Dow's recovery helps shore up markets around the world

LONDON – Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data.

KEEPING SCORE: In Europe, stock markets made up around half of Thursday’s losses in morning trading. Germany’s DAX climbed 0.5 per cent to 10,867 while the CAC 40 in France advanced 1.3 per cent to 4,841. Britain’s FTSE 100 jumped 1.3 per cent to 6,790. U.S. stocks were poised for retreat after recovering from lows on Thursday — Dow futures and the broader S&P 500 futures were both 0.5 per cent lower.

THE DAY IN ASIA: Japan’s benchmark Nikkei 225 added 0.8 per cent to 21,678.68, and Australia’s S&P/ASX 200 gained 0.4 per cent to 5,681.50. South Korea’s Kospi rose 0.3 per cent to 2,075.76. Hong Kong’s Hang Seng gave up 0.3 per cent to 26,063.76, while the Shanghai Composite was flat at 2,605.89. Shares rose in India, Taiwan and Southeast Asia.

ANALYST TAKE: “European and Asian markets have taken heart from a robust rebound last night in the U.S. that saw the Dow Jones claw back a whopping 700 points from the lows,” said Chris Beauchamp, chief market analyst at IG.

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Dow's recovery helps shore up markets around the world

LONDON – Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data.

KEEPING SCORE: In Europe, stock markets made up around half of Thursday’s losses in morning trading. Germany’s DAX climbed 0.5 per cent to 10,867 while the CAC 40 in France advanced 1.3 per cent to 4,841. Britain’s FTSE 100 jumped 1.3 per cent to 6,790. U.S. stocks were poised for retreat after recovering from lows on Thursday — Dow futures and the broader S&P 500 futures were both 0.5 per cent lower.

THE DAY IN ASIA: Japan’s benchmark Nikkei 225 added 0.8 per cent to 21,678.68, and Australia’s S&P/ASX 200 gained 0.4 per cent to 5,681.50. South Korea’s Kospi rose 0.3 per cent to 2,075.76. Hong Kong’s Hang Seng gave up 0.3 per cent to 26,063.76, while the Shanghai Composite was flat at 2,605.89. Shares rose in India, Taiwan and Southeast Asia.

ANALYST TAKE: “European and Asian markets have taken heart from a robust rebound last night in the U.S. that saw the Dow Jones claw back a whopping 700 points from the lows,” said Chris Beauchamp, chief market analyst at IG.

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Dow's recovery helps shore up markets around the world

LONDON – Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data.

KEEPING SCORE: In Europe, stock markets made up around half of Thursday’s losses in morning trading. Germany’s DAX climbed 0.5 per cent to 10,867 while the CAC 40 in France advanced 1.3 per cent to 4,841. Britain’s FTSE 100 jumped 1.3 per cent to 6,790. U.S. stocks were poised for retreat after recovering from lows on Thursday — Dow futures and the broader S&P 500 futures were both 0.5 per cent lower.

THE DAY IN ASIA: Japan’s benchmark Nikkei 225 added 0.8 per cent to 21,678.68, and Australia’s S&P/ASX 200 gained 0.4 per cent to 5,681.50. South Korea’s Kospi rose 0.3 per cent to 2,075.76. Hong Kong’s Hang Seng gave up 0.3 per cent to 26,063.76, while the Shanghai Composite was flat at 2,605.89. Shares rose in India, Taiwan and Southeast Asia.

ANALYST TAKE: “European and Asian markets have taken heart from a robust rebound last night in the U.S. that saw the Dow Jones claw back a whopping 700 points from the lows,” said Chris Beauchamp, chief market analyst at IG.

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A visitor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Dec. 7, 2018. Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. (AP Photo/Yam G-Jun)

A visitor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Dec. 7, 2018. Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. (AP Photo/Yam G-Jun)

LONDON – Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data.

KEEPING SCORE: In Europe, stock markets made up around half of Thursday’s losses in morning trading. Germany’s DAX climbed 0.5 per cent to 10,867 while the CAC 40 in France advanced 1.3 per cent to 4,841. Britain’s FTSE 100 jumped 1.3 per cent to 6,790. U.S. stocks were poised for retreat after recovering from lows on Thursday — Dow futures and the broader S&P 500 futures were both 0.5 per cent lower.

THE DAY IN ASIA: Japan’s benchmark Nikkei 225 added 0.8 per cent to 21,678.68, and Australia’s S&P/ASX 200 gained 0.4 per cent to 5,681.50. South Korea’s Kospi rose 0.3 per cent to 2,075.76. Hong Kong’s Hang Seng gave up 0.3 per cent to 26,063.76, while the Shanghai Composite was flat at 2,605.89. Shares rose in India, Taiwan and Southeast Asia.

ANALYST TAKE: “European and Asian markets have taken heart from a robust rebound last night in the U.S. that saw the Dow Jones claw back a whopping 700 points from the lows,” said Chris Beauchamp, chief market analyst at IG.

TRADE WATCH: Despite skepticism over the trade truce Presidents Donald Trump and Xi Jinping reached last weekend in Buenos Aires, Argentina, Beijing has signalled it intends to go ahead with talks meant to resolve the dispute. The arrest of Meng Wanzhou, chief financial officer of telecoms network supplier Huawei Technologies, has driven home why it will be so hard for the Trump administration to repair its deepening conflict with China. The U.S. Commerce Department reported Thursday that the gap between what the U.S. sells and what it buys from foreign countries hit $55.5 billion in October while the touchy deficit with China rose 7.1 per cent from a year earlier to a record $43.1 billion.

PAYROLLS: How markets end the week could hinge on the upcoming U.S. nonfarm payrolls report for November. Economists have forecast that Friday’s figures will show that employers added a healthy 195,000 jobs last month and that the unemployment rate stayed at a five-decade low of 3.7 per cent. Most economists think growth will remain brisk despite the rampant worries of stock market investors. Still, analysts expect the economy and hiring to likely weaken somewhat in the coming months.

ENERGY: U.S. benchmark crude rose 28 cents to $51.86 a barrel in electronic trading on the New York Mercantile Exchange while Brent crude, used to price international oils, rose 77 cents to $60.83.

CURRENCIES: The euro was down 0.1 per cent at $1.1387 while the dollar rose 0.2 per cent to 112.84 yen.

A visitor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Dec. 7, 2018. Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. (AP Photo/Yam G-Jun)

A visitor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Dec. 7, 2018. Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. (AP Photo/Yam G-Jun)

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Dow's recovery helps shore up markets around the world

LONDON – Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data.

KEEPING SCORE: In Europe, stock markets made up around half of Thursday’s losses in morning trading. Germany’s DAX climbed 0.5 per cent to 10,867 while the CAC 40 in France advanced 1.3 per cent to 4,841. Britain’s FTSE 100 jumped 1.3 per cent to 6,790. U.S. stocks were poised for retreat after recovering from lows on Thursday — Dow futures and the broader S&P 500 futures were both 0.5 per cent lower.

THE DAY IN ASIA: Japan’s benchmark Nikkei 225 added 0.8 per cent to 21,678.68, and Australia’s S&P/ASX 200 gained 0.4 per cent to 5,681.50. South Korea’s Kospi rose 0.3 per cent to 2,075.76. Hong Kong’s Hang Seng gave up 0.3 per cent to 26,063.76, while the Shanghai Composite was flat at 2,605.89. Shares rose in India, Taiwan and Southeast Asia.

ANALYST TAKE: “European and Asian markets have taken heart from a robust rebound last night in the U.S. that saw the Dow Jones claw back a whopping 700 points from the lows,” said Chris Beauchamp, chief market analyst at IG.

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Dow’s recovery helps shore up markets around the world

Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. Attention was turning toward upcoming U.S. jobs data.

KEEPING SCORE: In Europe, stock markets made up around half of Thursday’s losses in morning trading. Germany’s DAX climbed 0.5 percent to 10,867 while the CAC 40 in France advanced 1.3 percent to 4,841. Britain’s FTSE 100 jumped 1.3 percent to 6,790. U.S. stocks were poised for retreat after recovering from lows on Thursday — Dow futures and the broader S&P 500 futures were both 0.5 percent lower.

THE DAY IN ASIA: Japan’s benchmark Nikkei 225 added 0.8 percent to 21,678.68, and Australia’s S&P/ASX 200 gained 0.4 percent to 5,681.50. South Korea’s Kospi rose 0.3 percent to 2,075.76. Hong Kong’s Hang Seng gave up 0.3 percent to 26,063.76, while the Shanghai Composite was flat at 2,605.89. Shares rose in India, Taiwan and Southeast Asia.

ANALYST TAKE: “European and Asian markets have taken heart from a robust rebound last night in the U.S. that saw the Dow Jones claw back a whopping 700 points from the lows,” said Chris Beauchamp, chief market analyst at IG.

TRADE WATCH: Despite skepticism over the trade truce Presidents Donald Trump and Xi Jinping reached last weekend in Buenos Aires, Argentina, Beijing has signaled it intends to go ahead with talks meant to resolve the dispute. The arrest of Meng Wanzhou, chief financial officer of telecoms network supplier Huawei Technologies, has driven home why it will be so hard for the Trump administration to repair its deepening conflict with China. The U.S. Commerce Department reported Thursday that the gap between what the U.S. sells and what it buys from foreign countries hit $55.5 billion in October while the touchy deficit with China rose 7.1 percent from a

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Exclusive Group leverages its global expertise to Enhances its Growth in North America.

Exclusive Group leverages its global expertise to Enhances its Growth in North America. – Business News Today – EIN News

Trusted News Since 1995

A service for global professionals · Friday, December 7, 2018 · 470,490,091 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools News Topics Newsletters Press Releases Events & Conferences RSS Feeds Other Services Questions?

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Dow Drops 605 Points Because the Trade War Isn't the Half of it

Illustration by Michael Haddad

Pressure Pushing Down on Me. Markets were closed Wednesday for a national day of mourning, but investors were thrown back into the maelstrom on Thursday, as stocks continued their Tuesday losses. All three indexes were deep in the red, hurt by an array of worries. In today’s Intraday Update, we…

…explain why Huawei Technologies is haunting the market; …talk Treasuries once more; …see what’s boosting Barrick Gold .

It’s the Terror of Knowing What the World Is About

It’s another bloody day for stocks, with problems popping up everywhere: Markets are grappling with another tech rout, slumping oil prices, narrowing Treasury yields, and the arrest of the chief financial officer of Chinese smartphone maker Huawei in Canada, at the U.S.’s request.

Register for Our Webinar
on Economic Uncertainty

Join us on Dec. 8 for a live conversation about economic uncertainly and where we go from here. We’ll discuss a range of issues—the trade war, oil prices, Brexit—and we’ll answer questions from listeners.

The Dow Jones Industrial Average is down 605 points, or 2.4%, while the S&P 500 is 2.1% lower and the Nasdaq Composite is off 1.3%.

Huawei’s Meng Wanzhou was arrested for allegedly breaching Iran sanctions, and China has criticized both countries for detaining her. Of course, the bigger worry is what this means for tariffs. The last thing investors want to see is another point of contention between the U.S. and China, which are still far from a trade agreement.

“The timing of the arrest is key here,” writes London Capital Group’s Jasper Lawler. Markets were already beset by nerves about slowing economic growth and an inverted U.S. yield curve, and the euphoria from the G20 summit didn’t last. Thus,

Read More Here...

Dow Drops 605 Points Because the Trade War Isn't the Half of it

Illustration by Michael Haddad

Pressure Pushing Down on Me. Markets were closed Wednesday for a national day of mourning, but investors were thrown back into the maelstrom on Thursday, as stocks continued their Tuesday losses. All three indexes were deep in the red, hurt by an array of worries. In today’s Intraday Update, we…

…explain why Huawei Technologies is haunting the market; …talk Treasuries once more; …see what’s boosting Barrick Gold .

It’s the Terror of Knowing What the World Is About

It’s another bloody day for stocks, with problems popping up everywhere: Markets are grappling with another tech rout, slumping oil prices, narrowing Treasury yields, and the arrest of the chief financial officer of Chinese smartphone maker Huawei in Canada, at the U.S.’s request.

Register for Our Webinar
on Economic Uncertainty

Join us on Dec. 8 for a live conversation about economic uncertainly and where we go from here. We’ll discuss a range of issues—the trade war, oil prices, Brexit—and we’ll answer questions from listeners.

The Dow Jones Industrial Average is down 605 points, or 2.4%, while the S&P 500 is 2.1% lower and the Nasdaq Composite is off 1.3%.

Huawei’s Meng Wanzhou was arrested for allegedly breaching Iran sanctions, and China has criticized both countries for detaining her. Of course, the bigger worry is what this means for tariffs. The last thing investors want to see is another point of contention between the U.S. and China, which are still far from a trade agreement.

“The timing of the arrest is key here,” writes London Capital Group’s Jasper Lawler. Markets were already beset by nerves about slowing economic growth and an inverted U.S. yield curve, and the euphoria from the G20 summit didn’t last. Thus,

Read More Here...

Stocks Stage Recovery After Dow Drops Over 700 Points

169 Comments By Jessica Menton Updated Dec. 6, 2018 5:17 p.m. ET

The Dow Jones Industrial Average tumbled as much as 785 points Thursday before sharply paring those losses in the final hour of the session, showcasing the volatility that has rocked markets since the start of the fourth quarter.

Major indexes opened modestly lower and continued falling throughout the morning as the arrest of a top Chinese technology executive and a decline in oil prices exacerbated recent concerns about global growth.

But stocks pared their declines after The Wall Street Journal reported Federal Reserve officials are considering whether to signal a new wait-and-see mentality at their meeting in December that could slow down the pace of rate increases next year.

“Today has been one of the craziest trading days of the year,” said Mark Esposito, founder and chief executive of Esposito Securities. “If the Fed eases off raising rates, then the concern about a recession falters and goes away.”

The blue-chip index fell 79.40 points, or 0.3%, to 24947.67, and the S&P 500 lost 4.11 points, or 0.2%, to 2695.95. Both indexes are modestly higher for the year, after briefly sliding back into the red for 2018 earlier in the day.

Related Fed Weighs Wait-and-See Approach on Future Rate Increases

The Nasdaq Composite added 29.83 points, or 0.4%, to 7188.26, bringing the technology-heavy index’s gains for 2018 to 4.1%.

Fed officials still think the broad direction of short-term interest rates will be higher in 2019, the Journal reported, pointing to recent interviews and public statements. But as they push up their benchmark, they are becoming

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S&P 500, Dow slip on trade worries, but end off of lows

Traders work on the floor of the New York Stock Exchange October 3, 2018. — Reuters pic Traders work on the floor of the New York Stock Exchange October 3, 2018. — Reuters pic

NEW YORK, Dec 7 — The S&P 500 and Dow industrials ended slightly negative but well above their session lows in volatile trading yesterday as the arrest of a Chinese technology executive fanned fears of US-China tensions over trade, while some beaten-up big technology and internet shares posted gains.

Following a rare midweek US trading holiday, stocks tumbled at the outset of the trading, with the benchmark S&P 500 dropping as much as 2.9 percent. But from midday stocks began paring their losses and the tech-heavy Nasdaq ended in positive territory.

“The market had gotten way oversold,” said Gary Bradshaw, senior vice president and portfolio manager at Hodges Capital Management in Dallas. “Investors looked up and saw they could buy good companies at much cheaper valuations than they could a couple of months ago.”

The initial selling followed news that the chief financial officer of telecom equipment maker Huawei Technologies had been arrested in Canada and faced extradition to the United States.

The arrest came as investor enthusiasm had already faded following a truce reached over the weekend in talks between the United States and China, which had prompted some hope about resolving differences over trade that have clouded the stock market’s outlook this year.

“You have got the news overnight of the arrest of the CFO of Huawei that I think is throwing a real monkey wrench into the positive optimism that surrounded the weekend meeting,” said Katie Nixon, chief investment officer for the wealth management division of Northern Trust in Chicago.

Stocks seemed to gain further support from a report in the Wall Street Journal that Federal Reserve officials are considering whether to signal a new wait-and-see mentality after a likely interest-rate increase at their meeting in December.

The Dow Jones Industrial Average fell 79.4 points, or 0.32 per cent, to 24,947.67, the S&P 500 lost 4.11 points, or 0.15 per cent, to 2,695.95 and the Nasdaq Composite added 29.83 points, or 0.42 per cent, to 7,188.26.

Aside from trade, concerns over bond yields and interest rates have pressured the stock market in recent days.

US Treasury yields fell yesterday, with 10-year yields hitting three-month lows, as traders scaled back expectations on the number of rate hikes the Fed would implement amid weakening economic data and market volatility.

Financial shares, which are sensitive to bond yield swings, fell 1.4 per cent.

The energy sector slumped 1.8 per cent and was the worst performing group, as oil fell after Opec and allied exporting countries ended a meeting without announcing a decision to cut crude output.

Losses for the S&P 500 were mitigated by gains for Amazon , Netflix and some of the other technology and internet stocks that have been hit particularly hard during the market’s pullback in recent months.

The major indexes fell more than 3 per cent each on Tuesday. Markets were closed on Wednesday for a day of mourning for former President George HW Bush, who died on Friday.

About 10.5 billion shares changed hands in US exchanges, well above the 7.9 billion daily average over the last 20 sessions.

Declining issues outnumbered advancing ones on the NYSE by a 1.75-to-1 ratio; on Nasdaq, a 1.61-to-1 ratio favoured decliners.

The S&P 500 posted 14 new 52-week highs and 70 new lows; the Nasdaq Composite recorded nine new highs and 376 new lows. — Reuters

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