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Showing posts from November, 2019

EU - FX: US sparks risk-off move by backing Hong Kong; dollar flat

2-3 minutes - Source: CNBC Japanese yen banknotes of various denominations are arranged for a photograph in Tokyo, Japan, on July 22, 2015. Kiyoshi Ota | Bloomberg | Getty Images The dollar was little changed in early London trading on Thursday as a mild overnight risk-off move, sparked by the United States and China clashing over Hong Kong, subsided. After the U.S. passed legislation backing pro-democracy protesters in Hong Kong, China warned that it would take “firm counter-measures” if the U.S. continued to interfere in Hong Kong, saying that the legislation was “doomed to fail”. The dollar index  was last down less than 0.1%, trading within narrow ranges, while the Japanese yen — a perceived safe haven — was up around 0.2% versus the dollar. The Swiss franc was up around 0.1% versus the dollar. Heightened discord between the United States and China risks jeopardizing negotiations around the “phase one” trade deal - a proposed preliminary deal to 

Energy | Oil | Oil Price Report: Oil falls as US rights bill fuels tensions with China

3-4 minutes - Source: CNBC Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018. Benjamin Lowy | Getty Images Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fueling tensions with China. Brent crude  was down 19 cents, or 0.3%, at $63.87 a barrel by 0854 GMT, having dropped 0.3% on Wednesday. West Texas Intermediate crude  fell 33 cents, or 0.6%, to $57.78, after losing 0.5% in the previous session. China warned the United States that it would take “firm countermeasures” in response to U.S. legislation backing anti-government protesters in Hong Kong. Investors are concerned that the move might delay further a preliminary agreement between the United States and China to put an end to their trade war that has slowed global economic growth, and consequently consumption of o

Commodities | Gold | Gold Price Report: Gold gains as Hong Kong tensions fuel trade deal doubts

3-4 minutes - Source: CNBC Canadian maple leafs sit on the faces of one ounce gold coins in London, the United Kingdom, on July 15, 2014. Chris Ratcliffe | Bloomberg | Getty Images Gold prices rose on Thursday as investors bought the safe-haven metal on doubts about whether the United States and China will seal a trade deal after President Donald Trump signed a legislation supporting Hong Kong protesters. Palladium retreated slightly after hitting an all-time peak of $1,836.61 earlier in the session. Spot gold  was up 0.1% at $1,455.63 per ounce by 0659 GMT. U.S. gold futures rose 0.1% to $1,454.80. Trump on Wednesday signed a legislation into law that requires the State Department to certify, at least annually, that Hong Kong retains enough autonomy to justify favorable U.S. trading terms. Beijing condemned the move and said it would take “firm counter measures.” “With the latest developments of Trump signing the Hong Kong bill, there are doubts that

Health Report: Large waist in normal-weight elderly tied to higher dementia risk

Saumya Joseph 3-4 minutes - Source: Reuters (Reuters Health) - Older adults with normal weight but a wider waist may be at a higher risk of developing dementia, a Korean study suggests. Doctors should consider an older person’s waist circumference in assessing their risk for dementia, the research team advises. The study doesn’t prove that extra fat around the waist causes dementia in healthy-weight individuals; it only suggests a link between the conditions. Among older adults with a normal body mass index (BMI), rates of dementia rose consistently along with waist sizes of at least 90 cm (about 35.5 inches) for men and 85 cm (about 33.5 inches) for women, researchers report in Obesity. BMI, a ratio of weight to height, has long been used to look for links between obesity and dementia. But the authors of the new study contend that waist circumference is a better indicator of excess fat than BMI, especially in older people, who tend

US Politics: Trump makes surprise visit to U.S. troops in Afghanistan

By Missy Ryan and Philip Rucker 7-9 minutes - The Washington Post BAGRAM AIR BASE, Afghanistan — President Trump visited Afghanistan for the first time on Thursday, delivering Thanksgiving greetings to U.S. troops deployed here in America’s longest-running war and announcing he had resumed peace negotiations with the Taliban. Making an unannounced trip, Trump touched down at 8:30 p.m. local time at Bagram air base — the primary hub for U.S. air operations located outside the Afghan capital of Kabul — after secretly departing Florida in the dark of night. Trump has long wanted to draw down forces in Afghanistan and he said during a meeting here with Afghan President Ashraf Ghani that he had restarted peace talks with the Taliban and was hopeful of brokering an accord. “The Taliban wants to make a deal and we’re meeting with them and we’re saying it has s to be a ceasefire and they didn’t want to do a ceasefire, and now they do want t

World News: North Korea fires unidentified projectiles, South Korea military says

2-3 minutes - Source: CNBC People watch a TV broadcast showing file footage for a news report on North Korea firing two projectiles, possibly missiles, into the sea between the Korean peninsula and Japan, in Seoul, South Korea, October 31, 2019. Heo Ran | Reuters North Korea fired unidentified projectiles on Thursday, South Korea’s military said, the first such launch in nearly a month, amid a stalemate in denuclearization talks between Pyongyang and Washington, as a year-end deadline looms to strike a deal. Japan’s Coast Guard said it had detected what appeared to be a missile launched by the North and was monitoring where it would land. The defense ministry said the projectile did not enter its airspace or its Exclusive Economic Zone, however. South Korea’s military said the North fired two projectiles from an eastern province into the sea off its coast. The launch is the first since the North fired two suspected missiles into

UK Politics: 'They don't know we're here': In Britain's most pro-Brexit town, voters are still angry and disillusioned

Elliot Smith 11-14 minutos - Source: CNBC Shoppers walk past an empty commercial unit in the central market square of Boston, England, Nov. 8, 2019. Elliot Smith | CNBC BOSTON, England — With Britain facing its second general election since the historic vote to leave the European Union in June 2016, voters in the nation’s most pro-Brexit town are even more angry and disillusioned than they were three years ago. More than three quarters of the people of Boston, in the county of Lincolnshire in the East Midlands of England, voted to leave the EU. According to the most recent U.K. census in 2011, Boston also has the highest proportion of eastern European immigrants of anywhere in the U.K., after an influx of EU workers to the area’s agricultural sector, earning it the label of Britain’s “most divided town.” Between 2004 and 2014, the town’s migrant population grew by 460%, and the proportion of residents of the Borough of Boston born

EU - FX: Europe stocks close higher after Trump says US-China close to a trade deal

Elliot Smith, Ryan Browne 3minutes - Source: CNBC European markets closed higher on Wednesday, as investors tracked positive mood music around U.S.-China trade talks and promising consumer confidence figures out of France. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME FTSE FTSE 100 FTSE 7429.78 26.64 0.36 626246667 DAX DAX DAX 13287.07 50.65 0.38 67304331 CAC CAC CAC 5926.84 -2.78 -0.05 68032226 The pan-European Stoxx 600 came down off the day’s peak to end the session 0.3% higher, having earlier hit a four-year high. Telecoms led the way with a gain of 1% while oil and gas stocks slid 0.3% lower. President Donald Trump on Tuesday said that Washington and Beijing were in the “final throes” of talks aimed at securing a trade deal, though the U.S. leader also expressed his administration’s support for protesters in Hong Kong, a particularly thorny issue for China at the moment. Stocks on Wall Street were mostly higher on

Bonds | Treasury Yields Report: Treasury yields rise after a slew of better-than-expected economic data

Yun Li, Silvia Amaro 2minutes - Source: CNBC U.S. government debt prices fell on Wednesday as traders monitored fresh economic data and developments in the U.S.-China trade war. The yield on the benchmark 10-year Treasury note , which moves inversely to price, was higher at around 1.7127%, while the yield on the 30-year Treasury bond was also higher at around 2.1837%. Market players have been monitoring trade developments between the U.S. and China with mixed messages about the prospect of the two countries reaching a phase one deal before the end of the year. President Donald Trump said Tuesday that a deal with Beijing is in the “final throes.” Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US 3-MO U.S. 3 Month Treasury 1.613 0.008 0.00 US 1-YR U.S. 1 Year Treasury 1.601 0.018 0.00 US 2-YR U.S. 2 Year Treasury 1.628 0.042 0.00 US 5-YR U.S. 5 Year Treasury 1.629 0.041 0.00 US 10-YR U.S. 10 Year Treasury 1.771 0.031 0.00 US 3

Energy | Oil | Oil Price Report: Oil snaps 2-day win streak on surprise US inventory build

3-4 minutes - Source: CNBC The Tullow Oil Plc Prof. John Evans Atta Mills Floating Production Storage and Offloading vessel sits docked in Singapore on Jan. 21, 2016. Nicky Loh | Bloomberg | Getty Images Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week and gasoline stocks surged, but losses were limited by optimism that a U.S.-China trade deal would be reached soon. Brent crude futures fell 27 cents, or 0.4%, to settle at $64.00 a barrel. U.S. West Texas Intermediate crude fell 30 cents, or 0.5%, to settle at $58.11 a barrel. WTI trade volumes were also on track to be lower for the week ahead of the U.S. Thanksgiving holiday. U.S. crude stocks swelled by 1.6 million barrels last week as production hit a record high at 12.9 million barrels per day and refinery runs slowed, the Energy Information Administration said. Analysts in a Reuters poll had forecast a drop of 418,000 barrels. The m

Commodities | Gold | Gold Price Report: Gold drops as trade deal hopes boost Wall Street to record

3minutes - Source: CNBC A worker holds a gold bullion on January 13, 2015 at Istanbul Gold Refinery in Istanbul, Turkey. Ozan Kose | AFP | Getty Images Gold fell on Wednesday as equities climbed to record levels bolstered by hopes that the United States and China were close to signing an initial trade deal. Also boosting risk appetite was robust U.S. economic data, which assured investors of the health of the country’s economy. Spot gold dipped 0.47% to $1,454.28 per ounce, slipping five sessions in six. U.S. gold futures also shed 0.4% to $1,455 per ounce. “Given the situation, the statements from the White House that the U.S.- China trade deal may be imminent is continuing to drive risk appetite a bit higher,” said Bart Melek, head of commodity strategies at TD Securities. “There is less interest in gold as a hedge, and a higher opportunity cost to hold zero yielding assets like gold.” Wall Street hit fresh record l

US Economic Growth Report: US economy grew at a moderate 2.1% annual rate in the third quarter

1-2 minutes - Source: CNBC A General Motors assembly worker moves a V6 engine, used in a variety of GM cars, trucks and crossovers, from the final assembly line at the GM Romulus Powertrain plant in Romulus,  Michigan, August 21, 2019 . Rebecca Cook | Reuters The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in the gross domestic product, the economy’s total output of goods and services slightly exceeded its initial estimate of a 1.9% rate. The economy had begun the year with a sizzling 3.1% GDP rate. Many economists have estimated that GDP growth is weakening in the current quarter to as slow as a sub-1% annual rate, largely because the U.S.-China trade war has led businesses to cut investment and inventories. Still, the holiday shopping season is expect

Exclusive: China's ByteDance moves to ringfence its TikTok app amid U.S. probe - sources

Echo Wang 6-7 minutos - Source: Reuters NEW YORK/WASHINGTON/BEIJING (Reuters) - ByteDance has stepped up efforts to separate its social media app TikTok from much of its Chinese operations, amid a U.S. national security panel’s inquiry into the safety of the personal data it handles, people familiar with the matter said. FILE PHOTO: The logo of the TikTok app is seen on a mobile phone screen in this picture illustration taken February 21, 2019. Picture taken February 21, 2019. REUTERS/Danish Siddiqui/Illustration The Chinese technology company is seeking to provide assurances to the Committee on Foreign Investment in the United States (CFIUS) that personal data held by TikTok, which is widely popular with U.S. teenagers, is stored securely in the United States and will not be compromised by Chinese authorities, the sources said. CFIUS, which reviews deals by foreign acquirers for potential national security risks, is looking

Market Insider | Biggest Moves Premarket: Stocks making the biggest moves premarket: Deere, Boeing, Dell, Guess, VMWare, HP, Box & more

Peter Schacknow 3-4 minutos - Source: CNBC Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported quarterly earnings of $2.14 per share , a penny a share above estimates. Revenue also topped forecasts, however Deere said its results continue to be affected by lingering trade tensions and ongoing uncertainties in the agriculture sector. Boeing (BA) – The Federal Aviation Administration said it would now take sole responsibility for inspecting and signing off on any newly manufactured 737 Max jet before delivery to airlines. Boeing had previously been permitted to perform those functions. The move does not affect any of the 737 Max jets that were already in service but could signal further delays in a return to service for the grounded jet. Dell Technologies (DELL) – Dell reported quarterly earnings of $1.75 per share , 13 cents a share above estimates. The computer maker’s reve

Politics: Rudy Giuliani Has Curious Links to a Jewish Village in Ukraine

By Stephanie Baker and Daryna Krasnolutska 8-10 minutes - Source: Bloomberg Three apartment blocks housing both refugees and Jewish families from Kyiv. Photographer: Stephanie Baker/Bloomberg It doesn’t look like much: a muddy site roughly four football fields long with a dozen buildings, some half-finished, on the grim outskirts of the Ukrainian capital Kyiv. But Anatevka, as it’s named to invoke the Jewish shtetl in the musical “Fiddler on the Roof,” has at least a walk-on role in the Donald Trump impeachment drama. Anatevka’s honorary mayor is Rudy Giuliani, President Trump’s Ukraine point man, and its fundraisers include Giuliani’s two associates, Lev Parnas and Igor Fruman, who’ve been indicted

EU - FX: Dollar hits two-week high on yen, yuan up after China-US trade call

3-4 minutos - Source: CNBC Background of U.S. dollar bills. Alena Vikhareva | iStock | Getty Images A telephone call between top U.S. and Chinese trade negotiators lifted the dollar to a two-week high against the yen while China’s yuan edged up on Tuesday, due to optimism that the two sides will soon agree an interim deal to halt their trade war. Chinese Vice Premier Liu He, U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin discussed issues related to a “phase one” trade agreement and agreed to maintain communication on remaining issues. The dollar rose as high as 109.205 yen , its strongest in two weeks, before settling back at 109.01 yen to show a gain of 0.1% from the previous close. The yuan also rose to 7.240 to the dollar, about 0.15% higher than the previous close. “It wasn’t like they agreed to the phase one deal. They just agreed to continue their talk. So some people appeared to have be

Bonds | Treasury Yields Report: Treasury yields fall after consumer sentiment data disappoints

Yun Li, Sam Meredith 2minutos - Source: CNBC U.S. government debt prices rose on Tuesday as investors digested weaker-than-expected economic data and the latest development on U.S.-China trade. Treasurys TICKER COMPANY YIELD CHANGE %CHANGE US 3-MO U.S. 3 Month Treasury 1.605 0.008 0.00 US 1-YR U.S. 1 Year Treasury 1.586 0.008 0.00 US 2-YR U.S. 2 Year Treasury 1.588 -0.017 0.00 US 5-YR U.S. 5 Year Treasury 1.596 -0.02 0.00 US 10-YR U.S. 10 Year Treasury 1.738 -0.026 0.00 US 30-YR U.S. 30 Year Treasury 2.175 -0.032 0.00 The yield on the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.7345%, while the yield on the 30-year Treasury bond was also lower at around 2.1731%. Consumer confidence dipped for a fourth straight month in November as economic conditions weaken towards the end of 2019. The index for consumer confidence came in at 125.5 this month, compared to a Dow Jones’ estimate o