"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them find alternatives to their Chinese operations.Marketsread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
* Deutsche Bank gains on report it plans to set up a "bad bank"
* Lufthansa plunges after profit warning, weighs on airlines
* Investors await upcoming FOMC meeting on Wed (Adds comment, updates prices)
June 17 (Reuters) - European stock markets opened flat to marginally higher on Monday as a Deutsche Bank and HSBC-led rise in banking shares offset a fall in airlines following a profit warning from Germany's Lufthansa.
Deutsche, which has been cutting back and reorganising for months, gained 3% after the Financial Times reported that the German lender is planning to create a "bad bank" that would house or sell assets valued at up to 50 billion euros.
Asia-focused Standard Chartered and HSBC also rose about 1%, tracking a rise in Asian markets after Hong Kong's leader Carrie Lam climbed down on the extradition bill at the centre of a week of protests in the city.
The pan-European STOXX 600 index rose 0.04% by 0800 GMT, with the travel and leisure sector underperforming the other major European sectors.
Lufthansa plunged 12.3%, and was the biggest percentage faller on the STOXX 600, after the group lowered its profit outlook for the full year 2019, citing price competition from low cost rivals in Europe.
"Lufthansa signaling a weak outlook is hitting all these bigger carriers and that's definitely one negative element this morning," said Chris Beauchamp, chief market analyst at IG.
International Consolidated Airlines (IAG) fell 3.2%, while budget airlines EasyJet and Ryanair Holdings slipped at least 4%.
Banking stocks rose 1% ahead of a pivotal Federal Reserve policy meeting starting Wednesday where investors on balance think an interest rate cut is unlikely while backing a shift towards one in July.
"Overall there is positivity in markets that we might see a bit more dovish Fed this week. Though we probably will not see any action from the Fed, the commentary could be more dovish," Beauchamp said.
A swing in money market pricing towards up to three rate cuts by the Fed this year have been at the heart of a recovery for stock markets this month after their worst falls in months in May.
The rally has run out of steam in the past week, however, as traders trimmed those expectations from their peaks, and the strength of the dollar against the euro in recent days may offer a fillip to many European companies.
Corporate newsflow continues to show a plethora of business problems, ranging from Brexit and nervousness among consumers to Italy's budget problems and the range of pressures on many airlines.
UK-based Kier Group Plc tumbled 11.4% after the construction and services group said it would cut 1,200 jobs, sell non-core businesses and suspend its dividend for two years in an attempt to lower debt.
Babcock International Group Plc gained 4.6% after the engineering services group confirmed it had rejected a buyout offer from rival Serco Group in January. (Reporting by Amy Caren Daniel in Bengaluru; editing by Patrick Graham)