Europe Ends On a High Note as Investors Brush Off Trade Dispute

European stocks ended Wednesday’s session relatively upbeat, as investors shook off concerns surrounding escalating trade tensions between the U.S. and China.

The STOXX 600 index closed up 0.32 percent provisionally at 379.98, with major sectors pointing in different directions by the end of trade. Basic resources surpassed fellow sectors, while utilities dropped over 1 percent.

The U.K.’s FTSE 100 rose 0.42 percent at 7331.12 the close, while France’s CAC 40 popped 0.56 percent at 5393.74 and Germany’s DAX saw gains of 0.5 percent at 12219.02 Most markets in peripheral Europe closed higher.

Source : CNBC

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Stocks gain as investors shrug off intensifying U.S.-China trade fight

U.S. stocks rose Tuesday as investors looked past escalating trade tensions to instead focus on an economy that remains strong by many measures. The gains were led by consumer discretionary and technology shares, two sectors that had slumped in the previous session.

The Dow Jones Industrial Average rose 160 points, or 0.6%, to 26,221. The S&P 500 index advanced 20 points, or 0.7%, to 2,909 and the Nasdaq Composite Index climbed 89 points, or 1.1%, to 7,984.

Stocks had declined Monday, marking the biggest one-day drop for the S&P since mid-August and the worst session for the Nasdaq since late July.

President Donald Trump late Monday said he would impose new tariffs on about $ 200 billion in Chinese goods. He also threatened additional penalties as part of his campaign to pressure Beijing to change its commercial practices.

In response, China retaliated with tariffs of 5% to 10% on $ 60 billion worth of U.S. products that will take effect Sept. 24 and said it may introduce more measures if the U.S. goes ahead with higher tariffs, according to The Wall Street Journal.

Source: Marketwatch

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Dow Struggles To Gain Altitude At The Open as Investors Await Apple Event

U.S. stocks on Wednesday fought to climb higher at the open, with the Dow and S&P 500 trading at break-even levels as investors wrestled with concerns about trade clashes and awaited the latest update to Apple Inc.’s product lineup.

The Dow Jones Industrial Average was up 0.1% at 25,995, the S&P 500 index traded little changed at 2,888, but edged into positive territory. The Nasdaq Composite Index meanwhile, was down 0.3% at 7,947, weighed by a sharp decline in the shares of chip makers, as gauged by the iShares PHLX Semiconductor ETF a popular way to bet on the sector.

In economic reports, the producer-price index, a measure of the prices businesses receive for their goods and services, declined a seasonally adjusted 0.1% in August from a month earlier, the Labor Department said Wednesday, marking the first monthly decline since February of 2017.

Apple’s event is expected to kick off at 1 p.m. Eastern Time, where the iPhone marker will roll out a series of updates to its popular roster of gadgets. Trade tensions between the U.S. and its global partners has been the biggest headwind for stocks gaining significantly, with the benchmarks trading in a narrow range for that past several months. Later Wednesday an anecdotal report on business conditions in the Fed’s districts are due at 2 p.m.

Meanwhile, investors also were watching developments on the U.S.’s East Coast, where Hurricane Florence, a Category 4 storm, is expected to buffet the region with high winds and rain, resulting in the evacuation order of some 1 million people in the Carolinas.

Source : Market Watch

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