With China growing increasingly nervous about the prospect of a trade war with the US, the nation's official mouthpiece People's Daily warned that a trade war between China and the United States would harm both countries, reflecting concerns over Trump's stated protectionist, anti-China stance.
The day the Dow crosses 20,000 may finally be here, because with DJIA futures trading 65 points higher in premarket trading, added to yesterday's close of 19,912 and latest record high in the S&P, it means that all it will take is a modest of only 25 points for the critical Dow threshold to be finally breached. Celebrating the upcoming record, world stocks hit a 19-month high on Wednesday, lifted by strong Japanese trade data, strong European company earnings and hopes that U.S. President Donald Trump will press ahead with a large fiscal spending package.
Submitted by Saxo Bank's Martin O'Rourke via TradingFloor.com,
As we reported yesterday, there was one reason why bitcoin quickly became the darling of HFT and various high speed algo traders operating out of China - which is home to about 10 significant bitcoin venues, with a majority of trades executed on the top three, and which recently accounted for as much as 98% of global bitcoin trading: domestic transactions were "frictionless", as there were no fees on buys or sells.
China is wasting no time to project power in a world in which it believes Donald Trump's "America First" doctrine has created a "superpower vacuum."
One day after a senior Chinese diplomat said on Monday that Beijing is prepared to "assume a role of world leadership if others step back from that position" after U.S. President Donald Trump pledged in his first speech to put “America first”, Beijing has reportedly deployed an advanced Dongfeng-41 ICBM system in Heilongjiang Province, which borders with Russia.