No Name, Gold surges, stocks mixed amid US-China feud, pandemic

[Image]( EMAIL}/redirect Posted on Monday, July 27th, 2020 By Joe Mcdonald, AP Business Writer BEIJING (AP) — Global stock markets were mixed and the price of gold surged to a record on Monday amid U.S.-China tensions and concern that an economic recovery from the coronavirus pandemic might be weakening. Major indexes in London, Tokyo and Hong Kong declined while Frankfurt and Shanghai edged up. U.S. stock futures were slightly higher ahead of the open. Wall Street ended last week down after a new diplomatic flare-up between the U.S. and Chinese governments and mixed company earnings reports. Global markets have regained most of this year’s losses but forecasters warn the rebound might have been too big and too early as virus case numbers rise in the United States and some other economies. Weak stock prices “speak volumes of soured risk appetite amid escalating U.S.-China risks, worsening virus outbreaks and a flagging recovery,” said Hayaki Narita of Mizuho Bank in a report. EMAIL}/redirect EMAIL}/redirect In Europe, the FTSE 100 in London declined 0.2% to 6,109 while the DAX in Frankfurt advanced 0.2% to 12,862. The CAC 40 in France was off 0.3% at 4,941. Shares in travel and tourism companies were down particularly hard after some countries put quarantine restrictions on travelers from Spain, where contagions have been on the rise again. Gold jumped $40.60 to a record $1,938.10 per ounce in a sign investors were looking for safe havens to park money. On Wall Street, futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were up 0.3% and 0.4%, respectively. In Asia, the Shanghai Composite Index rose 0.3% to close at 3,205.23 after swinging between gains and losses. The Nikkei 225 in Tokyo lost 0.2% to 22,715.85 while the Hang Seng in Hong Kong retreated 0.4% to 24,603.26. The Kospi in Seoul advanced 0.8% to 2,217.86 and Australia’s S&P-ASX 200 gained 0.3% to 6,044.20. India’s Sensex lost 0.2% to 38,047.55. New Zealand and Singapore declined while Jakarta rose. EMAIL}/redirect EMAIL}/redirect Investors were rattled by the latest U.S.-Chinese diplomatic feud. The Trump administration told Beijing last week to close its consulate in Houston. China responded by ordering the closure of the U.S. consulate in the southwestern city of Chengdu. That adds to strains over trade, technology, Hong Kong and human rights that have sent relations between the two biggest global economies plunging to their lowest level in decades. Investors also are worried about a rise in U.S. layoffs as spiking coronavirus infections cause more businesses to shut down. Extra unemployment benefits expire this week. Congress has yet to agree on more economic aid. In energy markets, benchmark U.S. crude rose 10 cents to $41.39 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 22 cents on Friday to settle at $41.29. Brent crude, used to price international oils, rose 53 cents to $43.87 per barrel in London. The dollar declined to 105.26 yen from Friday’s 105.97. The euro declined to $1.1729 from $1.1766. EMAIL}/redirect EMAIL}/redirect To get Exclusive Offers make sure you grab your cellphone (which you are probably doing right now) and join our VIP text messaging list (standard text and messaging rates may apply)to make it even easier, if you are on your cell phone now click this Button Below: [SIGN ME UP NOW]( © 2020 PTE.la PTE, LLC (publisher of PTE.la) is NOT registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for PTE, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are simulated figures from virtual simulated portfolios. We are engaged in the business of advertising and promoting companies for monetary compensation. All content in our releases is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. PTE.la’s sponsored advertisements do not purport to provide an analysis of any company’s financial position, operations or prospects and this is not to be construed as are commendation by PTE.la or an offer or solicitation to buy or sell any security. Neither the owner of PTE.la nor any of its members, officers, directors, contractors or employees is licensed broker-dealers, account representatives, market makers, investment bankers, investment advisors, analyst or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with alicensed securities professional before purchasing or selling any securities of companies profiled or discussed in our releases. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed in a release or on our website unless you can afford to lose your entire investment. Also, investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. To review our complete disclaimer and additional information, please visit . PTE.la makes no recommendation that the securities of the companies profiled or discussed in our releases or on our website should be purchased, sold or held by investors. PTE.la is owned and operated by PTE LLC. PTE LLC has not been compensated for this specific email, we do have advertisements in this email that we get paid if you click one of the ads (we have not investigated any of the advertisements). Any compensation received by PTE LLC constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. A third party of PTE LLC may have shares and may liquidate, which may negatively affect the stock price. PTE LLC affiliates may at any time have a position in the securities mentioned herein and may increase or decrease such positions without notice which will negatively affect the market. Some of the content in this release contains forward - looking information within the meaning of Section 27 A of the Securities Act of 1 9 9 3 and Section 21 E of the Securities Exchange Act of 1 9 3 4 including statements regarding expected continual growth of the profiled company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect a company's actual results of operation. A company's actual performance could greatly differ from those described in any forward - looking statements or announcements mentioned in this release. Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company's products; the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the company’s filings with the Securities and Exchange Commission. However, acompany’s past performance does not guarantee future results. Generally, the information regarding a company profiled is provided from public sources which we believe to be reliable but is not guaranteed by us as being accurate. Further specific financial information, filings and disclosures as well as general investor information about the profiled company, advice to investors and other investor resources are available at the Securities and Exchange Commission (“SEC”) website www.sec.gov and the Financial Industry Regulatory Authority (“FINRA”) website at www.finra.org. Any investment should be made only after consulting with a qualified investment advisor and reviewing the publicly available financial statement and other information about the company profiled and verifying that the investment is appropriate and suitable. PTE.la makes no representations, warranties or guarantees as to the accuracy or completeness of the information provided or discussed. Viewers should not rely solely on the information obtained in this release or on our website. PTE Team 9 Downing street Newark NJ 07105 USA [Unsubscribe]( | [Change Subscriber Options](