Forex – U.S. Dollar Slips as Euro Still Lifted by Brexit Deal

© Reuters.  © Reuters.

Investing.com – The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc.

U.K. Prime Minister Boris Johnson made a deal with the EU on Thursday, which hinges on Northern Ireland applying a limited set of EU rules on some goods, with the U.K. only charging EU tariffs on goods passing through to EU markets.

The deal now must be passed by the British Parliament on Saturday. However, Northern Ireland’s Democratic Unionist Party said it is opposed to the proposed agreement, making it uncertain if the deal will be approved.

inched up 0.1% to 1.2897 as of 10:56 AM ET (14:56 GMT) while was up 0.2% to 1.1139.

Meanwhile the U.S. dollar dipped, as traders remained cautious after data showed the impact of the trade war has taken its toll on China.

China’s gross domestic product grew 6% annually in the third quarter, which was the slowest rate in 30 years. The news comes on the back of China trying to get more concessions from the U.S. before it signs a temporary phase 1 deal agreed on last week.

The , which measures the greenback’s strength against a basket of six major currencies, was down 0.2% to 97.172.

Elsewhere, the surged 1.4% to 0.1728 against the dollar after a five-day ceasefire against the Kurds in Syria was agreed on between President Recep Tayyip Erdogan and U.S. Vice President Mike Pence. However, reports have surfaced that the ceasefire may have already been broken.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Turkish Markets Rally as Erdogan Clinches Syria Deal With U.S.

© Reuters.  Turkish Markets Rally as Erdogan Clinches Syria Deal With U.S. © Reuters. Turkish Markets Rally as Erdogan Clinches Syria Deal With U.S.

(Bloomberg) — The jumped to its strongest level in almost two weeks while bonds and stocks rallied after the U.S. agreed not to impose any further sanctions on Turkey as part of a temporary cease-fire deal in Syria struck between Ankara and Washington on Thursday.

The currency gained as much as 1.3% to 5.7585 per dollar, erasing losses that were fueled in recent days by concern Washington would impose punitive measures against the Turkish economy in response to the offensive against Kurdish rebels in Syria.

The benchmark stock gauge jumped almost 4% at the open, its biggest advance since June. The yield on five-year benchmark bonds dropped more than 160 basis points, falling below 15% for the first time in a week.

“The truce deal, even a temporary one, fueled optimism among investors that the risk of sanctions has diminished significantly,” said Can Oksun, senior manager of institutional sales at Global Securities in Istanbul. “The mood is broadly more positive.”

The agreement enshrines Turkish control of a 20-mile deep “safe zone” in northern Syria, representing a victory for President Recep Tayyip Erdogan, who had been seeking one for years. The U.S. has also promised to withdraw sanctions announced earlier this week once a permanent cease-fire takes effect.

‘Brutal’ House Bill

Still, risks remain. Republican and Democratic lawmakers have vowed to move ahead with sanctions despite Thursday’s announcement. The measures would penalize Turkish leaders, financial institutions and its energy sector, as well as prohibit any U.S. firms or individuals from buying the country’s sovereign debt.

“If this bill holds as is and is passed it would be brutal,” said Timothy Ash, a strategist at BlueBay Asset Management in London. “Sanctioning sovereign debt would be lights out for Turkey, given it has $ 180 billion in short-term external debt to finance every year.”

While there is strong bipartisan opposition to Turkey’s incursion into northern Syria, Senate leaders haven’t committed to bringing a sanctions bill to a vote.

The lira was trading 0.9% stronger at 5.7803 per dollar as of 10:53 a.m. in Istanbul. The Borsa Istanbul 100 Index trimmed its advance to 3.5%, with gains being led by Turkiye Garanti Bankasi AS and Akbank TAS, the nation’s largest listed lenders.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Your Money: U.S. teachers take hands-on approach to financial literacy

© Reuters. FILE PHOTO: Wood-cased coloured pencils are pictured in a shop at Faber-Castell manufacturer in Stein © Reuters. FILE PHOTO: Wood-cased coloured pencils are pictured in a shop at Faber-Castell manufacturer in Stein

By Chris Taylor

NEW YORK (Reuters) – There are a lot of hard truths about money, but here is one of the hardest: We are really bad at passing along money smarts.

As it stands, only 57% of American adults can be considered financially literate, according to a global survey by Standard & Poor’s.

A new initiation from education fundraising website DonorsChoose.org and the Charles Schwab (NYSE:) Foundation is aiming to change that with a new hands-on approach. Rather than kids reading about starting a business, why not actually open a school store? Rather than reading about concepts like supply and demand, why not start making T-shirts, and see if they can sell them?

The “Innovation Challenge” prompts teachers to craft creative FinLit projects, helps them get funded, and then monitors which ones pay off.

“Experiential learning is so important, especially for lower-income families,” said Casey Cortese, managing director of Schwab’s community services, which is taking a new hands-on approach to teaching financial literacy. “If you make lessons tangible and real, it really cements learning.”

This year’s overall winner of an online fan vote: Students of Rapunzel Galang in Lanham, Maryland, undertook virtual-reality field trips to different historical landmarks through time. They did that using VR headsets – but first they had to plan, budget, and pay for such trips, by researching about the places they wanted to visit.

Another innovative project: Xavier Lewis in Dayton, Texas, combined financial literacy with a “Mission to Mars” STEM project. Students earned money in their virtual bank accounts with attendance, class participation, and completing assignments. They could then spend that money to buy supplies to assemble rockets, rovers and hovercrafts for a simulated flight to Mars.

Other projects included creating a virtual-reality bank, filming a how-to video series on personal finance, using dinosaurs to pass along money lessons, and teaching the idea of “wants versus needs” via dramatic play.

KEEP IT GOING

While 92% of teachers say financial education is important, only 12% actually undertake it – because they just don’t have the resources, said Cortese.

To combat that with the Innovation Challenge, 15 of the top projects were developed into full lesson plans. Teachers across the country could then download them for free and use them in their own classes. The first 200 teachers who did so, and submitted a report on how it went, got a $ 250 credit to apply to future projects on the site.

The initiative has encouraged educators to think bigger and more creatively than just using a crowdfunding site like DonorsChoose to cover things like basic supplies. Since the Innovation Challenge first got started, “There has been a 66% increase in FinLit projects posted,” said Rianne Roberts, partnerships manager for the fundraising site.

Financial literacy is a long game, though. You can teach a third grader about money smarts today, but you will not know for years whether those habits have actually taken root.

When the Schwab Foundation first started partnering with the site in 2017, 350 teachers participated in its financial literacy campaigns, reaching 36,000 students. In 2019, in comparison, they have already reached 1,600 teachers and 250,000 students.

So far this year, Schwab donated $ 375,000 to the Innovation Challenge, and $ 500,000 total to DonorsChoose. Of those teachers who used the resulting materials, 98% said they plan to keep teaching financial literacy in schools.

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U.S. Poised to Sanction Turkey as Syria Incursion Escalates

(Bloomberg) — The U.S. is poised to impose sanctions on Turkey as soon as Monday in response to the nation’s advance into Syria, according to people familiar with the matter, days after President Donald Trump cleared the way for Turkey to launch its offensive by pulling American forces from the area.

The initial round of penalties would most likely be aimed at a wide range of individuals and was prepared for Trump’s approval, according to one of the people. The departments of State, Defense and Treasury worked over the weekend to draft the terms, the people said.

The Trump administration is leaving open the option of penalties aimed at military transactions, arms exports and energy shipments to the Turkish military, two people said. All of the people spoke on condition of anonymity due to the sensitivity of the matter.

The move is an effort to contain the damage from Trump’s decision to stand aside if Turkey entered northern Syria, essentially giving Turkish President Recep Tayyip Erdogan a green light to carry out the operation. Erdogan says the offensive is necessary to push back Kurdish militants and resettle refugees, but the rapid advance into Syria has drawn international condemnation and accusations of war crimes.

Trump’s decision exposed American-allied Kurdish militias to attack, risking a resurgence of the Islamic State and a slaughter of the Kurds. Kurdish forces that previously fought alongside the U.S. have warned they may no longer be able to secure camps and prisons holding Islamic State jihadists, including Europeans whose home countries don’t want them back.

Lira Falls

The Turkish lira lost as much as 0.94% to session low 5.9384 per dollar shortly after news of U.S. sanctions. The currency later pared its drop, declining 0.82% to 5.9317 per dollar at 12:38 p.m. New York time. Month-to-date, the lira has sunk more than 4.7%, the worst performer among 24 emerging-market currencies tracked by Bloomberg.

Treasury Secretary Steven Mnuchin said Friday that the administration was also weighing sanctions against Turkish financial institutions, a move that would hit its economy hard because they are heavily reliant on the dollar. Yet since Mnuchin’s remarks, critics have warned that any new measures from the U.S. would have limited effect because telegraphing sanctions would encourage asset flight.

”The time lag allows adversaries and targets to set the conditions on the ground,” said Eric Lorber, a former sanctions adviser in Mnuchin’s Treasury department. “This means that sanctions on Turkey face significant obstacles to success, namely that Turkey may be able establish advantageous facts on the ground before sanctions have a chance to seriously bite.”

Treasury and the White House declined to comment.

Trump has defended his decision to withdraw troops, tweeting on Monday that the U.S. was “not going into another war with people who have been fighting with each other for 200 years.” He also suggested the Kurds may be releasing prisoners “to get us involved.”

But Trump’s decision was met with fierce criticism from allies in Washington, including Senator Lindsey Graham. The South Carolina Republican has been working on legislation to sanction Turkey for the invasion and said Sunday that he spoke with Trump about it over the weekend.

House Speaker Nancy Pelosi is among lawmakers concerned that Trump will not impose strong enough sanctions.

“As we find ourselves in a situation where the President gave a green light to the Turks to bomb and effectively unleashed ISIS, we must have a stronger sanctions package than what the White House is suggesting,” Pelosi tweeted Monday.

Execution of Kurds

Asked on CBS’s “Face the Nation” about videos circulating that appear to show the execution of some Kurds, Secretary of Defense Mark Esper said if true, they “would be war crimes” — raising questions about whether talk of imposing economic sanctions may be coming too late.

Esper said the U.S. learned in the past 24 hours that Turkey is likely to attack further south and to the west in Syria, and that Kurdish forces are looking to cut a deal with Syria and Russia to counterattack against the Turks in the north.

The defense secretary said he spoke with Trump on Saturday night, and that after discussions with the national security team, the president directed the start of the withdrawal of forces from northern Syria but not the entire country. Trump and Esper are scheduled to meet again on Tuesday.

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Turkish blast lands close to U.S. outpost in Syria

Turkish artillery fire accidentally came close to hitting a U.S. outpost in northern Syria on Friday, CBS News confirms. The Turkish military has been launching artillery and air strikes into Syria but not yet crossed the border in strength.

Three artillery shells landed within a couple of hundred yards from soldiers manning an observation post near the main U.S. base inside Syria, U.S. officials told CBS News. 

No one was hurt, but it was exactly the kind of incident Defense Secretary Mark Esper and Joint Chiefs Chairman Mark Milley had warned the Turks about — even to the point of giving them the exact locations of American troops.

“The Turkish military is fully aware, down to explicit grid coordinate details of the location of U.S. forces and we have been in coordination with them,” Milley said, “to make sure that they know exactly where American forces are and everyone has been told.

Civilians frantically flee Turkish bombings in Syria

The Turkish Defense Ministry said the artillery fire was not aimed at the Americans but at nearby Kurdish fighters.

“Earlier today, Turkish border outposts south of Suruç came under Dochka and mortar fire from the hills located approximately 1,000 meters southwest of a U.S. observation post. In self-defense, reciprocal fire was opened on the terrorist positions of the attack. Turkey did not open fire at the U.S. observation post in any way. All precautions were taken prior to opening fire in order to prevent any harm to the U.S. base,” the ministry said. 

Later on Friday, the director of the Defense Department’s Press Operations issued a statement opposing Turkey’s actions.

“The United States remains opposed to the Turkish military move into Syria and especially objects to Turkish operations outside the Security Mechanism zone and in areas where the Turks know U.S. forces are present,” Navy Captain Brook DeWalt said. “The U.S. demands that Turkey avoid actions that could result in immediate defensive action.”

The longer the fighting goes on, the greater the chances for more accidents. Esper said today he’s seen no sign the Turks are heeding his repeated pleas to call off the invasion.

© 2019 CBS Interactive Inc. All Rights Reserved.

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Actor Cuba Gooding Jr. to face new U.S. charges in groping case

© Reuters. Actor Cuba Gooding Jr. appears in New York State Criminal Court in the Manhattan borough of New York © Reuters. Actor Cuba Gooding Jr. appears in New York State Criminal Court in the Manhattan borough of New York

By Brendan Pierson

NEW YORK (Reuters) – Actor Cuba Gooding Jr.’s trial on charges of groping a woman at a Manhattan bar was postponed Thursday as prosecutors revealed they had brought new charges against him in connection with another incident.

Gooding is expected to appear in Manhattan Supreme Court on Tuesday to enter a plea to the new charges, which are not yet public, according to the office of Manhattan District Attorney Cyrus Vance.

Gooding won a supporting actor Oscar in 1997 for “Jerry Maguire” and is known for his roles in films including “A Few Good Men” and “The Butler” and the television miniseries “The People v. O.J. Simpson.”

He had been scheduled to go to trial on the original charges Thursday, but the additional charges mean the trial will be delayed. A new date has not yet been set.

Gooding’s lawyer, Mark Heller, said video from the bar where his client was accused of groping the woman “clearly shows that there was no groping or crime.”

“Clearly the prosecutor was not prepared to proceed to trial in this case,” he said.

Heller said he did not have any details about the new charges.

“I doubt it’s anything that’s credible,” he said.

Gooding, 51, was charged with one misdemeanor count of forcible touching in June after an unidentified woman said the actor had touched her breasts in a bar. He has denied the allegation.

Gooding, who is divorced, is one of dozens of men in politics, entertainment, sports and the business world who have been accused of sexual misconduct since allegations against movie producer Harvey Weinstein triggered the #MeToo movement.

Weinstein is to stand trial in New York later this year on charges of rape and assault involving two women. He has denied any non-consensual sex.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex – U.S. Dollar Weak As China Signals Openness to Trade Deal  

© Reuters.  © Reuters.

Investing.com – The U.S. dollar was weak despite reports that China is open to a partial trade deal despite the U.S. blacklisting Chinese firms earlier in the week, as traders await the Federal Reserve latest meeting minutes for clues on the direction of interest rates.

The , which measures the greenback’s strength against a basket of six major currencies, was down 0.1% to 98.762 as of 11:03 AM ET (15:03 GMT). Investors were also waiting for the minutes from the Federal Reserve’s latest policy meeting at 2:00 PM ET (18:00 GMT) for clues on whether or not the central bank will cut rates.

China is willing to accept a trade deal, Bloomberg reported, and has even offered to increase how many soybeans it buys from American farmers as a measure of goodwill before trade talks. Chinese Vice Premier Liu He is due to arrive this week in Washington for trade talks and is expected to meet U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday.

The Japanese yen, which is seen as a safe haven in times of market turmoil, fell, with rising 0.3% to 107.36.

Elsewhere, was flat at 1.2212 while gained 0.2% to 0.0977 as it appeared that Brexit talks between the EU and U.K. had stopped just a few weeks before the two were set to split. The two sides have struggled to reach an agreement over the Irish backstop, with the EU insisting that there is a way for controls to flow across the Irish border without additional checks and that Northern Ireland remain in the customs union until an alternative solution is found.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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U.S. businesswoman Arcuri refuses to answer questions about intimacy with Boris Johnson

© Reuters. FILE PHOTO: British Prime Minister Boris Johnson leaves Downing Street in London © Reuters. FILE PHOTO: British Prime Minister Boris Johnson leaves Downing Street in London

By Guy Faulconbridge

LONDON (Reuters) – U.S. businesswoman Jennifer Arcuri repeatedly refused to answer questions on Monday about whether she had an intimate relationship with British Prime Minister Boris Johnson when he was mayor of London.

The Sunday Times has reported that when Johnson was mayor he failed to declare close personal links to Arcuri, who received thousands of pounds in public business funding and places on official trade trips.

Speaking to ITV (LON:), Arcuri said she had bonded with Johnson, who was mayor of the British capital from 2008-2016, over classical literature, that they discussed French philosopher Voltaire and shared a love of William Shakespeare.

But asked repeatedly whether she had an affair with Johnson or intimate relations with him, she either sidestepped the question or openly refused to answer.

“I really am not going to answer that question,” Arcuri told ITV. “It’s really categorically no one’s business what private life we had or didn’t have.

“And categorically more important, Boris never ever gave me favoritism, never once did I ask him for a favor, never once did he write a letter of recommendation for me.”

Asked about the allegations, Johnson has said everything was done with full propriety and that there was no interest to declare. When asked for comment on Monday, he said: “I have really said everything I want to say about that.”

The Greater London Authority (GLA) said last month it had referred Johnson to Britain’s police watchdog for potential investigation over allegations of misconduct involving Arcuri.

The GLA said the allegations were that Johnson had a friendship with Arcuri and as a result of that friendship allowed her to participate in trade missions and receive sponsorship.

The crime of misconduct in public office carries a maximum sentence of life imprisonment.

The second most powerful man in the opposition Labour Party, John McDonnell, said Johnson had a duty to declare his friendship with Arcuri.

“Regardless of the exact nature of his relationship with Arcuri, it is clear that she and Boris Johnson were close,” McDonnell said. “The prime minister is unfit for office.”

Arcuri told ITV that after they first bonded over literature and discussed venture capital for the technology sector, she and Johnson began sending text messages and then he would visit her office at her apartment in London, sometimes on his way home.

In her phone, she entered Johnson — whose first name is Alexander — as “Alex the Great”.

“There was plenty of office space for him to come visit,” Arcuri said. He visited around five or perhaps 10 times, she said. “I didn’t think it was awkward at all.”

She quipped that she once offered Johnson the chance to have a go on her dancing pole but he refused.

“He sat down with his tea and started muttering,” she said.

When asked again about the nature of their relationship she said: “Because the press have made me this objectified ex-model pole dancer model, I really am not going to answer that question.”

Asked if she loved him, she said: “I care about him deeply as a friend and do we share a very close bond. But I wish him well, I want him to be happy.”

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Riding the rails: How the U.S. lags far behind Japan

This morning we’re introducing a special four-part series of reports called “World of Motion.” A team of CBS News correspondents traveled around the world to Japan, Greece, Southern Africa and Scotland to discover how and why people are on the move.


The daily commute can be a chore no matter where you live, but some definitely have it better than others. In a friendly competition of traveling by train, correspondent Ramy Inocencio rode the rails in Japan, while “CBS This Morning” co-host Michelle Miller boarded trains here in the U.S., to see how American ingenuity stacks up to Japanese efficiency.

New York: Rush hour in New York City is a daily challenge for its commuters who, like most Americans, tend to rely on cars as their main source of transportation – this despite the city having the country’s largest subway system, spanning more than 665 miles and carrying over 5.6 million passengers per year.

Tokyo: The city’s population is 14 million, and a third of them take to the rails each day. And here’s something that might be surprising to Americans: people politely line up here for trains that arrive on time, nearly every time.

New York: At Times Square Station, New York’s busiest, people might be surprised to know there’s a schedule at all. As for lining up? Fuggedaboutit!

Tokyo: Here, stations aren’t just places to catch a train; they’re also destinations to get a gourmet meal.

New York: The dining choices underground in NYC aren’t as good, but you are never too far from a slice of pizza (as the infamous Pizza Rat can attest to).

Tokyo: It’s rare to see a rodent here, but it definitely is a rat race. Guinness World Records says Tokyo’s Shinjuku Station is the busiest in the world – and it’s clean!

New York: Sure, these trains and stations could use a bit more attention, but despite all of that and the delays, this subway runs 24 hours a day.

Tokyo: Subway service in Tokyo ends at around midnight, and restarts around 5 a.m. That lets crews tend to station maintenance. 

New York: No matter what time you ride or how far the trip, the fare in New York is the same: $ 2.75.

Tokyo: Prices here vary depending on how far you go. But it’s time, not cost, that matters most to rail passengers in Japan. The bullet train (the Shinkansen) is still the world’s most reliable form of public transportation. Inocencio boarded the train for a trip to Kyoto, 319 miles away.

New York: Miller boarded Amtrak’s high-speed rail, the Acela, from New York to Washington, D.C., which is about 225 miles. (That gives her a nearly 100-mile head start!)

trains-us-amtrak-acela-vs-japanese-shinkansen.jpg
Amtrak’s high-speed Acela, and the Japanese bullet train, the Shinkensen. CBS News

Tokyo: The Shinkansen is the world’s most reliable high-speed train service, and is super-fast, with an average speed of 177 miles per hour on this line.

New York: The Acela only averages about 82 miles per hour. Part of the reason for that is it shares its tracks with both local lines and freight trains. 

Tokyo: Inocencio made it to Kyoto right on time, the trip taking two hours and eighteen minutes.

New York: Miller, meanwhile, will arrive in D.C. about 40 minutes later, if they stay on schedule. (Amtrak doesn’t twenty percent of the time). Amtrak is promising some upgrades that should shave 15 minutes off of the commute by 2021.

To recap, Inocencio rode a train about 100 miles farther and completed that trip roughly 40 minutes sooner.  So, when it comes to traveling by train, Americans are far behind our friends in Japan.

© 2019 CBS Interactive Inc. All Rights Reserved.

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Investors retreat from U.S. stock funds amid impeachment inquiry

By David Randall

NEW YORK (Reuters) – Investors pulled nearly $ 14 billion out of mutual fund and exchange-traded funds that hold U.S. stocks last week, ending what had been the largest surge into domestic stock funds since December 2016, according to data released Wednesday by the Investment Company Institute.

The retreat from U.S. stocks came during a week in which Democratic lawmakers moved to launch formal impeachment proceedings that could end with a vote to remove President Donald Trump from office and the White House released a summary of a telephone call between Trump and Ukraine’s president that is at the center of the inquiry.

Last week’s losses sent the year to date outflows from U.S. stock funds to $ 91.1 billion as investors have shied away from domestic stocks despite a more than 15% rally in the benchmark S&P 500 index.

Investors continued to seek the perceived safety of bonds by sending slightly more than $ 6.9 billion into taxable and municipal debt funds. For the year-to-date, the category has garnered more than $ 319 billion in new inflows.

World stock funds, meanwhile, posted a three-week losing streak by dropping another $ 1.8 billion in outflows. That sent the year to date loss for the category to $ 37.9 billion.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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