Nvidia and Caterpillar Point to Weakness in China as Outlooks Dim

Caterpillar Profit Misses as Trade Strains Start to BiteMore

Caterpillar Profit Misses as Trade Strains Start to BiteMore

Manufacturing costs shot up by 3 percentage points in the fourth quarter from the third quarter.

Conor Campbell, analyst at Spreadex, said: "That one of the reasons for the miss [of its earnings target] was the now familiar sight of the sector-disregarding slowdown in China only made matters worse, reminding investors of just what is at stake with the resumption of the US-Sino trade talks this week".

Another nail in the coffin for Asian stock performance on Tuesday might be charges brought against Huawei Technologies Co.by the US, alleging that it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran.

According to reports, the company's sales saw a huge downfall in Asia/China.

Ahead of the opening bell, chipmaker Nvidia announced that it lowered the expected revenue for the fourth quarter to $2.2 billion from $2.7 billion.

Un bug permet d'espionner son correspondant, Apple désactive Group FaceTime — FaceTime
Le soir du 28 janvier, elle avait déjà totalisé plus d'un million de vues et avait été partagée 10 000 fois en Californie. Apple a rapidement réagi en désactivant temporairement la fonction Facetime de groupe, côté serveur.

It drove much of the decline on the Dow Jones, which at one point was down more than 400 points (1.5 per cent) to close down 0.84 per cent. The yuan appreciated to its strongest against the dollar since July before Vice Premier Liu He travels to Washington for trade talks, and as the People's Bank of China freed up a potential US$37 billion for bank lending. Emerging-market stocks slipped while their currencies climbed.

Global stock markets tumbled on Monday after Caterpillar and Nvidia Corp warned of weak Chinese demand while oil posted its biggest one-day drop in a month on expectations of growing USA crude supply.

The FTSEurofirst 300 index of leading regional shares closed down 0.96 percent while MSCI's all-country world equity index declined 0.62 percent. "North America is obviously the major market". The problem started when the President of the United States, Donald Trump vowed to fix China's "longtime abuse of the broken worldwide system and unfair practices", during his Presidential campaign.

The Philadelphia semiconductor index slumped 2.09 per cent, while the S&P technology index dropped 1.40 per cent.

"But the complication of volatility being uncomfortable and the fact we're later in the (business) cycle, that's why we're seeing these larger reactions to market news than we're used to", she said.

India vs New Zealand 4th ODI
India made a surprise move of resting MS Dhoni and gave backup wicketkeeper Dinesh Karthik some game time in the last match. Pretty close to the World Cup, New Zealand showed they were not fixed on the idea of Colin Munro opening the innings.

Economic worries seeped into the commodity markets, where United States oil prices plummeted 3.2% to $51.95 a barrel.

US energy companies last week boosted the number of rigs drilling for oil for the first time since late December.

Also weighing on oil prices are concerns about whether Chinese refiners will continue to import crude at 2018's breakneck pace. It hit a near two-week low at 95.673 earlier in the session.

The dollar slipped to 109.36 Japanese yen from 109.64 yen late Friday.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.74 per cent.

Pete Davidson Opens Up About Rehab and Why He Quit Instagram
Davidson and the rest of the cast also revealed how it felt to shoot in Syracuse, and it turns out that Pete is not a big fan. While he enjoyed bleaching his hair for the role, Davidson said he wasn't a fan of where the movie was shot.

China accounted for between 5% and 10% of its total sales and 10% to 15% of its construction unit's revenue, Caterpillar Chief Financial Officer Andrew Bonfield said during the company's last earnings conference call in October.

Latest News