Wednesday, 20 March, 2019

Stocks boosted by US-China trade hope, oil prices soar

Oil prices up with OPEC cuts US-China trade talks Oil prices up with OPEC cuts, US-China trade talks
Russell Knight | 14 January, 2019, 05:27

-China trade talks in a positive light.

In Europe, Germany's DAX slipped 0.4 percent to 10,879 while the CAC 40 in France fell 0.5 percent lower to 4,781. Hong Kong's Hang Seng recovered to edge 0.1 percent higher, to 26,492.61, while the Shanghai Composite index was flat at 2,545.37.

Crude futures sank along with the ebbing energy sector in the 11 primary S&P 500 sectors, which led the laggards with around 0.58 percent fall. Shares fell in Taiwan but rose in Singapore, Indonesia and the Philippines.

Heightened risk appetite boosted US Treasury yields to the highest this year, while the US dollar extended losses after minutes from a December 18-19 Federal Reserve policy meeting showed many Fed policymakers said the central bank could be patient on future rate hikes. He echoed the tone of Fed officials who were present at a meeting last month. A market-sensitive Fed is reassuring to investors who fear its tightening policies would send the US economy into recession.

The previous session, oil prices jumped 5 percent, capping off an eight-day rally that marked oil's longest sustained rise since July 2017. A 90-day financial truce reached by Trump and Chinese President Xi Jinping during the G20 summit has put on hold the White House's threat to raise levies from 10 percent to 25 percent on $200 billion of those goods.

The growing optimism allowed traders to overlook a report of a steep inventory jump for USA gasoline and diesel.

ANALYST'S TAKE: "While there was agreement on less thorny issues such as agriculture and energy, USA demands for verification and enforceable targets on intellectual property rights, transfer of technologies and non-tariff barriers may not be that easily addressed", DBS Group Research strategists Eugene Leow and Neel Gopalakrishnan said in a commentary.

Nasri Shines as West Ham Beats Arsenal
Sources suggest that Chinese clubs are interested in him, after his brilliant performance for the Hammers this season. If a full-back goes up, he's able to go out wide to deal with it.

‘We Don’t Take Orders From Bolton’: Pentagon Plans Syria Withdrawal
Pompeo's remarks follow tensions between the USA and Turkey over the fate of Washington's allies in the fight against ISIS. These include troops to provide additional security.

Bill Belichick, Patriots Install Temperature Gauge Outside Chargers Tunnel at Gillette Stadium
Joey Bosa and Melvin Ingram will be able to pressure Brady, which is something he doesn't play well under. Kansas City will host the victor of Sunday's Patriots-Chargers matchup next Sunday.

CHINESE ECONOMY: On Thursday, China released consumer and producer inflation figures that missed the mark.

Gold prices rose on Wednesday, with spot gold up 0.68 percent to $1,293.65 per ounce. This was the slowest pace of growth in six months.

Benchmark 10-year notes were last down 2/32 in price to yield 2.7225 percent after earlier rising to 2.747 percent, the highest since December 28.

But the upbeat mood was dampened after the two sides issued only mildly positive statements that lacked concrete details, helping end a four-day rally in share markets and pushing the U.S. dollar to a near three-month low.

It was the first time that Brent and WTI had seen nine days of consecutive price increases since 2007 and 2010 respectively.

International Brent crude futures LCOc1 were up 69 cents, or 1.2 per cent, at $59.41 per barrel. It added another 23 cents to $52.59 per barrel on Thursday.

ENERGY: Benchmark U.S. crude was flat at $52.49 a barrel in electronic trading on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, was down 24 cents at $61.44 per barrel.

Recommended

  • China broadcasts spacecraft pictures from moon's far side

    China broadcasts spacecraft pictures from moon's far side

    The mission demonstrates China's growing ambitions as a space power to rival Russian Federation , the European Union and the U.S. This is the second Chinese probe to land on the moon, following the first Yutu rover mission on its Earth-facing side in 2013.
    FBI investigated how Trump’s actions seemed to benefit Russian Federation

    FBI investigated how Trump’s actions seemed to benefit Russian Federation

    A protester with a poster of Trump and Putin outside the Phoenix Convention Center where Trump was holding a rally in August 2017. At the same time , & as I have often said, getting along with Russian Federation is a good thing, not a bad thing.
    Q4 2018 PC shipments dip amid trade tensions, CPU shortages

    Q4 2018 PC shipments dip amid trade tensions, CPU shortages

    Dell had the strongest growth among the top OEMs at 1.6 percent for the quarter and ended 2018 growing 5.6 percent over 2017. Asus shipments sank 10.7 percent to 4.211 million, while its market share declined to 6.1 percent from 6.6 percent.
  • Second fast radio burst detected in space

    Second fast radio burst detected in space

    Stairs said that with CHIME, "mapping the entire northern hemisphere every day, we're bound to find more repeaters over time". Though researchers have been able to track down the area of origin for at least one FRB, it's usually hard to study one.
    Thomas first female on-field NFL playoff game official

    Thomas first female on-field NFL playoff game official

    According to ABC 13 , Thomas made history back in 2015 after becoming the first female to be a full-time official for the NFL . Thomas was the down judge in Sunday's divisional round game between the New England Patriots and Los Angeles Chargers .
    Two Britons injured in fatal bus crash in Cuba

    Two Britons injured in fatal bus crash in Cuba

    Past year in all of Cuba there were over 11,000 auto accidents on their poorly-conditioned highways. Five others are in a critical condition following the accident in the east on Thursday afternoon.
  • Have Celtics underachieved at halfway mark? More on Morris-Brown beef

    Have Celtics underachieved at halfway mark? More on Morris-Brown beef

    The Celtics have won seven out of 10 and are 25-16, but that still falls below the lofty expectations they had before the season. These are a lot of things that I don't think that some of my teammates have faced of just every single day.
    USA  bus driver rescues abandoned toddler wandering on street

    USA bus driver rescues abandoned toddler wandering on street

    A Milwaukee bus driver went above the call of duty when she stopped to save an unlikely would-be passenger: a toddler. Police said the baby's mother had left her outside while suffering from a mental health issue.
    Trump Says He Didn’t Know Manafort Gave Polling Data To Russian Associate

    Trump Says He Didn’t Know Manafort Gave Polling Data To Russian Associate

    He said that agreement would be a "conspiracy", whether or not the Trump campaign actually got anything of value from the Russians.
  • Kuchar extends lead at Sony Open

    Kuchar extends lead at Sony Open

    Kuchar ended a four-year drought by winning the Mayakoba Classic in Mexico last fall, and there are a few similarities. Love is not playing next week on the Big Island because he is playing the Singapore Open. "Still played a good round".
    New 'Resident Evil 2' Remake Trailer Brings Hunk and Tofu Center Stage

    New 'Resident Evil 2' Remake Trailer Brings Hunk and Tofu Center Stage

    With the PC version of the game hitting Steam, here's what you need to know before downloading the demo. It was recently revealed that the Resident Evil 2 Remake demo has an interesting gimmick attached.
    ESPN Releases Final Prediction For Cowboys-Rams

    ESPN Releases Final Prediction For Cowboys-Rams

    Kansas City's Butker suffers a minor injury and that forces Dustin Colquitt to come in and nail a 46-yard field goal. It's an unnatural thing to be the No. 1, the favorite, the all-eyes-on-us team.

We'll devastate Turkey economically if they 'hit Kurds' We'll devastate Turkey economically if they 'hit Kurds' A defeat of the militants in the enclave would wipe out Islamic State's territorial foothold on the eastern bank of the Euphrates River.

Oakland A's Desperately Trying To Dissuade Kyler Murray From Entering NFL Draft Oakland A's Desperately Trying To Dissuade Kyler Murray From Entering NFL Draft According to USA Today's Bob Nightengale, the team will meet with Murray today to try and convince him to choose baseball. The Oklahoma quarterback has until Monday to declare for the National Football League draft or stick with baseball.

Graham says Trump isn't giving in on border wall Graham says Trump isn't giving in on border wall The California Democrat opposes spending money on what she calls an "ineffective, wasteful wall" along the USA southern border. He again sought to blame Democrats , who he said were "everywhere but Washington as people await their pay".

Manny Pacquiao's translator goes on X-rated rant against Adrien Broner Manny Pacquiao's translator goes on X-rated rant against Adrien Broner Pacquiao looked good in his brief in-ring workout Wednesday, pounding Roach's ribcage while working the mitts. Pacquiao, on the other hand, is set to face Broner on January 20 at the MGM Grand in Las Vegas.

Wisconsin kidnapping, killing suspect lived under the radar Wisconsin kidnapping, killing suspect lived under the radar Less than 15 minutes later, Jake Patterson, 21, was in custody after police pulled over his vehicle, based on Closs' description. The 13-year-old's parents-Denise Closs, 46, and James Closs, 56-were found murdered in their Wisconsin home on October 15.

Mortal Kombat Animated Movie Reportedly In Development Mortal Kombat Animated Movie Reportedly In Development Should this project find favor with the fanbase, I'm guessing it'll finally gloss over Mortal Kombat: The Journey Begins. The report also revealed a new character named Geras, who will also reportedly get the video package treatment as well .

Injured Andy Murray says Australian Open could be his last tournament Injured Andy Murray says Australian Open could be his last tournament Murray is in Federer's half, but even he concedes he's unlikely to get past No. 22-seeded Roberto Bautista Agut on Monday night. After surgery, after months without competing, having trouble practising, of course there are always issues when you come back.

AT&T, T-Mobile And Verizon Vow To Stop Selling Location Data 01/14/2019 AT&T, T-Mobile And Verizon Vow To Stop Selling Location Data 01/14/2019 The firm received the data from a location "aggregator" called Zumigo , which had in turn purchased it directly from T-Mobile. Thanks to the sale of this data, the location of nearly any smartphone can be found using just the user's phone number.

Flu widespread nationwide, but cases down this year in Florida — CDC Flu widespread nationwide, but cases down this year in Florida — CDC Now, doctors say there are certain risk factors that can make it more likely for someone to develop complications from the flu. Specifically, influenza-like illnesses (ILI) this week peaked at 3.5 percent, whereas last year's ILI peaked at 7.5 percent.

Marcus Peters Smacked Amari Cooper in Face After Cowboys-Rams Game Marcus Peters Smacked Amari Cooper in Face After Cowboys-Rams Game The Rams now must wait to see who they'll face next weekend in the NFC Championship Game. Prescott added the Cowboys' final TD on a 1-yard run with 2:11 remaining.

Brexit: SNP will seek to revoke Article 50 after deal is defeated Brexit: SNP will seek to revoke Article 50 after deal is defeated He has since become a vocal critic of the Government's Brexit plans, urging ministers to take a tougher stance in divorce talks. Ian Blackford said MPs must take control of the Brexit process and ensure a no-deal outcome is avoided.

Democrats Throw up their Hands in Frustration as AOC Rages On Democrats Throw up their Hands in Frustration as AOC Rages On Cortez means well, but there's nearly an outstanding rule: Don't attack your own people". A spokesman for Ocasio-Cortez said he's looking into the matter but declined to comment.

Former HUD secretary Castro launches presidential campaign Former HUD secretary Castro launches presidential campaign He was mayor of San Antonio from 2009 to 2014 - the youngest mayor of a top-50 American city. Perhaps more disturbing for Castro are the Lone Star rumblings that former U.S.

R. Kelly denies all sexual misconduct allegations R. Kelly denies all sexual misconduct allegations Cook County State's Attorney Kim Fox earlier this week called on victims to share their stories with police and prosecutors. Lifetime is part of A&E Networks, which is a joint venture between Hearst Communications and Walt Disney Co.

Apple addresses 2018 iPad Pro ‘Bend’ controversy with new support page Apple addresses 2018 iPad Pro ‘Bend’ controversy with new support page The iPad Pro uses a new manufacturing processes that injects plastic into milled channels in the aluminum enclosure. He'd also said the levels shouldn't change during normal use and don't affect the function of the device.