El-Erian Says He is Pessimistic About a US-China Trade Deal

Economist Mohamed El-Erian said Monday that he’s becoming more and more pessimistic that the U.S. and China can reach a deal to resolve their trade and technology disputes. “The Chinese made a fundamental mistake strategically at the beginning, realizing they should have followed the path of Mexico and Canada in making concessions quickly,” he told […]

Germany on Brink of Recession After Business Confidence Plunges

Germany’s economy is on the brink of recession after business confidence plunged to its lowest level in seven years. The ifo Institute, a Munich-based research group, said: “Worry lines among German business leaders are getting deeper and deeper.” Its monthly confidence index fell to just 94.3 points in August, down from 95.8 in July, the […]

China Ready to Fight Trade War but Open to Talks

China’s said it is ready to take more steps to protect its interests if the United States moves ahead in enacting new tariffs. China’s foreign ministry said on Monday that it is resolutely opposed to new U.S. tariffs and said the two countries issues should be resolved via talks. A spokesman said China hopes the […]

Oil Higher After US Offers Way to Trade War Ceasefire

Oil prices rose on Monday after the United States and China both suggested they could ease up in a trade war that has undermined the outlook for the global economy and crude demand. Brent was up 38 cents, or 0.64%, at $59.72 a barrel by 1200 GMT, while U.S. oil was up 54 cents, or […]

US Markets Open Higher After Trump Seeks to Ease Trade War Tensions

U.S. stocks opened higher on Monday, as President Donald Trump sought to ease trade tensions with China, calming investor nerves after intense feuding between the world’s top two economies last week sent stocks into a tailspin. The Dow Jones Industrial Average .DJI rose 197.15 points, or 0.77%, at the open to 25,826.05. The S&P 500 […]

Japan and US in Trade Talks but Deal is Looking Unlikely

Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are fading as both sides fail to make concessions on agriculture and automobiles, sources say. Japanese Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer will hold two-day […]

US Home Sales Rose in July

U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve’s shift toward lower interest rates was supporting the economy. A separate report released by the Labor Department on Wednesday suggested the level of employment in the country was slightly lower than previously […]

Trump Keeps Pressure on Fed With Low Rate Comments

President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank’s chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country’s ability to compete economically. “Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s […]

Italy Political Drama Could Lead to 3 Scenarios

Italy’s fresh political crisis has left investors contemplating how to trade its sovereign bond market which has seen significant volatility over the last few months. ”(It’s) close to impossible to make political predictions. The situation is very unusual, (there’s) no precedent,” Francesco Papadia, a senior fellow at the think tank Bruegel and former official at […]

Venezuela and US Confirms High Ranking Talks Have Been Ongoing for Months

The leaders of the U.S. and Venezuela have confirmed high-ranking officials from their respective governments have been engaged in talks “for months.” It comes less than three days after both Axios and the Associated Press reported that the U.S. had opened secret communications with top members of Venezuela’s socialist administration. Speaking at the White House […]