Category: Trading News

Trading News

China and the US are trading blame as tariff threats loom – Business Insider

China and the US are trading blame as tariff threats loom  Business Insider

– Progress toward a trade deal stalled last month after the US said China reneged on major commitments. – Tensions between Beijing and Washington have steadily risen since then. – That has left some bracing for the possibility that tariffs could remain in place for a prolonged period of time and be expanded to a broader range of products. Tensions between Beijing and Washington have steadily risen since a breakdown in negotiations in May, dimming hopes for a detente between the largest economies as they remained mired in an escalating trade war. That has left some bracing for the possibilit…

Trading News

Nasdaq drops more than 1%, enters correction territory as regulation fears batter big tech – CNBC

Nasdaq drops more than 1%, enters correction territory as regulation fears batter big tech  CNBC

Tech stocks fell on Monday, June’s first day of trading, amid reports that the U.S. government is planning to target a host of big companies in the industry with antitrust and business practice probes. Shares of Alphabet, Amazon, Facebook and Apple all weighed on the market during Monday’s session. The Nasdaq Composite dropped 1.6% to enter correction territory, closing more than 10% below its record high set in late April at 7,333.02. The S&P 500 slid 0.3% to 2,744.45 while the Dow Jones Industrial Average ended the day just above breakeven at 24,819.78. Alphabet shares pulled back 6.1% af…

Trading News

Top intraday trading ideas for afternoon trade for Monday 3 June 2019 – Economic Times

Top intraday trading ideas for afternoon trade for Monday 3 June 2019  Economic Times

NEW DELHI: Equity benchmarks Sensex and Nifty were trading higher in Monday’s session on account of buying in frontline bluechip counters. ETMarkets.com collated a list of trading ideas from various experts and here’s what they had recommended for today’s afternoon trade: Manas Jaiswal of manasjaiswal.com Hero MotoCorp is a ‘Buy’ call with a target price of Rs 2950 and a stop loss of Rs 2740. CESC is a ‘Buy’ call with a target price of Rs 790 and a stop loss of Rs 745. Jubilant Foods is a ‘Buy’ call with a target price of Rs 1400 and a stop loss of Rs 1325. Kunal Bothra independent market e…

Trading News

Trump’s stunning decision to escalate trade wars with China and Mexico signals a turning point for U.S. policy – The Washington Post

Trump’s stunning decision to escalate trade wars with China and Mexico signals a turning point for U.S. policy  The Washington Post

President Trump on May 31 threatened to impose tariffs on Mexican imports. The Post’s Nick Miroff explains the significance. (REF:AkhtarM/The Washington Post) President Trump’s plan to slap new tariffs on Mexican imports, weeks after escalating his trade war with China, leaves the United States fighting a multi-front campaign that threatens more instability for manufacturers, consumers and the global economy. The president’s bombshell announcement that he would impose 5 percent tariffs on Mexican imports, with the possibility of raising them to 25 percent if Mexico does not stop migrants fr…