US stocks tumble on US-China trade jitters, oil price slide
Thursday, 6 December 2018 U.S. stocks tumbled in early trading Thursday following a sell-off in overseas markets, knocking more than 450 points off the Dow Jones Industrials Average. The broad market decline came as the arrest of a senior Chinese technology executive overshadowed some positive comments on trade from Beijing, threatening to worsen trade tensions between the U.S. and China. Oil prices fell sharply as traders appeared to doubt that an expected production cut by OPEC will be enough to boost the price of crude. Traders continued to shovel money into bonds, a signal that they see weakness in the economy ahead. The yield on the 10-year Treasury note fell to 2.86 percent from 2.92 percent on Tuesday, a large move. U.S.
According to Reuters, Iranian Oil Minister Bijan Zanganeh said on Tuesday that OPEC has problems with some oil producers, and the reasons for Qatar’s exit from the organization must be examined. Qatar said on Monday it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader...
As the trade war looks as though it can end imminently, the debate over sentiment versus substance is still raging. Stocks surged Thursday, Jan. 17 after the Wall Street Journal reported that the U.S...
Global stock markets were sliding Thursday as fears about a fresh deterioration in US-China relations spooked investors and sparked selling across the world. Fears come after it was reported that that..
World stocks extend their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching towards... Reuters India - BusinessAlso reported by •Reuters
Global stocks rose to their highest in more than a month on Friday after a report suggested progress towards resolving the trade dispute between the United... Reuters - Front PageAlso reported by •Reuters India