Markets buoyed by optimism over US-China trade talks
Markets buoyed by optimism over US-China trade talks
What hope for markets in the US-China trade talks?
10 January, 2019, 20:30
A statement released by China's Commerce Ministry on Thursday morning said both sides carried out "wide, deep and thorough exchanges" on trade and structural issues of mutual concern.
The talks "improved mutual understanding and laid a foundation for resolving issues of mutual concern", the ministry said.
Uncertainty over the outcome of China-U.S. trade talks cast a pall Thursday over Asian markets as both sides kept mum about what lies ahead. It is the first time that officials have met for face-to-face talks since President Trump and President Xi agreed a 90-day ceasefire in December.
Beijing has tried to defuse pressure for more sweeping change by offering concessions including purchasing more American soybeans, natural gas and other exports.
USA and Chinese officials extended trade war talks into a third day on Wednesday, with a member of the American delegation saying negotiations "went just fine".
U.S. Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney, center, who is part of U.S. trade delegation leaves from a hotel for a second day of meetings with Chinese officials in Beijing, China, Tuesday, Jan. 8, 2019. "Without some progress already made, there would not be an extension to the negotiations", he told NPR.
China and the US will move ahead with trade talks as scheduled, Ministry of Commerce Spokesman Gao Feng told reporters in Beijing at a regular weekly briefing Thursday, without giving any further details over when they would take place.
The office of U.S. Trade Representative Robert Lighthizer said it wants any deal to include "ongoing verification and effective enforcement" and the U.S. will decide on next steps after officials report back to Washington.
Additionally, the US and China will meet for a third day on Wednesday. Liu made a brief appearance at the talks in Beijing on Monday, boosting optimism that China was serious about making progress. Lu said he had no details and an official statement would be issued later. The S&P 500 Index has fallen about 7 percent since Trump and Xi agreed on a 90-day truce at their meeting in Argentina last month.
Without a resolution, punitive United States duty rates on $200 billion in Chinese goods are due to rise to 25 percent from 10 percent on March 2.
"The earlier escalation of the trade conflict between the US and China and souring bilateral relations appear to have given way to a more conciliatory approach since early December", he wrote in a note Thursday.
"The U.S. feels uncomfortable with China's rapid development, and can't adapt to its own declining influence", wrote Chen Yonglong in the state-run China Daily". "Instead of making honest efforts to solve its domestic problems, it resorts to unilateralism and protectionism, breaks the rules-based worldwide order, coercing allies to accept unfair treaties, triggering trade frictions with China, and blocking technology transfer while trying to contain China's rise".
On Friday, he told talk show host Ellen DeGeneres he was "evaluating" whether he should reverse his decision. So he dropped out, leaving the Academy without a host less than three months before the big ceremony.
The company will introduce in over 10 new products, including an array of products from the performance brand AMG, this year. After countless spy photos and a myriad of teasers, the all-new Mercedes-Benz CLA has officially been revealed to the world.
Laurie Cardoza-Moore, resident of Proclaiming Justice to the Nations, finds the lack of support for Rubio's bill outrageous. Read the full story at Fox News . "I fail to see why this legislation is a priority during the government shutdown ".
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Australian police are investigating suspicious packages found at foreign consulates and embassies in Melbourne and Canberra . Victoria police said they believed the incidents were targeted and did not impact the general community.
The organizations that partner with IBM will get access to its quantum software and cloud-based quantum computing systems. IBM clearly thinks of the Q system as a piece of art and, indeed, the final result is quite stunning.
Three-time Grand Slam champion Murray missed most of last season after hip surgery and has tumbled down the rankings to 230th. Opens in 2016 and added the Wimbledon title a year ago , is in the same half as Wozniacki and has 2017 U.S.
Jeff and MacKenzie first met when he was the VP of a hedge fund in NYC, in the least romantic (or most ) romantic of settings. His net worth is through the roof, he's getting divorced from his wife MacKenzie Bezos, and he owns a lot of big-ticket items.
Chase will produce " The Many Saints of Newark " and has written the script with " The Sopranos " writer Lawrence Konner. The Many Saints of Newark is set to begin production this year, with casting now underway.
During the action-packed morning, Meghan, 37, met with staff members, and heard all about the work that the organisation does. Mayhew is an animal welfare charity which helps cats and dogs through community initiatives and veterinary care.
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Police seek staff DNA over vegetative woman's baby
The department of health ordered Hacienda to implement "heightened safety measures", spokeswoman Melissa Blasius-Nuanez said. He didn't release the conditions of the woman and her child, who will be taken in by his mother's family.
Second man charged with capital murder of Jazmine Barnes, 7
O'Neal and a Houston police officer, Kenneth Miles , brought a cashier's check to the family last week to pay for the funeral. A GoFundMe account set up to help cover funeral costs has raised more than $81,900 from almost 3,000 donors.
Iran confirms arrest of American citizen Michael White
She filed a missing-person report and had been communicating with the State Department and Department of Homeland Security. According to his family, White had traveled to Iran three times to visit an Iranian woman believed to be his girlfriend.
Pacquiao, Mayweather meet in NBA's Filipino Heritage Night
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Gold prices fall marginally today in futures trade
Analysts expect further monetary stimulus from Beijing in 2019. "This is just the re-pricing of USA rate hikes going forward". Rising oil prices on Monday also uplift some commodity-related currencies, as both USA crude and Brent crude extended gains.
Kyler Murray Expected to Enter NFL Draft
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