By WSJ Wed., Jan. 30, 2019 This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. The Federal Reserve isn't likely to raise interest rates today. How long until it does? Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments or suggestions by replying to this email. THANK YOU FOR CALLING. PLEASE HOLD. Fed officials say they're not in a hurry to raise interest rates—and they're not expected to on Wednesday. But just how patient will they be? Their statement and Chairman Jerome Powell's press conference could help clarify that. The WSJ's Nick Timiraos says officials may tweak their language to better reflect their wait-and-see approach. Other key issues: WHAT TO WATCH TODAY Article Continued Below Germany's consumer-price index for January is out at 8 a.m. ET. The ADP jobs report for January is expected to … [Read more...] about Real Time Economics: The Fed Defines ‘Patience,’ U.S.-China Trade Talks Begin
U s china trade talk
LONDON (Reuters) - Luxury stocks were a silver lining for European markets on Wednesday after strong results from LVMH reassured investors, while looming U.S.-China trade talks kept trading muted and some earnings disappointments weighed. Europe's STOXX 600 fell 0.2 percent in early deals, with Germany's trade-sensitive DAX down 0.4 percent and France's CAC 40 up 0.3 percent. Britain's FTSE 100 jumped 0.9 percent thanks to a weaker pound boosting London-listed multinational exporters. LVMH shares jumped 6.5 percent after upbeat results from the luxury conglomerate, which said it is "cautiously" confident as fourth-quarter sales held up despite fears of a China slowdown. Hermes, Richemont, Gucci owner Kering, Moncler and Burberry were among the top boosts to the STOXX 600, rising 1.8 to 3.8 percent. Even Italy's Salvatore Ferragamo, which reported a drop in sales, climbed 2.7 percent as the LVMH beat lifted the luxury sector. Industrial conglomerate Siemens fell 1.2 percent after … [Read more...] about Luxury stocks sparkle in tepid European trading as U.S.-China trade talks loom
WASHINGTON (Reuters) - U.S.-China trade talks will reach a pivotal phase this week when Chinese Vice Premier Liu He comes to Washington for negotiations with his U.S. counterparts, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin. FILE PHOTO: Containers and trucks are seen at a terminal of the Qingdao port in Shandong province, China November 8, 2018. REUTERS/Stringer The two sides are trying to resolve deep differences over China’s trade and intellectual property practices, industrial subsidies and market access to avert an increase in U.S. tariffs on Chinese goods scheduled for March 2. Here is a look at the key issues in the talks and their implications: WHAT ARE WASHINGTON AND BEIJING FIGHTING ABOUT? After years of steadily rising U.S. trade deficits with China and U.S. complaints that Beijing has systematically obtained American intellectual property and trade secrets through coercion and outright theft, the Trump … [Read more...] about Explainer: Key Issues, implications of U.S.-China trade talks
TOKYO (Reuters) - Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank can be patient on raising interest rates further. FILE PHOTO: Attendees take pictures of a stock quotation board after a ceremony marking the end of trading in 2018 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 28, 2018. REUTERS/Kim Kyung-Hoon But the rally’s momentum slowed partly as investors sought more clarity on whether the United States and China could make headway on their talks on trade as well as intellectual property (IP) rights. U.S. President Donald Trump had earlier on Thursday said that Washington was having “tremendous success” in its trade negotiations with China. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged 0.2 percent higher, while Japan's benchmark Nikkei .N225 advanced 1.1 percent in early trade. Wall Street extended its rally into a fifth … [Read more...] about Asia stocks at one-month high, focus stays on U.S.-China trade talks
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | U.S.-China Trade Talks End. Now High-Level Talks Can Begin. Supported by ByKeith Bradsher Jan. 9, 2019 BEIJING — Three days of trade negotiations between midlevel American and Chinese officials ended in Beijing on Wednesday afternoon with progress in identifying and narrowing the two sides’ differences but little sense of when they might reach a deal. The trade talks could help clear the way for higher-level talks later this month, when President Trump attends the World Economic Forum in Davos, Switzerland. Vice Premier Liu He, China’s economic czar, is expected to come to Washington sometime after that. A United States government official confirmed that the talks had ended but declined to elaborate. Chinese officials had no immediate comment, but the Commerce Ministry is expected to … [Read more...] about U.S.-China Trade Talks End. Now High-Level Talks Can Begin.