Gold Silver Reports (GSR) – U.S.-China Trade Truce May Be Fleeting Absent Serious Reform — President Donald Trump had threatened to slap tariffs on up to $150 billion in Chinese imports, while Beijing vowed to respond in kind. For now, Mnuchin’s cease-fire declaration will soothe the nerves of investors worried that the world’s two biggest economies were on the verge of an all-out trade conflict.
Trump
Crude Oil Slips Below $70, Dollar Flat
Gold Silver Reports (GSR) – Crude Oil Slips Below $70, Dollar Flat – Asian stocks climbed Tuesday, extending a gradual recovery after declines in recent weeks stoked by concerns about the vulnerabilities of emerging-markets in the face of higher U.S. yields, a stronger dollar and costlier energy prices.
Trump Says Kim Jong Un Summit Location Narrowed to Two or Three Possibilities
Gold Silver Reports (GSR) – Trump Says Kim Jong Un Summit Location Narrowed to Two or Three Possibilities — “I don’t think he’s playing,” Trump said Friday of Kim. The North Korean leader earlier Friday held a historic meeting with South Korean President Moon Jae-in, where the two agreed to work toward formally ending their war and pursue the “complete denuclearization” of the Korean Peninsula.
A New History Starts Now’ as Leaders of Two Koreas Meet
Gold Silver Reports (GSR) – ‘A New History Starts Now’ as Leaders of Two Koreas Meet — Scenes of Moon and Kim joking and walking together marked a striking contrast to last year’s barrage of North Korean missile tests and its largest ever nuclear test that led to sweeping international sanctions and fears of a fresh conflict on the Korean peninsula.
Crude Oil Down as Trump, France’s Macron Talk Iran Deal
Gold Silver Reports (GSR) – Crude Oil Down as Trump, France’s Macron Talk Iran Deal — U.S. President Donald Trump and French President Emmanuel Macron pledged to seek stronger measures to contain Iran. At a joint news conference, Trump did not repeat threats to withdraw from the 2015 nuclear agreement but made clear he has little patience for it.
Trump Trade War Spurs India to Import More Oil, Drones From U.S.
Gold Silver Reports (GSR) – Trump Trade War Spurs India to Import More Oil, Drones From U.S. — Asia’s third-largest economy could bridge the surplus by up to $4 billion through oil imports alone, government officials said, asking not to be identified as they are not authorized to speak to the media.
U.S. Stocks Decline on Tech Woes, Treasuries Slide
Gold Silver Reports (GSR) – U.S. Stocks Decline on Tech Woes, Treasuries Slide – The S&P 500 Index dropped the most in nearly two weeks as tech shares slumped after Taiwan Semiconductor’s disappointing forecast roiled chip-maker stocks. China’s request for concessions from Qualcomm Inc. to acquire NXP Semiconductors NV ratcheted up tensions over trade. Earnings misses from Procter & Gamble Co. and Philip Morris International Inc. weighed on consumer staples.