U.S. financial markets seem unfazed by a sequence of negative developments on the trade front. The May 17 date set by Paul Ryan, Speaker of the U.S. House of Representatives, for Congress to approve a revised North American Free Trade Agreement has passed with no resolution. The European Union, a major U.S. ally, resents the June 1 deadline President Donald Trump has set for imposing tariffs on steel and aluminum unless the EU accepts reduced export quotas.Perhaps most important, Trump said last week that he doubts trade negotiations with China will succeed. He had demanded that China's trade surplus with the U.S. be reduced sharply from $375 billion to $175 billion, a target that the Chinese authorities have not been willing to meet, we learned Sunday. The two sides have avoided a trade war so far, U.S. Treasury Secretary Steven Mnuchin said in a television interview Sunday, but they still seem far apart in their positions. Failure of talks could still prompt … [Read more...] about Markets Are Wrongly Discounting Trade Risks
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Airbus and Boeing may have built their global success on the back of the transcontinental airliners but they are now eyeing a lucrative if rather less glamorous side of the aviation sector in their battle to dominate the skies -- parts and repairs. While booming demand for air travel across has seen the world's top plane makers ramp up production, it is the multi-billion-dollar after-sales service market that is taking an increasing amount of their attention. The aircraft titans are aggressively expanding their presence in the sector, which is dominated by maintenance, repair and overhaul of aircraft but also covers other services, from training to parts supply. The European and American firms have long done some business in after-sales support, but they are now moving to win greater market share and take on other players like Germany's Lufthansa Technik and US-based AAR. "The services market is more lucrative than actual aircraft sales because it has more potential and it covers many … [Read more...] about Airbus, Boeing fly into lucrative services market
Children and their grandparents will enjoy free tea, cake and a 1950s music as part of community celebrations on Haverhill market on Saturday.Students from Castle Manor Academy have been working with community arts teacher Louise Gridley and St Edmundsbury Borough Council, to organise a number of events as part of the national Love Your Local Market fortnight.Students will lead a community hat parade at 11am from the Arts Centre to the market for a tea party involving young people from the school and their grandparents. There will also be a hat making workshop for senior citizens.The Haverhill & District Local History Group will have an exhibition about the origins of the market while senior residents will be invited to share their own stories of its history.Young people will be taking the chance to develop their own entrepreneurial and leadership skills by running their own market stall for free.There will also be a competition for the most inventive market calls.Miss Gridley … [Read more...] about Haverhill Market’s history to be explored at celebration event
More than £60 billion was wiped off the value of leading shares in panicked early trading at the start of another “heart-stopping” day of turmoil in the City. The FTSE-100 index of Britain’s biggest companies slumped more than 250 points to 7079.41, its lowest level since late 2016, within minutes of the London Stock Market opening at 8am. The sell-off followed the record-breaking 1175.21 plunge in the Dow Jones Industrial Average on Wall Street yesterday that sent shock waves around the world. However, after the initial plunge in European stock markets they steadied and by mid-morning the FTSE-100 stood at 7189.64, down only 145.34 points, or 1.98 per cent. This was still enough to slash £37 billion from the value of blue-chip shares but led analysts to describe this week’s gyrations as “a correction not a crash”. Jacob Deppe, head of trading at online trading platform Infinox, said: “While the fall in … [Read more...] about £60 billion turmoil in early City trading but markets bounce back
THE STOCK market has enjoyed its best start to a year since 1987, while bonds are said to be on the way down. These are puzzling times for investors, but does that mean now is a good moment to review what you are invested in? The all-important US market has been on steroids so far in 2018, gaining 4.3 per cent in the first two weeks of the year and helping the UK market to reach new all-time highs too. Loading article content But can this situation continue? According to Alistair Strang, chart software inventor and founder of Argyll-based Trends and Targets, if the US continues on its current “lunatic” track, London’s blue-chip FTSE 100 index could in due course reach an all-time high of 8,711. Although it would be unlikely to stay at that level for long, Mr Strang said the index would have to fall some way before causing concern for investors. “For the FTSE to justify concern, the index needs to slip below 7,580 - just to indicate the surge since … [Read more...] about With stock markets soaring is it time to reassess your investments?