Trump delayed a tariff hike on Chinese goods to mid-October
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| | | 9/12/2019 | |
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| Dow Futures Rise on Trade Buzz, ECB Stimulus | | By Karee Venema | | Dow Jones Industrial Average (DJI) futures are above fair value this morning, after President Donald Trump delayed an upcoming tariff hike on Chinese goods to Oct. 15 from Oct. 1, citing the People's Republic of China's 70th anniversary as the catalyst for his "gesture of goodwill." The European Central Bank's (ECB) decision to cut its key interest rate and initiate quantitative easing with a bond-buying program is only fanning the bullish flames, while traders are also eyeing the latest consumer price index (CPI), which edged up 0.1% in August, as expected. Another gain today would mark a seventh straight for the Dow, a winning streak not seen since May 2018. Continue reading for more on today's market, including: | | >> Continue reading... | |
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