French shares gain 0.99 pct Tuesday

Xinhua News Agency | Aug 13, 2019 at 3:54 PM

French shares edged up on Tuesday, with the benchmark Paris CAC 40 up 0.99 percent, or 52.76 points, to close at 5,363.07 points.

U.S. inflation picking up; Fed rate cut still expected

Reuters | Aug 13, 2019 at 3:51 PM

U.S. consumer prices increased broadly in July, but the signs of an acceleration in inflation will likely do little to change market expectations that the Federal Reserve will cut interest rates again next month amid worsening trade tensions.

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  • U.S. inflation accelerates; Fed rate cut still expected (Reuters: Aug 13, 2019 at 1:12 PM)

Apple leads Wall Street rally as U.S. delays on tariffs

Reuters | Aug 13, 2019 at 3:18 PM

U.S. stocks surged more than 1.5% on Tuesday after the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 4% rally in shares of iPhone maker Apple Inc.

U.S. stocks open slightly higher despite recession concerns

Xinhua News Agency | Aug 13, 2019 at 3:15 PM

U.S. stocks opened slightly higher on Tuesday, starting off the day in red yet then bouncing back to erase the deep losses of the previous day, although the market has still been overshadowed by concerns over a potential recession.

Dollar soars versus yen after U.S. makes trade concessions

Reuters | Aug 13, 2019 at 2:46 PM

The U.S. dollar took off on Tuesday morning, clobbering the Japanese yen, after the Trump administration said it would delay 10% tariffs on some Chinese products scheduled to begin next month, a significant concession in the trade conflict between Washington and Beijing.

Apple leads Wall Street surge as U.S. delays on tariffs

Reuters | Aug 13, 2019 at 2:32 PM

U.S. stocks surged almost 2% on Tuesday as the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 5% surge in shares in iPhone maker Apple Inc.