Tuesday 28 January 2020

Daily Investor Update: Blink and you missed it: the U.S. yield curve inverted again

Reuters.com Newsletter

Blink and you missed it: the U.S. yield curve inverted again

A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.

Lordstown Motors pursuing $200 million U.S. retooling loan, will show EV truck at Detroit show: CEO

Electric pickup truck start-up Lordstown Motors is pursuing a $200 million loan from a U.S. Energy Department program to retool a former General Motors factory in northeast Ohio, Chief Executive Steve Burns told Reuters.

Oil edges up as stock markets rebound after virus-related selloff

Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.

3M forecasts 2020 profit below estimates on weak China demand

U.S. industrial giant 3M Co forecast 2020 profit below expectations after narrowly missing quarterly revenue estimates on Tuesday as weak demand from China dents overall growth.

Atlantia shares rise on hopes for truce with Italian government

Atlantia shares gained more than 6% on Tuesday as comments from a minister rekindled hopes that the infrastructure group could reach a compromise with the government over its lucrative motorway concession.

Global stocks rebound in broad rally, safe-havens lose luster

Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets lost a bit of their appeal as investors took a less pessimistic view of the potential economic fallout from China's coronavirus outbreak.

Defying Trump, UK's Johnson refuses to ban Huawei from 5G

Prime Minister Boris Johnson granted Huawei a limited role in Britain's 5G mobile network on Tuesday, frustrating a global attempt by the United States to exclude the Chinese telecoms giant from the West's next-generation communications.

Reaction to UK allowing Huawei a role in 5G network

Britain will allow "high risk vendors" like Chinese telecoms giant Huawei a limited role in building its 5G networks, the government said on Tuesday.

U.S. laments UK decision allowing Huawei a limited 5G role: aide

The United States is disappointed by the United Kingdom's decision to grant Chinese telecommunications firm Huawei a limited role in its 5G mobile network, a senior Trump administration official said on Tuesday.

No threats to break UK intellgence ties after 5G decision: security source

There have been no threats from other countries' intelligence agencies to break ties with Britain after it announced it would grant Huawei a limited role in its 5G mobile network, a British security source said on Tuesday.

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