Wall St opens higher on hopes of trade concessions
Wall St opens higher on hopes of trade concessions
Markets update at midafternoon
09 July, 2018, 08:44
The broad advance in stocks suggests that traders anticipate that the trade spat won't last long enough or escalate badly enough to cause serious damage to either country's economy.
The Dow Jones Industrial Average jumped 138.86 points, or 0.57 per cent, to 24,495.60.
Private US firms added 177,000 employees last month, according to payrolls firm ADP, a bit below the pace in May but a level that was still seen as solid.
But although the S&P 500 on some days has been hit hard by signs of an escalating trade conflict, the index rose 0.6 percent on Friday after the United States and China enacted their tariffs. The Nasdaq composite increased 101 points, or 1.3 percent, to 7,688. Investors were also encouraged by a solid pickup in hiring by USA employers last month.
U.S. President Donald Trump has warned that the United States may ultimately target over $500 billion worth of Chinese goods, an amount that roughly matches its total imports from China previous year.
The Russell 2000 index of smaller-company stocks picked up 14.57 points, or 0.9 percent, to 1,694.05. Investors have pulled money out of emerging markets and European equities more quickly over the last two months than in 2016, Bank of America Merrill Lynch strategists said on Friday in a weekly note.
Consumer staples also advanced, such as Procter & Gamble, which gained 1.6 per cent and Mondelez International, which climbed 2.5 per cent. U.S. President Donald Trump upped the ante on Thursday night, warning that the United States may ultimately target over $500 billion worth of Chinese goods.
The S&P 500 index rose 5 points, or 0.2 percent, to 2,741.
The Russell 2000 is up 143.97 points, or 9.4 percent.
The Dutch firm has traded over Dollars 284 billion in ETFs in the first quarter of 2018, making it the largest ETF firm in Europe. A month later in April, it was also reported that Goldman Sachs is in the process of setting up a cryptocurrency trading desk.
The U.S. also increased the number of federal departments that had to approve visa applications, amplifying the red tape. The house where the Franks hid was turned into a museum that is one of Amsterdam's most popular tourist attractions.
This Rosh Hashanah (Jewish New Year) it will be transferred to the custody of the family", the espionage agency said. She said that she was pleased to have it, "I felt it was part of his body, his blood is on that watch".
The biggest question hanging over the investigation right now is whether or not Trump will sit down with Mueller for an interview. Trump has said he does not see Cohen turning against him. "But you know that doesn't determine not going forward with it".
At last week's KPMG Women's PGA Championship, she shot a second-round score of 11-over 83 to miss the cut. Kim was at 16-under 128 - tied for the tour's lowest of the season - and four shots ahead of Yu Liu.
Brazil midfielder Paulinho has left Barcelona to rejoin his former club Guangzhou Evergrande , the Chinese club have announced. Barcelona midfielder Paulinho has confirmed he has an offer to return to the Chinese Super League .
In a story which has come out of nowhere, the Gunners are now reportedly close to sealing a deal for Lorient's Matteo Guendouzi . He broke into the Lorient team during the 2016/17 season, making nine appearances as they were relegated from Ligue 1.
The first to speak to the fans was the team's chief coach Stanislav Cherchesov who thanked all those who had supported the team. England trio Harry Kane , Kyle Walker and Harry Maguire are looking to guide their side to only their second World Cup final .
ZTE has promised to change its top management within 30 days of agreeing a $1.4 billion settlement with US authorities in June. Shares in the company are down more than 50% since the stock started trading in June after a two-month suspension.
Asian stocks lower on impending trade war
Tokyo's Nikkei 225 jumped 1.1 percent to 21,788.13 in what appeared to be a technical rebound after a four-day losing streak. Upbeat economic data and overnight gains on US stock markets helped temper concerns, though trading volume was light.
India beats England in 3rd T20, wins series 2-1
England batted first and threatened to post a huge score before stuttering at the end and finishing on 198-9 after their 20 overs. Yadav struggled to repeat his heroics in Manchester and ended wicketless, conceding 34 runs in his spell of four overs.
Pakistan beat Australia by 45 runs in T20 tri-series
Pakistan started off the chase in a dismal manner as they lost two wickets in first over to get reduced to 2/2. After the initial blow, Zaman and Hussain Talat steadied the innings and posted 51/1 in the Powerplay.
Iran says Trump 'destabilising' oil market
Iran, OPEC's third-largest producer, is facing USA sanctions on its oil exports that are prompting some buyers to cut purchases. On Wednesday Trump took to Twitter to accuse Opec of "driving prices higher" and insisted there "must be a two way street".
Ford Says No Plans for Now to Hike China Prices
For now Ford says it will not increase its manufacturer's suggested retail price or MSRP, for its lineup of cars sent to China. Past year the brand sold 54,124 vehicles in China, the world's largest auto market, up 66 percent from 2016.
Lebanese woman sentenced to eight years for 'insulting' Egypt
Al-Mazbouh was arrested early June at Cairo International Airport as she was on her way to board a flight out of the country. Mazbouh fiercely criticized the way she had been treated, claiming she was "harassed by taxi drivers and men in the street".