Trade-War Contagion Puts Markets on Alert for Fresh Risk Selloff

Investors may be about to get further confirmation that they have misread how deep and lasting the global trade war could be.

After last week’s retreat in risk assets, the stand-off between the world’s two largest economies deepened at the weekend as Beijing blamed the U.S. for the latest breakdown in talks. Traders were also left digesting a move by the Chinese toward blacklistingFedEx Corp., a threat by President Donald Trump to slap tariffs on all Mexican goods and a decision to end an arrangement that lets India export almost 2,000 products to the U.S. tax free.

Yield on 10-year U.S. government debt posts biggest weekly decline since 2014

“Investors are generally of the view that the trade dispute could drag on for longer, but they appear to be overlooking its potential impact on the global macro outlook,” Chetan Ahya, the New York-based head of economics at Morgan Stanley, wrote in a note distributed Sunday. “If trade tensions continue to escalate, the global cycle will be at risk. We could end up in a recession in three quarters.As the outlook on trade deteriorated, U.S. Treasury yields registered their biggest five-day decline since 2014, reflecting growing speculation an economic downturn will prompt the Federal Reserve to cut interest rates by year-end. The S&P 500 Index posted its worst week of 2019.

As the outlook on trade deteriorated, U.S. Treasury yields registered their biggest five-day decline since 2014, reflecting growing speculation an economic downturn will prompt the Federal Reserve to cut interest rates by year-end. The S&P 500 Index posted its worst week of 2019.

Comments

THREE BOYS CAUGHT RUBBING STUDENTS AT AAU

on 15th May, 2019 at 8:10 p.m, three young boys were caught rubbing students of Ambrose Alli University AAU Ekpoma Edo state. Information from this operation by these young boy states that these boys stole different kings of cell phones, and also transferred all the money in the bank of account of one the student and as well wanted to rape one of the student. investigations were carried out immediately by the school Anti-cultist and the police. and information reached that these young boys returned from Irrua were they had their first operation before entering Ekpoma. these young boys were caught by some of the student who later pursued them with a car to get them down. and they were seriously beaten and injured. before handing over to the police for further investigations and arrest.

Columbia Sportswear Is Ready to Pass on Trump Tariffs to Consumers

Columbia Sportswear Co. is feeling the pain from the U.S. trade war with China, and if the situation intensifies, Chief Executive Officer Tim Boyle says consumers will feel it too. The Trump administration’s latest tariff proposal on goods imported from China has forced the outdoor-gear and apparel maker to spend more time managing its supply chain than its sales operations, Boyle said in an interview on Bloomberg TV. The levies have also led him to put distribution projects on hold. We will pass on the prices if we have to,” Boyle said. “Again, this is a tax on commodities that American consumers are going to be consuming, so yes these taxes will be passed on.” The company had been largely spared financial pain in the initial rounds of tariffs. But the ongoing dispute has sucked up hours and resources it hadn’t planned for. Earlier this month, the U.S. proposed 25% tariffs on an additional $300 billion of goods from China, including apparel and footwear. Boyle said the company has

BOY COUGHT STEALING WOMAN'S PANT AT OSUN STATE

A 19 years boy on Monday was sentenced to 6 years in prisonment for allergedly being cought stealing a woman's under wear at osun state. he was said to have been taking these under wear to some Yahoo boys where he would be paid some reasonable amount of money. Magistrate Rofiat Olayemi sentenced the convict without any option to pay fine. The Prosecutor, Insp. Jafani Musilimi, had told the court that the convict committed the offence on January 28, at about 10 a.m. at No. 12, Ibokun Road, Oja-Oba area, Osogbo. Musilimi said the convict broke into the apartment of one Folashade Ganiyu and stole three underpants belonging to her inside her bathroom. “The convict also stole a Techno mobile phone belonging to the complainant. The prosecutor said the offence contravened the provisions of sections 412 and 249(d) of the Criminal Code, Cap 34, Vol. 11, Laws of Osun, 2002. The convict was charged with theft and breach of public peace

CLARO NET

Search This Blog