Provided By: Lindsey M. Piegza, Ph.D., Chief Economist
“Negotiations Needed; Filling the Board”
According to Premier Li Keqiang, we "must uphold multilateralism, the rules of free trade... If there are problems, negotiation is needed to solve them." He went on to indicate that his government wouldn't devalue its currency to boost exports. Keqiang’s comments came as officials indicated that China plans to cut the average tariff rates on imports from the majority of its trading partners, including the U.S. As the escalating trade war has begun to negatively impact China’s trade, officials have indicated action as soon as next month.
Stifel Financial Corp. is a diversified financial services holding company that conducts its business through several wholly owned subsidiaries. Its primary broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, is a full-service brokerage and investment banking firm established in 1890. Stifel Financial Corp. was formed as a holding company in July 1983 and is publicly traded on the New York Stock Exchange under the symbol "SF."