FOREX-Dollar, euro hold after U.S. 10-year yield hits 3 percent
March 1 (Reuters) — Shares of U.S. steel and aluminum companies posted solid gains on Thursday, while major manufacturers fell after President Donald Trump said his administration will impose tariffs on steel and aluminum imports next week.
March 1 (Reuters) — Shares of auto makers and other large steel and aluminum users in the United States tumbled on Thursday after President Donald Trump announced a plan to slap hefty tariffs on imports of the metals, which he said would protect U.S. industry.
The overall market dropped, including a 1.3 percent decline for the benchmark S editing by Bernard Orr and Tom Brown)
However as Danish sources told me on a recent visit, Copenhagen wants the EU to take the lead on any pipeline decision. This would prevent Denmark from damaging its relations with Germany and the United States and incurring the wrath of Russia. It would also prevent Russia from developing an alternative route to bypass Danish waters and eliminate the division emerging in the EU as some member states — the Czech Republic, Estonia, Croatia, Hungary, Lithuania, Latvia, Poland, Romania and Slovakia — oppose the project.
Today, the United States faces a similar predicament. Washington´s July 2017 Russia sanctions threatened to target Nord Stream 2 but the most recent sanctions implemented in January 2018 did not do so explicitly. More recently, Poland has called for Nord Stream 2 to be included under U.S. sanctions. There is still time for President Donald Trump to try to achieve what Reagan could not and derail Russian pipeline plans.
Nord Stream 2 may give the Russian military a freer hand in Ukraine, impede the EU´s foreign policy and energy strategy, and increase Moscow´s influence over Germany´s political and business elites, thus aggravating divisions between Europe and the United States.
The cost of the tariffs would be hard to pass onto consumers amid declining auto sales, said John Toohey, head of equities at USAA Asset Management Company in San Antonio, Texas, which has $166 billion in assets under management.
While Washington today has less sway over its European allies than it did during the height of the Cold War, the United States can now offer Europe an alternative to Russian gas — American liquefied natural gas (LNG). American LNG has been exported to Europe since 2016 and expanded to include countries like Poland and Lithuania last year. The abundance of gas in the global markets due to the booming global LNG trade makes Nord Stream 2 less commercially or strategically necessary for Europeans.
The tariffs will hurt the U.S. economy by raising prices and may result จองตั๋วเครื่องบิน in foreign retaliation against U.S. exporters, the Business Roundtable, a group of chief executive officers at the largest U.S. companies, said in a statement.
Fifty years since the first Soviet pipelines were laid to supply Western European countries with Soviet gas, the EU stands again at a crossroads in its energy policy. While security considerations and economic interests divide the EU countries, Washington should continue to make its opposition clear. Nord Stream 2 has no place in Europe´s long-term security and energy strategy. (Reporting by Agnia Grigas)Germany does not seem to have learned any lessons from its history. As I write in my newest book on the geopolitics of gas, when German Chancellor Willy Brandt signed the country´s first gas contract with the Soviets in 1969, he considered such gas trade as part of his Ostpolitik: an economic policy toward the East that could reduce Cold War tensions and help reestablish contact with communist East Germany. But it was Washington´s military spending and containment policy — not the German marks that went to Moscow — that eventually bankrupted the Soviet Union and brought down the Berlin Wall.
The continuing violence in the Notre-Dame-des-Landes region, near the city of Nantes in western France, is a challenge for President Emmanuel Macron who also faces student sit-ins as he tries to push through education and economic reforms.
Blue Apron Chief Executive Officer Brad Dickerson in an interview with the Wall Street Journal website said he believes the company can find more customers for both that model and à-la-carte meals sold in stores and through its website.
March 1 (Reuters) — Stock prices of U.S. steel and aluminum makers rose on Thursday after President Donald Trump announced hefty tariffs on metal imports to protect them from foreign competition, but many other companies saw stock price falls as they may face higher prices for raw materials which will force them to raise prices for consumers.
Last week, Caterpillar´s director of investor relations, Amy Campbell, said the majority of the steel that CAT uses for manufacturing comes from the United States. Yet, she expects the tariffs to pose a «challenge» as they would cause domestic steel prices to rise along with prices of imported steel, because the tariffs would give U.S. makers pricing power, putting Caterpillar at a competitive disadvantage vis-à-vis their non-U.S. competitors.
NANTES, France, April 13 (Reuters) — French riot police clashed with protesters for a fifth day on Friday as their operation to clear squatters from an abandoned airport site evolved into a violent standoff that looked like it could go on for some time.
«But it’s the opposite. We want to preserve seduction, chivalry and ‘l’amour à la francaise’ by saying what is key is consent. Between consenting adults everything is allowed, we can seduce, talk, but if someone says ‘no’, it’s ‘no’ and it’s final,» she said.
After a dawn swoop on Monday to demolish makeshift shelters housing eco-activists and anarchists, police have been engaged in running skirmishes with those refusing to leave and said hundreds of «ultra-leftists» had arrived intent on violence.
«The industrial metal companies, the domestically focused ones, are probably going to benefit from this,» said Art Hogan, chief market strategist at B. Riley FBR in Boston, who saw the broad impact as negative, with a possible impact on the ongoing renegotiations of the North American Free Trade Agreement.
Blue Apron pioneered the meal-kit market, selling subscriptions for pre-portioned ingredients paired with recipes for restaurant-style meals like tilapia piccata and miso-glazed barramundi, but has faced new rivals including Amazon.com Inc .
«In the longer run we’ve seen that tariffs generally don’t work and actually they generally hurt the economy,» Hogan said. «In the immediate to longer run it’s probably seen as a step towards trade wars (and) retaliation. Negotiations with NAFTA could break down over this.»
On March 2, Russian state gas company Gazprom announced that it would terminate all gas contracts with Ukraine´s energy company Naftogaz after a Stockholm arbitration court ordered Gazprom to pay more than $2.5 billion to Naftogaz for failing to uphold contractual obligations regarding volumes of transit gas through Ukraine. Gazprom´s apparent reprisal has increased European fears of a possible gas war in the midst of a cold winter; Ukraine has already closed schools to conserve energy and the EU is worried about its own gas supplies.
«Auto sales have flattened in recent months, and manufacturers are not prepared to absorb a sharp increase in the cost to build cars and trucks in America. The burden of these tariffs, as always, will be passed on to the American consumer,» Lusk said.
The single currency stabilised around $1.22 on Tuesday after having plumbed to a low of $1.2185 in the Asian session, its lowest since March 1. It has fallen 3 percent from a 2018 high above $1.2550 in mid-February.
The activists, known as «Zadists» due to their occupation of what they call a ZAD or «zone à défendre» («zone to defend») said there had been several injuries from police grenades. (Writing by Brian Love Editing by Ingrid Melander Editing by Robin Pomeroy)
The announcement of tariffs of 25 percent on steel imports and 10 percent on imported aluminum rocketed through the stock market, taking a toll on industrial companies and aircraft manufacturers, as well as the auto makers, while driving up U.S. metals producers.