China takes trade war to US heartland, using an Iowa newspaper;

China reached into the US heartland in its escalating trade war over US President Donald Trump’s tariffs, using an advertising supplement in Iowa’s largest newspaper to highlight the impact on the state’s soybean farmers as “the fruit of a president’s folly”. The four-page section in Sunday’s Des Moines Register, which carried the label “paid for and prepared solely by China Daily, an official publication of the People’s Republic of China”, featured such articles as one outlining how the trade dispute is forcing Chinese importers to turn to South America instead of the US for soybeans. The advertising targets a state critical to Trump and Republicans as the trade war between the world’s two largest economies intensifies. Read More @ https://www.stuff.co.nz/business/world/107320293/china-takes-trade-war-to-us-heartland-using-an-iowa-newspaper

Financial markets must wake up to the damage and havoc wreaked by this US-China trade war

The phoney (trade) war has been going on for many months since Donald Trump first threatened and then began to unleash tariffs against China and others; so much so that financial markets – the US stock market in particular – have begun to believe that the scare is indeed “phoney.” It is not, and that truth is about to dawn. Read More @ https://www.scmp.com/business/money/article/2165395/financial-markets-must-wake-damage-and-havoc-wreaked-us-china-trade

WHAT IS THE PSEi INDEX SAYING?

PSEi is still at the range stage; Thursday morning during the FOMC Monetary Minutes the US market will react and Thursday morning PSEi will make its move to break or not to break the Support & Resistance. We maintain our hold position for PSEi but focus on Blue Chip Stocks – @ PSEi 30 Index.

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