Barclays: A ripping rally sending the S&P 500 up 10% is now the ‘highest probability outcome’

A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming. With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a market “melt-up” as Barclays now sees a 65% chance the S&P 500 will rip 10% higher from here. A melt-up or mini bubble is considered a sharp move higher driven by investors late to the game looking to get in on a momentum shift. “After the truce in the U.S.-China trade war post the G-20 meeting in Osaka,


A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming. With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a market “melt-up” as Barclays now sees a 65% chance the S&P 500 will rip 10% higher from here. A melt-up or mini bubble is considered a sharp move higher driven by investors late to the game looking to get in on a momentum shift. “After the truce in the U.S.-China trade war post the G-20 meeting in Osaka,
Barclays: A ripping rally sending the S&P 500 up 10% is now the ‘highest probability outcome’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: yun li
Keywords: news, cnbc, companies, higher, barclays, sp, mini, 500, highest, probability, meltup, truce, trade, market, g20, outcome, rally, sending, ripping


Barclays: A ripping rally sending the S&P 500 up 10% is now the 'highest probability outcome'

Traders work on the floor at the New York Stock Exchange.

A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming.

With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a market “melt-up” as Barclays now sees a 65% chance the S&P 500 will rip 10% higher from here.

A melt-up or mini bubble is considered a sharp move higher driven by investors late to the game looking to get in on a momentum shift. It’s often a sign of a late-stage bull market.

“After the truce in the U.S.-China trade war post the G-20 meeting in Osaka, the ‘melt-up’ scenario … is now our highest probability outcome,” Maneesh Deshpande, head of equity derivatives strategy at Barclays, said in a note Wednesday.”

The cease-fire between the world’s two largest economies over the weekend has fanned the risk-on sentiment in the market, sending the S&P 500 to new all-time highs. But for the market to rally further, two other things have to materialize in the near future — Federal Reserve rate cuts and the economic slowdown only being a soft patch, Barclays said.


Company: cnbc, Activity: cnbc, Date: 2019-07-03  Authors: yun li
Keywords: news, cnbc, companies, higher, barclays, sp, mini, 500, highest, probability, meltup, truce, trade, market, g20, outcome, rally, sending, ripping


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Chip stocks surge on China trade war truce and reprieve from the Huawei ban

More than 8 million homeowners leaving big money on the table by…Mortgage rates have been on a roller coaster for the last year, but now they’re sitting at the bottom of the track, and that is giving a major boost to the number of borrowers…Real Estateread more


More than 8 million homeowners leaving big money on the table by…Mortgage rates have been on a roller coaster for the last year, but now they’re sitting at the bottom of the track, and that is giving a major boost to the number of borrowers…Real Estateread more
Chip stocks surge on China trade war truce and reprieve from the Huawei ban Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: michael sheetz
Keywords: news, cnbc, companies, sitting, china, surge, rates, reprieve, chip, war, stocks, track, trade, table, truce, huawei, million, roller, number, money, major, theyre, ban


Chip stocks surge on China trade war truce and reprieve from the Huawei ban

More than 8 million homeowners leaving big money on the table by…

Mortgage rates have been on a roller coaster for the last year, but now they’re sitting at the bottom of the track, and that is giving a major boost to the number of borrowers…

Real Estate

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: michael sheetz
Keywords: news, cnbc, companies, sitting, china, surge, rates, reprieve, chip, war, stocks, track, trade, table, truce, huawei, million, roller, number, money, major, theyre, ban


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Here are the biggest stock winners from the US-China trade ceasefire

A truce in the U.S.-China trade war has sparked a relief rally across risk assets, but these stocks are really cheering. The biggest winners from the ceasefire are chipmakers. Other stocks on Goldman’s list are also rallying on the trade truce. Yum China, which gets 100% of its sales from China, gained more than 3% on Monday. Fiber laser manufacturer IPG Photonics and integrated power solutions company Monolithic Power Systems both climbed more than 2%.


A truce in the U.S.-China trade war has sparked a relief rally across risk assets, but these stocks are really cheering. The biggest winners from the ceasefire are chipmakers. Other stocks on Goldman’s list are also rallying on the trade truce. Yum China, which gets 100% of its sales from China, gained more than 3% on Monday. Fiber laser manufacturer IPG Photonics and integrated power solutions company Monolithic Power Systems both climbed more than 2%.
Here are the biggest stock winners from the US-China trade ceasefire Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: yun li
Keywords: news, cnbc, companies, president, biggest, power, china, stocks, winners, chipmakers, rally, stock, trade, truce, sales, uschina, qualcomm, ceasefire


Here are the biggest stock winners from the US-China trade ceasefire

A truce in the U.S.-China trade war has sparked a relief rally across risk assets, but these stocks are really cheering.

The biggest winners from the ceasefire are chipmakers. Semiconductors not only benefited from the agreement between President Donald Trump and Chinese President Xi Jinping to hold off on new tariffs, but also from Trump’s decision to ease his ban on American companies selling products to Chinese telecom giant Huawei.

Goldman Sachs scanned 2018 company filings to find the companies with the highest sales exposure to Greater China in the Russell-1000 Index. The list is concentrated in chipmakers, including Qorvo, Qualcomm, Micron Technology, Nvidia, Broadcom and Intel.

The group is leading Monday’s rally with Skyworks soaring nearly 7%, Western Digital up 4.3%, Micron up 5.3%, while Qualcomm and Broadcom each jumped over 5%. The VanEck Vectors Semiconductor ETF, which includes the top S&P 500 chipmakers, rose over 4% on Monday.

Other stocks on Goldman’s list are also rallying on the trade truce. Yum China, which gets 100% of its sales from China, gained more than 3% on Monday. Fiber laser manufacturer IPG Photonics and integrated power solutions company Monolithic Power Systems both climbed more than 2%.


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: yun li
Keywords: news, cnbc, companies, president, biggest, power, china, stocks, winners, chipmakers, rally, stock, trade, truce, sales, uschina, qualcomm, ceasefire


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Morgan Stanley on trade truce: No real progress, downside risks to economy and market remain

President Donald Trump and China’s President Xi Jinping shake hands ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. Developments at the G-20 Summit in Osaka, Japan over the weekend on their own do not erase the uncertainty that is weighing on corporate confidence and the broader global economy, the firm said. On Saturday at the G-20 summit, President Donald Trump and Chinese President Xi Jinping agreed not to impose new tariffs on U.S. and Chinese g


President Donald Trump and China’s President Xi Jinping shake hands ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. Developments at the G-20 Summit in Osaka, Japan over the weekend on their own do not erase the uncertainty that is weighing on corporate confidence and the broader global economy, the firm said. On Saturday at the G-20 summit, President Donald Trump and Chinese President Xi Jinping agreed not to impose new tariffs on U.S. and Chinese g
Morgan Stanley on trade truce: No real progress, downside risks to economy and market remain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, president, summit, trump, market, china, g20, progress, global, trade, sentiment, risks, truce, real, ahya, stanley, morgan, remain, economy


Morgan Stanley on trade truce: No real progress, downside risks to economy and market remain

DATE IMPORTED:June 29, 2019U.S. President Donald Trump and China’s President Xi Jinping shake hands ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque

Tensions between the U.S. and China are not escalating but there is still “no clear path” towards a deal between the world’s two largest economies, according to Morgan Stanley.

Developments at the G-20 Summit in Osaka, Japan over the weekend on their own do not erase the uncertainty that is weighing on corporate confidence and the broader global economy, the firm said.

“As things stand, we lack clarity on whether real progress was achieved on the sticking points that caused talks to break down in the first place,” Morgan Stanley chief economist Chetan Ahya said in a note to clients on Sunday.

On Saturday at the G-20 summit, President Donald Trump and Chinese President Xi Jinping agreed not to impose new tariffs on U.S. and Chinese goods. The U.S. said they would hold off on the potential 25% tariffs on the remaining $300 billion of imports from China and China said they would continue to buy U.S. agricultural products. This comes after a trade deal between the two countries fell through in the begging of May.

Although Trump said the two countries are “right on track,” Ahya said the lingering unknown is dangerous for corporate sentiment and a looming economic slowdown.

“Uncertainty is the enemy of the business cycle,” said Ahya.

Corporate sentiment is at multi-year lows, global PMIs for May fell broadly and Morgan Stanley Business Conditions Index fell to its largest one-month decline on record. Ahya said the data is painting a bleak picture and causing consumer sentiment to “sour.”

Ahya said the uncertainty, paired with earnings growth slowing, will cause the corporate sector to face tightening financial conditions. This “could impair lending, weaken confidence further and exacerbate the slowdown in growth,” said Ahya.

Morgan Stanley’s equity analyst Michael Wilson said to sell the trade truce news, in a note to clients Monday.

“A pause in rising trade tensions is not a fix for slowing US economic activity and earnings pressure,” said Wilson.

Although unlikely, Ahya also said in the event of re-escalation between the U.S. and China, we could end up in a global recession in three quarters.

On Monday, the Dow Jones Industrial Average closed down 117 points. The S&P 500 and the Nasdaq both closed positive as well.

—with reporting from CNBC’s Patti Domm


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, president, summit, trump, market, china, g20, progress, global, trade, sentiment, risks, truce, real, ahya, stanley, morgan, remain, economy


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US Treasury yields rise as US-China trade truce dents appetite for safe-haven assets

U.S. Treasuries retreated after a trade truce between the U.S. and China dented investor appetite for safe-haven assets. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.0117%, while the yield on the 30-year Treasury bond was also higher at 2.5364%. Market focus is largely attuned to global trade developments, after the world’s two largest economies agreed to resume trade negotiations over the weekend. Trump and Chinese President Xi Jinping


U.S. Treasuries retreated after a trade truce between the U.S. and China dented investor appetite for safe-haven assets. The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.0117%, while the yield on the 30-year Treasury bond was also higher at 2.5364%. Market focus is largely attuned to global trade developments, after the world’s two largest economies agreed to resume trade negotiations over the weekend. Trump and Chinese President Xi Jinping
US Treasury yields rise as US-China trade truce dents appetite for safe-haven assets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: sam meredith, yun li
Keywords: news, cnbc, companies, china, trump, higher, assets, xi, yields, rise, truce, treasury, agreed, chinese, yield, trade, uschina, tariffs, safehaven, dents, appetite


US Treasury yields rise as US-China trade truce dents appetite for safe-haven assets

U.S. Treasuries retreated after a trade truce between the U.S. and China dented investor appetite for safe-haven assets.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.0117%, while the yield on the 30-year Treasury bond was also higher at 2.5364%.

Market focus is largely attuned to global trade developments, after the world’s two largest economies agreed to resume trade negotiations over the weekend.

President Donald Trump offered concessions to his Chinese counterpart when the two leaders met on the sidelines of the Group of Twenty (G-20) summit in Japan last week. Trump and Chinese President Xi Jinping agreed not to impose new tariffs on U.S. and Chinese goods. The U.S. said they would hold off on the potential 25% tariffs on the remaining $300 billion of imports from China and China said they would continue to buy U.S. agricultural products.

These included no new charges and an easing of restrictions on Chinese telecommunications giant Huawei in order to soothe tensions with Beijing.


Company: cnbc, Activity: cnbc, Date: 2019-07-01  Authors: sam meredith, yun li
Keywords: news, cnbc, companies, china, trump, higher, assets, xi, yields, rise, truce, treasury, agreed, chinese, yield, trade, uschina, tariffs, safehaven, dents, appetite


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Gold falls 2% as dollar, equities gain on US-China truce

Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria. Gold slid as much as 2% on Monday as the dollar rallied and investors flocked to riskier assets after the resumption of trade talks between the United States and China. Spot gold fell 1.7 % to $1,384.24 per ounce, after falling to its lowest since June 20 at $1,381.51. Among other precious metals, silver fell 1.3 % to $15.11 per ounce, while palladium rose 0.62 % to$1,547.51. Platinum gained 0.42 % to $829.50 per ounc


Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria. Gold slid as much as 2% on Monday as the dollar rallied and investors flocked to riskier assets after the resumption of trade talks between the United States and China. Spot gold fell 1.7 % to $1,384.24 per ounce, after falling to its lowest since June 20 at $1,381.51. Among other precious metals, silver fell 1.3 % to $15.11 per ounce, while palladium rose 0.62 % to$1,547.51. Platinum gained 0.42 % to $829.50 per ounc
Gold falls 2% as dollar, equities gain on US-China truce Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-01
Keywords: news, cnbc, companies, gain, equities, silver, week, truce, gold, united, picture, ounce, trade, uschina, fell, falls, dollar, states


Gold falls 2% as dollar, equities gain on US-China truce

Gold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.

Gold slid as much as 2% on Monday as the dollar rallied and investors flocked to riskier assets after the resumption of trade talks between the United States and China.

Spot gold fell 1.7 % to $1,384.24 per ounce, after falling to its lowest since June 20 at $1,381.51.

U.S. gold futures dropped 1.8 % to $1,387.4.

The United States and China agreed on Saturday to resume trade negotiations after President Donald Trump offered concessions to his Chinese counterpart Xi Jinping when the two met at the sidelines of the G20 summit in Japan.

The news drove a rally in global stocks and sent the dollar index to the highest in more than a week, limiting flows into safe-haven bullion.

“Under the positive (geopolitical) circumstances, the dollar is rallying and that is having a negative effect on gold…The poor picture on the technical charts is also causing some additional selling today,” said Rob Lutts, chief investment officer at Cabot Wealth Management.

A break below $1,350 could paint a bearish picture, he added.

Gold prices hit a six-year high last week at $1,438.63 an ounce, driven by a dovish outlook from major central banks and an escalation of tensions between the United States and Iran.

The metal has shed about $50 dollars since it broke the $1,400 level but some analysts see it as a healthy correction and an opportunity to buy.

“We do not expect gold to fall significantly further. In our view, it is above all the upcoming European Central Bank and Fed rate cuts, and the political risks, that argue against any pronounced and lasting price slide,” Commerzbank analysts said in a note.

Meanwhile, holdings of the SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.22% on Friday. Holdings had still risen nearly 7% in June as of last week.

Among other precious metals, silver fell 1.3 % to $15.11 per ounce, while palladium rose 0.62 % to$1,547.51.

Platinum gained 0.42 % to $829.50 per ounce, after hitting a six week high of $846.11 earlier in the session.


Company: cnbc, Activity: cnbc, Date: 2019-07-01
Keywords: news, cnbc, companies, gain, equities, silver, week, truce, gold, united, picture, ounce, trade, uschina, fell, falls, dollar, states


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Trump might not need to hear much to strike a truce with China: Senior official

President Donald Trump wouldn’t need to hear much from Chinese officials to at least strike a truce in the trade war between the two sides, a senior administration official told CNBC. Administration officials differ on whether a truce can be struck. However, one official said that some type of respite in the tensions is the baseline case in the White House and that truce talk is more than speculation. One official said that Trump is closely watching the stock market, which has stumbled through t


President Donald Trump wouldn’t need to hear much from Chinese officials to at least strike a truce in the trade war between the two sides, a senior administration official told CNBC. Administration officials differ on whether a truce can be struck. However, one official said that some type of respite in the tensions is the baseline case in the White House and that truce talk is more than speculation. One official said that Trump is closely watching the stock market, which has stumbled through t
Trump might not need to hear much to strike a truce with China: Senior official Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: kayla tausche
Keywords: news, cnbc, companies, truce, deal, xi, hear, chinese, senior, billion, high, official, tariffs, need, officials, strike, china, trump


Trump might not need to hear much to strike a truce with China: Senior official

President Donald Trump wouldn’t need to hear much from Chinese officials to at least strike a truce in the trade war between the two sides, a senior administration official told CNBC.

Trump and Chinese President Xi Jinping are set to meet Saturday at the G-20 meeting in Osaka, Japan, with expectations running high that the two leaders can strike some bargain that at least puts the tit-for-tat tariff exchange on hold.

Administration officials differ on whether a truce can be struck. However, one official said that some type of respite in the tensions is the baseline case in the White House and that truce talk is more than speculation.

One official said that Trump is closely watching the stock market, which has stumbled through the week amid rampant speculation over what will happen at the summit. The market was set to open higher Friday but is on its way to a loss for the week after three straight weeks of gains.

The official also said that the main thing that would void a truce would be if Xi said he would not willing to enforce any deal or write it into Chinese law.

Trump is meeting with other officials at the summit but has continued to tweet about a variety of matters, including the Democratic presidential debates, and his view on the markets.

Markets have been mostly optimistic lately about the prospects for a deal, though investors have been sensitive to negative headlines that have come out of the developments over the past year.

The negotiations have run in cycles, with tensions running high followed by easing and then renewed hostilities.

The U.S. is seeking to reduce a trade deficit with China that hit $419.5 billion in 2018, a nearly 12% increase despite Trump’s efforts to use tariffs to reduce the gap. The administration has levied 25% tariffs on $250 billion worth of Chinese imports and Trump has threatened to impose duties on the rest of the $300 billion or so of goods that flow into the U.S.

While the markets might view a truce as positive, there’s not much expectation for major developments at the G-20 meeting.

“Consensus expects can-kicking, but no rolling back of tariffs that are already in place. With above-trend economic growth and the S&P 500 at an all-time high, there is no sense of urgency on the part of the US to reach an agreement,” Savita Subramanian, equity and quant strategist at Bank of America Merrill Lynch, said in a research note.

A “real deal” between the two sides could propel the S&P 500 to 3,100, or about 6% higher from its Thursday close, while additional tariffs have the potential to send the index 5% lower, Subramanian said.

—This story was reported by Kayla Tausche and written by Jeff Cox.


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: kayla tausche
Keywords: news, cnbc, companies, truce, deal, xi, hear, chinese, senior, billion, high, official, tariffs, need, officials, strike, china, trump


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Dollar little changed as traders await news from G20 summit

The dollar held steady against most major currencies on Thursday as traders moved to the sidelines in advance of this weekend’s G20 summit where China and the United States may reach a truce on their trade conflict. The world’s two largest economies have agreed to a tentative truce in their trade dispute, Hong Kong’s South China Morning Post cited sources as saying. The dollar index was on track for it first quarterly loss since the first quarter of 2018. China’s offshore yuan rose 0.20% to 6.87


The dollar held steady against most major currencies on Thursday as traders moved to the sidelines in advance of this weekend’s G20 summit where China and the United States may reach a truce on their trade conflict. The world’s two largest economies have agreed to a tentative truce in their trade dispute, Hong Kong’s South China Morning Post cited sources as saying. The dollar index was on track for it first quarterly loss since the first quarter of 2018. China’s offshore yuan rose 0.20% to 6.87
Dollar little changed as traders await news from G20 summit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27
Keywords: news, cnbc, companies, await, changed, fed, g20, yuan, analysts, traders, trade, truce, summit, rates, trump, quarter, index, dollar, little


Dollar little changed as traders await news from G20 summit

The dollar held steady against most major currencies on Thursday as traders moved to the sidelines in advance of this weekend’s G20 summit where China and the United States may reach a truce on their trade conflict.

The world’s two largest economies have agreed to a tentative truce in their trade dispute, Hong Kong’s South China Morning Post cited sources as saying. U.S. President Donald Trump and Chinese President Xi Jinping are scheduled to meet on Saturday.

The report eased fears that Trump would impose additional tariffs on $300 billion on Chinese goods, but financial markets remain on edge about the trade talks, analysts and traders said.

“It’s just a lot of noise until there is a deal,” said Minh Trang, senior foreign exchange trader at Silicon Valley Bank in Santa Clara, California. “We are in a holding pattern.”

Traders shrugged off a U.S. government report that showed the economy expanded at a 3.1% annualized pace in the first quarter, unchanged from the government’s estimate last month.

In late U.S. trading, the index that tracks the dollar against the euro, yen, sterling and three other currencies was little changed at 96.206, holding above a three-month low of 95.843 reached on Tuesday.

The index broke below its 200-day moving average last week, which analysts cite as bearish for the dollar, after the Federal Reserve signaled it was prepared to lower interest rates to combat the risk from global trade tensions and sluggish domestic inflation.

The dollar index was on track for it first quarterly loss since the first quarter of 2018. China’s offshore yuan rose 0.20% to 6.8742 per dollar , helping the renminbi back toward the six-week high of 6.8370 yuan per dollar touched last week.

The offshore yuan, however, has weakened 2.26% in the second quarter.

Whether Trump and Xi strike a trade truce this weekend could shape expectations on Fed policy in the coming months, analysts said.

Traders have priced in the probability the Fed would lower rates in July and might cut rates at least three times by year-end, according to interest rates futures calculated by CME Group’s FedWatch program.

The yen edged up 0.03% to 107.755 per dollar. The Japanese currency has risen a solid 2.7% against the greenback in the second quarter, boosted by expectations of Fed rate cuts and the trade war.

Rising tensions between Iran and the United States has also stoked safe-haven demand for the Japanese currency.


Company: cnbc, Activity: cnbc, Date: 2019-06-27
Keywords: news, cnbc, companies, await, changed, fed, g20, yuan, analysts, traders, trade, truce, summit, rates, trump, quarter, index, dollar, little


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Chinese stocks jump after return from holidays; US-China trade talks set to resume

Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week. The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. “First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said. “However, Trump has also


Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week. The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. “First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said. “However, Trump has also
Chinese stocks jump after return from holidays; US-China trade talks set to resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: eustance huang
Keywords: news, cnbc, companies, trade, xi, uschina, holidays, trump, stocks, deal, set, talks, resume, jump, chinese, president, tariffs, truce, return, best


Chinese stocks jump after return from holidays; US-China trade talks set to resume

Investors will be watching for developments on the U.S.-China trade front, with a new round of negotiations set to be held in Beijing later this week.

The Wall Street Journal reported Friday that the two countries have not yet put together a draft on the matters they agree or disagree. It comes as both Washington and Beijing are attempting to strike a deal on trade before a key March deadline, following which additional tariffs will be slapped on Chinese imports to the U.S.

U.S. President Donald Trump also said Thursday he will not meet with Chinese President Xi Jinping before that deadline.

“The reality is that olive branches, rather than rose stalks, are the best that anyone (anchored to reality) may be looking for,” said Mizuho Bank in a morning note.

It pointed to “restraints” overhanging those talks.

“First, as of late last week, President Trump had declared that he would not be meeting with President Xi before the deadline (1st Mar) on the US-China trade truce expires,” the note said.

“However, Trump has also categorically stated that there will be no US-China trade deal till he and President Xi have met. Therefore that is as good a guaranteeing that there will be no deal before the US-China truce expires.” That, the note said, not only “contradicts” Trump’s earlier tweets enthusing about a deal in the works, but also “begs the question” of whether that meant higher tariffs on Chinese imports.

One economist told CNBC that the “best case” outcome of the talks would be an “extension of the planned implementation” of the increase in tariffs.

“The problem that we have is that there’s a lot of complacency in the market about assuming that the best case actually happens,” David Mann, global chief economist at Standard Chartered Bank, told CNBC’s “Street Signs” on Monday. “Everyone’s assuming there will be no … further rises in tariffs this year,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: eustance huang
Keywords: news, cnbc, companies, trade, xi, uschina, holidays, trump, stocks, deal, set, talks, resume, jump, chinese, president, tariffs, truce, return, best


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‘Feuding’ Hugh Jackman and Ryan Reynolds try to call a truce in ads for each other’s products

Wolverine star Hugh Jackman and Deadpool actor Ryan Reynolds have released a video on Twitter showing them attempting to call a truce over their long-running social media “feud.” The two actors are shown discussing the commercials they’ve agreed to make for each other’s products: Jackman’s coffee company Laughing Man Coffee and Reynolds’ Aviation Gin. Reynolds shows his commercial, featuring Jackman’s coffee beans as being “born with a special power.” Reynolds’ voiceover asks, before the flatter


Wolverine star Hugh Jackman and Deadpool actor Ryan Reynolds have released a video on Twitter showing them attempting to call a truce over their long-running social media “feud.” The two actors are shown discussing the commercials they’ve agreed to make for each other’s products: Jackman’s coffee company Laughing Man Coffee and Reynolds’ Aviation Gin. Reynolds shows his commercial, featuring Jackman’s coffee beans as being “born with a special power.” Reynolds’ voiceover asks, before the flatter
‘Feuding’ Hugh Jackman and Ryan Reynolds try to call a truce in ads for each other’s products Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: lucy handley
Keywords: news, cnbc, companies, ads, ryan, jackman, laughing, man, try, jackmans, coffee, feuding, company, truce, reynolds, products, video, hugh, gin


'Feuding' Hugh Jackman and Ryan Reynolds try to call a truce in ads for each other's products

Wolverine star Hugh Jackman and Deadpool actor Ryan Reynolds have released a video on Twitter showing them attempting to call a truce over their long-running social media “feud.”

The two actors are shown discussing the commercials they’ve agreed to make for each other’s products: Jackman’s coffee company Laughing Man Coffee and Reynolds’ Aviation Gin.

Reynolds shows his commercial, featuring Jackman’s coffee beans as being “born with a special power.” “Hugh can be behind such a hugh-roic company?” Reynolds’ voiceover asks, before the flattering conclusion, “My friend, Hugh Jackman, the loving and caring man who created Laughing Man.” Reynolds then claims the ad cost $1 million to make.

Jackman’s ad for Aviation Gin is far from flattering, however, as the video shows next. He uses an expletive to describe Reynolds before pouring a bottle of gin all over a table after saying: “The gin’s pretty great though, I’ll have to try it someday.”

The video, released on the actors’ Twitter accounts on Wednesday, cuts back to the two sitting in a studio, with Jackman saying: “Sorry man, I didn’t think the truce was actually real,” before both their companies’ logos appear on the screen.

Reynolds tweeted the video with the caption “F for effort.”

The two stars have been sending each other up for years. In 2017, when Jackman tweeted a picture of him with fans in Beijing, Reynolds commented: “Pretty sure those are protesters.” Last November, Jackman posted a video of his dog pooping on a photo of the Deadpool actor after Reynolds made a political-style video questioning Jackman’s name and nationality.

Reynolds bought a stake in Aviation Gin in February 2018 and in September announced it would be available on Virgin Atlantic flights. Jackman launched Laughing Man in 2011 after a 2009 visit to Ethiopia where he met coffee farmers. His company provides a marketplace for farmers to sell goods to the U.S and donates all profits to a community foundation.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: lucy handley
Keywords: news, cnbc, companies, ads, ryan, jackman, laughing, man, try, jackmans, coffee, feuding, company, truce, reynolds, products, video, hugh, gin


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