Gold edges up on US-China tariffs; dollar caps upside
Gold edges up on US-China tariffs; dollar caps upside
ASIA MARKETS: Asian Markets Mixed As Latest U.S.-China Tariffs Take Effect
03 September, 2019, 14:29
The E-mini futures for US S&P500 fell as much as 1.06 per cent in early trade and last stood down 0.39 per cent, while US Treasuries futures prices rose a tad.
Wall Street is expected to reflect the same dour mood when it opens Tuesday after the Labor Day holiday Monday.
Japan's Nikkei slipped 0.2% and Hong Kong's Hang Seng Index retreated 0.4%, as continued pro-democracy protests disrupted airport traffic (link).
Asian equities are also following the lead of USA markets, which closed moderately up on Friday, the last trading day in August but are poised to drop on Tuesday.
Shanghai advanced while Tokyo and Hong Kong declined.
New tariffs on Chinese goods went into effect over the holiday weekend and China said it will sue the USA over the new tariffs through the World Trade Organization. Germany's DAX was 0.1% higher.
The latest round of tariffs that the United States and China imposed on each other went into effect Sunday - a round that came as concerns about slowing global growth are building and fear of recession stalks several major economies.
Asian markets were a mixed bag Monday as the latest round of tariff hikes in the U.S.
Shares at the Shenzhen and Shanghai stock exchanges saw heartening results, with the CSI300 index rising 0.3% despite the escalation by the USA and China of their year-long trade war that shows no signs of easing.
Xiaomi announces Redmi Smart TV, Note 8 and laptop Redmi CEO Lu Weibing has uncovered the brand's first TV, alongside the Redmi Note 8 and Note 8 Pro at an occasion in Beijing. However, Xiaomi VP and MD India, Manu Kumar Jain, recently took to Twitter to confirm a launch date for the two devices.
Britons set to protest against Johnson's Brexit 'coup' Elizabeth II, Queen of the United Kingdom, yesterday signed off on Prime Minister Boris Johnson's request to suspend parliament . The transfer was broadly seen as a method of limiting the time Johnson's opponents should organise in opposition to him.
In early trade, London rose 0.5 percent, with traders bracing for a tough week in Westminster as British Prime Minister Boris Johnson faces opposition from lawmakers across the political spectrum who have vowed legislation blocking a no-deal Brexit.
Negotiators are due to meet this month in Washington but neither side has given any sign it might offer concessions.
The 15% United States duty apply to about $112 billion of consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch.
China responded by charging taxes of 10 percent and 5 percent on a list of American goods. China didn't specify the value of the goods that will pay the higher tariffs, however.
MSCI's All-Country World Index, which tracks shares across 47 countries, was down 0.04% on the day. The contract fell $1.61 on Friday to close at $55.10. -Chinese trade war. Semiconductor exports were the hardest-hit, falling 30.7% from a year ago.
But Chinese stocks were buoyed by a surprise rise in its August factory activity, even though the gains in a private survey were modest and bucked an official reading on Saturday which pointed to a further contraction.
ENERGY: Benchmark U.S. crude lost 74 cents to $54.36 per barrel in electronic trading on the New York Mercantile Exchange.
Oil prices fell on Monday. The euro stood nearly flat at $1.09905, not far from two-year low of $1.0963 hit in USA trade on Friday. Brent crude, used to price global oils, added 1 cent to $58.67 per barrel in London. The dollar dipped slightly against the yen to 106.12 yen. BDO Unibank Inc., the biggest lender in terms of assets, declined 2.7 percent to P145, while Aboitiz Equity Ventures Inc. lost 1.5 percent to P53.10.
Bentley did struggle to the tune of 16-of-30 passing for 152 yards with two fourth quarter interceptions against North Carolina . Bentley has 33 starts for SC after graduating from high school early and winning the job as a true freshman.
The vessel was identified as the Conception , based out of Santa Barbara Harbor, and was on a three-day dive trip to the island. Brian McGrath told the Associated Press the agency has confirmed "some fatalities" but declined to provide a specific number.
The timing of that interception - and the resulting turn northward - is key to whether (and where) Dorian will make US landfall. Bahamian Prime Minister Hubert Minnis said Monday that five people in the Abaco Islands were confirmed dead from the storm.
This suggests that Shami Ahmed can do anything with any common people but he will not get punishment as he is an global cricketer. The functionary in reply said during that time it had more to do with the allegations of fixing made by Hashin in her complaint.
After the successful landing, Chandrayaan 2 will be the first Indian expedition to carry out a soft landing on the lunar surface. The lander will then make a powered descent to the Moon's surface in the unexplored south pole on September 7.
The 27-year-old can fund herself for a while to come given the $280,000 she has pocketed by making the fourth round. Andreescu, meanwhile, continued to make serene progress on her first Flushing Meadows main draw appearance.
The Hoops also saved some money by sending Ewan Henderson to Ross County and Jack Aitchison to Forest Green Rovers . Former Hibs striker Jason Cummings has signed for Shrewsbury Town after months of speculation over his future.
Burnley vs. Liverpool - Football Match Report
Jannik Vestergaard's first EPL goal gave 10-man Southampton a home draw with Manchester United . A touch of fortune and a defensive error helped Liverpool ease to a 13th straight win.
Download the Samsung Galaxy A90 5G wallpapers here!
The Samsung Galaxy A90 5G will be revealed very soon and it will be the highest offering in the mid-range Galaxy A lineup. Then again, since neither Qualcomm nor Samsung have mid-range chips with 5G capabilities, it's the only one they can use.
Cars Destroyed In Cork Shopping Centre Fire
In a Facebook post, the Douglas Village Shopping Centre said: "We are now dealing with a serious incident at Douglas Village. It posted images on Sunday morning that showed the scale of the damage, with a row of cars reduced to charred shells.