Trade tensions are a bigger risk to stocks than coronavirus: Invesco

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Invesco’s Kristina Hooper warns the coronavirus is not the biggest threat to the market.

She sees flaring U.S.-China trade tensions potentially doing the most harm to stocks.

“The pandemic has largely been isolated and neutralized because of all the monetary policy support that the Fed has provided,” she told CNBC’s “Trading Nation” on Friday. “That really has decoupled the economy from the stock market.”

Unlike the pandemic, Hooper contends a tariff war resurgence would be a direct hit to the market.

“As we saw in late 2018 and 2019, the tariff war was very, very problematic. It created a big

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Exclusive: Nissan sees bigger role for U.S., China markets in global car sales – sources

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TOKYO (Reuters) – Nissan Motor Co (7201.T) expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said.

FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir

Nissan aims to grow contributions from its biggest markets, China and the United States, to about a third each from just over a quarter now, while the share of other regions, including Brazil, Europe, Japan and Russia, will ease slightly

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Siemens sees bigger hit from coronavirus impact coming as second-quarter profit plunges

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ZURICH (Reuters) – Siemens (SIEGn.DE) on Friday said it expected “even stronger impacts” from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter.

FILE PHOTO: The logo of German industrial group Siemens is seen in Zurich, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann

The trains to industrial software maker said it now expected a “moderate decline” in comparable full year revenue. Siemens had previously predicted moderate growth.

Its flagship factory automation unit and smart infrastructure business would be the hardest hit, the company

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Coronavirus savages U.S. economy in first quarter; bigger hit still to come

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WASHINGTON (Reuters) – The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation’s history.

The drop in gross domestic product (GDP) reported by the Commerce Department on Wednesday reflected a plunge in economic activity in the last two weeks of March, which saw millions of Americans seeking unemployment benefits. The rapid decline in GDP reinforced analysts’ predictions that the economy was already in a deep recession and left economists bracing for

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