U.S. shares lifted by tech and energy; trade woes hurt emerging markets

A broad index of world stock markets posted gains for a second straight day on Tuesday, as investors piled into U.S. technology and energy stocks even as a trade war loomed.  MSCI’s index of global equities gained 0.17 percent as investors awaited action from U.S. President Donald Trump after a deadline for public comment on additional tariffs on Chinese goods expired. Wall Street continued its rally, with the benchmark S&P 500 stock index still on pace to deliver what once seemed improbable: a seventh year of double-digit percentage gains over the last decade. Read More @ https://www.reuters.com/article/us-global-markets/u-s-shares-lifted-by-tech-and-energy-trade-woes-hurt-emerging-markets-idUSKCN1LR018?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Stock market closes higher as energy, telecom sectors lead

U.S. stocks shrugged off a wobbly start to close higher Tuesday, with the Dow climbing by triple digits, as energy and telecommunications rallied. However, trade worries were simmering below the surface as investors continued to watch the situation between the U.S. and China

How did major benchmarks fare?

The Dow Jones Industrial Average DJIA, +0.44% climbed 113.99 points, or 0.4%, to end at 25,971.06 after two consecutive losing sessions. The S&P 500 SPX, +0.37% added 10.76 points, or 0.4%, to finish at 2,887.89 and the tech-laden Nasdaq Composite Index COMP, +0.61% advanced 48.31 points, or 0.6%, to 7,972.47. The Nasdaq and S&P broke a four-day losing streak on Monday. Read More @ https://www.marketwatch.com/story/us-stock-futures-stumble-as-investors-turn-cautious-amid-september-blues-2018-09-11?siteid=rss&rss=1

Beijing is holding firm, but many Chinese firms acknowledge they’re worried about the trade war

  • Beijing has maintained a resolute stance in the face of U.S. tariff threats, but many Chinese companies are acknowledging that their businesses could be hit by the ongoing trade war.
  • Industrial and Commercial Bank of China, or ICBC, said late last month that a primary challenge the bank faces is increased instability and uncertainty in the international environment and intensifying global financial market volatility, especially since rising U.S.-China economic tensions may negatively affect many sectors.
  • Still, many companies did not mention risks from rising trade tensions, or noted the impact to their business would likely be minimal. Read More @ https://www.cnbc.com/2018/09/12/us-china-trade-war-many-chinese-firms-acknowledge-business-worries.html

WHAT IS PSEi TECHNICAL CHART SAYING?

Technical clearly shows a break and traders should be cautious till the price recovers.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2020 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?