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Market holds out hope someone will blink before China and US take another step toward a trade war

Trade could dominate markets in the week ahead as the U.S. looks set to put 25 percent tariffs on $34 billion in Chinese good Friday, and China would retaliate with its own tariffs.
Stock traders have been watching to see if either side would blink or extend the deadline, which would be viewed as a positive and potential sign of de-escalation of trade battling.

But there were no signs of that so far, and the market could be volatile on thin holiday week volume, as many trading desks are thinly staffed during the Fourth of July holiday week.
The markets are also awaiting the monthly jobs report next Friday.

The stock market is waiting to see who might blink first in the week ahead — the White House or Beijing.
From all appearances, the U.S. is moving ahead to put tariffs on $34 billion in Chinese goods next Friday, but in the stock market traders have been watching to see if the White House will extend the action or not. China plans to retaliate with tariffs of its own on U.S. goods and agriculture.

Markets are on high alert for any change in course, since this next step in the trade skirmishes opens the door for more escalation. If nobody blinks, or extends the deadline, the market could be volatile. The headlines will hit trading desks that are thinly staffed for the Fourth of July week, and that could cause bigger market waves as a result of light volume.
“It’s a big deal in that do we get a concession before we reach that point, or do we have the tariff battle? This would really kick off the back and forth,” said Peter Boockvar, CIO at Bleakley Advisory Group. "That's a wet blanket that at the same time could suppress growth and raise inflation."

China is just one of the Trump administration's multifront trade skirmishes but it is the big one, and any developments with China that show a de-escalation would be taken as a positive by markets. Canadian tariffs on U.S. goods, in response to U.S. tariffs on steel and aluminum, go into effect on Sunday.

As of Friday, there were no reports of any official talks with Beijing planned ahead of the July 6 deadline. White House and congressional sources say they are operating as if U.S. tariffs on Chinese goods and retaliatory Chinese tariffs will be in place next Friday, and they are warning constituents and businesses to prepare for that. The initial $34 billion would be followed by tariffs on another $16 billion in Chinese goods, and there could be more after that.

Trump: Our relationship with China is terrific
Treasury Secretary Steven Mnuchin said Friday that the U.S. is willing to listen if China wants to come to the table with free and fair trade, and treating U.S. companies fairly.

“Certainly, the No. 1 mover in the market right now is our perception of trade issues, and it hasn’t been great. At the same time, we have a stronger dollar beating up emerging markets and we have a Fed that seems immune to trade rhetoric. They seem to be moving ahead,” said Art Hogan, chief market strategist at B. Riley FBR.

Besides trade, the monthly jobs report next Friday is the big event for the market, which will not be open Wednesday due to the July Fourth holiday. On Monday, there is ISM manufacturing data, and monthly vehicle sales are expected Tuesday. There is also the release Thursday of the minutes from the Fed's last meeting.

In the bond market, yields were mostly lower Friday, and a flattening of the yield curve continued to raise red flags as the Fed looks set to hike rates two more times this year and investors worry trade wars will hit the global economy. Traders worry the flattening curve is signaling a weaker economy, since one that is inverted, has reliably signaled recession.
The 2-year Treasury yield is the one most driven by Fed policy, and it was higher at 2.52 pe

Market holds out hope someone will blink before China and US take another step toward a trade war

Trade could dominate markets in the week ahead as the U.S. looks set to put 25 percent tariffs on $34 billion in Chinese good Friday, and China would retaliate with its own tariffs.
Stock traders have been watching to see if either side would blink or extend the deadline, which would be viewed as a positive and potential sign of de-escalation of trade battling.

But there were no signs of that so far, and the market could be volatile on thin holiday week volume, as many trading desks are thinly staffed during the Fourth of July holiday week.
The markets are also awaiting the monthly jobs report next Friday.

Fly without wing

Tomorrow 0.70 or 0.60?

0.60 or 0.70?

Ok monday sell all

TP RM1 gone case?

Lower losses..lower revenue..kikiki..

Red mean good QR

Sell on news.. Selling mode after 4.15pm??

KUALA LUMPUR (June 29): Sapura Energy Bhd's unit Sapura Exploration and Production (Sapura E&P) and its joint venture consortium partners, DEA Deutsche Erdoel Mexico and Premier Oil, have signed a production sharing contract (PSC) for Block 30 with Comision Nacional De Hidrocarburos of Mexico (CNH).

In a statement today, Sapura Energy said the PSC was signed on June 27.

Sapura Energy described Block 30, within the Sureste Basin, as a proven and prolific hydrocarbon province in the Gulf of Mexico.

The company said it is located in shallow waters of about 70 metres deep, directly to the south west of Premier's world-class Zama discovery and to the north of the Amoca oil field.

The consortium had outbid six other bidders for this most contested block during the recently concluded shallow water bid round.

Sapura E&P entered into the bidding agreement with DEA and Premier based on an equity split of 40% for DEA, 30% for Sapura Energy and 30% for Premier.

Sapura Energy president Tan Sri Shahril Shamsuddin said the group was proud to be the only Malaysian-owned company to be awarded during this bidding round, together with its partners.

"This is a significant milestone for Sapura Energy Group in reinforcing our position in the industry, establishing our presence in Mexico and growing our E&P portfolio," he said.

Sapura Energy said the shallow water operating conditions within Block 30 are similar to Malaysia where Sapura E&P is well recognised.

The company said it has been operating in Mexico since late 2012 and has worked closely with PEMEX on a number of offshore projects, which brings familiarity to local commercial conditions in Mexico.

At 2.17pm, shares of Sapura Energy were traded at 65 sen with 34.62 million shares done.

QR delay?

Hope afternoon rainbow

save energy tonight, so that tomorrow is energetic enough to be happy, angry, sad or painful.

Friday rule day

Good job retailer

0.645?

Not good sign if QR announce too late..Scary movie..

Red sign

WASHINGTON (June 27): U.S. President Donald Trump said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies, instead of imposing China-specific restrictions.

The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Trump said in a statement.

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies."

If Congress fails to pass the legislation quickly, Trump said he would direct the administration to implement new restrictions under executive authority that could be applied globally.

WASHINGTON (June 27): U.S. President Donald Trump said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies, instead of imposing China-specific restrictions.

The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Trump said in a statement.

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies."

If Congress fails to pass the legislation quickly, Trump said he would direct the administration to implement new restrictions under executive authority that could be applied globally.

WASHINGTON (June 27): U.S. President Donald Trump said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies, instead of imposing China-specific restrictions.

The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Trump said in a statement.

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies."

If Congress fails to pass the legislation quickly, Trump said he would direct the administration to implement new restrictions under executive authority that could be applied globally.

WASHINGTON (June 27): U.S. President Donald Trump said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies, instead of imposing China-specific restrictions.

The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Trump said in a statement.

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies."

If Congress fails to pass the legislation quickly, Trump said he would direct the administration to implement new restrictions under executive authority that could be applied globally.

WASHINGTON (June 27): U.S. President Donald Trump said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies, instead of imposing China-specific restrictions.

The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Trump said in a statement.

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies."

If Congress fails to pass the legislation quickly, Trump said he would direct the administration to implement new restrictions under executive authority that could be applied globally.

WASHINGTON (June 27): U.S. President Donald Trump said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies, instead of imposing China-specific restrictions.

The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Trump said in a statement.

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies."

If Congress fails to pass the legislation quickly, Trump said he would direct the administration to implement new restrictions under executive authority that could be applied globally.

WASHINGTON (June 27): U.S. President Donald Trump said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies, instead of imposing China-specific restrictions.

The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Trump said in a statement.

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies."

If Congress fails to pass the legislation quickly, Trump said he would direct the administration to implement new restrictions under executive authority that could be applied globally.

WASHINGTON (June 27): U.S. President Donald Trump said on Wednesday that he will use a strengthened security review process to deal with threats from Chinese investments to acquire U.S. technologies, instead of imposing China-specific restrictions.

The Treasury Department has recommended that Trump use the Committee on Foreign Investment in the United States (CFIUS), whose authority would be enhanced by new legislation in Congress, to control transactions. The legislation expands the scope of deals reviewed by the interagency panel to effectively address national security concerns.

"I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Trump said in a statement.

He added that upon final passage of the Foreign Investment Risk Review Modernization Act, he will direct his administration "to implement it promptly and enforce it rigorously, with a view toward addressing the concerns regarding state-directed investment in critical technologies."

If Congress fails to pass the legislation quickly, Trump said he would direct the administration to implement new restrictions under executive authority that could be applied globally.

KUALA LUMPUR: The Kuala Lumpur Composite Index could be dragged as low as 1,580- points, should the United States impose tariffs on an additional US$200 billion worth of Chinese imports.

TA Securities Holdings Bhd Research Senior Vice-President Kaladher Govindan said the US move would encourage more fund outflow from regional markets and Bursa Malaysia could follow suit.

However, he reaffirmed that the year-end target would remain at 1,780 points based on a price earnings ratio of 15.5 times.

“Our overview is that US President Donald Trump will stop after imposing tariffs on US$50 billion worths of goods from China and would not proceed with the second tranche of tariffs on US$200 billion in Chinese imports,” he told reporters after TA Enterprise Bhd and TA Global Bhd.

KUALA LUMPUR: The Kuala Lumpur Composite Index could be dragged as low as 1,580- points, should the United States impose tariffs on an additional US$200 billion worth of Chinese imports.

TA Securities Holdings Bhd Research Senior Vice-President Kaladher Govindan said the US move would encourage more fund outflow from regional markets and Bursa Malaysia could follow suit.

However, he reaffirmed that the year-end target would remain at 1,780 points based on a price earnings ratio of 15.5 times.

“Our overview is that US President Donald Trump will stop after imposing tariffs on US$50 billion worths of goods from China and would not proceed with the second tranche of tariffs on US$200 billion in Chinese imports,” he told reporters after TA Enterprise Bhd and TA Global Bhd

KUALA LUMPUR: The Kuala Lumpur Composite Index could be dragged as low as 1,580- points, should the United States impose tariffs on an additional US$200 billion worth of Chinese imports.

TA Securities Holdings Bhd Research Senior Vice-President Kaladher Govindan said the US move would encourage more fund outflow from regional markets and Bursa Malaysia could follow suit.

However, he reaffirmed that the year-end target would remain at 1,780 points based on a price earnings ratio of 15.5 times.

“Our overview is that US President Donald Trump will stop after imposing tariffs on US$50 billion worths of goods from China and would not proceed with the second tranche of tariffs on US$200 billion in Chinese imports,” he told reporters after TA Enterprise Bhd and TA Global Bhd.

KUALA LUMPUR: The Kuala Lumpur Composite Index could be dragged as low as 1,580- points, should the United States impose tariffs on an additional US$200 billion worth of Chinese imports.

TA Securities Holdings Bhd Research Senior Vice-President Kaladher Govindan said the US move would encourage more fund outflow from regional markets and Bursa Malaysia could follow suit.

However, he reaffirmed that the year-end target would remain at 1,780 points based on a price earnings ratio of 15.5 times.

“Our overview is that US President Donald Trump will stop after imposing tariffs on US$50 billion worths of goods from China and would not proceed with the second tranche of tariffs on US$200 billion in Chinese imports,” he told reporters after TA Enterprise Bhd and TA Global Bhd.

KUALA LUMPUR: The Kuala Lumpur Composite Index could be dragged as low as 1,580- points, should the United States impose tariffs on an additional US$200 billion worth of Chinese imports.

TA Securities Holdings Bhd Research Senior Vice-President Kaladher Govindan said the US move would encourage more fund outflow from regional markets and Bursa Malaysia could follow suit.

However, he reaffirmed that the year-end target would remain at 1,780 points based on a price earnings ratio of 15.5 times.

“Our overview is that US President Donald Trump will stop after imposing tariffs on US$50 billion worths of goods from China and would not proceed with the second tranche of tariffs on US$200 billion in Chinese imports,” he told reporters after TA Enterprise Bhd and TA Global Bhd.

KUALA LUMPUR: The Kuala Lumpur Composite Index could be dragged as low as 1,580- points, should the United States impose tariffs on an additional US$200 billion worth of Chinese imports.

TA Securities Holdings Bhd Research Senior Vice-President Kaladher Govindan said the US move would encourage more fund outflow from regional markets and Bursa Malaysia could follow suit.

However, he reaffirmed that the year-end target would remain at 1,780 points based on a price earnings ratio of 15.5 times.

“Our overview is that US President Donald Trump will stop after imposing tariffs on US$50 billion worths of goods from China and would not proceed with the second tranche of tariffs on US$200 billion in Chinese imports,” he told reporters after TA Enterprise Bhd and TA Global Bhd.

KUALA LUMPUR: The Kuala Lumpur Composite Index could be dragged as low as 1,580- points, should the United States impose tariffs on an additional US$200 billion worth of Chinese imports.

TA Securities Holdings Bhd Research Senior Vice-President Kaladher Govindan said the US move would encourage more fund outflow from regional markets and Bursa Malaysia could follow suit.

However, he reaffirmed that the year-end target would remain at 1,780 points based on a price earnings ratio of 15.5 times.

“Our overview is that US President Donald Trump will stop after imposing tariffs on US$50 billion worths of goods from China and would not proceed with the second tranche of tariffs on US$200 billion in Chinese imports,” he told reporters after TA Enterprise Bhd and TA Global Bhd.

KUALA LUMPUR: The Kuala Lumpur Composite Index could be dragged as low as 1,580- points, should the United States impose tariffs on an additional US$200 billion worth of Chinese imports.

TA Securities Holdings Bhd Research Senior Vice-President Kaladher Govindan said the US move would encourage more fund outflow from regional markets and Bursa Malaysia could follow suit.

However, he reaffirmed that the year-end target would remain at 1,780 points based on a price earnings ratio of 15.5 times.

“Our overview is that US President Donald Trump will stop after imposing tariffs on US$50 billion worths of goods from China and would not proceed with the second tranche of tariffs on US$200 billion in Chinese imports,” he told reporters after TA Enterprise Bhd and TA Global Bhd.

Just run

Bad sign..run?

“我对T7 Global感兴趣，因为T7 Global在这一领域处于优势地位，因此对公司主要股东的认可以及对石油和天然气服务行业的长期投资更为重要。

"I gained interest in T7 Global for recognizing the company's major shareholders and what is more important as a long-term investment in the oil and gas services industry as T7 Global is well positioned in this sector.

"Saya memperoleh kepentingan dalam T7 Global kerana mengenali pemegang saham utama syarikat ini dan apa yang lebih penting ia sebagai pelaburan jangka panjang dalam industri perkhidmatan minyak dan gas kerana T7 Global berada dalam kedudukan yang baik dalam sektor ini.

Next TM? Maybank?

Today at what time @ enjoyinglife?

“我不知道在购买公司股票时哪个T7 Global是ECRL项目的承包商之一。

"I do not know which T7 Global is one of the contractors for the ECRL project when buying the company's shares.

"Saya tidak tahu yang T7 Global adalah salah satu kontraktor untuk projek ECRL apabila membeli saham syarikat itu.

Sapu tipu

Caiyok

ENG 6-1.. Money from this match flow to counter 5218.. Oyeay

O yeay