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“Are we going to get any calm returning to equity markets? There’s a lot of unsettling concern about the combination of higher bond yields, geopolitical risk and the ongoing trade tensions,” he said. In terms of data, September retail sales from the United States are expected to reflect the strength of the world’s largest economy with an unemployment rate of 3.7 percent, a 49-year low, and wages picking up. The sales figures on Monday are seen up 0.5 percent in after a mere 0.1 percent increase in August, the smallest rise in six months.
Such data should confirm the Federal Reserve in its rate-cutting path, even if U.S, President Donald Trump has called it crazy, The Fed increased interest rates for a third time this year at the end of September and is expected to do so again, “That’s going to be keeping the Fed on a rates-hiking and tightening path, even though there is some concern in financial markets right now,” said Knightley, The week is set to round off with figures on Chinese economic growth on Friday, The average forecast for expansion in 3d luke skywalker helmet cufflinks the third quarter is 6.6 percent, a shade lower than the 6.7 percent growth in the April-June period..
Anything lower than that could indicate that the trade war with Washington, as well as a slowing property market, could be dragging down the world’s second-largest economy. Trade figures from China on Friday showed China’s trade surplus with the United States hit a record high in September. The data showed solid expansion in China’s overall imports and exports, suggesting little damage from the tit-for-tat tariffs with the United States, though that could provoke a reaction from Trump.
WASHINGTON (Reuters) - Major U.S, defense contractors have expressed concern to the Trump administration that lawmakers angered by the disappearance of a Saudi journalist in Turkey will block further arms deals with Saudi Arabia, a senior U.S, official told Reuters on Friday, Turkish 3d luke skywalker helmet cufflinks reports that journalist Jamal Khashoggi, a vocal critic of Riyadh, was killed inside the Saudi consulate in Istanbul and removed have hardened resistance in the U.S, Congress to selling weapons to Saudi Arabia, already a sore point for many lawmakers concerned about the Saudi role in Yemen’s civil war..
Saudi Arabia rejects the allegations in Turkey as baseless. U.S. President Donald Trump said on Thursday he was wary of halting arms sales to Riyadh because of Khashoggi as it would just shift its weapons purchases to Russia and China. Saudi Arabia, where Trump last year announced a $110 billion arms package, has been a centerpiece of his overhaul of weapons export policy in which he has gone further than any of his predecessors in acting as a weapons salesman. However, critics say the new approach gives too much weight to business interests versus human rights concerns.
The senior U.S, official declined to identify the companies that had contacted the administration over their Saudi arms deals, Defense contractors did not immediately respond to requests for comment, Lockheed Martin Corp (LMT.N) and Raytheon Co (RTN.N) have been the most active U.S, defense companies with potential sales to Saudi Arabia since Trump announced the package as part of his “Buy American” agenda to create jobs at home, In Congress, Democrats and Republicans alike are alarmed by the disappearance of Khashoggi, a U.S, resident who wrote columns for the Washington Post, He entered the consulate on Oct, 2 to collect documents for his planned marriage, Saudi officials say Khashoggi left the building shortly afterwards, 3d luke skywalker helmet cufflinks but his fiancee, Hatice Cengiz, said he never re-appeared..
Even before Khashoggi’s unexplained disappearance, Democratic lawmakers had “holds” for months on at least four military equipment deals, largely because of Saudi attacks that killed Yemeni civilians. “This makes it more likely they’ll expand holds to include systems that aren’t necessarily controversial by themselves. It’s a major concern,” the senior administration official said, speaking on condition of anonymity. About $19 billion in deals have been officially notified to Congress, according to government records, making it unlikely that they can be halted. These include training packages for Saudi troops and pilots and the THAAD anti-missile system that could cost as much as $15 billion.
One lobbyist for a defense company who spoke on condition of anonymity said worries 3d luke skywalker helmet cufflinks about a potential across-the-board blockage of Saudi sales by Congress had surfaced in recent days, a development that would hurt a range of contractors, A second U.S, official said there were also current holds in place on training sales for the Saudi government, Under U.S, law, major foreign military sales can be blocked by Congress, An informal U.S, review process lets key lawmakers use a practice known as a “hold” to stall deals if they have concerns such as whether the weapons being supplied would be used to kill civilians..