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JD.com (NYSE: JD) stock price rebounded strongly since the start of this year despite concerns over the trade war between the two largest economies. The stock price soared close to 40% year to date. Its shares are currently hovering close to 52-weeks high of $32. Trader’s confidence in JD.com stock price is due to the…
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The U.S.-China trade war continues with both countries scheduling a new round of talks that are expected to help the nations reach an agreement on the current commercial conflict. After the announcement, DOW futures surged, but analysts remain cautious about how the bond market behaves. Trade War Affects Investment Strategies Drew Matus, chief market strategist…
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Caterpillar (NYSE: CAT) stock price lost substantial value since the beginning of fiscal 2018. Concerns over trade war escalation along with pressure on the construction industry are adding to bearish sentiments. The majority of rating agencies have lowered their price targets and financial outlook for CAT. China recently announced $75 billion of tariffs on U.S….
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Hong Kong stocks have spiked after news emerged that under-fire leader Carrie Lam is set to formally withdraw the Exrradiction Bill to China. The Bill had led to months of unrest with the weekend witnessing the most brutal encounters between riot police and protesters. From the markets, property developers spearheaded the stock surge. Early Wednesday…
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Alibaba (NYSE: BABA) stock price has been struggling to sustain upside momentum over the last twelve months. Investors concerns over U.S. China trade war restricted its share price in the range of $129.77 – $195.72. The shares are currently trading around $172. Market pundits expect its share to hit $200 mark again this year. Alibaba…
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Investors are looking forward to a tough September after a dreadful August, which was characterized by low stock prices. However, the market showed resilience despite the current economic situation like the escalating trade war. This uncertainty will be influencing investor decisions in September. The current stock market resembles a similar period in 2018 but without…
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The Manufacturing PMI of the Eurozone registered 47.0 in August as production and new orders continue to fall. At the same time, confidence hit the lowest point since November 2012, suggesting the industrial sector could keep falling during the coming months. The information was released by IHS Markit on September 2nd. Manufacturing PMI Remains Negative…
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The S&P—the stock market index that rates the stock performance of Fortune 500 companies, currently upholds a stable outlook on all Malaysian banks. However, it’s citing outside challenges including the financial technology effect that could adversely affect the M’sian banking industry. Banks in Malaysia are currently struggling with various issues including the regional economic slump…
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Nike (NYSE: NKE) stock price has been trading in a range of $80 over the last six months. The range-bound movement is due to traders concerns over increasing tariffs. Besides from currency conversion and trade war headwinds, Nike appears in a strong position to support the share price movement. Guggenheim has set a price target…
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Chinese artificial intelligence firm Megvii, backed by Alibaba (BABA), recently filed for an IPO with the Hong Kong exchange. The filing comes in the middle of Hong Kong-China conflicts and the US-China trade war. Why is Megvii so important? The artificial intelligence firm is backed by Chinese e-commerce behemoth Alibaba as well as several state-owned…
