Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Stock Market News: 18 November 2019

Stock Market News: 18 November 2019



The S&P 500 and Dow turned slightly positive on Monday as investors looked at mixed signals of progress in the interim US-China trade agreement.

Here are the main market movements as of 11:50 am ET:

  • S&P 500 ( ^ GSPC ) : + 0.01% or 0.46 points

  • Dow ( DJI ) : + 0.06%, or 16.62 points

  • Nasdaq ( ^ IXIC ) : -0.04%, or 3.21 points

  • 10-year yield from cash register ( ^ TNX ): -2.7 bps to 1.807%

  • Gold ( GC = F ) : + 0.23% to $ 1,471.90 per ounce [19659018] <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "US Treasury Secretary Steven Mnuchin and Sales Representative Robert Lighthair talked to Chinese Deputy Prime Minister Liu Liu over the weekend to discuss elaborate on the details of one phase one trade agreement between the two countries, according to & nbsp; Chinese state-news agency Xinhua. "data-reactid =" 23 "> USA. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthazer spoke with Chinese Deputy Prime Minister Liu Liu over the weekend to work out details of a first-phase trade agreement between the two countries, according to China's Xinhua State News Agency.

    The two parties had "constructive discussions on the major issues of the first phase mutual agreement and agreed to maintain close communication," according to the bill.

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Chinese Talk Account Helped Send Futures But later in the course of one night, futures declined profits after CNBC reported, Beijing was "pessimistic" that a phase would be concluded with President Donald Trump's reluctance to cancel existing tariffs on Chinese imports. , according to a report from quoting an unnamed government source. "data-reactid =" 25 "> Chinese call account h send futures first However, later in the session overnight, futures made gains after CNBC announced that Beijing was "pessimistic" that a phase would come to an end with President Donald Trump's reluctance to cancel existing tariffs on Chinese imports, according to a report citing an unnamed government source.

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Separate Monday The Trump Administration & nbsp; decided to issue a 90-day extension to allow & nbsp; US companies continue to work with Chinese telecommunications giant Huawei. The company was added to the Department of Commerce's economic blacklist in May for national security matters, but was allowed to buy components from some US companies to mitigate disruptions to these local businesses. Separately Monday, the Trump administration decided to issue a 90-day extension to allow US companies to continue working with Chinese telecommunications giant Huawei. In May, the company was added to the ministry's economic blacklist. National Security Trade, but was allowed to purchase components from some US companies to mitigate the disruption to these local businesses.

    Meanwhile, a surprising decrease in short-term financing rates in China helped boost risky assets as investors believed fresh stimulus was being injected into the world's second largest economy to help boost growth by promoting loans and loans.

    operate on the floor of the New York Stock Exchange (NYSE) in New York, USA, 4 November 2019 RATERS / Brandon McDermid

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" conten t = "The National Bank of China reduced its basic seven-day buy-back rate to 2.50% from 2.55% earlier, marking the first decrease in the closely watched interest rate in four years. This move comes when the Chinese & nbsp; growth charts reach a 30-year low as trade concerns and cooling investment in the country weigh on economic expansion. The People Bank of China cut its main seven-day buyback rate to 2.50% from 2.55% earlier, marking the first decrease in the closely watched interest rate in four years. The move comes as China charts a growth rate that stops at a 30-year low, with trade worries and cooling investment in a country weighing on economic expansion.

    "For markets, this contraction is largely proof that PBOC remains adjustable, with further relief, probably in the case of continued weak growth, "Joshua Mahony, senior market analyst at IG Group, wrote in an email.

    <h2 class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "=" text "content =" STOCKS: Saudi Aramco IPO, HP rejects Xerox takeover bid "data-reactid =" 41 "> GOODS: Saudi Aramco IPO, HP rejects bid for ingestion of Xerox

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) –sm" type = "text" content = " Saudi Aramco is ready to be valued at between $ 1.6 trillion to $ 1.7 trillion after its initial public offering based on details Supply in a statement over the weekend. "data-reactid =" 42 "> Saudi Aramco oil monolith is estimated to be worth between $ 1.6 trillion to $ 1.7 trillion after its initial public offering based on details of a weekend offering

    Saudi Aramko, the world's most profitable company, intends to bid between 30-32 Saudi riyals and sell a 1.5% stake in the company, or about 3 billion shares, to be listed in December. the Taduwal exchange, and Saudi Aramko said it would sell up to 0.5% of its shares to individual and investors.

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " HP ([19659029] HPQ ) rejected the proposed takeover bid by printing hardware company Xerox ( XRX ), & nbsp; in an open letter & nbsp; over the weekend that the $ 33.5 billion cash proposal "appreciates" the company. HP's market valuation is more than three times higher than that of Xerox, and HP's board said the combined company would remain in "heavy debt" and would not be in the "best interests" of shareholders. “Data-reactid =" 44 "> HP ( HPQ ) rejected a takeover bid by printing hardware company Xerox (XRX), saying in an open letter over the weekend that The $ 33.5 billion cash offering "appreciated" the company significantly. HP's market valuation is more than three times higher than that of Xerox, and HP's board said the combined company would remain in "heavy debt" and would not be in the "best interest" of shareholders.

    In the letter, however, HP offered to consider a transaction that it would enter into as an acquirer of Xerox, noting that it could "quickly evaluate the merits of a potential transaction."

    <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " T-Mobile ([19659034] TMUS ) announced Monday that Mike Sievert, currently Chief Operating Officer, will take over as Chief Executive Officer on May 1, 2020, a company statement said. to replace John Legere, whose contract with the telecommunications company ends on April 30, 2020. "data-reactid =" 46 "> T-Mobile ( TMUS ) announced on Monday that Mike Sievert, currently Chief Operating Officer, will assume the position of Chief Executive Officer CEO on May 1, 2020, the company said in a statement. Sievert is set to replace John Legere, whose contract with the telecommunications company ends on April 30, 2020.


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