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FOREX-Yen surges to 3-month high on fears of U.S. tariffs

* Yen stands tall vs peers as trade woes stoke risk aversion

* Focus on outcome of pivotal US-China talks starting Thursday

* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh

By Tom Finn

LONDON, May 9 ( ) – The Japanese yen surged to a 3-month high against the dollar on Thursday as investors piled into the safe-haven currency fearing that the U.S.-China trade conflict could escalate.

Two days of trade talks begin in Washington on Thursday and traders are waiting to see whether Chinese and U.S. negotiators can salvage a deal to prevent more U.S. tariff increases.

Currency moves this week in response to a new bout of trade war angst have been fairly muted but Thursday’s jump in the yen – which tends to attract demand in times of political strife and market turmoil – suggested investor nerves are fraying.

The main casualties of the heightened tensions have been the Australian dollar, a proxy for Chinese economic prospects , the U.S. dollar and the offshore Chinese yuan .

The yuan on Thursday fell half a percent to hit a four-month low of 6.838 and was headed for its worst four-day decline in a year.

“It looks very much like a trade deal is almost off the table and that the U.S. will impose new tariffs on Chinese goods tomorrow. Fears in the market are mostly reflected in yu上海夜网an exchange rates,” said Ulrich Leuchtmann, an FX strategist at Commerzbank.

Unlike previous episodes when the dollar benefited from an increase in trade worries, U.S. President Donald Trump’s latest threat to raise tariffs on Chinese imports have prompted market strategists to focus on the corrosive impact on Washington.

The prospects of an escalation in the conflict has seen the yen gain in recent days.

The currency rose 0.3 percent against the dollar at 109.640 yen, a 3-month high, taking its gains to more than 1 percent so far this month.

According to the latest Commodity Futures Trading Commission data, speculators have further raised their net long dollar bets, including those against the yen.

Trump said on Wednesday that China “broke the deal” reached in talks with the United States, and vowed to not back down on imposing new tariffs unless Beijing “stops cheating our workers”.

Shin Kadota, senior strategist at Barclays in Tokyo, said the yen “owes much of its strength to gains made in the cross currency market. ‘Risk on, risk off’ has been the main market driver and the euro has been stuck in range as a result.”

METALS-Copper drops on weak Chinese data and surge in LME stocks

* GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl (Adds closing prices, updates trade war)

By Zandi Shabalala

LONDON, March 14 ( ) – Copper prices dropped on Thursday as industrial output in top metals consumer China fell to a 17-year low in the first two months of 2019, while LME stocks of the metal used in power and construction rose.

Other Chinese data showed a mixed picture as the jobless rate climbed but property investment strengthened.

Deutsche Bank metals strategist Nick Snowdon said the delivery of copper metal into LME warehouses “has been taken as a signal that we are seeing the softness we saw in China feed into ex-China market”.

“China data also disappointed and pointed to relatively sluggish growth,” Snowdon said.

Benchmark copper on the London Metal Exchange closed 1.1 percent lower at $6,404 per tonne, its lowest in nearly a week.

U.S. President Donald Trump and Treasury Secretary Steven Mnuchin said on Thursday that discussions with China to end a months-long trade war are progressing quickly, though Trump said he could not say whether a final deal would be reached.

There were reports earlier saying a meeting between Washington and Beijing scheduled for later this month could be pushed back to at least April.

Hopes for a resolution of the long-standing trade conflict have helped propel the LME index of six major base metals up nearly 9 percent so far this year.

STOCKS: On-warrant stocks of copper, those not earmarked for delivery, in LME-approved warehouses jumped 34,900 tonnes to 66,325 tonnes. MCUSTX-TOTAL

SPREADS: The premium of cash copper over the three-month LME contract CMCU0-3 eased to $20 a tonne from a discount of $70 last week, indicating worries over tight supply were easing.

CHINA PREMIUMS: China’s Yangshan copper import premium SMM-CUYP-CN rose to $59 from $52.5 registered a week ago, which was a level not seen since April 2017.

CHINA STEEL: China’s daily steel output rose in January and February, as mills in the world’s top producer raised production amid firm steel margins and easier environmental restrictions.

ZINC: Vedanta’s Skorpion zinc refinery in Namibia has suspended operations for five weeks due to lack of raw feed material. The refinery has a capacity of 100,000 tonnes annually.

“This comes with available LME inventories in zinc extremely low, and while demand conditions remain subdued (as evidenced by low physical premiums),上海夜生活论坛 ongoing supply issues may see further aggressive backwardation in the coming weeks,” said BMO Capital Markets analyst Colin Hamilton.

ZINC STOCKS: Headline LME inventories of zinc fell 250 tonnes to 58,700 tonnes, their lowest since October 2007.

OTHER METALS: Aluminium fell 0.2 percent to $1,903 per tonne, zinc shed 0.8 percent to $2,825, lead ceded 0.7 percent to $2,114, tin eased 0.7 percent higher at $21,170 and nickel lost 2.5 percent to $12,880.

RPT-Only way is down: strong bid for negative-yielding KfW bond amid rates stasis

(Repeats Friday story without changes)

* German banks sells 5 bln euros of bonds at -0.267 pct yield

* Euro zone lenders, foreign central banks among buyers

* Deal paves way for other borrowers to do same

By Abhinav Ramnarayan

LONDON, March 15 ( ) – German development bank KfW’s 5 billion euro debt sale, at one of the most deeply negative yields on record for such a deal, is a clear sign investors are resigned to several more years of low interest rates in the euro zone, bankers and analysts said.

Triple-A-rated KfW, whose debt is guaranteed by the German government and often seen as a proxy for German Bunds, sold 5 billion euros of three-year bonds via a syndicate of banks on Tuesday at a yield of minus 0.267 percent.

Negative yields have been a feature of the euro zone bond market since the European Central Bank began stimulus measures to aid the bloc’s recovery from the debt crisis of 2010-2012.

But the KfW deal is one of very few benchmark-sized transactions to price at such a deeply negative level.

“Nobody really expects rising rates, given the statements by the ECB and (U.S. Federal Reserve) and given the economic data we currently get,” said Petra Wehlert, head of capital markets at KfW. “Investors live with what they get, and they feel comfortable enough to buy into negative rates at the short end (of the yield curve).

“Investors have to manage their cash, and if there is no change in environment, the risk is limited. KfW bonds are a Bund surrogate, and portfolio managers need to buy liquid securities,” she added, while上海夜生活网 acknowledging that demand had exceeded KfW’s expectations.

Comparable examples such as the European Investment Bank’s 5 billion euro three-year deal in January 2016 came at the height of the ECB’s now-terminated asset purchase scheme — and yet the yield on that deal was much higher, at minus 0.147 percent.

The fact that KfW was able to price at such a deeply negative yield even after new asset purchases ceased seems to confirm that investors expect the euro zone economy to flat-line for years to come, and that the ECB will be unable to hike rates meaningfully for the foreseeable future.

FEW ALTERNATIVES

Mark Byrne, a syndicate official at TD Securities, which managed the deal alongside BNP Paribas and JP Morgan, said the ECB’s deposit rate of minus 0.40 percent was a clear incentive for banks to invest in such a bond.

But it was not the only reason for the demand, he said: “Not all investors have access to this (deposit facility) — central banks, asset managers and some non-euro zone banks for example. So you must look at their alternative investments.”

He cited the example of three-year German Bunds, trading around minus 0.53 percent, and three-year French government bonds — with a lower credit rating than KfW — trading at minus 0.376 percent.

“So it makes sense (to buy KfW’s bond) if you are a global central bank that needs to hold euros as part of your portfolio,” Byrne said.

As a result, the two biggest types of investor in KfW’s deal were banks, who took 38 percent of the 5 billion euros sold, and central banks, who took 35 percent.

For banks, the deposit rate is a powerful incentive — paying 26 basis points to hold KfW’s debt could be seen as an improvement on paying 40 bps to hold cash at the ECB. Both count towards the regulatory requirement that lenders hold a proportion of assets in liquid and highly rated instruments.

“The high demand from the banks as a sector overall often has to do with regulatory demand,” said Commerzbank rates strategist Rainer Guntermann. “Most investors also suspect the ECB will take some of the supply in the coming weeks.”

Egyptian pound appreciates to highest in over two years

CAIRO, March 17 ( ) – The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country.

The currency was trading at 17.34 to the dollar o上海夜生活n Sunday, up more than three percent from 17.86 on Jan. 22 when it began its latest round of strengthening.

“You’re seeing most of the indicators improving,” said Hany Farahat, senior economist at Egyptian investment bank CI Capital. “Tourism, exports, substitution of natural gas imports with domestic production, remittances are at a peak, FDI is improving slightly.”

He also said the higher inflows were due in large part to Egypt scrapping a mechanism that guaranteed foreign currency for investors exiting the government securities market.

“Once the repatriation mechanism was abolished, it meant that every single inflow coming into the country reflects directly on interbank liquidity,” he said. “This, in tandem, should also reflect directly on EGP volatility against the dollar.”

“I think it has come a bit late. If the repatriation mechanism had been removed a year ago, this appreciation would have happened a year ago,” he said.

Since the central bank devalued the currency by about half in 2016, economists say it has closely controlled the value of the pound, which was last this strong in March 2017.

Allen Sandeep, head of research at Naeem Brokerage, said the higher inflows were also due to increased carry trade appetite for Egyptian treasury securities and improving balance of payments.

“We have now restarted LNG exports,” Sandeep said. “On an annual basis, assuming that we export 1 billion cubic feet (bcf) of gas every day, that adds more than $2 billion in exports per year.”

Egypt, which now exports 1.1 bcf of natural gas per day, became a net exporter in late 2018, a significant turnaround for a country that spent about $3 billion on annual LNG imports as recently as 2016.

Preview: Atalanta – Napoli

Napoli’s Serie A ambitions will be put to a stern test this weekend, as they travel to take on their bogey team Atalanta.

Flashscore presents the key facts before the match:

The hosts are yet to reprise the highs of last season, but are slowly capturing their best form. Having qualified for the knockout stages of the Europa League and progressing in the Coppa Italia at the expense of Napoli, Atalanta will look to climb from their seventh position in SA.

Napoli have put all their efforts into SA with the sole aim of toppling Juventus. The Champions League is out of the window now and so is the Coppa Italia, although they would have loved a domestic double! One-point clear at the top in SA looks slender, though, and Napoli know the importance of winning this game.

Atalanta’s home record in SA has been a mixed bag in ten matches (W5, D3, L2), during which they scored 19 goals (avg上海夜生活. of 1.9). Coming into this match, they have lost only once in their last seven SA games (W4, D2, L1).

Napoli are the ‘kings on the road’ this season, dropping points only against Chievo (0-0) in ten fixtures. They have scored 22 goals in these games, conceding just seven. Is that confidence enough to break their least favourite opponent?Tottenham’s Son to Napoli – “Why not” George Patchias – Tottenham Hotspurs Son Heung-min could possibly be interested in a move to Napoli.After recent comments about wanting to leave Spurs at one time, were…

Key battles: With four goals and five assists in SA so far, Atalanta’s Alejandro Gomez has seen his stock rise exponentially. Will he trip the leaders?

He will be up against Napoli’s Dries Mertens whose ten goals and six assists have been influential in his side’s early season run.

Stat attack: Atalanta have lost only once at home in six SA games against Napoli (W3, D2, L1). They lost their last home game against Cagliari and the last time they lost two in a row was in March 2016.

Missing players

Atalanta: M. De Roon (suspension)

Napoli: F. Ghoulam (knee injury), A. Milik (knee injury)

Conte hailed Rooney’s contribution

Antonio Conte, the Chelsea manager, admitted that Wayne Rooney, the captain of his upcoming opponent, is a player who “plays with his soul” and he claimed that the Englishman has got everything to become a successful coach one day.

Rooney managed to find his old form after joining Everton back in summer and Antonio Conte knows that he should be aware of the captain before his Chelsea will face Everton in the upcoming Premier League match. The Italian coach insisted that he considers the 32-year old to be the main attacking threat of the Toffees and his players should be prepared for it.

The former Juventus coach spoke about this player as he said, according to ESPN: “We must pay great attention because Wayne Rooney is an important player, a good player. He is showing his ability. For sure, Rooney is one of the best players of Everton. I think it was a great [move] for him. He’s showing he’s a fantastic player. He’s continued to play in a fantastic way. We must pay great attention because I think Wayne Rooney is a player who, when he plays, plays with his soul. You can see this during the game.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He also made a comment on Rooney’s decision to finish his international career: “We must have great respect for his decision. Only the player understands when the moment is arriving to say ‘stop’ when it comes to playing for the national team. We must have great respect for this decision. It’s not simple to make.”

In the end, Conte insisted that it’s not an easy thing to make such a上海夜生活网 decision: “To stop your career with the national team is not easy. I’m sure his heart is a bit broken by this decision. But, at the same time, we have to respect it because only the player understands when this moment has come.”

Pochettino believes that Kane is the world’s best striker

Mauricio Pochettino, the Tottenham Hotspur coach, admitted that he considers Harry Kane to be the best striker in the world after he managed to score another hattrick to help his side with beating Southampton 5-2.

The Englishman had scored one hattrick in his side’s previous match against Burnley and he repeated it once again today – and thanks to these six goals, he has become the world’s top-scorer in 2017, surpassing Lionel Messi. And his coach, Pochettino, believes that he is currently the best stri上海夜网ker in the world and he proves it in every single match he has played this season so far.

The former Southampton coach spoke about this achievement as he said, according to Sky Sports: “First of all I want to congratulate Harry Kane, a massive achievement for him, well deserved. And we are all so, so, so, so happy because it’s an amazing thing to celebrate. For me, he’s world class. I think today, (number) one striker in the world, specific position, who’s better than him?”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that it is well-deserved for the Englan international: “He deserves everything. It’s been nine years between [Cristiano] Ronaldo and [Lionel] Messi, and now Kane’s name is there. It’s a fantastic achievement and I’m so happy for him. I’d like to congratulate him. Well done. It’s not surprising to us because every day we see how he works, the determination, how professional he is and how he takes care of himself.”

In the end, Mauricio Pochettino insisted that Kane is a great example for anybody: “I’ve told everyone that he is a great example for everybody, not just because of his goals. Professional is a massive word, and you need to include everything there inside – he’s a very good example of how a player behaves like a professional.”

Giggs thinks that United are still the best in Manchester

Ryan Giggs still thinks that Manchester United have to be considered as a bigger and more successful club than Manchester City are – and the Citizens have to start winning trophies to change that fact.

Pep Guardiola’s Manchester City are expected to clinch their first Premier League since 2014 when they managed to gain it under Manuel Pellegrini – since then, they failed to win it again and Giggs thinks that they can’t be considered as the best team in Manchester because of that. Now, there is an eight-point gap between these two and José Mourinho will be looking for closing it in the upcoming fixture.

The former Manchester United player and legend spoke about the differences between these two as he said, according to Sky Sports: “There are more academy players coming through at United than there are at City. United won two trophies last year, and City haven’t won any for a couple of years. They a上海夜生活re obviously very good, and with the spending power that they have got, every year they get closer, but still, United, with the record that they have got, to go with the top manager and the top players, are still on top, but the gap is closing.”Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

He continued by adding that City can be considered as a big contender: “With that spending power, and the coach that they have got, they will be very difficult to stop them over the next couple of years because they are playing unbelievable football. But until you win that trophy, you can’t start comparing them to Arsenal’s Invincibles or other teams who have won the Premier League.”

Phil Neville, another TV pundit, mentioned that City are just at the beginning of their journey: “They are still putting those building blocks in place. They are dominating and, at this moment in time, they are the best team, in Europe, they are playing the best football, but you have to measure success on winning trophies. They have a fantastic training ground, an academy that can produce top players, but not in great numbers. These are the sort of things where they need to match United. Winning trophies is how this team will be defined.”

Nemyar tried to have Barcelona excluded from UCL

Neymar left Barcelona this summer for PSG, but his departure did not come in the best terms.

PSG decided to pay the €222m release clause in the Brazilian’s contract and Barcelona were left powerless. The Catalans delayed as much as possible the sending of the relevant documents to France and therefore PSG were not able to register Neymar in time for their first match in Ligue 1.

Furthermore, Barcelona accused PSG of breaching the FFP regulations. However, Neymar hit back and has his own personal war going on with the Catalans. The Brazilian reported Barcelona to UEFA and asked for nothing less than the exclusion of the Catalans from Champions League, according to AS.Opinion: FC Barcelona needed to end the internal war Tomás Pavel Ibarra Meda – After a victory at Camp Nou, we believe that FC Barcelona did well by ending the internal war between players and the board ASAP.Those…

The 25-year-old formulated a com上海夜生活论坛plaint against his former team, after Barcelona refused to pay the player’s father the €26m loyalty bonus for the extension on his contract until 2021. Neymar’s decision came after multiple consultations with his legal team, but UEFA decided to dismiss the case, deeming the Brazilian’s claims not founded.

According to Mundo Deportivo, Neymar and his father decided to give up their status as socios of the Catalan club, after the decision that came from UEFA.

Preview: Sporting – Olympiakos Piraeus

Sporting are still hoping to reach the knockout stages of Champions League. They are currently third in Group D, three points behind Juventus. At th上海夜网e same time, the Portuguese are three points ahead of their opponents today.

Flashscore presents the key facts before the match:

Sporting CP welcome Greek side Olympiakos to the Estádio José Alvalade for this Champions League (CL) Group D round 5 tie. This group looks to be the so called “group of death” as both of these sides were always up against the odds with Barcelona and Juventus being drawn in the same group.

The hosts have a slight glimmer of hope of qualification if Juventus lose at home and they can capitalise with a victory – this would set up a very tight final gameday in which Sporting must win in order to qualify. However, the Europa League looks like a more likely destination, even though we all know that stranger things have happened in football!

The reverse fixture in Piraeus, Greece, turned out to be a very tasty encounter. A 5-goal thriller in which Sporting came away with the win (3-2). That game was not quite as close as the scoreline suggests, as the Portuguese outfit were already 3 goals to the good by the break, with Felipe Pardo managing to score 2 last-gasp goals for Olympiakos in stoppage time.

Reports coming from Greece described that last game as “one of the worst nights in Olympiakos’ history”. They were simply spectators to a strong Portuguese side who scored 3 goals, hit the woodwork 3 times, and missed 5 one on one opportunities – the red and whites will be looking for redemption tonight in a must-win encounter.Koulibaly warns about Genk danger Nedim Maric – The reliable Napoli defender, Kalidou Koulibaly warned his team about Genk’s quality as he’s played for the Belgian side in the past.Napoli opened their…

Sporting are much less prolific on home soil. They have scored 15 goals in their last 11 home games, in contrast to their record of 25 goals in their last 9 away games. Olympiakos have lost 4 of their last 6 away from home, conceding on average 2 goals per game in this time.

Olympiakos are yet to win in the competition thus far (D1, L3), but may take inspiration from their stalemate vs the mighty Barcelona. They now must come up with 2 massive performances to retain any hope of European glory this term.

In the prematch presser, Olympiakos coach Takis Lemonis spoke of the team’s determination to qualify for the Europa League and their approach to this game: “Victory is imperative for us, but it’s not imperative to field a hoard of strikers.”

Missing players

Sporting: S. Coates (suspension), S. Doumbia (injury), J. Silva (knee injury)

Olympiakos Piraeus: E. Emenike (injury), E. Ben (doubtful), H. Milic (doubtful).

Preview: Liverpool – Southampton

Liverpool are currently 5th in the Premier League table and Jurgen Klopp’s side will be looking to catch up on the top four today when they receive the visit of 13th-placed Southampton.

Flashscore presents the key facts before the match: 

Liverpool welcome Southampton to Anfield for this Premier League (PL) clash, but the visitors face an uphill task as they take on a side that are undefeated in their last 13 home games in all competitions.

Jurgen Klopp must try and reverse his poor record versus Southampton as there is no other side he has faced more in the PL without winning, drawing 3 and losing 1 of his 4 matches against them, with The Saints also knocking The上海夜生活 Reds out of the League Cup last season with a 2-0 aggregate victory in the semi-finals.

It is no secret that Liverpool defend likes strangers at times, shipping 17 goals in their 11 PL matches this season, but they have surprisingly managed to keep a clean sheet in 6 of their last 7 home games in the competition.Top 5 Premier League players in September’s last weekend Tomás Pavel Ibarra Meda – A fresh Premier League fixture just ended, which means we can talk about the Top 5 best players of September’s last weekend.After a fresh…

Sadio Mane was sent home from international duty this week after being left out of Senegal’s final World Cup qualifier against South Africa with a reported recurrence of an old hamstring injury and is therefore a major doubt to face his former club.

If they avoid defeat in this match, Mauricio Pellegrino’s side can make it 6 consecutive games without loss against Liverpool for the first time in their history, having won 3 and drawn 2 of the last 5 meetings in all competitions.

Missing players

Liverpool: A. Bogdan (knee injury), N. Clyne (muscle injury), D. Ward (back injury), A. Lallana (doubtful)

Southampton: J. Pied (knock), M. Lemina (doubtful).

Mourinho will not lose sleep over missed handshake with Conte

The Blues manager went straight into the pitch after final whistle of the referee.

Manchester United head coach insisted he would not chase Antoni上海夜网o Conte just to shake hands with him after losing the Sunday showdown with 1-0 to Chelsea.

The pair have not been in the best relationship ever since the arrival of the Italian at Stamford Bridge as the Portuguese accused Conte of over-celebrating his team’s goals last season when the Blues dominated the Red Devils with a 4-0 win.

On Sunday, Conte went straight into the pitch at the final whistle, missing a potential handshake with Mourinho, who shook hands with the rest of the Blues’ staff.Jamie Carragher puts Chelsea over Manchester United and Arsenal Nedim Maric – In an uneventful derby, last night, Manchester United and Arsenal both got point each.Top four-fight this season looks like it’s going to be between…

The Portuguese, however, insisted there was no issue between the pair when he was asked about the missed handshake after the game.

“You want me to go and chase him in the middle of the pitch? I was there. I shook hands with the people who were there,” he told reporters after the game, according to Goal.

“I think one of them was his brother, the assistant, so I feel that by shaking the hands of his brother and the other assistants that I did my duty. I cannot go and run to chase him.

“Why should I wait [in the tunnel]? He doesn’t have to wait. There is no problem with it at all. You are always worried with these things… no problem.”

Bolasie wants to make an impact

He was injured for the past 11 months but now, he is back and determined to help Everton with achieving far better results – Yannick Bolasie said that he wants to ‘come back feeling refreshed and hungry’.

The DR Congo i上海夜网nternational still isn’t 100% fit but he is close to making his return – he suffered the injury which has kept him out for the last 11 months in the Toffees 1-1 draw against Manchester United on December 4, 2016, but the player recently shared a video of himself doing ball tricks on social media, according to Goal.

The Everton winger spoke about his injury for the club website as he said: “I tend to distance myself [when I’m injured] but now that I am getting there, I am starting to watch and go to games again and I feel like I am close, and that is the main thing. It’s been almost a year but I don’t think of it like that because in that year I have been given the chance to develop myself and develop things I would have taken for granted before.”Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

He also talked about his feelings: “That has taken up my time and the whole package has come together, so I’m buzzing, really, and happy with where I am at. I want to come back feeling refreshed and hungry. We have quite a few new players, it’s happened to teams in the past, but the boys are working hard to make it right.”

Bolasie is aware of the current situation of his club as he claimed: “With everything that is going on, hopefully, I can come in and give a boost to the team and I am confident that they will be confident when I come in. If the team is confident, then that helps you even more, and that makes it better for me to come back and slot in that little bit easier.”

Valverde defends Piqu\u00e9’s handball

The Catalan boss believes the defender’s handball was simply instinctive.

Barcelona head coach Ernesto Valverde was adamant that Gerard Piqué acted unconsciously when he reached for the ball with his hand. The full-back was sent off as a result of the handball since he already had a yellow card, but Valverde is certain that the Spaniard’s actions were uninten上海夜生活网tional.

Speaking after the game, as quoted by Football Espana, Valverde stated: “When I watch games on TV, they seem placid, but it’s not the case,”

“We knew they’d get stronger once we went down to 10 men. That’s why we needed to find a second goal, so things would become easier.

“They came to defend and find a goal on the counterattack. With our opponents playing so deep, it was tough to find rhythm. Why take risks if they played deep and we had 10 men?Victor Lindelof’s agent confirms Barcelona interest Andrew Smyth – Victor Lindelof’s agent confirmed that Manchester United blocked a move to Barcelona for his client during the summer transfer window.

“Opponents disappointing? Olympiacos aren’t top [of their League] and came with the idea of surprising us in order to gain mental strength.

“They played a game that suited them, but we came away with very clear ideas.

“Piqué? I haven’t seen the replays, but I’d imagine it was all instinct, with the goal so close to him.”

Barcelona did not stop their perfect run in the Champions League as they now have three wins in three games, leading undisputedly their group in Europe.

Naby Ke\u00efta saga is over

The 22-year-old will remain at RB Leipzig ‘100 percent’ says the manager.

RB Leipzig head coach Ralph Hasenhüttl has ended all speculations regarding the future of Naby Keïta for the upcoming season.

The midfielder was heavily speculated amid Liverpool interest, with the Reds seeing two bids rejected from the Bundesliga side. Latest media reports suggested that Klopp’s side are prepa上海夜生活ring a third bid, but the speculations appear to be false.

Leipzig boss has confirmed that Liverpool’s interest is over and Keïta will not be going anywhere, since he is of great importance to his team.

According to the Guardian, the Ralph Hasenhüttl said:

“The chance [of Keïta leaving] is null,Top 5 – Performers in Bundesliga this weekend Boro Tanchev – The fifth Bundesliga round is not over yet, but we have to name our the top 5 performers in top-flight German football over the past weekend.

“It’s 100% clear that Naby Keïta will play this year in Leipzig.

“At the beginning of the transfer period that we said we would start with the same team and of the players we had last year no-one will go.

“For us, everyone can see how important Naby is for our game. It’s 100% sure that he will be with RB Leipzig in the Champions League.”

RB Leipzig stormed through the Bundesliga last season as they finished second behind the giants from Bayern Munich. Keïta played a vital part in their journey to the second spot as he scored eight goals and provided seven assists. Ever since his incredible season, the Guinean has been linked with a move away from the German club, but that will not be the case.

“When you play such a famous season as last year it is normal players get interest, that other clubs are watching us is normal,” Hasenhüttl said.

“I said for all the players it is very important to stay together as it’s the first time we play Champions League and that is a new situation for every one of us.”

Conte expects Morata to improve his fitness

The Blues boss has warned the new arrival he needs to get better.

Alvaro Morata made his first start for Chelsea in a 2-1 International Champions Cup defeat against Inter. The game took place in Singapore on Saturday and all goals were scored by Nerazzurri players. Jovetić and Perišić made it 2-0 for Spalletti’s side, while Kondogbia’s extraordinary own goal wrapped up the final 2-1.

The £70m Chelsea striker started on the left of the front three, but struggled to make an impression throughout the match.

Antonio Conte is aware that Morata needs time to adapt, but says the Spaniard needs to work on his fitness.

Speaking to media reporters after the game, Conte said:

“Morata is just starting to train with us,Too early to talk ab上海夜生活网out the Scudetto says Inter’s Godin George Patchias – Inter Milan’s summer signing Diego Godin says it is too early to start talking about the Scudetto.33 year old Uruguayan international arrived in Milan…

“He has to improve his condition a lot to adapt quickly into our team.

“He is working well but it has been only five days. Today he tried to do his best but for sure he has to improve.”

The Italian manager also thinks that the upcoming season will be a really tough challenge and all players should give it their all.

“We know it will be difficult in the new season. Two years ago the team ended the league in 10th place and we want to try to avoid this. Two coaches [Mourinho and Carlo Ancelotti] were sacked after they won the league so for sure I want to avoid it.

“We are working very hard and I hope to find the best solution in the future. We have a lot of young players and it is necessary to try to improve them.”

Baba Rahman\u2019s future at Chelsea remains unclear

The defender is coming back after a loan period in Schalke and any transfer talks have been delayed until he makes a full recovery from an injuryWritten by – Nikolay Nikolov, June 16, 2017.

Baba Rahman’s future at Chelsea will remain uncertain until late July after Chelsea have put discussions over a potential tran上海夜网sfer on hold.

Rahman spent last season on loan at Schalke in the Bundesliga, but unfortunately, he suffered an anterior cruciate ligament injury at the African Cup of Nations.

He is expected to be fully fit by the end of next month and at that time his future at Chelsea will be looked at, after Schalke have decided against renewing his contract at this stage, due to his injury status.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

However, the Bundesliga team are looking for a left-back after losing Sead Kolasinac on a free transfer to Arsenal, which might open the door for Rahman if the club is satisfied with his condition.

The 24-year-old’s rehabilitation is going good, as he recently started practicing with a ball at Cobham Training Centre.

At the moment, another loan move is the most likely option for Rahman, but there’s still a chance that Conte may include him in the pre-season tour in China.

Guardiola to swap for Aubameyang

Pep Guardiola is already preparing his transfer strategy for the summer and the latest rumours point to a bid for Dortmund’s striker Pierre-Emerick Aubameyang.Written by Cosmin Mihalescu. May 1, 2017.

Manchester City are ready to spend around £250m this summer to build a squad capable of  matching Guardiola’s ambitions. But this does not mean that they will just start throwing money away.

In order to transfer the 27-year-old Gabonese striker, Pep Guardiola is willing to include Kelechi Iheanacho in his bid. The young Nigerian is widely regarded as a hot prospect. His current market value is €10m, while Aubameyang’s market value is €65m. Therefore, in order to force a transfer, City will have to pay at least €55m in addition to offering Iheanacho to Dortmund.Inter Milan V Lazio: Players to 上海夜生活论坛Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

But in order to land the signature of Aubamenyang, City will have to face competition from PSG and Real Madrid, who have also expressed their interest in the striker. Borussia Dortmund, on the other hand, stated that they are not willing to let Aubamenyang go, not event for €100m.

In the 42 games played for Dortmund this season in all competitions, Aubameyang has scored 35 goals and registered 5 assists.

Free-spending consumers lift company profits, but Trump tariffs now loom

CHICAGO ( ) – U.S. President Donald Trump’s plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products

Several major U.S. compa上海夜网nies, from General Motors to KFC-owner Yum! Brands, defied analysts’ sluggish earnings forecasts.

Refinitiv analysts said on Thursday that they expect quarterly earnings growth of 2.5% for S&P 500 companies, compared with the 0.4% decline they had predicted in mid-July. At the time negative second-quarter outlooks outnumbered positive ones by 3.8 to 1, while the average ratio for the prior four quarters was 1.9 to 1, according to Refinitiv data.

But the rosy outlook may be short-lived. After Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, four large retail trade groups warned that the action would hurt consumer purchases, raise prices further and limit hiring.

Even so, consumers would be unlikely to see higher prices when they start shopping for the holiday season, which begins in November, as a result of the new tariffs. Most retailers have already purchased their holiday-season merchandise, and the inventory for the most part has already arrived at U.S. ports and warehouses.

Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged at a 4.3% rate in the second quarter, the fastest since the fourth quarter of 2017. That followed a rather lackluster 1.1% growth rate in the first quarter, blamed on a 35-day partial shutdown of the government.

Quarterly results from companies catering to consumers showed shoppers flocking to high-end SUVs and ordering more fried chicken on mobile phones. Even products like face creams, potato chips and laundry detergent, which have become more expensive due to surging commodities costs, sold well.

Shares in Kellogg surged 12% on Thursday after the company’s quarterly results beat estimates on strong demand in North America for its increasingly pricy Pringles, frozen Eggo waffles and meatless Morningstar burgers. Kellogg CEO Steve Cahillane told that sales growth in North America was due to investments in marketing and new products such as Eggo French Toast.

Similarly, Procter & Gamble’s stock touched a record high on Tuesday after the company reported strong demand for skincare and detergent products in the second quarter even though it increased prices to offset surging raw material costs. P&G, whose brands include Olay and Tide, said the price hikes contributed 3 percentage points to a 7% jump in organic sales and said North America sales rose by the high-single digits.

The consumer goods industry has rushed to revamp products and roll out premium ones to justify higher prices and compete with cheaper, increasingly popular store-brand products from Walmart, Costco and Kroger.

Nestle, the world’s No. 1 consumer goods company whose brands include Nescafe coffee pods and Lean Cuisine, also raised prices during the quarter. In July, confectionary company Hershey said it would hike wholesale prices by 10% on its single-serve products, which account for about a third of total sales. The Reese’s Pieces maker, which had already raised prices on other products this year, beat quarterly earnings forecasts when it reported last week, even though price hikes ate into volumes.

Consumers are also splurging on cars, even as prices have risen to near an all-time high, at $37,169 per vehicle according to Kelley Blue Book. General Motors shares hit a more than one-year high on Thursday as its redesigned Chevrolet Silverado and GMC Sierra pickup trucks helped boost second-quarter profits by $1 billion.

The Retail Industry Leaders Association (RILA), which counts Walmart, Target  and Home Depot  among its members, said the tariffs will raise prices for everyday items like clothing, toys, home goods and electronics.

“This new 10% tariff is a direct hit on consumer products and family budgets,” Hun Quach, RILA’s vice president of international trade, said in a statement.

After strike, Los Angeles teachers aim at California tax reform

LOS ANGELES ( ) – After settling a strike that galvanized support for long-neglected public schools in America’s second-largest school district, the Los Angeles teachers union is turning its sights on major new sources of sustained education funding.

The head of the United Teachers Los Angeles (UTLA) union, Alex Caputo-Pearl, says teachers will campaign for a 2020 California ballot initiative to roll back Proposition 13. The landmark 1978 ballot initiative, capping real estate levies, is widely credited with igniting a nationwide taxpayers revolt.

“We’ve all got a lot of work to do to make sure that that ballot initiative passes,” he said in public remarks this week, stressing the union’s determination to restore for public schools a vital revenue source that was stunted 40 years ago.

Under the 2020 ballot initiative dubbed “Schools and Communities First,” commercial and industrial property would once again be taxed by local governments according to market value. The limits on residential taxes under Prop 13 would be left intact, a system called “split roll.”

The initiative could raise $6 billion to $10 billion annually if passed by voters, a state analysis concluded.

The teachers union has already joined the initiative’s steering committee.

Moreover, the new teachers’ contract itself calls for Mayor Eric Garcetti, who mediated the strike talks, to endorse the measure and to work with both UTLA and the Los Angeles Unified School District in advocating for its passage.

BATTLE OVER ‘SACRED’ DOCTRINE

They face formidable opposition.

A coalition of business groups and anti-tax advocates has pledged to spend as much as $100 million to defeat the 2020 ballot measure, according to the California Business Roundtable, a non-partisan organization comprised of executives from major employers.

They argue tax burdens have climbed over the years and scaling back Prop 13 will undermine an already tough business climate in California, a state of 40 million people that ranks as the world’s fifth largest economy.

Prop 13 supporters accuse public employee unions of continuing to push for higher taxes to pay for runaway pension and healthcare costs that are diverting existing tax revenues away from classrooms and other priorities.

Business Roundtable President Rob Lapsley went so far as to say the teachers strike, framed as a struggle for the sake of students, was a calculated “strategy” to launch an attack on Prop 13 for the union’s benefit.

“It was only about teachers,” Lapsley told . “It was all to start a campaign for split roll. It is not about the kids.”

More than 30,000 Los Angeles teachers returned to the job on Wednesday from a strike spanning six school days. A new contract gave teachers an immediate pay raise of 6 percent, slightly less than the 6.5 percent they had sought. They also won reduced class sizes, the hiring of more support staff and other concessions from the school district.

California Governor Gavin Newsom, a Democrat who has cast himself as a practical progressive, said during his first budget presentation two weeks ago he wants to use the looming ballot fight to bring “the parties together to see if we can compromise on a more comprehensive tax package.”

Newsom acknowledged property taxes are a steadier source of revenue than income taxes, much of which consist of relatively volatile capital gains receipts.

He also noted Prop 13 remains a pillar of California’s fiscal policy, a long-popular statute that even his predecessor, four-term Democrat Jerry Brown, once called a “sacred doctrine.”

But the prospect $10 billion a year or more in new revenue is highly appealing to educators.

That sum equates to nearly $2,000 a year per student statewide – close to half of the current expenditure gap experts have identified for elementary and secondary public schools, said John Rogers, a graduate professor of education for the University of California at Los Angeles.

The teachers’ strike, he said, helped pave the way for a broader debate in Sacramento over taxes and education.

“They needed to set the agenda for the state, and that’s exactly what they did,” R上海夜网ogers said.