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Trump targets China cooking oil trade - but sales were already tanking
WASHINGTON/BEIJING, Oct 15 (Reuters) - U.S. President Donald Trump  said he was considering terminating some trade ties  with China , singling out cooking oil, which traders and analysts said would have little impact as such shipments had already plummeted from China over the past year. "I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act. We are considering terminating business with China h
The Team
Oct 151 min read
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Shares up, dollar down as investors renew bets on Fed rate cuts
LONDON, Oct 15 (Reuters) - Stocks globally recovered some of their recent losses on Wednesday after comments by U.S. Federal Reserve Chair Jerome Powell boosted investor hopes of further rate cuts this year, pressuring the dollar. European shares (.STOXX), opens new tab gained 0.6%, with French stocks (.FCHI), opens new tab adding 2.4% as LVMH ( LVMH.PA ), opens new tab shares jumped 12% after the world's largest luxury group reported upbeat earnings, in turn boosting the
The Team
Oct 151 min read
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USD: Powell confirms what's largely priced - MUFG
(LTJ Manager - 15 Oct) The USD has weakened a little further during the Asian trading sessions following selling yesterday, helped by growing optimism in France that PM Lecornu has done enough to avoid defeat in a government no-confidence motion, and more importantly, in response to comments from Fed Chair Powell, who gave a speech on balance sheet policy. In the speech to the National Association for Business Economics, Powell was clear that labor market risks were to the do
The Team
Oct 151 min read
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