China's Trade Surplus With US Hits All Time High At Worst Possible Time
Related Articles

Visit the full article


  • China's Trade Surplus With US Hits All Time High At Worst Possible Time

    Overnight China reported its June trade data, which showed that export growth moderated modestly from 12.3% Y/Y in May to 11.3% in June, above the 9.5% consensus, however imports decelerated meaningfully, sliding from 26.0% Y/Y in May to just 14.1% in June, well below the 21.3% estimate, which may be related to the imports tariff cuts on automobiles and selected consumer goods effective on July 1.

    In sequential terms, exports increased 0.4% M/M, at the same pace as in May, while imports...


  • The Nasdaq hits an all-time high

    All three major US indices rose Thursday, with tech stocks lifting the Nasdaq Composite index to a record high, as markets shook off an escalating trade war and eyed earnings season. The dollar and Treasury yields climbed higher. 

    Here is the scoreboard:

    Dow Jones industrial average: 24,925.63 +225.18 (+0.91%)

    S&P 500: 2,795.22 +21.20 (+0.76%)

    Nasdaq Composite Index: 7,823.92 +107.30 (+1.39%)

    Consumer prices in the US rose last month at the fastest pace in six years. Inflation jumped 2.9%...


  • The Nasdaq hits an all-time high

    David Ryder/Getty Images

    All three major US indices rose Thursday, with tech stocks lifting the Nasdaq Composite index to a record high, as markets shook off an escalating trade war and eyed earnings season. The dollar and Treasury yields climbed higher. 

    Here is the scoreboard:

    Dow Jones industrial average: 24,925.63 +225.18 (+0.91%)See the rest of the story at Business Insider

    NOW WATCH: 5 science facts that 'Jurassic World: Fallen Kingdom' totally ignored

    See Also:MORGAN STANLEY: The stock...