the Nasdaq had lost 2.4%.

Crude prices are down more than 6% this week as trade worries spilled over to other markets. Investors also loaded up on Treasurys this week. On Thursday, the 10-year Treasury note yield fell to its lowest level since October 2017.

Energy and tech were the worst-performing sectors for the week coming into Friday. The energy sector is down 3.6% through Thursday’s close while tech — the largest S&P 500 sector by market weight — had lost 2.8%.

Chipmakers led tech down this week as the VanEck Vectors Semiconductor ETF (SMH) dropped 5.1%. Qualcomm and Broadcom are the worst-performers in the ETF this week, dropping 16.3% and 10.3%, respectively.

Apple shares also contributed to the tech losses as several analysts raised concern over the company’s exposure to China. The stock is down nearly 5% this week.

“The growing worries around a US/China elongated trade battle and its implications on the tech space are heavily weighing on the minds of both investors and the companies themselves caught in the cross hairs,” Dan Ives, analyst at Wedbush Securities, wrote in a note to clients. “The ‘poster child’ for the US/China trade wars continue to be Apple with the stock under heavy pressure as many competitors are yelling fire in a crowded theater around the potential China impact to Cupertino if this situation worsens.

In terms of data, the calendar is thin with only durable goods numbers out at 8:30 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: fred imbert silvia amaro, fred imbert, silvia amaro
Keywords: news, cnbc, companies, quick, dow, futures, trump, war, rebound, tech, investors, trade, sp, set, stock, china, week, uschina, predicts, points, resolution


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European markets higher as UK leader resigns; Casino shares up 15%

The pan-European Euro Stoxx 600 index was nearly 0.7% higher with all major bourses and most sectors in positive territory. Stocks sensitive to trade wars, such as autos and miners, were the biggest gainers, both jumping by around 1%. On Thursday afternoon, President Donald Trump signaled that a trade deal with China could lift tough restrictions on the Chinese telecom giant Huawei. “If we made a deal, I can imagine Huawei being included in some form or some part of a trade deal,” Trump said to


The pan-European Euro Stoxx 600 index was nearly 0.7% higher with all major bourses and most sectors in positive territory. Stocks sensitive to trade wars, such as autos and miners, were the biggest gainers, both jumping by around 1%. On Thursday afternoon, President Donald Trump signaled that a trade deal with China could lift tough restrictions on the Chinese telecom giant Huawei. “If we made a deal, I can imagine Huawei being included in some form or some part of a trade deal,” Trump said to
European markets higher as UK leader resigns; Casino shares up 15% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: chloe taylor
Keywords: news, cnbc, companies, casino, leader, higher, european, trump, white, deal, trade, huawei, telecom, tough, markets, shares, territory, 15, tensions, resigns, wars, uk


European markets higher as UK leader resigns; Casino shares up 15%

The pan-European Euro Stoxx 600 index was nearly 0.7% higher with all major bourses and most sectors in positive territory. Stocks sensitive to trade wars, such as autos and miners, were the biggest gainers, both jumping by around 1%.

On Thursday afternoon, President Donald Trump signaled that a trade deal with China could lift tough restrictions on the Chinese telecom giant Huawei. “If we made a deal, I can imagine Huawei being included in some form or some part of a trade deal,” Trump said to White House reporters. He also predicted a swift end to the ongoing trade tensions.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: chloe taylor
Keywords: news, cnbc, companies, casino, leader, higher, european, trump, white, deal, trade, huawei, telecom, tough, markets, shares, territory, 15, tensions, resigns, wars, uk


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Asia markets mixed as investors worry over US-China trade tensions

Asia Pacific markets traded mixed Friday, as worries over trade tensions between the United States and China weighed on investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.67% in the afternoon. Mainland Chinese markets were mixed: The Shanghai composite closed flat while the Shenzhen composite fell 0.48%. Hong Kong’s Hang Seng index added about 0.4% in late afternoon trade. In Japan, the benchmark Nikkei 225 fell 0.16% to 21,117.22 while the Topix index was


Asia Pacific markets traded mixed Friday, as worries over trade tensions between the United States and China weighed on investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.67% in the afternoon. Mainland Chinese markets were mixed: The Shanghai composite closed flat while the Shenzhen composite fell 0.48%. Hong Kong’s Hang Seng index added about 0.4% in late afternoon trade. In Japan, the benchmark Nikkei 225 fell 0.16% to 21,117.22 while the Topix index was
Asia markets mixed as investors worry over US-China trade tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, tradein, index, weighed, fell, composite, worry, investors, trade, worries, mixed, markets, uschina, united, asia, japan, tensions


Asia markets mixed as investors worry over US-China trade tensions

Asia Pacific markets traded mixed Friday, as worries over trade tensions between the United States and China weighed on investor sentiment.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.67% in the afternoon.

Mainland Chinese markets were mixed: The Shanghai composite closed flat while the Shenzhen composite fell 0.48%.

Hong Kong’s Hang Seng index added about 0.4% in late afternoon trade.

In Japan, the benchmark Nikkei 225 fell 0.16% to 21,117.22 while the Topix index was fractionally higher at 1,541.21. South Korea’s Kospi fell 0.69% to 2,045.31.

Australia’s ASX 200 declined 0.55% to 6,456, with the financial subindex down 0.45%.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: weizhen tan saheli roy choudhury, weizhen tan, saheli roy choudhury
Keywords: news, cnbc, companies, tradein, index, weighed, fell, composite, worry, investors, trade, worries, mixed, markets, uschina, united, asia, japan, tensions


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Dollar slips as weak data boosts US rate cut bets

The dollar edged away from two-year highs on Friday after weak U.S. manufacturing activity data sparked worries that the trade conflict with China may hurt the world’s largest economy and affect the currency’s safe-haven status. The fall followed overnight data showing manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in U.S. economic growth was under way. Escalating trade tensions and weak data have fuelled rate cut expectations from the Fed. Mon


The dollar edged away from two-year highs on Friday after weak U.S. manufacturing activity data sparked worries that the trade conflict with China may hurt the world’s largest economy and affect the currency’s safe-haven status. The fall followed overnight data showing manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in U.S. economic growth was under way. Escalating trade tensions and weak data have fuelled rate cut expectations from the Fed. Mon
Dollar slips as weak data boosts US rate cut bets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, slips, rate, twoyear, overnight, cut, yen, trade, dollar, hit, weak, data, boosts, bets, euro


Dollar slips as weak data boosts US rate cut bets

The dollar edged away from two-year highs on Friday after weak U.S. manufacturing activity data sparked worries that the trade conflict with China may hurt the world’s largest economy and affect the currency’s safe-haven status.

Against a basket of six major currencies, the dollar was down 0.2% at 97.686 in early European trade and 0.7% off a two-year high of 98.371 hit the previous session.

The fall followed overnight data showing manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in U.S. economic growth was under way.

Up to now, the bulk of the pain from the trade war has been felt in Asia, with economies from Singapore to Thailand all posting poor numbers.

“Lot of people for good reasons thought trade wars may be U.S. dollar-positive and other countries cannot retaliate,” said Commerzbank FX strategist Ulrich Leuchtmann.

“But in reality, it’s more difficult. This very disappointing PMI data and other factors like the Huawei story are all creating stress for the U.S. economy and derailing sentiment.”

President Donald Trump said on Thursday that U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant “very dangerous”.

Escalating trade tensions and weak data have fuelled rate cut expectations from the Fed. Money markets broadly expect one rate cut by October followed by another by January 2020.

The dollar weakness helped sterling recover slightly from a 4-1/2 month low while the euro briefly inched above $1.12 to hit a one-week high.

Against the yen, the dollar edged down to 109.50 yen, extending losses overnight, when it gave up two-thirds of a percent, its steepest drop in a single session in two months.

The euro might have also been helped by the Dutch part of the EU parliamentary elections, in which an exit poll showed the Labour party of European Commissioner Frans Timmermans won a surprise victory over a Eurosceptic challenger who had been topping opinion surveys.

The euro has been pinned lower in recent weeks by the prospect of Eurosceptic parties across the continent performing well in the elections.


Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, slips, rate, twoyear, overnight, cut, yen, trade, dollar, hit, weak, data, boosts, bets, euro


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Trump predicts ‘fast’ trade deal with China but provides no evidence

U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries since the last round of negotiations ended in Washington two weeks ago. Trump also said he will meet with China’s President Xi Jinping when they attend the G-20 meeting next month in Japan. After Trump imposed tariffs on Chinese goods last year, China curbed purchases of U.S. soy, leaving farmers sitting on a stockpile of th


U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries since the last round of negotiations ended in Washington two weeks ago. Trump also said he will meet with China’s President Xi Jinping when they attend the G-20 meeting next month in Japan. After Trump imposed tariffs on Chinese goods last year, China curbed purchases of U.S. soy, leaving farmers sitting on a stockpile of th
Trump predicts ‘fast’ trade deal with China but provides no evidence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, predicts, evidence, trump, deal, china, war, talks, remarks, tariffs, president, trade, fast, provides, washington, white


Trump predicts 'fast' trade deal with China but provides no evidence

President Donald Trump speaks about the investigations by Special Counsel Robert Mueller and the U.S. Congress into himself and his administration in the Rose Garden at the White House in Washington, U.S., May 22, 2019.

U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries since the last round of negotiations ended in Washington two weeks ago.

“It’s happening, it’s happening fast and I think things probably are going to happen with China fast because I cannot imagine that they can be thrilled with thousands of companies leaving their shores for other places,” Trump said during remarks at the White House, providing no evidence of such an exodus.

Trump also said he will meet with China’s President Xi Jinping when they attend the G-20 meeting next month in Japan.

Both countries have blamed each other for the breakdown in talks, which were intended to end trade tensions between the world’s two largest economies marked by tit-for-tat tariffs.

Trump made the remarks during a free-wheeling news conference after touting a plan rolled out by his administration to provide the country’s farmers with an aid package to combat the effects of the trade war, which have hit them particularly hard.

After Trump imposed tariffs on Chinese goods last year, China curbed purchases of U.S. soy, leaving farmers sitting on a stockpile of the commodity. China has also retaliated with tariffs on U.S. corn, pork and other products.

“The $16 billion in funds will help keep our cherished farms thriving and make clear that no country has veto on America’s economic and national security,” Trump said.


Company: cnbc, Activity: cnbc, Date: 2019-05-24
Keywords: news, cnbc, companies, predicts, evidence, trump, deal, china, war, talks, remarks, tariffs, president, trade, fast, provides, washington, white


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The world’s largest shipping firm warns of ‘considerable uncertainties’ as trade tensions rise

Moller-Maersk is the largest container shipping company in the world. Danish shipping firm Moller-Maersk posted first-quarter profit close to expectations on Friday, warning that trade tensions and slowing economic growth constitute “considerable uncertainties.” Maersk, the world’s largest container shipping company, said it still expects 2019 EBITDA of about $5 billion. “We are still facing considerable uncertainties,” CEO Søren Skou said in a press release, mentioning “the risk from trade tens


Moller-Maersk is the largest container shipping company in the world. Danish shipping firm Moller-Maersk posted first-quarter profit close to expectations on Friday, warning that trade tensions and slowing economic growth constitute “considerable uncertainties.” Maersk, the world’s largest container shipping company, said it still expects 2019 EBITDA of about $5 billion. “We are still facing considerable uncertainties,” CEO Søren Skou said in a press release, mentioning “the risk from trade tens
The world’s largest shipping firm warns of ‘considerable uncertainties’ as trade tensions rise Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: matt clinch
Keywords: news, cnbc, companies, volumes, largest, shipping, trump, firm, considerable, skou, uncertainties, container, worlds, worth, warns, tensions, rise, trade, billion, tariffs


The world's largest shipping firm warns of 'considerable uncertainties' as trade tensions rise

A.P. Moller-Maersk is the largest container shipping company in the world.

Danish shipping firm Moller-Maersk posted first-quarter profit close to expectations on Friday, warning that trade tensions and slowing economic growth constitute “considerable uncertainties.”

Earnings before interest, tax, depreciation and amortization (EBITDA) totaled $1.24 billion for the quarter, compared with $1.25 billion forecast by analysts in a Reuters poll.

Maersk, the world’s largest container shipping company, said it still expects 2019 EBITDA of about $5 billion.

“We are still facing considerable uncertainties,” CEO Søren Skou said in a press release, mentioning “the risk from trade tensions.”

In the first quarter, “volumes on trans-Pacific trade between Asia and North America have shown signs of decline and new tariffs can potentially reduce expected growth in global container volumes by up to 1 percentage point.” he added.

President Donald Trump unexpectedly accused China of reneging on a deal earlier this month and announced that tariffs on $200 billion worth of Chinese goods would increase to 25% from 10% on May 10.

Beijing retaliated, raising levies on $60 billion worth of U.S. products. In the last two weeks, the Trump administration also put Chinese telecom giant Huawei on a blacklist that prevents it from buying from American companies without U.S. government permission.

Speaking to CNBC Friday, Skou highlighted that the U.S. also has an outstanding discussion with the European Union.

“If the Chinese-U.S. conflict is resolved then our expectations would be that it would immediately lead to a discussion between the EU and the U.S. So I don’t believe that we will be done with tensions anytime soon, ” he told CNBC’s “Street Signs” Friday.

—Reuters and CNBC’s Evelyn Cheng contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: matt clinch
Keywords: news, cnbc, companies, volumes, largest, shipping, trump, firm, considerable, skou, uncertainties, container, worlds, worth, warns, tensions, rise, trade, billion, tariffs


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China is driving growth in Asia’s real estate market despite trade war headwinds, report finds

Real estate markets in Asia-Pacific grew at a record-breaking pace in the first quarter of this year — thanks in part to China and despite a global decline, according to real estate consultancy JLL. The region recorded a new first-quarter high of $45 billion in real estate transaction volumes, according the company’s Global Capital Flows report for the first quarter of 2019. The “domestic consumption story is so strong” in China, JLL’s head of Asia Pacific capital markets Stuart Crow told CNBC’s


Real estate markets in Asia-Pacific grew at a record-breaking pace in the first quarter of this year — thanks in part to China and despite a global decline, according to real estate consultancy JLL. The region recorded a new first-quarter high of $45 billion in real estate transaction volumes, according the company’s Global Capital Flows report for the first quarter of 2019. The “domestic consumption story is so strong” in China, JLL’s head of Asia Pacific capital markets Stuart Crow told CNBC’s
China is driving growth in Asia’s real estate market despite trade war headwinds, report finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: shirley tay
Keywords: news, cnbc, companies, war, market, china, growth, capital, markets, investment, transaction, estate, report, real, driving, headwinds, finds, logistics, trade, quarter


China is driving growth in Asia's real estate market despite trade war headwinds, report finds

Real estate markets in Asia-Pacific grew at a record-breaking pace in the first quarter of this year — thanks in part to China and despite a global decline, according to real estate consultancy JLL.

The region recorded a new first-quarter high of $45 billion in real estate transaction volumes, according the company’s Global Capital Flows report for the first quarter of 2019.

That’s a 14% increase compared to a year ago — outperforming the Americas, as well as Europe, the Middle East and Africa (EMEA), the JLL report showed.

“Driving this performance was China, where quarterly investment surged to an all-time high of US$17 billion due to an increase in cross-border capital inflows and large-scale transaction activity,” said the report which was released in May.

The “domestic consumption story is so strong” in China, JLL’s head of Asia Pacific capital markets Stuart Crow told CNBC’s “Street Signs Asia” on Thursday.

“We’re seeing a huge amount of investment into the manufacturing — and most particularly in our world — the logistics real estate,” Crow added. “Even some of the big players in China themselves, being Alibaba and JD.com, (are) investing in that logistics real estate sector. “


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: shirley tay
Keywords: news, cnbc, companies, war, market, china, growth, capital, markets, investment, transaction, estate, report, real, driving, headwinds, finds, logistics, trade, quarter


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