Category: Market Update

ALPHA Market Update 13 July 2018


Market Update     United States Trump has criticised UK PM Theresa May’s Brexit strategy, saying “If they do a deal like that, we would be dealing with the European Union instead of dealing with the UK, so it will probably kill a US-British trade deal”. Yesterday’s U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady build-up of inflation pressures that could keep the...

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ALPHA Market Update 12 July 2018


Market Update   United States Most U.S. businesses operating in China oppose the use of tariffs in retaliation for the challenges they face, from an uneven playing field to poor protection of intellectual property rights, as 69% of the 434 respondents to the annual China Business Climate Survey of the American Chamber of Commerce in Shanghai opposed tariffs, while just 8.5% backed them, the body said. Federal Reserve officials...

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ALPHA Market Update 11 July 2018


Market Update   United States The US-China trade war escalated overnight when US President Donald Trump announced new 10% tariffs on $200 billion worth of Chinese goods, in a move that is expected to provoke a response from Beijing. The new tariffs will have a two-month review before implementation, the US administration said. The $200 billion far exceeds the total value of goods China imports from the United States, which...

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ALPHA Market Update 10 July 2018


Market Update   United States Trump nominated Brett Kavanaugh for the U.S. Supreme Court on Monday as he aimed to entrench its conservative control for years to come, but the federal appeals court judge faces a tough confirmation fight in the bitterly divided Senate. While some Democrats promised a stern effort to block the 53-year-old Kavanaugh - who has served 12 years on the most influential U.S. appeals court - Trump’s...

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ALPHA Market Update 09 July 2018


Market Update   United States Friday’s non-farm payroll data surpassed expectations of 200k to hit 213k although the unemployment rate rose to 4%. Average hourly earnings MoM and YoY both fell short by 0.1% at 0.2% and 2.7% respectively. After the report, the Dow opened lower while the S&P 500 was flat and GBPUSD initially climbed around 50 pips before continuing into the close and this morning’s open. China will...

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ALPHA Market Update 05 July 2018


Market Update   United States The Trump administration’s tariffs on $34 billion (25.7 billion pounds) of Chinese imports are due to go into effect at 0401 GMT on Friday, which is just after midday in Beijing. China has warned the US is “opening fire” on the world with its threatened tariffs, saying no one wants a trade war but it will respond the instant U.S. measures go into effect as Beijing ramped up the rhetoric in the...

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ALPHA Market Update 04 July 2018


Market Update   United States Washington has said it would implement tariffs on $34 billion of Chinese imports on July 6, and Beijing has vowed to retaliate in kind on the same day. However, the 12-hour time difference puts Beijing ahead in terms of actually implementing the tariffs. “Our measures are equal and being equal means that if the U.S. starts on July 6, we start on July 6,” the source told Reuters, who requested...

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ALPHA Market Update 03 July 2018


Market Update   United States The U.S. government has moved to block China Mobile from offering services to the U.S. telecommunications market, recommending its application be rejected because the firm posed national security risks. The Federal Communications Commission (FCC) should deny the state-owned China Mobile’s 2011 application to offer telecommunication services between the United States and other countries, the...

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ALPHA Market Update 02 July 2018


Market Update   United States Overnight, President Trump launched a fresh attack on the EU claiming it treated the US very badly and was “possibly as bad as China, just smaller”. Speaking on Fox News, the US president declared “Look what they do to our farmers; they don’t want our farm products. In all fairness they have their farmers so they want to protect their farmers. But we don’t protect ours and they protect...

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ALPHA Market Update 29 June 2018


Market Update   United States USD is trading up 0.15% at 110.60 against the Japanese Yen that has weakened massively against Euro after the European summit making a deal on migration overnight. The U.S. economy slowed more than previously estimated in the first quarter amid the weakest performance in consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labour market...

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