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The US-China trade war: where are we now?

The United States and China on Thursday reportedly struck a bargain on trade, that would cancel a fresh round of a tariffs on $160 billion in Chinese imports due to kick in on Sunday. The news cheered investors, lifting Wall Street and marking a de-escalation after 20 months of trade conflict. But where does this…

Trump says US on verge of China trade deal

President Donald Trump tweeted Thursday that the United States is on the verge of easing the China trade war, days before new tariffs are due to kick in between the world’s two largest economies. “Getting VERY close to a BIG DEAL with China. They want it, and so do we!” Trump tweeted in a markedly…

A changing climate: ECB gears up for new missions

The European Central Bank’s new president Christine Lagarde on Thursday announced that the Frankfurt institute would begin a year-long “strategic review” in January, its first since 2003. Here is how the ECB’s strategy has developed over the years and what prompted the decision to reassess it. What is the ECB strategy now? The ECB’s overriding…

Trader thoughts ahead of the Asia market open

The Fed has prompted a run on the USD, with the USD index pulling further below its 200-day MA and tracking through to the lowest levels since July. EURUSD has attracted the bulk of the flow ahead of tonight’s ECB meeting, with traders eyeing a move into 200-day MA (1.1154) and the Oct/Nov highs of…

CommSec Daily Report Thursday

Latest News The Aussie market continues its inconsistent week with the ASX 200 falling 43 points or 0.6% to 6709.5, giving back nearly all of yesterday’s improvements and hitting session lows at lunch. The index hasn’t managed to string together two consecutive days of gains or losses so far this week with a number of…

Twitter backs overhaul of social media to stem disinformation

Twitter co-founder Jack Dorsey is funding research aimed at changing the way information circulates on social media — with the goal of combating online violence, hate and disinformation. Dorsey on Tuesday announced he would fund an independent team of five architects, engineers, and designers — dubbed Bluesky — to develop an “open and decentralized standard…

Greta slams ‘misleading’ climate pledges at chaotic UN summit

Swedish activist Greta Thunberg accused rich countries of “misleading” people over climate action at UN talks in Madrid on Wednesday hours before a veteran leader of the global environmental movement with whom she shared the podium was locked out of the conference. The UN climate forum tasked with saving the world from runaway global warming…

Britain heads into charged Brexit election

Britain’s rival party leaders dashed around the country on Wednesday in a frantic push for votes in the final hours before a highly-charged snap election aimed at breaking the Brexit impasse. Polls open at 0700 GMT on Thursday for the third general election in under five years — and the second since the seismic 2016…

From the grave, revered ex-Fed chief issues Trump-era warning

In an essay published posthumously on Wednesday, revered former Federal Reserve chief Paul Volcker issued a dire warning about of the rise of “nihilistic forces” in the era of President Donald Trump. Volcker, who slayed the US inflation dragon in the 1980s, bemoaned Trump’s frequent attacks on the American central bank as “a matter of…

US Fed says will focus on low inflation, global economy

The Federal Reserve kept its key lending rate unchanged on Wednesday but said it will turn its sights to low inflation and developments in the world economy. That was a signal that central bankers, who have repeatedly pledged to change course if needed, are monitoring the global slowdown and persistent absence of price pressures, which…