EghtesadOnline: World stocks extended 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 toward a trade deal, soothing fears of an all-out trade war.
EghtesadOnline: Chinese and U.S. teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes an all-out trade war that could badly disrupt the global economy can be avoided.
EghtesadOnline: After ending the past week 3.5% lower, the Tehran Stock Exchange continued to reel under selling pressure on Saturday. Falling global stocks, US-China trade war, declining oil and commodity prices and the effects of US sanctions all weighed on sentiment.
EghtesadOnline: Systematic risks have caught up with the Iranian stock markets. Concerns regarding base metal prices, based on a stronger dollar and an escalating trade war between the US and China, sunk metal stocks' fortunes in Iran as its main drivers, augmented by the government's refusal to allow the sale of commodities at an exchange rate other than the enforced one.
EghtesadOnline: The U.S.-driven trade war has become the biggest “confidence killer” for the global economy, China’s foreign ministry warned on Wednesday, saying the whole world would fight back if the United States continued to be “wilful”.
EghtesadOnline: Comatose for most of the week, Tehran stocks took a hit on Wednesday as the prospect of a full-scale global trade war drove panicked investors into a selloff.
EghtesadOnline: Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war.
EghtesadOnline: U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automotive market in response to a U.S.-China trade war.
EghtesadOnline: Asian shares reversed early gains on Tuesday as anxieties about the Sino-U.S. trade war recast their long shadow over investor sentiment, while several high-profile resignations from Britain’s government kept sterling on the defensive.
EghtesadOnline: World stocks were dragged lower on Wednesday by growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan rebounded after China’s central bank moved to calm investors.