Australian Asia Pacific Shares Lower On Escalating US-China Trade Tensions

Asian shares decline after an escalation in USChina trade tensions as oil extends lossesAsian markets fell on Monday as investors digested U.S.China trade tensions.The U.S. said it will impose tariffs on $34 billion in Chinese goods beginning July 6. China quickly announced its retaliation.Oil prices extended losses amid trade jitters and ahead of OPECs meeting later this week.Major Asian markets fell on Monday as investors digested the escalation in trade tensions between the U.S. and China after both countries announced [read more]

Dollar Mostly Firm As Fed Sees More Rate Hikes

Dollar mostly firmer as Fed sees more U.S. rate hikesNEW YORK (Reuters) The dollar ended steady to modestly higher on Wednesday hitting a threeweek high against the yen as Federal Reserve officials saw the likelihood of two more interest rate increases for a total of four in 2018 based on a solid economic outlook.The greenbacks bounce tied to the Feds perceived hawkish stance faded as traders booked profits in advance of the European Central Banks meeting on Thursday where policymakers may [read more]

Gold Trades Higher On Rate Hike But Settle Under $1,300

Gold settles higher then falls back under $1300 after Fed lifts key interest rateGold prices settled with a modest gain on Wednesday then fell back under the $1300anounce level in electronic trading as a benchmark U.S. dollar index headed higher in the wake of the U.S. Federal Reserves decision to lift a key interest rate.The Fed statement is more hawkish reflecting the apparent signal of an additional rate increase in 2018 said Rob Haworth senior investment strategist at U.S. Bank Wealth Management so higher rates [read more]

Cramer On Fed Rate Hike: 'Owning Stocks Just Got Harder,' But That's No Reason To Panic

Cramer on Fed rate hike Owning stocks just got harder but thats no reason to panicCNBCs Jim Cramer breaks down what the Federal Reserves Wednesday interest rate hike means for investors.Even though stocks fell in response to the hike the Mad Money host says theres no reason to panic.The Federal Reserves Wednesday interest rate hike the central banks second for 2018 shouldnt stir legitimate worry among investors CNBCs Jim Cramer said Wednesday.As the Dow Jones industrial average fell nearly 120 points after the Fed implemented its quarterpoint [read more]

US Investors Shrugged Off US DPRK Summit, DJIA Closed Lower

Investors largely shrugged off a landmark summit between President Donald Trump and North Korean leader Kim Jong Un Tuesday but fevered afterhours trading commenced in U.S. stocks following a federal judges ruling that AT&T Inc. can proceed with its planned acquisition of Time Warner Inc.Just after the Dow Jones Industrial Average closed down 1.58 points or less than 0.1% at 25320.73 U.S. District Judge Richard Leon announced his decision rejecting the Justice Departments allegations that the deal would suppress competition in the payTV industry. The ruling [read more]

Bitcoin Trying To Establish $6,000 Foundation

Has Bitcoin been building support above $6000Since declining sharply on Sunday the digital currency has fluctuated largely between $6600 and $6900 according to the CoinDesk Bitcoin Price Index (BPI).Over the last few hours the cryptocurrency has moved slightly below that range falling to as little as $6455.92 by 1915 UTC (315 p.m. EST) additional BPI figures show.At the time of report the digital currency had recovered slightly trading at $6555.70.Ed note Investing in cryptocoins or tokens is highly speculative and the [read more]

Fed To Hike Rate On Wednesday, This Is What You Need To Know

The Fed is hiking rates Wednesday but heres what else you need to knowThe Fed is expected to announce a quarterpoint interest rate hike when it wraps up its June meeting Wednesday afternoon but that rate hike is widely anticipated and there are a few other things that could stir up markets more.The Fed could [read more]

No matter what, the Trump-Kim summit looks likely to upend Asia's strategic situation

Tuesdays meeting between President Donald Trump and North Korean leader Kim Jong Un could alter Asias security situation regardless of whether the leaders reach an agreement. First the heart of any potential deal is centered on the definition of denuclearization. Pyongyang has previously said it may only dismantle nuclear weapons if Washington removes its 28500 troops from South Korea [read more]

Trump tells Kim 'we'll have tremendous success together'

U.S. President Donald Trump and North Korean leader Kim Jong Un met facetoface Tuesday morning for their highly anticipated summit. After briefly shaking hands and taking a photo sidebyside the two leaders moved to another room where they sat and made brief statements for the press. Were going [read more]

Trump says he'll know 'within a minute' whether Kim Jong Un is serious about giving up weapons

The Singapore summit between the United States and North Korea is a onetime shot and a mission of peace President Donald Trump said Saturday. Trump and North Korea leader Kim Jong Un are slated to meet in person in Singapore on Monday night ET. The U.S. wants North Korea to give up its nuclear weapons permanently. Trump says hes confidant something positive will happen at the summit. An official deal between the countries is largely unexpected. I feel that Kim [read more]