US officials debate lifting tariffs on China to get a trade deal WSJTreasury Secretary Steven Mnuchin was considering a proposal to lift some or all U.S. tariffs on Chinese goods in a bid to push trade talks between the U.S. and China further along sources tell the newspaper.Shares spiked when the news broke with the Dow Jones Industrial Average rising 1 percent before settling back.Both countries have slapped tariffs on each others goods in an escalating trade dispute.U.S. officials are reportedly debating lifting tariffs on [read more]

DJIA On 3rd Day Win Streak

What drove the marketStocks extended their win streak to three days Thursday after The Wall Street Journal reported that the Trump administration was debating whether to ease tariffs on Chinese imports in a bid to calm markets and ease tensions with Beijing. U.S. officials are considering lifting some tariffs on Chinese products in an effort to elicit more concessions from China for a bilateral trade deal and to stabilize the financial markets the Journal reported.Market was focusing on Q4 earning reportsfor banking industry performance after Morgan Stanley announced earnings and revenue that fell [read more]

Theresa May Lost Big On BREXIT Parliament's Vote, Here Is What Next For UK

Theresa May lost big on her Brexit deal vote heres what could happen nowU.K. leader Theresa May has seen her Brexit withdrawal deal with Europe rejected by the U.K. Parliament.The 230 vote defeat is thought to be the largest in U.K. political history.Sterling initially fell before rising following Mays stunning defeat.Defeat for the U.K. government over its proposed Brexit deal has thrown the country into yet more political uncertainty.U.K. Prime Minister Theresa May had placed a motion before lawmakers in the lower house of Parliament [read more]

S&P And NASDAQ Closed Above Major Psychological Level

What drove the marketU.S. stocks snapped a twosession skid Tuesday with the S&P 500 and the Nasdaq finishing above psychologically important levels for the first time in a month as a robust tech rally offset lackluster results from major U.S. banks including Dowcomponent JPMorgan Chase & Co. earnings report which showed the financial behemoth delivering results that fell below analysts estimates for both profit and revenue. The tepid earnings come on the heels of Citigroups weakerthanexpected results which were fueled by a poor showing in fixedincome and currency trading and may raise concerns [read more]

Crucial Day For BREXIT: This Is What Will Happen When MPs Arrive At Parliament

Its the day of reckoning in Westminster as MPs prepare to vote on whether to accept or reject Theresa Mays Brexit deal.In a day likely to be filled with political jargon positioning and spin Sky News takes you clearly through how the runup to the meaningful vote will unfold.First its Mays sitdown with her cabinet from around 9amWell before MPs arrive in parliament Mrs May will chair the weekly Tuesday meeting of her cabinet.Here all of her most senior ministers will assemble to discuss issues [read more]

US Stock Closed Lower Monday On Slowing China Trade Data Underscored Global Economic

What drove the marketU.S. stocks closed lower Monday as weakerthanexpected China trade data sparked fresh fears of a global economic slowdown. Stocks took a hit after data showed Chinas trade growth slowing which underscored worries of the global economic engine losing steam. And Chinas trade surplus with the U.S. soared to a record of $323.32 billion in 2018 even as the two countries continue to try to resolve their trade conflict.Corporate results were also in the spotlight as fourthquarter earnings season got under way.A new earnings [read more]

The Factor Gold Investors Need To Know For Long Term Investment

SummaryGolds fear factor and currency components remain positives for gold.An enticing prospect is the potential for a China stock market rebound.This would assure the longerterm strength of golds turnaround.Two of golds most important drivers namely the fear factor and the currency component. With both factors in golds favor in recent weeks the nearterm outlook for gold has been positive for a while now. But theres another factor which is often overlooked by investors and it also carries a potentially bullish implication [read more]

Different Of $10 Between WTI And Brent Crude Oil Price

Oil prices edged up on Monday supported by ongoing supply cuts from producer club OPEC and Russia and by a drop in U.S. drilling activity.International Brent crude oil futures were at $60.75 per barrel at 0040 GMT up 27 cents or 0.5 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were up 22 cents or 0.4 percent at $51.81 a barrel.Economic research firm TS Lombard said oil prices are likely to stabilize around current levels and quite possibly [read more]

The Week Ahead 14-18 Jan 2019

It is a busy week as US earnings season kicks off with the usual round of updates from the big US banks. This come as the market managed to eke out gains for the second week in a row. Both the S&P 500 and Dow were more than 2% higher while the techheavy Nasdaq rose more than 3% to cap off the week.Earnings season is back. Investors can expect a busy week of big bank earnings with Citigroup (C) kicking things off before the bell on Monday. Media behemoth Netflix (NFLX) [read more]

Oil Price Rise For 10th Straight Days

Crude prices gained modestly Friday helped by a weaker dollar putting the U.S. benchmark on track for a 10day winning streak that would be its longest since December 2016.A move higher in the last few minutes of trading on Thursday allowed oil futures to notch a ninth straight session of gains the longest winning streak in about nine years for the U.S. benchmark and in more than 11 years for global crude prices.The market gained after Federal Reserve Chairman Jerome Powell stressed again Thursday that the central bank is flexible and [read more]