Archives of “November 12, 2019” day

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Heads up for a Trump speech due Tuesday (US time)

  
Analysis, Politics

The US President is due to speak at the Economic Club of New York on Tuesday 12 November

Ears will be tuned in for any mention of what he is thinking on US-China trade talks.
Ummmm … am I going to get into strife I suggest the most we can expect is vague, general, non-specific comments?
‘Talks are gong great’ … “Talks are not going great’.
That sort of thing?
I don’t expect anything more than that, but maybe they’ll be enough to move markets.
The US President is due to speak at the Economic Club of New York on Tuesday 12 November

US President Trump expected to delay auto tariff decision for 6 more months

  
Analysis, Politics
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US political reporting website Politico with the info

  • Trump is expected to announce this week
  • putting off a decision on whether to impose tariffs on European Union autos for another six months
Poltico cite “a person familiar with the decision”
Link for more
And … bear this in mind:
  • The person with familiar the decision cautioned there is always uncertainty surrounding Trump’s final determination when it comes to trades and tariffs. But barring some unforeseen development, the president is expected to announce another six-month delay, the person said.

Overnight US Market : Dow record close

  
Analysis, US Market
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It could have been worse.

The US had a semi holiday today in observance of Veterans Day. The bond market was closed, government offices were closed (so no economic news). The US stock markets were open, however.
After opening lower and extending to the downside, a slow grind higher took the Dow into positive territory. The S&P and Nasdaq stilll ended down, but well off the lows.
The final numbers are showing:
  • The S&P index fell -6.07 points or -0.20% to 3087.01
  • The NASDAQ index fell -11.036 points or -0.13% t0 8464.27
  • The Dow rose 10.25 points or 0.04% to 27691.49.
The Dow gain was good enough for a record close once again. The S&P and NASDAQ which also closed at record levels on Friday, could not repeat the feat today.
Below is a graphical look at the percentage high, low, and close for the major indices in North America and Europe today.
The Dow closes at a new all-time record high
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