US stocks surged on Monday after President Donald Trump’s top trade officials brokered a surprisingly dramatic de-escalation in trade tensions with China over the weekend, dropping tariffs to much lower levels, which some economists say could stave off a US recession.
Dow futures rose more than 1,000 points, or 2.6%. S&P 500 futures were 3% higher, and Nasdaq futures gained 3.9%.
Most modern domestically developed Chinese platforms have not yet been battle-tested, said Eric Zhu, a defence analyst at Bloomberg Intelligence. “So having the combat record is a plus for their export potential.”
While Indian sources have disputed some aspects of these claims, the market response was immediately felt. Dassault Aviation, which had seen a rise in stock value due to strong Rafale sales, witnessed a minor drop. On the other hand, reports of shares of Chengdu Aircraft Corporation, the producer of Pakistan’s J-10C and JF-17 jets, surged.
The initial market reaction suggested that the scale of the tariffs had come as a surprise to investors around the world.
Stock markets across Asia-Pacific and Europe fell Thursday and US markets were also set to open lower after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.
Anleger goutieren, dass es nach dem Wahlsonntag nun für eine Koalition der CDU/CSU mit der SPD reicht, nachdem es in der Vorwoche noch nach unklaren Mehrheiten oder gar einem nötigen Dreierbündnis ausgesehen hatte.
U.S. crude oil prices rose more than 4% on Thursday, on pace for a third consecutive session of gains on fears that Israel could strike Iran‘s oil industry in retaliation for Tehran‘s ballistic missile attack this week.
The president was asked about a potential strike on the oil infrastructure of Iran, which accounts for about 2 percent of the world’s supply.
(02.04.2024)
With the onslaught of new wars, Congress added $70 billion over the last two years to an already bloated Pentagon budget, much of which is funneled directly into the coffers of defense contractors like Palatir, Lockheed Martin, and Northrop Grumman. The stock values in these companies have since experienced double-digit growth – a lucrative business opportunity not overlooked by lawmakers calling the shots.
At least 25 members of Congress sitting on national security committees have simultaneously purchased stock in these very same companies. The majority of these members sit on the Senate and House Armed Services committees, the entities responsible for overseeing the Defense Department budget and contracts.
(02.11.2023)
Since the October 7 attack by Hamas on Israel, in which more than 1,400 Israelis were killed, shares of Boeing Co, Lockheed Martin, Northrop Grumman, and Raytheon Technologies (RTX) have all increased in value, collectively adding roughly $23 billion in market capitalization.
In the weeks preceding the attack, Markwayne Mullin, Kevin Hern, Bill Keating, and Josh Gottheimer purchased shares of those defense companies.
The blue-chip Dow was lower by 519 points, or 1.3%. The S&P 500 lost 1.1% and the Nasdaq Composite fell by 1%.
(18.10.2023)
When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest.
Beyond material progress and architectural marvels that rival ancient wonders, a truly progressive state is marked by its commitment to accountability and justice – a domain where some established democracies have faltered.
After enduring a harrowing 85 days of bombardment resulting in nearly 22,000 killed, including more than 8,000 children and 6,000 women, 1.9 million displaced and the collapse of the health infrastructure, South Africa, a signatory of the Genocide Convention has finally called upon the International Court of Justice (ICJ) to examine the crisis.
This long-awaited step reflects a crucial recognition of the international community‘s role in conflict resolution and human rights protection.
(22.11.2023)
Argentina‘s stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described ‚anarcho-capitalist‘ will bring.
At 0811 GMT, shares in Eramet slumped 19% to EUR61.65.
The company said all operations have stopped and rail traffic has been suspended in the West African country, and that it has begun procedures to ensure the safety of staff and facilities of its two subsidiaries there, Comilog and Setrag.
The former operates the Moanda manganese mine–the world‘s largest–and Setrag is a rail transport company.
Gabon’s dollar bonds due June 2025 and November 2031 were the worst-performing in emerging markets on Wednesday. The 2025 notes fell 8.55 cents to 84.74 cents on the dollar as of 11:48 a.m. in London. Shares in French mining group Eramet SA, oil and gas producer Maurel & Prom SA and a listed unit of TotalEnergies SE, which all have operations in Gabon, sank in Paris trading.
(February 23, 2023)
BAE, whose biggest customers are the United States, Britain, Saudi Arabia and Australia, forecast earnings per share (EPS) would rise 5% to 7% this year, after it posted a 9.5% rise in underlying EPS for 2022 on Thursday, beating forecasts on strong performances from its maritime and cyber units.
(August 25, 2023)
Powell, in a speech at an economic summit in Jackson Hole, Wyoming, said policymakers would „proceed carefully as we decide whether to tighten further,“ but also made clear that the central bank has not yet concluded that its benchmark interest rate is high enough to be sure that inflation returns to the 2% target.
(August 3, 2023)
Oil prices gained about 2% on Thursday as Saudi Arabia and Russia took steps to keep supplies tight into September and possibly beyond.
According to a quarterly report by the Bank on its asset purchase facility – the vehicle it uses to hoover up UK debt on financial markets – losses from bond purchases are poised to balloon by the early 2030s.
After the 2008 financial crisis, the Bank of England started purchasing UK government and corporate debt from financial institutions in an effort to stimulate the economy by pushing down yields.
(25.07.2023)
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New excise and value-added taxes are among the proposals that will be included in a supplementary budget to be tabled in parliament for approval, according to a report published on International Monetary Fund’s website following a review of the East African nation’s finances.
(17.07.2023)
IMF Deputy Managing Directory Antoinette Sayeh said Monday‘s actions would allow Kenyan authorities to continue to address such challenges, sustain market confidence, promote growth, and advance ongoing reforms.
She said approval of Kenya‘s fiscal 2023-2024 budget and the 2023 Finance Act were „crucial steps“ needed to support ongoing consolidation efforts and reduce debt vulnerabilities while protecting social and development expenditures.
Was ist passiert?
Am Wochenende vom 18./19. März 2023 beschloss der Bundesrat, gemeinsam mit der FINMA, der Nationalbank und den Entscheidungsträgern der Banken Credit Suisse und UBS die Fusion der beiden Grossbanken.
Dabei wendete der Bundesrat Notrecht an um diverse gesetzliche Vorgaben, die bei einer Transaktion wie der vorliegenden allenfalls zu beachten wären (sei es u.a. aus dem Fusionsgesetz, Obligationenrecht, Bankengesetz oder dem Wettbewerbsrecht) via «Notverordnung» ausser Kraft zu setzen.
(May 1, 2023)
The government’s takeover and sale of First Republic comes roughly eight weeks after the government took control of Silicon Valley Bank and Signature Bank, whose failures sent a shock wave through the industry and raised fears that other regional banks were at risk of similar runs on deposits.
(April 29, 2023)
Separately, the Wall Street Journal reported on Friday that JPMorgan and PNC are vying to buy First Republic following its seizure by the government, which could come as soon as this weekend.
If the San Francisco-based lender falls into receivership, it would be the third U.S. bank to collapse since March. First Republic said this week its deposits had slumped by more than $100 billion in the first quarter.
(April 4, 2023)
The insider sales went largely unnoticed because Signature Bank, unlike most other S&P 500 companies, filed documents with the Federal Deposit Insurance Corporation instead of the Securities and Exchange Commission. (…)
The bank collapsed and was taken over by federal regulators last month, in the wake of Silicon Valley Bank’s collapse.
(Mar 10, 2023)
Silicon Valley’s failure came with incredible speed, with some industry analysts on Friday suggesting it was a good company and still likely a wise investment. Silicon Valley executives were looking to raise capital early Friday or find additional investors in the company. But trading in its shares had been halted before the opening bell due to extreme volatility.
Shortly before noon eastern time, the Federal Deposit Insurance Corporation announced it was shuttering the bank. Notably, the FDIC did not wait until the close of business to seize the bank, as is typical in an orderly wind down of a financial institution.
Concerns were rising April 17 over oil production and exports in Sudan and its bigger-producing southern neighbor as fighting related to a vicious power struggle between military leaders rolled into a third day.
West Texas Intermediate futures traded above $82 a barrel after posting the longest run of weekly gains since June. A surprise production cut by OPEC+ will tighten the market more than previously expected and lead to further price increases, inflicting more pain on consumers, the IEA said on Friday.
(12.03.2023)
Aramco boosted its dividend — a crucial source of funding for the Saudi Arabian government — to $19.5 billion for the final quarter, up 4% from the previous three-month period.
US and European peers such as Chevron Corp. and Shell Plc also reported blowout earnings and are returning billions of dollars to shareholders through larger dividends and buybacks. Aramco, until now, has instead focused on using its extra cash to increase output.
Following his visit to China on Saturday, UAE President Muhammad bin Zayed al-Nahyan met with Brazilian President Lula de Silva to explore a potential cooperative mediation effort for Russia‘s conflict in Ukraine with China.
It was Saudi Arabia, the UAE, and Kuwait who led the surprise cuts, alongside OPEC’s second-largest producer Iraq and another half a dozen OPEC+ producers, including Russia.
While Russia’s extension of its own 500,000-bpd cut until the end of the year was no surprise – analysts had largely baked in a drop in Russian production in view of the embargoes and price caps on its oil – the move from OPEC’s heavyweights came as a surprise. And sent a clear message to the market—we are in charge.
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The announcement came off the back of energy prices rising after Russia launched its war on Ukraine in February 2022, with sanctions limiting the sale of Moscow‘s oil and natural gas in Western markets. Aramco‘s results mirror the huge profits seen at U.S. and British oil giants.
Der saudi-arabische Ölkonzern war erst 2019 an die Börse gegangen. Er ist das zweitwertvollste Unternehmen der Welt nach Apple. 2022 meldeten auch fünf weitere Ölgiganten Rekordgewinne: Shell, Chevron, ExxonMobil, BP und TotalEnergies.
The war in Ukraine sparked a rally in crude oil and fuel prices that led to record industry profits, prompting the U.S. government and others to accuse Big Oil of profiteering and for Britain and some other governments to impose windfall taxes on energy companies.
Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal debate about leaving OPEC and pumping more oil, but retraced some losses after a source told Reuters this was not true.