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Wall St. lower as tech stocks sell-off on Huawei fallout worries

22 mins ago DieselGasoil Comments Off on Wall St. lower as tech stocks sell-off on Huawei fallout worries
(Reuters) – U.S. stocks fell on Monday, as Washington’s crackdown on China’s Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan Read More

India’s stocks flying high as PM Modi is set to secure second term

51 mins ago DieselGasoil Comments Off on India’s stocks flying high as PM Modi is set to secure second term
Benchmark Indian indices have closed with gains and came close to their all-time highs after exit polls showed that the country’s ruling alliance led by Prime Minister Narendra Modi’s party is likely to win the general election. Both S&P BSE Sensex and the NSE Nifty 50 were up more than three percent as of Monday’s Read More

Wall St. drops as tech stocks tumble on Huawei fallout fears

1 hour ago DieselGasoil Comments Off on Wall St. drops as tech stocks tumble on Huawei fallout fears
(Reuters) – U.S. stocks fell on Monday, as a crackdown on China’s Huawei Technologies raised concerns of a bigger impact on chipmakers and added to fears of an escalation in trade war between the two nations. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. Read More

Tech stocks drag Wall Street lower at open

2 hours ago DieselGasoil Comments Off on Tech stocks drag Wall Street lower at open
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid (Reuters) – The Nasdaq Composite index fell more than 1% at the open on Monday, weighed down by fears about the impact on major technology companies from the United States’ crackdown on China’s Huawei Read More

Chinese farm stocks gaining as US-China trade war escalates

4 hours ago DieselGasoil Comments Off on Chinese farm stocks gaining as US-China trade war escalates
The latest exchange of tariff hikes between Washington and Beijing have driven Chinese banking and tech stocks lower. However, the turmoil has benefited the country’s agricultural sector which managed to outperform. The long-running trade dispute between the world’s largest economies has intensified recently, adding to investor concerns. Earlier this month, US President Donald Trump announced Read More

Chips are down: Huawei U.S. blacklisting knocks EU semiconductor stocks

7 hours ago DieselGasoil Comments Off on Chips are down: Huawei U.S. blacklisting knocks EU semiconductor stocks
LONDON (Reuters) – European chipmakers Infineon Technologies, AMS and STMicroelectronics fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown. FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner STMicro Read More

China’s farm stocks defy Sino-U.S. trade rout on local demand expectations

10 hours ago DieselGasoil Comments Off on China’s farm stocks defy Sino-U.S. trade rout on local demand expectations
SHANGHAI (Reuters) – The fresh escalation in the long-running Sino-U.S. trade dispute prompted a sharp selloff in Chinese markets last week with the yuan and banking and tech stocks hit particularly hard though some sectors, like farming, managed to outperform. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, Read More

Trade uncertainty darkens U.S. small caps outlook

11 hours ago DieselGasoil Comments Off on Trade uncertainty darkens U.S. small caps outlook
NEW YORK (Reuters) – Shares of smaller publicly listed U.S. companies have fallen more on recent U.S.-China trade tensions than larger corporations and could face an even rougher road as the year wears on unless the prospects for economic growth improve. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Exclusive: Saudi’s Falih says oil stocks still building, but OPEC to act if needed

2 days ago DieselGasoil Comments Off on Exclusive: Saudi’s Falih says oil stocks still building, but OPEC to act if needed
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building. Saudi Minister of Energy Khalid al-Falih speaks during financial Read More

Wall St. falls as trade anxieties spike

3 days ago DieselGasoil Comments Off on Wall St. falls as trade anxieties spike
NEW YORK (Reuters) – Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. While all three major U.S. indexes struggled for direction for much of the session, they turned Read More