Written by Gary
Global markets are mixed with the US markets set to open in positive territory. Word is Chinese exports rose in July even with U.S. duties
Here is the current market situation from CNN Money
European markets are mixed. The FTSE 100 is higher by 0.76%, while the DAX is leading the CAC 40 lower. They are down 0.08% and 0.03% respectively.
What Is Moving the Markets
|Here are the headlines moving the markets.|
Ford Motor said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market.
China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world’s two major economic powers ramped up a bitter dispute that some fear could derail global growth.
China’s soybean and soymeal prices jumped as data showing a drop in soybean imports stirred supply concerns as a bitter trade dispute between Washington and Beijing plays out.
Twenty-First Century Fox Inc has triggered a 46 day deadline to raise its bid for Sky in a battle with Comcast for control of the British pay-TV group.
The rouble weakened and shares in Russia’s top lenders Sberbank and VTB fell on Wednesday after the Kommersant daily said they could be banned from operating in the United States under proposed U.S. sanctions legislation.
Air France-KLM’s nominations committee has picked Benjamin Smith, Air Canada’s chief operating officer, as its preferred candidate to head the airline, French newspaper Le Monde reported on Wednesday.
Kroger Co , the nation’s biggest supermarket chain, whose founder delivered groceries by horse and buggy, is using a different kind of horsepower in its race with online grocery sellers.
Glencore reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts, as higher costs and lower prices for cobalt and other products ate into profits.
IKEA is looking to keep prices even lower in India than it typically does elsewhere when it opens its first store in the country on Thursday, overcoming high taxes on imported goods as it woos cost-conscious shoppers unaccustomed to DIY furniture.
Authored by Elizabeth Nolan Brown via Reason.com,
All your base are belong to us.
A leaked memo circulating among Senate Democrats contains a host of bonkers authoritarian proposals for regulating digital platforms, purportedly as a way to get tough on Russian bots and fake news.
To save American trust in “our institutions, democracy, free press, and markets,” it suggests, we need unprecedented and undemocratic government intervention into online press and markets, including “comprehensive (GDPR-like) data protection legislation” of the sort enacted in the E.U.
Authored by Tsvetana Paraskova via Oilprice.com,
Four senior geologists are calling for a moratorium on oil and gas drilling in Surrey in the UK, southeast of London, after 12 earthquakes were registered in the area over the past four months.
Between April 1 and July 18, a total of twelve seismic events were detected in the Newdigate, Surrey area, the British Geological Survey (BGS) says.
Companies exploring for oil and gas in the area are using only conventional processes since fracking is not authorized in Surrey.
Update: While the fight was a close as expected – given the massive amounts of cash both parties spent – the winner of Ohio’s special House election is Trump-backed Republican Troy Balderson.
As we noted earlier, while both candidates are already on the ballot in November for a rematch to win a full two-year term, tonight’s special election carried major implications for Republicans seeking to hold control of the House and Democrats trying to retake the chamber.
Despite the numbers above CNN, among others refuse to call it.
Former fund manager and FX trader Richard Breslow has an uncomfortable message for the investing world today:
Tesla’s wildest day yet leaves far more questions than answers.
from the Congressional Budget Office
The federal budget deficit was $682 billion for the first 10 months of fiscal year 2018, CBO estimates, $116 billion more than the shortfall recorded during the same period last year. Revenues and outlays were 1 percent and 4 percent higher, respectively, than in the same period in fiscal year 2017.
from the International Monetary Fund
— this post authored by Francisco Arizala, Matthieu Bellon, Margaux MacDonald, Montfort Mlachila, and Mustafa Y. Yenice
Contrary to popular belief, countries in sub-Saharan Africa are more closely tied than ever, thanks to rising trade with one another and remittances – the money people send home when working in another country.
Caroline Baum gives Donald Trump a report card on how he’s doing on the economy.
Stumbling Chinese indexes led Asian stock market decliners on Wednesday, with mixed trading seen around the rest of the region.
Cracks are emerging in Big Tech. Jeff Reeves looks at where to invest instead.
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