Ongoing Trade Concerns May Weigh On Wall Street

ADVFN  World Daily Markets Bulletin Daily world financial news Wednesday, 05 September 2018 10:05:14    Monitor Quote Charts News Toplists Forex Boards   Buy Foreclosures Without Using Your Money or Credit Find out More US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to add to the modest losses posted in the previous session. Ongoing trade tensions between the U.S. and its key partners are likely to contribute to continued weakness on Wall Street. A report from Reuters said Canadian Prime Minister Justin Trudeau has indicated Canada will not bend on key demands regarding NAFTA in talks with the U.S. this week. ?There are a number of things we absolutely must see in a renegotiated NAFTA,? Trudeau told reporters on Tuesday. U.S. and Canadian officials are scheduled to hold trade talks in Washington today after failing to reach an agreement last week. Reports President Donald Trump intends to impose tariffs on another $200 billion worth of Chinese imports as soon as a public comment period ends on Thursday may also generate selling pressure. Stocks saw modest weakness during trading on Tuesday as traders returned to their desks following the long, holiday weekend. The major averages ended the day in negative territory but well off their lows of the session. The Dow edged down 12.34 points or 0.1 percent to 25,952.48, the Nasdaq dipped 18.29 points or 0.2 percent to 8,091.25 and the S&P 500 slipped 4.80 points or 0.2 percent to 2,896.72. The weakness on Wall Street came amid lingering concerns about global trade after U.S. and Canadian officials failed to reach an agreement to reform NAFTA. President Donald Trump said in a post on Twitter on Saturday that there is "no political necessity to keep Canada in the new NAFTA deal." "If we don't make a fair deal for the U.S. after decades of abuse, Canada will be out," Trump tweeted. "Congress should not interfere w/ these negotiations or I will simply terminate NAFTA entirely & we will be far better off." Recent reports have suggested Trump also plans to move ahead with tariffs on $200 billion worth of Chinese imports as early as this week. Stocks regained ground following the release of a report from the Institute for Supply Management showing activity in the U.S. manufacturing sector unexpectedly grew at a faster rate in the month of August. The ISM said its purchasing managers index climbed to 61.3 in August from 58.1 in July, with a reading above 50 indicating growth in the manufacturing sector. Economists had expected the index to dip to 57.7. Meanwhile, a separate report released by the Commerce Department showed a modest uptick in construction spending in the U.S. in the month of July. The Commerce Department said construction spending inched up by 0.1 percent to an annual rate of $1.315 trillion in July after falling by 0.8 percent to a revised rate of $1.314 trillion in June. Economists had expected construction to rise by 0.5 percent compared to the 1.1 percent slump originally reported for the previous month. Gold stocks showed a substantial move to the downside on the day, dragging the NYSE Arca Gold Bugs Index down by 4.1 percent. The weakness among gold stocks came amid a decrease by the price of the precious metal. Steel, energy, and computer hardware stocks also saw considerable weakness, while strength was visible among retail and telecom stocks. Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script Click here U.S. Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts With the value of exports falling and the value of imports rising, the Commerce Department released a report ] showing the U.S. trade deficit widened in the month of July. The Commerce Department said the trade deficit widened to $50.1 billion in July from a revised $45.7 billion in June. Economists had expected the deficit to widen to $50.1 billion from the $46.3 billion originally reported for the previous month. At 9:20 am ET, St. Louis Federal Reserve President James Bullard is scheduled to discuss the economy and monetary policy at the ?Real Return XII -- Euromoney Conferences? in New York City New York Fed President John Williams is due to speak at the City of Buffalo Tour event of the Buffalo and Niagara Falls Roadshow in Buffalo, New York, at 12:30 pm ET. At 3 pm ET, Williams is scheduled to discuss the local economy with officials from Niagara Falls and the leadership of the Seneca Nation in Niagara Falls, New York. Minneapolis Fed President Neel Kashkari is due to participate in a town hall forum in Bozeman, Montana, at 4 pm ET. At 6:30 pm ET, Atlanta Fed President Raphael Bostic is scheduled to participate in a fireside chat at the Chicago Council on Global Affairs. Is Donald Trump Launching a NEW SOCIAL SECURITY PROGRAM? Click here for the details. Europe European stocks have fallen on Wednesday as increased trade tensions between the U.S. and its key partners as well as the spreading sell-off in emerging market currencies dented investors' appetite for risk. Markets are also bracing for a potential major escalation in the U.S.-China tariff war as U.S. President Donald Trump readies tariffs on $200 billion more of Chinese imports. The U.S. and Canada will resume trade talks today after four days of negotiations failed to produce a deal last week. While the French CAC 40 Index has slumped by 1 percent, the German DAX Index is down by 0.7 percent and the U.K.?s FTSE 100 Index is down by 0.4 percent. Bayer has dropped in Frankfurt after its second quarter profit missed estimates and the company gave more details of the acquisition of U.S. firm Monsanto. Sanofi has also moved lower in Paris, a day after it agreed to pay more than $25 million to resolve corruption charges. BHP Billiton has also moved to the downside after the global miner picked up a 6.1 percent stake in SolGold PLC for $35.2 million. On the other hand, advertising company JCDecaux has soared after a rating upgrade by Bank of America Merrill Lynch. William Hill shares have also jumped after the bookmaker announced a partnership with U.S. casino group Eldorado Resorts. In economic news, the euro area private sector expanded slightly more than initially estimated in August, final data from IHS Markit showed. The composite output index rose to 54.5 in August from July?s 54.3. The score was marginally above the flash estimate of 54.4. Separately, Eurozone retail sales fell 0.2 percent month-on-month in July, in contrast to a 0.3 percent rise in June, Eurostat reported. This was the first fall since April, when sales were down 0.2 percent. The U.K. service sector expanded at a faster pace in August on stronger new orders, survey data from IHS Markit showed. Strategic Intelligence What?s the one money move that?s almost predestined to soar under Trump? It?s not a stock, a mutual fund or even real estate. Click here to find out what it is. Asia USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts Asian stocks fell on Wednesday to extend recent losses as investors continued to fret about trade tensions and the turbulence in emerging markets, with South Africa slipping into a recession for the first time since 2009. A cautious undertone prevailed after a threat by the United States to impose tariffs on another $200 billion worth of Chinese imports as soon as a public-comment period ends on Thursday. China?s Shanghai Composite Index tumbled 46.24 points or 1.7 percent to 2,704.34, while Hong Kong's Hang Seng Index plunged 729.49 points or 2.6 percent to 27,243.85. Activity in China?s service sector continued to expand in August, albeit at a slower rate, the latest survey from Caixin revealed with a 10-month low PMI score of 51.5.That missed expectations for 52.6 and was down sharply from 52.8 in July. The business sector in Hong Kong continued to contract in August, the latest survey from Nikkei revealed with a PMI score of 48.5. That?s up from 48.2 in July. Japanese shares fell as trade worries persisted and tourism-linked shares succumbed to selling pressure after a powerful typhoon slammed into western Japan, cutting power, overturning cars and killing at least eight people. The Nikkei 225 Index dropped 116.07 points or 0.5 percent to 22,580.83, extending losses for a fourth straight session. The broader Topix Index closed 0.8 percent lower at 1,704.96. Airline ANA Holdings dropped 1.8 percent, cosmetic maker Shiseido lost 4.2 percent and Fancl Corp plunged 9.7 percent. Line Corp, a subsidiary of the South Korean internet search giant Naver Corporation, plummeted 5 percent on fund raising reports. Meanwhile, market heavyweight Fast Retailing climbed 3.2 percent after unveiling strong monthly sales figures. On the economic front, the service sector in Japan expanded at a faster in August, the latest survey from Nikkei revealed with a PMI score of 51.5, up from 51.3 in July. Australian stocks tumbled despite second quarter GDP data coming in above expectations. The benchmark S&P/ASX 200 Index slumped 62.70 points or 1 percent to 6,230.40, while the broader All Ordinaries Index ended down 59.70 points or 0.9 percent at 6,339.20. Australia's GDP grew a seasonally adjusted 0.9 percent in the second quarter, the Australian Bureau of Statistics said. That beat forecasts for a gain of 0.7 percent following the 1.0 percent increase in the three months prior. On a yearly basis, GDP was up 3.4 percent, the fastest pace in six years. Separately, another survey showed that the service sector in Australia continued to expand in August, albeit at a slower pace. The corresponding index stood at 52.2 in the month, down from 53.6 in July. Miners BHP Billiton, Fortescue Metals Group, Rio Tinto and South32 slumped 2-3 percent after commodity prices fell sharply overnight on concerns that renewed trade tensions between the U.S. and its partners may hamper global economic growth. Lender Westpac Banking Corp dropped 1.3 percent after settling a record A$35 million ($25 million) fine for wrongly approving thousands of mortgages. The other three banks ended down between 0.7 percent and 0.9 percent. Energy stocks also closed broadly lower, with Origin Energy and Oil Search losing 1.2 percent and 1.7 percent, respectively. Discover the NUMBER 1 Trading Strategy You Need to Know During Uncertain Market Conditions. Consistent and safe returns up to 40% Download Free Training Material Commodities Crude oil futures are tumbling $0.95 to $68.92 a barrel after inching up $0.07 to $69.87 a barrel on Tuesday. Meanwhile, after falling $7.60 to $1,199.10 an ounce in the previous session, gold futures are edging up $0.90 to $1,200 an ounce. On the currency front, the U.S. dollar is trading at 111.51 yen compared to the 111.41 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1587 compared to yesterday?s $1.1582.     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 05 September 2018 10:38:19 Monitor Quote Charts News CFD's Compare Brokers Free BB   Bargain Blue Chips 5 stocks trading significantly below their 2018 highs Seeking out undervalued companies that can offer attractive potential for a bounce back to what investors feel represents their "fair value" is a strategy often favoured by FTSE investors. With this approach in mind, our latest report looks at 5 Bargain Blue Chip stocks; medium-term charts, potential support and resistance levels, broker recommendations and target prices 78% of retail clients lose money, consider affordability. Get the report here » London open: Stocks slip as miners retreat; housebuilders in focus FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London stocks slipped in early trade on Wednesday, with miners under pressure after disappointing Chinese data, as investors eyed the resumption of trade talks between the US and Canada and the latest reading on the UK services sector. At 0825 BST, the FTSE 100 was down 0.3% to 7,433.01, while the pound was off 0.2% versus the dollar at 1.2833 and flat against the euro at 1.1097. CMC Markets analyst Michael Hewson said: "The main preoccupation for investors continues to be on whether the US is serious about arriving at some form of deal with Canada over NAFTA in the wake of President Trump’s tweets at the weekend, that it wasn’t and isn’t a political necessity to get a deal. "In addition to that anxiety levels are growing ahead of the weekend and the possible imposition of another $200bn worth of tariffs on Chinese goods later this week." Canadian foreign minister Chrystia Freeland is due to meet US trade representative Robert Lightizer in Washington later on Wednesday after the US and Canada failed to agree a trade deal last Friday, which was the original deadline. On the data front, Markit's services PMI at 0930 BST is expected to show a slightly improvement to 53.9 in August from 53.5 in July. Konstantinos Anthis, head of research at ADSS, said: "If today's services data prints lower as well - as expected - then the pound will find it hard to extend its gains and with the dollar in the ascendancy ahead of the non-farm payrolls it looks more likely that cable will revisit its 1.28 lows and possibly break below them." Miners were under the cosh following weaker-than-forecast Chinese services data, with Anglo American, BHP Billiton and Rio Tinto all weaker. The Caixin China services purchasing managers' index fell to 51.5 in August from 52.8 the month before, marking the lowest reading in 10 months and missing expectations for a reading of 52.7. BHP Billiton was also in the spotlight as it agreed to buy Guyana Goldfields' 6.1% interest in SolGold, the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador, for 26.592p a share. Housebuilders were in focus as Berkeley Group issued a trading statement and Barratt Developments released its final results. Barratt edged higher after saying it aims to build 3-5% more houses over the coming years at higher margins and posting a 9.2% jump in full-year pre-tax profit to £835.5m. Berkeley was also on the front foot as it said pricing has remained robust in the first four months of the year but added that the market "lacks urgency", while London remains constrained by high transaction costs, restrictive income multiple limits on mortgage borrowing and economic uncertainty. William Hill rallied after saying it has teamed up in the US with casino group Eldorado Resorts as exclusive partner in the provision of digital and land-based sports betting services as well as online gaming. Whitbread was lifted to 'neutral' by Bank of America Merrill Lynch following its agreement last week to sell the Costa coffee chain to Coca-Cola. Antofagasta was upgraded to 'equalweight' by Morgan Stanley, while BP was upped to 'overweight' by MS and Wizz Air was initiated at 'equalweight'. Vodafone was boosted to 'outperform' at Bernstein, while Peel Hunt downgraded Footasylum to 'sell' but upped Restaurant Group to 'reduce'. Invest in the revolutionary combustion technology that’s reducing emissions and cutting costs – with 400% Projected ROI by year 3 Find Out More Market Status   FTSE 100   change pct -0.41%   cur price 7,427.64   change -30.22   FTSE 250   change pct -0.15%   cur price 20,518.53   change -30.08   FTSE TechMARK   change pct -0.23%   cur price 3,488.99   change -8.11 Top 10 FTSE 100 Risers Sponsored by Interactive Investor   #   Name Change Pct Change Cur Price 1 Smurfit Kappa Group +1.06% +34.00 3,234.00 2 International Consolidated Airlines Group +0.98% +6.80 702.60 3 3i Group +0.97% +8.80 917.80 4 Centrica +0.80% +1.15 144.35 5 Glencore +0.74% +2.30 313.30 6 Paddy Power Betfair +0.71% +50.00 7,065.00 7 Berkeley Group Holdings +0.70% +24.50 3,534.50 8 Merlin Entertainments Plc +0.63% +2.40 380.60 9 Babcock International Group +0.63% +4.40 707.20 10 Admiral Group +0.57% +12.00 2,108.00 Top 10 FTSE 100 Fallers Sponsored by Interactive Investor   #   Name Change Pct Change Cur Price 1 Coca Cola HBC AG -2.67% -71.00 2,588.00 2 Mediclinic International plc -1.70% -8.50 490.20 3 Unilever Plc -1.53% -66.50 4,290.50 4 Rolls-Royce Holdings -1.48% -14.80 985.20 5 Shire Plc -1.30% -58.50 4,433.00 6 Barclays -1.28% -2.32 178.70 7 ITV Plc -1.18% -1.90 159.10 8 Fresnillo plc -1.15% -10.00 860.40 9 Burberry Group -1.14% -25.00 2,175.00 10 Diageo -1.12% -30.50 2,689.00 eToro Daily Update 05/09/2018 Today’s highlights: Global markets follow Wall Street’s slump Amazon briefly hits $1 trillion: Despite the negative momentum in US markets, a few stock reached new all-time highs yesterday, including Apple, Visa, Mastercard, Nvidia, Square and PayPal. Amazon also closed at an all-time high, not before briefly crossing the $1 trillion mark, becoming the second Wall Street stock after Apple to achieve the feat. Bitcoin rises above $7,300: 7 of the top 10 cryptos registered gains over the past 24 hours, including Bitcoin, which was holding above the $7,300 mark at the time of writing. Of the top 10 cryptocurrencies, Stellar showed the most gains, up more than 3.6%. Asian markets seen significantly lower: The Hang Seng and China50 indices were both down by more than 1.4% at the time of writing, joined by the Nikkeiindex. Read More.. US close: Stocks slip as trade remains in focus Stocks on Wall Street kicked September off on the back foot on Tuesday as traders kept an eye on trade developments and digested the latest manufacturing data. The Dow Jones Industrial Average ended down 0.1% at 25,952.48, while the S&P 500 and the Nasdaq fell 0.2% to 2,896.72 and 8,091.25, respectively. Spreadex's Connor Campbell said: "Not only is the Dow dealing with the likelihood Donald Trump is preparing to impose tariffs on a further $200bn of Chinese imports once the deadline for public consultation on the plan ends on Thursday - a move that will no doubt provoke a response from Beijing - the index is also suffering in the face of investors fleeing to the safety of the dollar." Meanwhile, all eyes were on US talks with Canada after the two countries failed to reach an agreement last week, with discussions set to resume on Wednesday. Over the weekend President Trump suggested that Canada could be left out of a deal with Mexico. He tweeted: "There is no political necessity to keep Canada in the new NAFTA deal. If we don't make a fair deal for the US after decades of abuse, Canada will be out. Congress should not interfere w/ these negotiations or I will simply terminate NAFTA entirely & we will be far better off." On the data front, the seasonally adjusted IHS Markit US manufacturing purchasing managers' index came in at 54.7 in August, down from the 55.3 posted a month earlier and matching economists’ forecasts for the weakest reading for the gauge since November 2017. Meanwhile, the Institute of Supply Management's August manufacturing PMI was 61.3%, its highest level since May 2004 and an increase of 3.2% from July's reading of 58.1%. In corporate news, Transocean shares slumped after it agreed to buy Ocean Rig in a cash and stock transaction valued at around $2.7bn, including the firm's debt. Shares in furniture and electronics retailer Conn's tumbled after the release of its second-quarter results, while Nike ended in the red following the announcement that NFL player and civil rights activist Colin Kaepernick would be the face of its 30th anniversary 'Just Do It' campaign. Facebook was also weaker as Moffett Nathanson downgraded the stock to 'neutral’ from 'buy’. Southwestern Energy ended lower as it announced the sale of its Fayetteville Shale E&P and related midstream gathering assets for $1.87bn. Amazon hit an all-time high of $2,050 during Tuesday’s session. Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits Wednesday newspaper round-up: Amazon, Google Chrome, Mike Ashley, Pfizer A radical overhaul of Britain’s economy as far-reaching as Labour’s post-war reforms and the Thatcherite revolution in the 1980s is needed to address the UK’s chronic failure to raise the standard of living of millions of workers since the 2008 financial crash, according to a major report. In a damning verdict on the state of the UK economy, the IPPR commission on economic justice, which includes the Archbishop of Canterbury Justin Welby, senior business leaders and economists, found that the UK is being held back by a business culture dominated by decades of short-term profit taking, weak levels of investment and low wages. – Guardian Amazon has become the second company to be valued by Wall Street at $1tn, a matter of weeks after Apple reached the milestone first. On Tuesday, a rise in the share price of Amazon, which is listed on the Nasdaq stock exchange in the US, briefly took it above the trillion-dollar watermark for the first time. Crossing the $1tn threshold marks the latest chapter in an astonishing story of growth for the company, founded by businessman Jeff Bezos in Seattle in 1994. - Guardian Millions of British households could be left vulnerable to a glitch in the Google Chrome web browser which has exposed their household Wifi networks to a new form of hacking, researchers have claimed. A weakness in the source code contained in the US tech giant's popular browser means that hackers could infiltrate the Wifi networks of British homes in as little as one minute, according to experts from cybersecurity consultancy SureCloud. - Telegraph Sports Direct boss Mike Ashley has taken a further swipe at former House of Fraser chairman Frank Slevin, accusing him of retaining a company car and flat as the retailer collapsed. The tracksuit tycoon bought troubled department store chain House of Fraser out of administration for £90m in August, vowing to transform it into the “Harrods of the High Street”. However, he has been locked in a standoff with warehouse operator XPO over the £30.4m it was owed when House of Fraser went bust. - Telegraph Pfizer is to spend about $100 million on preventive Brexit measures such as transferring product testing and licences from the UK to other European countries. The American pharmaceuticals group said that it also would accumulate one-off costs from updating its clinical trial management procedures and making other “adaptations” to protect its business in Europe. Pfizer, which is valued at $243 billion, makes about 2 per cent of its $52.5 billion worldwide revenue in the UK. The company has long enjoyed a close relationship with Britain and discovered Viagra, the erectile dysfunction drug, at its research site in Sandwich, Kent. - The Times Companies using NHS patient records to build the next generation of healthcare tools will have to demonstrate that any commercial gains they make are shared “fairly” with the NHS, ministers will say today. The Department for Health has drawn up a code of conduct for technology firms that use the NHS’s “unique” data to train their algorithms. - The Times   To advertise in the Euro Markets Bulletin please contact advertise@advfn.com     ADVFN Disclaimer Although we have sent you this email, ADVFN does not endorse any product or company nor is it responsible for the content of this news bulletin. We have not independently reviewed the information; claims or testimonials provided within the news bulletin and make no guarantee or warranty regarding its content. The opinions and recommendations expressed in this email are not those of ADVFN. Add us to your address book Unsubscribe from ADVFN news bulletin Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gables, Fyfield Road, Ongar, Essex, CM5 0GA. Support Tel: 0207 0700 961 Company registered in England and Wales: Number 2374988 VAT No: GB 549 2130 49

Trade Concerns May Lead To Initial Weakness On Wall Street

ADVFN  World Daily Markets Bulletin Daily world financial news Tuesday, 04 September 2018 09:41:06    Monitor Quote Charts News Toplists Forex Boards   Buy Foreclosures Without Using Your Money or Credit Find out More US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a lower opening on Tuesday, as traders return to their desks following the long, holiday weekend. Lingering concerns about global trade are likely to weigh on the markets after U.S. and Canadian officials failed to reach an agreement to reform NAFTA. President Donald Trump said in a post on Twitter on Saturday that there is ?no political necessity to keep Canada in the new NAFTA deal.? ?If we don?t make a fair deal for the U.S. after decades of abuse, Canada will be out,? Trump tweeted. ?Congress should not interfere w/ these negotiations or I will simply terminate NAFTA entirely & we will be far better off.? Stocks showed a lack of direction during trading on Friday before ending the session rough flat. The major averages ended the day on opposite sides of the unchanged line. The major averages ended the session mixed. While the Dow edged down 22.10 points or 0.1 percent to 25,964.82, the S&P 500 inched up 0.39 points or less than a tenth of a percent to 2,901.52 and the Nasdaq rose 21.17 points or 0.3 percent to 8,109.54. The choppy trading on Wall Street comes after President Donald Trump warned that he could pull the United States out of the World Trade Organization Trump claimed he would evacuate the international trading group if it doesn't treat the U.S. better, making it the latest agreement to be targeted as part of the president's "America First" trade strategy. "If they don't shape up, I would withdraw from the WTO," Trump told Bloomberg News in an Oval Office interview on Thursday. According to Trump, the treaty establishing the trade body was "the single worst trade deal ever made." Traders also expressed uncertainty ahead of a deadline for U.S. and Canadian officials to reach a new NAFTA agreement. Most of the major sectors showed only modest moves on the day, contributing to the lackluster performance by the broader markets. Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script Click here U.S. Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts At 10 am ET, the Institute for Supply Management is scheduled to release its report on activity in the manufacturing sector in the month of August. The purchasing managers index is expected to dip to 57.7 in August from 58.1 in July, although a reading above 50 would still indicate growth in the manufacturing sector. The Commerce Department is also due to release its report on construction spending in the month of July at 10 am ET. Construction spending is expected to rise by 0.5 percent. Is Donald Trump Launching a NEW SOCIAL SECURITY PROGRAM? Click here for the details. Europe European stocks are broadly lower on Tuesday as rising trade tensions and a sell-off in emerging market currencies, particularly in Argentina and Turkey, kept investors nervous. U.S.-China trade tensions remained in focus ahead of looming U.S. tariffs on Chinese imports as early as this week. Meanwhile, talks between U.S. and Canadian negotiators will resume on Wednesday after they failed to reach an agreement last week. While the U.K.?s FTSE 100 Index has fallen by 0.5 percent, the German DAX Index and the French CAC 40 Index are down by 1.3 percent and 1.6 percent, respectively. Banks are moving higher after Fitch Ratings affirmed Italy's triple-B rating on the country's debt and Italy's Deputy Prime Minister Matteo Salvini said the country's 2019 deficit would not breach the limit set by the European Union. Meanwhile, miners Anglo American, Antofagasta and Glencore have fallen as London copper prices linger near two-week lows. Dutch banking firm ING Group NV has tumbled after it agreed to pay a fine of 775 million euros to end a money-laundering probe by Dutch authorities. German wind turbines maker Nordex Group has jumped after winning an order for 99 MW project from Argentina. French re-insurer Scor has soared after it rejected a friendly takeover offer by Covea. Advertising giant WPP has slumped in London after it expressed concern about underperforming operations in the United States. In economic news, U.K. like-for-like sales rose by 0.2 percent year-on-year in August, figures from the British Retail Consortium and KPMG showed. Total sales advanced 1.3 percent annually. Strategic Intelligence What?s the one money move that?s almost predestined to soar under Trump? It?s not a stock, a mutual fund or even real estate. Click here to find out what it is. Asia USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts Asian stocks ended mixed on Tuesday as rising trade tensions and the sell-off in emerging market currencies, particularly in Argentina and Turkey, kept investors in a defensive mode. China's Shanghai Composite index rallied 29.85 points or 1.1 percent to 2,750.58, while Hong Kong's Hang Seng Index jumped 260.80 points or 0.9 percent to 27,973.34. Japanese stocks ended flat ahead of U.S.-Canada trade talks as well as the August U.S. jobs data due this week. The benchmark Nikkei 225 Index ended largely unchanged with a negative bias at 22,696.90, while the broader Topix Index closed 0.1 percent lower at 1,718.24. Exporters, Canon, Toyota, Panasonic and Honda Motor fell between 0.4 percent and 1.2 percent despite a weaker yen. In economic news, Japanese companies' capital spending increased the most in more than a decade in April to June period, data from the Finance Ministry revealed. Capital spending surged up 12.8 percent year-on-year in the June quarter, faster than the 3.4 percent increase a quarter ago. This was the strongest growth since 2007. Seoul stocks closed higher as foreign investors lapped up large-cap tech and bio companies. The benchmark Kospi recovered from early losses to finish up by 8.69 points or 0.4 percent at 2,315.72. South Korea's economic growth eased more than initially estimated in the three months ended June, latest figures from Bank of Korea showed today. GDP grew 0.6 percent sequentially in the second quarter, revised down from 0.7 percent rise seen in the flash report. During the first quarter, the rate of expansion was 1.0 percent. Australian shares fell modestly as the country's central bank maintained its benchmark interest rate unchanged, as widely expected, and economic reports on manufacturing and current account balance painted a mixed picture of the economy. The benchmark S&P/ASX 200 index dropped 17.80 points or 0.3 percent to 6,293.10, while the broader All Ordinaries Index ended down 17.60 points or 0.3 percent at 6,398.90. The big four banks fell between 0.6 percent and 1.4 percent on reports that the Royal Commission inquiry would include superannuation funds, among others. Whitehaven Coal lost 7.6 percent on going ex-dividend. Gold miner Evolution Mining soared 5.2 percent after it forecast gold output of at least 700,000 troy ounces over the next three years. Shares of Kogan.com slumped 9 percent after the online retailer's co-founders Ruslan Kogan and David Shafer offloaded A$40 million of the company's shares. Discover the NUMBER 1 Trading Strategy You Need to Know During Uncertain Market Conditions. Consistent and safe returns up to 40% Download Free Training Material Commodities Crude oil futures are spiking $1.35 to $71.15 a barrel after falling $0.45 to $69.80 a barrel last Friday. Meanwhile, an ounce of gold is trading at $1,199.20, down $7.50 from the previous session?s close of $1,206.70. On Friday, gold rose $1.70. On the currency front, the U.S. dollar is trading at 111.25 yen compared to the 111.07 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is valued at $1.1566 compared to last Friday?s $1.1619.     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49