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Trump’s trade war tension, where now? Daily market moving news & events roundup, 27th August 2019

Market moving daily news roundup – events & news likely to move markets 27th August 2019

Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad.

Summary

Economic news calendar 27th August 2019 main market moving scheduled events

Quiet ‘scheduled’ news day…

Germany – latest GDP data due at 07:00 BST

UK – mortgage approvals loan data due at: 09:30 BST

UK – BoE’s MPC member speech due at:13:00 BST

EU – ECB’s member speech due at: 13:00 BST

U.S. – house price and consumer confidence data due at: 15:00 BST

U.S. – 2 year note auction due at: 16:30 BST

Trump, trade wars, tariffs and tweets

After a negative reaction to Trump’s tweets on Friday, yesterday saw the markets calm a little. Trump, at the G7 meeting, said China wanted to ‘get back to the table’ and continue discussions. Markets lifted on this news. But investors still await clarity of direction.

Other news

Asian markets climb Tuesday – Japan’s Nikkei index closed up 1.2% at: 20456. Concerns over Argentina’s debt problems grow.

UK – mortgage approvals increases, the highest July number in a decade. RBS and NatWest websites down again. The BBC announces a voice assistant to rival Amazon and Google – due for launch in 2020.

Taller mobile phone masts could be built across the countryside to improve 5G access. A relaxation of planning rules in England is proposed.

Germany – The offices of Germany’s stock exchange, Deutsche Boerse, have reportedly been raided by investigators probing a scheme that allegedly tricked the country’s government into paying billions of euros in tax rebates.

Dow opens up over 100pts as global markets monitor U.S. – China trade war developments.

The UK’s government decision on whether Huawei is to be excluded from UK 5G networks by the end of the year. UK – banks considering a ‘faster’ payment transaction charge to reimburse customers who lost money through fraudulent activity. UK – RBS back online but NatWest still down. UK – FTSE 100 closed down on the day at 7090 after earlier gains.

U.S. – Dow also reverses early gains.

Stock market indices update, August 27th 2019

Closing positions of: FTSE 100, DAX, DOW, S&P 500, NASDAQ, NIKKEI & GOLD

I trade these indices.

FTSE 100 and U.S. indices retreat some more. Doubt cast over U.S. and China trade talks resuming as China reportedly said they were unaware of calls to Trump to start talks again? Trump allegedly spoke of such a communication?

FTSE 100 – closed at: 7089

DAX – closed at: 11730

DOW – closed at: 25778

S&P 500 – closed at: 2869

NASDAQ – closed at: 7827

NIKKEI – closed at: 20456

GOLD – closed at around: $1,551

Key: Green highlight markets move up. Red highlight markets move down. All values rounded.

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