Morgan Stanley: If trade war escalates, a recession will be here in 3 quarters
Morgan Stanley explained on Monday why it believes "we will enter recession in 3 quarters" if the trade war continues to escalate.
Morgan Stanley explained on Monday why it believes "we will enter recession in 3 quarters" if the trade war continues to escalate.
U.S. stocks opened lower on Monday, extending a sell-off from last week, weighed down by a drop in technology shares and as China's yuan hit its lowest in more than a decade on escalating U.S.-China trade concerns.
U.S. stock index futures pointed to more losses on Monday as China's yuan hit its lowest in a decade, spurring a continuation of a sell-off on trade concerns on Friday that generated the S&P 500's worst weekly performance of 2019.
Ming-Chi Kuo of TF International Securities says that Apple has planned ahead for the trade war and should be able to offset the costs.
Global stocks fell for a sixth day on Monday as an escalation of a trade war between the United States and China spooked markets and the yuan fell to its lowest levels in over a decade.
Britain has signed a 350 million pound ($425 million) contract with Rolls-Royce to provide maintenance for the engines of Typhoon fighter jets.
U.S. activist investor Elliott [ECAL.UL] has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback program to boost returns to investors.
Wall Street's main indexes fell sharply on Monday, led by technology companies, as China's willingness to let the yuan slide in response to the latest U.S. tariff threat fanned fears that it could further aggravate an ongoing trade war.
Global stocks fell for a sixth day on Monday as an escalation of trade tensions between the United States and China spooked markets and the yuan fell to its lowest levels in over a decade.
Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion.
JPMorgan confirmed it had won an auction to hold a majority equity stake in its Chinese asset management joint venture (JV), becoming the first foreign firm to move closer to taking control of an onshore funds business under new rules.
Hayman Capital Management founder Kyle Bass said on Monday that without state support, China's currency would plunge at least 30%.
President Trump also takes aim at the Federal Reserve regarding China's currency slide.
Funding Report for Week Ending 8/4/2019
The post Funding Report for Week Ending 8/4/2019 appeared first on Crowditz.
Oil prices fell on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world's two biggest buyers.