Market Overview - Page 472

China’s foreign ministry pushed back against President Donald Trump’s latest tariff threat on Friday, reportedly saying the world’s largest economy should give up its illusions, shoulder some responsibility and come back to the right track on resolving the trade war..

Iranian oil tankers have been quietly offloading their supply into Chinese ports, according to ship tracking data, despite U.S. sanctions on crude from the Islamic Republic. These flows, which experts say show no sign of stopping, could seriously disrupt U.S.-China.

Market focus Trump announced 10% tariffs on Chinese goods worth $300 billion since September 1, thus ending the US-China trade truce after disappointingly slow progress being made during negotiations. In addition, the president threatened to tighten these conditions in the.

Market overview FX: USD retreated to the basket of major currencies, but remains close to a 2-year high. JPY strengthened by 2% over the last 24h. CNY once again is dangerously close to 7.00 after the announcement of the tariffs..

Market focus It must be said that this meeting could become a turning point for both the US currency and the markets as a whole. During the two previous cycles, the federal funds rate decreased by more than 5 percentage.

In approximately five days, litecoin will undergo a scheduled reward halving. The mining reward is currently set at 25 litecoins ($2,500) per block and will drop to 12.5 litecoins ($1,200) per block on Aug. 5. With that transition, the protocol.

Market overview FX: The dollar adds about 0.8% to the basket of major currencies. GBPUSD at 1.21, near post Brexit referendum lows; EURUSD at 1.1050, gave up support at 1.1100. Stocks: Stock markets lost more than 1% in the wake.

A number of different securities opinion-makers, from Barron’s to CCN’s own Ben Brown, have opined that the Federal Reserve rate cut will ignite a bitcoin rally. The truth is that, like everything else having to do with bitcoin, any movement.

Asia Pacific markets were subdued Thursday afternoon as a private survey showed Chinese factory activity contracted in July. Mainland Chinese stocks slipped by the afternoon: The Shanghai composite fell 0.78% and the Shenzhen component declined 0.62%. The Shenzhen composite shed.

C slashed the target range for its overnight lending rate to 2% to 2.25% — 25 basis points below the previous level. Since 1987, there have been one or more dissenters at 37% of Fed rate meetings. Economists said this.

A heatwave in Europe is causing low water levels on the River Rhine — one of the continent’s most important shipping routes — which could weigh further on Germany’s vulnerable economy, experts have told CNBC. Last year, low water levels.

Despite the lack of decisiveness in the bitcoin market following the dominant crypto asset’s abrupt drop from $14,000 to $9,500, many analysts – even bearish ones – generally remain confident that the bitcoin price is heading towards a new record.