LONDON: European stock markets flatlined on Thursday (Jun 4), after an uneventful session earlier in Asia, with trading volumes thin on the US Independence Day holiday, dealers said."European stocks have edged a tad higher while US stock futures are unchanged following Asia's mixed session, one day after new record highs for indexes stateside," said Oanda analyst Dean Popplewell."Trading remains thin due to July 4th US celebrations," he added but sounded caution before Friday's data release of US non-farm payrolls - a key update on the health of the world's biggest economy.'VULNERABLE' DOLLAR"Currently, the dollar trades broadly flat due to the US public holiday but could be vulnerable and ruin traders' weekends if tomorrow's US NFP data comes in on the weaker side."Asian equity markets experienced mixed fortunes, despite a record-breaking performance on Wall Street, as investors turned their focus to Friday's upcoming data while hoping for a big Federal Reserve interest rate … [Read more...] about European stocks steady as US celebrates Independence Day
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LONDON: World stocks struggled and safe haven bets were back in play on Friday with German bond yields plumbing record lows as Chinese data rekindled woes about the health of the global economy and fears of a new U.S.-Iran confrontation intensified.Data from Beijing painted a fairly gloomy picture of the world's second largest economy as the trade war with the United States starts to bite. May industrial output growth slowed to a more than 17-year low, well below expectations, while fixed-asset investment also fell short of forecasts.Expectations for more stimulus in China are growing as the Sino-U.S. trade dispute threatens to escalate into a full-blown trade war that many fear could push the global economy into recession.The data saw yields on German 10-year Bunds - seen as one of the safest assets in the world - fall to fresh record lows. U.S. Treasury yields were also grinding lower. Safe-haven bond yields have already fallen in recent days amid rising speculation about monetary … [Read more...] about China data, Gulf tensions see bond yields slip, stocks suffer
By Avantika Chilkoti WSJ Michael Wursthorn WSJ Wed., May 8, 2019 Major U.S. stock indexes rose slightly Wednesday after President Trump tweeted that Chinese officials were coming to make a deal, injecting some optimism into a market on edge over resurgent trade fears. Stocks from shares of technology companies to industrial manufacturers gained momentum early in the trading session to pull all three major indexes higher. The gains have so far stopped a harsh two-day stretch of declines after President Trump’s threat Sunday to slap higher tariffs on billions of dollars of Chinese imports. The Dow Jones Industrial Average was recently up 81 points, or 0.3%, to 26054, while the S&P 500 added 0.3%. The Nasdaq Composite gained 0.4%. The newfound optimism followed the president’s latest tweet, saying China had “just informed us” that they are “now coming to the U.S. to make a deal,” a comment that appeared to shore up markets. … [Read more...] about Global stocks mixed as uncertainty over trade talks persists
By Sam Goldfarb WSJ Allison Prang WSJ Fri., May 3, 2019 Tesla Inc. has completed a $2.35 billion stock and bond sale, giving the company a much-needed boost of liquidity as it continues its quest to become the first mass producer of electric cars. Meeting solid demand from investors, Tesla was able to increase the size of its convertible bond offering by $250 million to $1.6 billion. It also raised roughly $750 million from its sale of nearly 3.1 million common shares at $243 a share—around $100 million more than originally anticipated, not including expenses related to the sale. The company could ultimately raise as much as $2.7 billion if underwriters exercise options to purchase additional shares and bonds, the company said in a filing with the Securities and Exchange Commission. Shares of Tesla rose 4.3% on Thursday to $244.10 a share after the company began marketing its stock and bonds, an unusual response as shares in firms raising capital … [Read more...] about Tesla completes $2.35 billion stock and bond sale
When The Financial Times’ (FT) mail room informed me that two bottles of ice-cold camel milk had arrived, my heart dropped. I had spent weeks researching and championing camel milk’s status as the “future of dairy” to my colleagues; now I had to taste it. As I went to try the surprisingly thick beverage, my nose wrinkled, my lips pursed. I realised that something I had not expected was holding me back: Prejudice.Camels were first domesticated for their milk in 3,000 BC, according to the UN, and the liquid is a staple in parts of the Middle East and North Africa, where it can be cheaper than cow’s milk. Now it is gaining popularity with producers and customers elsewhere, from health nuts in America to farmers in sub-Saharan Africa reckoning with climate change.The milk is low in lactose, allowing it to be digested by people with a dairy intolerance and cutting into the market share of nut milks.Touted by fanatics for its alleged medical benefits and by … [Read more...] about Camel milk could be the future of dairy. Are you ready for a camelcino?