tyb
Global stocks sink for third day as investors temper trade optimism
LONDON (Reuters) - Global stocks fell for a third straight day on Thursday as investor optimism about U.S.-China trade talks receded, while an early end to the U.S.-North Korean summit in Vietnam and weak Chinese economic data also weighed on sentiment.
The Japanese yen and the Swiss franc, both safe-haven currencies, gained after the United States and North Korea failed to reach an agreement on denuclearization of the Korean peninsula after two days of meetings.
U.S. President Donald Trump and North Korean leader Kim Jong Un had constructive discussions on denuclearization, the White House said, but news of the summit's early break-up triggered flight-to-quality bids in lower-risk assets.
Riskier assets took a hit, with stocks across the board lower in Europe after the start of trading. The pan-European STOXX 600 index fell more than half a percent. [.EU]
That followed a retreat in Asian equities, which took a hit as progress stalled on trade issues between China and the United States and data showed Chinese factory activity contracting to a three-year low. The Shanghai Composite Index fell half a percent. S&P futures indicated a lower open on Wall Street. [.N]
"The abrupt ending to the Trump-Kim summit encouraged a little selling as it suggests that politics in the region isn't as stable as previously thought, just like the U.S.-China trade situation – not as robust as investors had believed," said David Madden, markets analyst at CMC Markets in London.
"The recent declines must be taken in the context of the major rally since late December."
The Chinese data also showed export orders fell at their fastest pace since the global financial crisis a decade ago, adding to worries about the nearly year-long trade dispute between China and the United States.
rest at link
https://www.marketscreener.com/news/Global-stocks-sink-for-third-day-as-investors-temper-trade-optimism–28081990/?countview=0
https://www.dailyfx.com/crude-oil
https://www.kitco.com/charts/livegold.html
(go ahead and tag this one ktwats. Dare you)
the yuan printing is having less of an effect now too. Only a matter of time before they come back to the table.
chek'em
Tesla Said To "Secure" $2 Billion In Funding For Shanghai Plant
According to JL Warren Capital - a NY-based analysis firm specializing in Chinese companies - Tesla may finally have "funding secured" for its factory in Shanghai. As reported by CNBC, the company has lined up about $2 billion in loans from a consortium of investors, including Shanghai Pudong Development Bank, Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China. This could take the wind out of the sails of Musk's "surprise" announcement that investors are expecting today.
We pointed out just a day ago that Elon Musk had potentially again violated his settlement agreement with the SEC when - after the SEC made it clear they were seeking contempt of court charges against Musk - he announced, again on Twitter, that there would be "Tesla news" coming toward the end of the trading day today, Thursday.
Tesla shares rallied on the expectation of the news, soaring $16 in trading on the day after the Tweet and rising $3 more in pre-market trading on Thursday, ahead of the announcement.
TSLA
318.50 +3.76 (1.19%)
Pre-Market: 9:11AM EST
https://www.zerohedge.com/news/2019-02-28/tesla-said-secured-2-billion-funding-shanghai-plant
Quote for pre-market
https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch
Sauce
https://www.finviz.com/insidertrading.ashx
o7
yes they are. He is toast. Lying his ass off on just about everything he touches. When SEC/DOJ get done with him he will need moar than a joint.
Some soap on a rope would be handy too
o7
o7