Dow Eyes $68 Billion Boost from Forgotten Trump Trade Deal

By CCN: The United States and China have spent months laboring over a new trade agreement, one that President Trump says will solve longstanding disagreements between the world’s two largest economies. Wall Street has been just as meticulous in its obsession with the minutiae of the negotiations, seeking to glean how they will impact the stock market. Almost forgotten is that Trump struck another major trade deal last year, one that – once ratified – could provide the Dow Jones Industrial Average and its peers with a major boost. Analysts: Trump’s NAFTA Deal Will Add $ 68 Billion to US Economy

The post Dow Eyes $ 68 Billion Boost from Forgotten Trump Trade Deal appeared first on CCN

News – CCN

Dow Jones: ‘New Progress’ in Trade Deal Primes DJIA for Strong Open

Over the weekend, negotiators of the U.S. and China have reportedly made “new progress” in their recent round of discussions, touching specifically on the protection of intellectual property. Enthusiasm over this development could propel the Dow Jones toward a new all-time high following Monday’s market open. Dow on Verge of Setting New All-Time High Due to the Federal Reserve’s decision to maintain its benchmark interest rate at its current level at least until the year’s end and the record low unemployment rate, the Dow Jones has added nearly 400 points since April 1. The Dow Jones is less than 310

The post Dow Jones: ‘New Progress’ in Trade Deal Primes DJIA for Strong Open appeared first on CCN

News – CCN

Massive Dow Rally Will Be Unleashed as Trade Deal Nears End-Game

U.S. President Donald Trump has already laid out all the fundamental catalysts for a potential Dow run: the Federal Reserve is not pondering a rate hike, jobs growth is strengthening at a rapid rate, and consumer confidence is on the rise. Dow Hits 6-Month High as Trump Lays Groundwork for Dow Rally Every imaginable fundamental stimulus has been established to fuel the U.S. stock market, and so far, it has been working. For the first time since October 2018, the Dow has surpassed the 26,400-point mark with a decent 0.13 percent gain on the day, primarily due to the reluctance

The post Massive Dow Rally Will Be Unleashed as Trade Deal Nears End-Game appeared first on CCN

News – CCN

Dow Futures Fizzle as Mueller Probe Leaks Crush Trump Trade Pump

The Dow struggled ahead of Thursday’s US trading session, as a discomforting leak about the true nature of the Mueller probe crushed any optimism derived from the report that Donald Trump may be on the verge of making a major announcement about the ongoing US-China trade war. Dow Stumbles Toward Weak Open Absent sustained momentum, US stock futures traded sideways ahead of the bell. As of 8:33 am ET, Dow Jones Industrial Average futures had lost 4 points or 0.02 percent, which implied a gain of 16.87 points. S&P 500 and Nasdaq futures also traded down, dropping 0.06 percent and

The post Dow Futures Fizzle as Mueller Probe Leaks Crush Trump Trade Pump appeared first on CCN

News – CCN

Back Off Trade Wars or Lose in 2020, Republican Senators Warn Trump

Republican Senators are warning President Donald Trump that imposing a new set of tariffs on foreign carmakers could be his undoing. According to Politico, the Republican Senators have held several meetings and conversations on the matter with the president. In these interactions, the senators have tried to steer Trump away from imposing another set of tariffs on foreign carmakers. The senators fear that such actions would harm Red states and increase the risk of an economic recession. This could harm Trump’s chances in his 2020 re-election campaign. Don’t Undo the Good You’ve Done, Senators Warn Trump One of the senators

The post Back Off Trade Wars or Lose in 2020, Republican Senators Warn Trump appeared first on CCN

News – CCN

Dow Recoils: Only a New US-China Trade Deal Will End This Misery

With overseas profits of U.S. companies in decline due to tax changes, a drop in consumer confidence in March, and some Federal Reserve officials showing reluctance towards a cut in its benchmark interest rate, the Dow Jones was expected to open gloomily. Dow Incredibly Volatile on Wednesday Within minutes of its opening, the Dow Jones jumped by 0.34 percent, bringing its cumulative two-day rally to nearly 400 points. However, it immediately retraced, falling back to 25,632, only to whipsaw back and forth across its previous close. By press time, the Dow had lost 73 points or 0.28 percent. While strategists

The post Dow Recoils: Only a New US-China Trade Deal Will End This Misery appeared first on CCN

News – CCN

Huobi Prime Offers Cryptocurrency Investors a New Way to Trade

Tuesday, March 26 will see customers of the cryptocurrency exchange Huobi experience a whole new way of getting their fingers around cryptocurrencies. Known as Huobi Prime, the system is a coin-launch platform that ensures all currencies purchased by Huobi users are immediately deposited into their accounts and tradable against the Huobi Token (HT) with minimal delays, according to a company press release. Fast Money in Your Wallet Customers will also have access to coins at below-market prices, as well as new projects and currencies not yet listed on major exchanges. Huobi’s executive team works with the project leaders of every

The post Huobi Prime Offers Cryptocurrency Investors a New Way to Trade appeared first on CCN

News – CCN

Dow Crosses 26,000: Is the US-China Trade Deal Enough to Revitalize the Market?

Throughout the past five days, amidst reports about the Federal Reserve’s reluctance towards raising the interest rate, the Dow Jones has breached the 26,000-point mark for the first time since March 1. The Dow suffered early last week due to the steep sell-off of the Boeing stock, which is estimated to have cost the Dow more than 300 points but it briefly broke out of 26,000 points on March 19, showing signs of a potential short-term rally. While the Dow has slightly dropped to 25,887 points, on Tuesday, the WSJ reported that the negotiators of the U.S. and China scheduled

The post Dow Crosses 26,000: Is the US-China Trade Deal Enough to Revitalize the Market? appeared first on CCN

News – CCN

Chinese Spy Scandal Threatens Trade Deal & Stock Market Recovery

A burgeoning spy scandal threatens to be an 11th-hour stumbling block to the U.S.-China trade deal, and it could take the wind out of the stock market’s sails as it continues to mount a recovery from its 2018 lows. Premier Li Keqiang denied allegations that the Chinese government instructs its companies to engage in corporate spying abroad. The denial comes a day after the Chinese legislature passed a resolution designed to inhibit Chinese officials from compelling foreign companies to turn over intellectual property. The practice has been a barrier in trade talks between the U.S. and China. The news of

The post Chinese Spy Scandal Threatens Trade Deal & Stock Market Recovery appeared first on CCN

News – CCN