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Business has come to the u. S. Has labeled china a currency manipulator cranking up trade tensions between the worlds 2 biggest economies the decision rattled investors on International Stock markets Donald Trumps decision follows the sharp weakening of chinas you one currency which breached the closely watched barrier of 7 against the dollar busy the u. S. Treasury said its labels china a currency manipulator because it has devalued its currency to quote gain an unfair competitive advantage in the worst sell off of the year the dow jones lost close to 3 percent on monday shanghai composite shares 2. 4 percent asian markets later ted those losses. Lets go straight to our Financial Markets correspondent who is in frankfurt only it seems like the trade war has and hit a new round and new arena tell us what does it m ....
No longer off the table in the event of a worsening in trade tensions secondly the indicating quite clearly with the leaning against further weakness today that your fortys remain strictly in control of the currency that they have the resources to prevent what they see as a disorderly or excessive depreciation in the currency what if they lose control of the currency the market starts selling off too much you want say. Firstly theres no sign that thats the case and we saw that today the socalled fix against the dollar was it significantly below Market Expectations as a result of Risk Appetite really now in the event that they do lose control for whatever reason i think 2015 is a good example of whats likely to happen so we saw this was controlled by authorities but the sort of 4 percent devaluation of the yuan in one day chinese equates fell 30 percent he sold capital out ....
No longer off the table in the event of a worsening in trade tensions secondly theyre indicating quite clearly with the leaning against further weakness today that your fortys remain strictly in control of the currency that they have the resources to prevent what they see as a disorderly or excessive depreciation in the currency what if they lose control of the currency the market starts selling off too much you want to say. Firstly theres no sign that thats the case and we saw that today the socalled fix against the dollar was it significantly below Market Expectations as a result of Risk Appetite really now in the event that they do lose control for whatever reason i think 2015 is a good example of whats likely to happen so we saw this was controlled by authorities that was sort of 4 percent devaluation of the yuan and one day chinese equates fell 30 percent useful capi ....
No longer off the table in the event of a worsening in trade tensions secondly the indicating quite clearly with the leaning against further weakness today that your fortys remain strictly in control of the currency that they have the resources to prevent what they see as a disorderly or excessive depreciation in the currency what if they lose control of the currency the market starts selling off too much you want say. Firstly theres no sign that thats the case and we saw that today the socalled fix against the dollar was it significantly below Market Expectations as a result of Risk Appetite really now in the event that they do lose control for whatever reason i think 2015 is a good example of whats likely to happen so we saw this was controlled by authorities but we saw a 4 percent devaluation of the yuan and one day chinese equally as fell 30 percent capital outflows f ....
A break of hope and the biggest rise in 2 years but it s probably just a blip. in june the clouds parted german industrial orders beat the for costs and landed some major contracts siemens wind energy unit got mesa is contracted to build huge wind parks off the eastern coast of the usa turbines that can produce 1700 megawatts and provide power for more than 4000000 households it s the largest offshore contract ever awarded in america. orders like this are keeping german companies order books full contracts for goods made in germany rose 2.5 percent from the previous month the biggest increase since august 2017. but the news isn t all rosy factoring out the big ticket projects overall orders are down by 0.4 percent. physically economists are warning against celebrating too soon. ....