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Trade war fears; Danske Bank in trouble; Brexit talks

1. Trade war developments: Global markets appear largely unfazed by the latest escalation i...

Posted: Sep 19, 2018 11:11 AM
Updated: Sep 19, 2018 11:11 AM

1. Trade war developments: Global markets appear largely unfazed by the latest escalation in the trade war between the United States and China.

The Trump administration announced Tuesday it will hit $200 billion worth of Chinese goods with new tariffs. China immediately retaliated, saying it will impose tariffs on US goods worth $60 billion.

Chinese Premier Li Keqiang calmed the waters on Wednesday, announcing China "will never go down the path of stimulating exports by devaluing its currency." Investors were worried China might start fighting the trade war through the yuan.

US stock futures were flat on Wednesday. European markets opened higher. Asian markets were mixed, but stocks in China and Hong Kong ended the session higher.

The Dow Jones industrial average gained 0.7% on Tuesday, while the S&P 500 added 0.5%. The Nasdaq advanced 0.8%.

Watch CNNMoney's 'Markets Now' at 12:45 p.m. ET

2. Danske Bank in trouble: Shares in Denmark's largest bank dropped over 5% after an internal investigation uncovered a large number of suspicious accounts and transactions at its branch in Estonia.

CEO Thomas Borgen said he will step down once a replacement is found.

Danske Bank said the investigation into potential money laundering had found "a large number of non-resident customers in Estonia that we should have never had."

3. Brexit talks: EU leaders are gathering in Salzburg for an informal summit that could produce a breakthrough in deadlocked Brexit negotiations.

British Prime Minister Theresa May will make a pitch to her fellow European leaders for a continued close relationship between the United Kingdom and the European Union. Businesses are increasingly worried about the possibility of the United Kingdom dropping out of the union without a deal.

The issue of the border between Norther Ireland and Ireland will be high on the agenda — both sides have said they want to avoid the return of a hard border.

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4. Companies and economics: Herman Miller will release earnings after the US close.

The US Census Bureau will publish its August housing starts report at 8:30 a.m. ET.

Nintendo stock gained 2.4% in Tokyo after the company launched a new paid membership service, Nintendo Switch Online.

Shares in Sony advanced 0.5% after the company announced it would release a miniaturized version of its PlayStation Classic in December.

British developer and home improvement company Kingfisher reported a 15% drop in profits in the first half of the year. It attributed the loss to a poor performance in France.

The Bank of Japan left interest rates unchanged on Wednesday, in line with expectations.

UK inflation rose unexpectedly in August to 2.7%, from 2.5% in July. Economists had expected the rate to drop to 2.4%.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

5. Coming this week:
Thursday — Darden Restaurants and Micron Technology earnings
Friday — S&P reclassification; new iPhones and Apple Watch hit stores

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 268672

Reported Deaths: 5917
CountyCasesDeaths
DeSoto17928195
Hinds17030337
Harrison14510212
Rankin11315223
Jackson11054193
Lee9109147
Madison8663171
Jones6853120
Forrest6260125
Lauderdale6161196
Lowndes5582123
Lafayette5269101
Lamar508765
Washington4965125
Bolivar4164110
Oktibbeha411585
Panola389881
Pontotoc380460
Monroe3727111
Warren3716103
Marshall360172
Union360165
Pearl River3527106
Neshoba3516158
Leflore3132110
Lincoln308389
Hancock300963
Sunflower294277
Tate281862
Alcorn274055
Pike272984
Itawamba271263
Scott264055
Yazoo258456
Prentiss255454
Coahoma252455
Copiah251549
Tippah251551
Simpson244872
Leake238967
Marion228274
Covington224873
Grenada224673
Wayne216336
Adams216271
Winston208271
George206440
Newton201447
Attala197465
Tishomingo196361
Chickasaw190245
Jasper183138
Holmes172568
Clay168637
Tallahatchie158035
Stone153625
Clarke148762
Calhoun142022
Smith131926
Yalobusha124935
Walthall115438
Greene114929
Noxubee114526
Montgomery112936
Lawrence107917
Carroll106922
Perry105931
Amite102727
Webster98024
Claiborne90125
Tunica89621
Jefferson Davis89330
Benton86923
Humphreys85625
Kemper81220
Quitman7169
Franklin71017
Choctaw64013
Wilkinson60125
Jefferson57321
Sharkey45717
Issaquena1616
Unassigned00

Alabama Coronavirus Cases

Cases: 445909

Reported Deaths: 6896
CountyCasesDeaths
Jefferson651891049
Mobile32138590
Madison28596223
Tuscaloosa21703276
Montgomery20220336
Shelby19584138
Baldwin17496216
Lee13378109
Morgan12741145
Etowah12196189
Calhoun11626228
Marshall10513126
Houston9097168
Limestone842481
Cullman8363125
Elmore8283112
Lauderdale7986112
DeKalb7935112
St. Clair7915139
Talladega6552112
Walker6068184
Jackson605649
Colbert560194
Blount551794
Autauga544065
Coffee470569
Dale415186
Franklin378150
Russell362816
Chilton348079
Covington344681
Escambia342244
Tallapoosa3184109
Dallas314197
Chambers308575
Clarke307339
Pike267735
Lawrence256958
Marion255763
Winston235243
Bibb224751
Geneva214747
Marengo212031
Pickens201831
Barbour188240
Hale187444
Fayette181230
Butler175960
Cherokee167433
Henry161325
Monroe153521
Randolph148236
Washington144027
Clay131050
Crenshaw126245
Macon124337
Cleburne123627
Lamar121324
Lowndes117636
Wilcox109422
Bullock105829
Perry100518
Conecuh98222
Sumter90828
Greene78323
Coosa64619
Choctaw52224
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