Trade
Unwinding of carry trade will benefit Japan, Monex Group’s Koll says
Corrections in the yen and the unwinding of the carry trade are positive developments for Japan, said Jesper Koll, a veteran investor who remains bullish on the Japanese market. “It forces investors to focus on the real Japan strategy … not just a quick carry trade, borrowing at close to zero interest rates in Japan […]
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‘Diversification is your free lunch’ as market dynamics shift, CEO of world’s largest index provider says
Diversification into smaller stocks is a “free lunch” for long-term investors as market trends shift, according to the head of the world’s largest index provider. After a period of concentration into the “Magnificent Seven” mega-cap tech stocks — comparable to the dotcom bubble of the 1990s — traders are diversifying their strategies with small caps […]
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China’s exports miss expectations in July, while imports pick up with growth of 7.2%
Cargo ships loaded with cars and containers for export are departing at the port of Yantai in Yantai, China, on July 31, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday. Exports in U.S. dollar terms […]
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Italy’s Meloni vows to ‘relaunch’ cooperation with China
Italy and China flag together realtions textile cloth fabric texture Oleksii Liskonih | Istock | Getty Images Italian Prime Minister Giorgia Meloni vowed on Sunday to “relaunch” cooperation with China, signing a three-year action plan during her first official visit to Beijing since taking office. Meloni, who has led a right-wing government since 2022, made the announcement during a meeting with Chinese […]
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Trump 2.0 could go ‘nuclear’ on China trade, while economists say Harris would remain tough
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty Images Former President Donald Trump would likely take his trade war and economic decoupling policies to new levels if he were elected to […]
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European officials get excited about Kamala Harris — but are still hedging their bets
US Vice President Kamala Harris seen attending the 2024 Munich Security Conference on February 16, 2024 in Munich, Germany. Johannes Simon | Getty Images There’s a renewed sense of excitement among European officials as U.S. Vice President Kamala Harris becomes the frontrunner for the Democratic nomination ahead of the all-important election this fall. The U.S. […]
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CNBC Daily Open: Dow drops, Netflix beats estimates, Nvidia rebounds
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says
Tensions are ratchetting up between U.S. and its major trading partners. In the latest, Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. That follows new tariff rates on $18 billion worth of Chinese imports — including electric vehicles, […]
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Ex-Trump aide Peter Navarro to speak at RNC hours after leaving jail
Former Donald Trump adviser Peter Navarro holds a press conference before turning himself into a federal prison on March 19, 2024, in Miami, Florida. Joe Raedle | Getty Images Peter Navarro, the former Trump trade advisor who was convicted of defying a subpoena from the House committee investigating the Jan. 6 Capitol riot, is set […]
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EU countries divided on Chinese EV tariffs in vote, Reuters reports
Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images European Union governments exposed divided views on the merits of EU tariffs on imports of China-built electric vehicles in a non-binding but still influential vote, sources with knowledge of the vote said on Tuesday. The European Commission, which oversees […]
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