Stocks fell as trade talks between the U.S. and China struck another stumbling block, while Treasuries rose and the US Dollar declined after a gauge of American Manufacturing signalled contraction for the first time in three years. The S&P 500 dropped for the first time in four sessions as Chinese and American officials struggled to agree on a schedule for negotiations after Washington rejected Beijing’s request to delay tariffs that took effect over the weekend, according to a Bloomberg report. Technology shares weighed on benchmarks after Huawei Technologies accused the U.S. government of harassing workers and attacking its internal network. Boeing led losses on the Down Jones Industrial Average. The 10-year Treasury yield slid and the US Dollar dropped against peers after the Institute for Supply Management’s purchasing managers index fell to 49.1 in August, which when below 50 indicates manufacturing contracted. The reading joins a slew of weak numbers produced by factory gauges across the globe, and boosted bets on deep Interest Rate cuts by the Federal Reserve this year. In other news, Prime Minister Boris Johnson put the U.K. on course for a snap general election after suffering a humiliating defeat for his Brexit strategy in Parliament. Members of the House of Commons voted 328 to 301 to take a crucial first step toward forcing Johnson to delay Brexit by three months in an effort to stop a no-deal split — a delay he has repeatedly rejected under all circumstances. It was a stinging blow on a day that earlier saw Johnson lose his ruling majority after one of his own Conservative colleagues defected to a rival party.
To mark my 1900th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on firstname.lastname@example.org for details
For anyone following my Platinum Service it made 175 points yesterday and is now ahead by 350 points for September, having made 2387 points in August, 1153 points in July, 1346 points in June,1722 points in May, 955 points in April and 1027 points in March. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points
I have a YouTube Channel which contains recent interviews I have given. This can be viewed by clicking HERE Please subscribe to this for new interview notification