US futures are pointing down after pessimism about the the trade war hit Asian shares Friday and weak retail sales figures in the US. Weak inflation data out of China initially hurt European markets before shares rebounded. The South China Morning Post reported that both sides on the negotiations “remain far apart on key issues” on trade. US stocks are set to decline on Friday, following Asian markets lower on reignited pessimism about US-China trade talks, where there’s reports of tensions as leaders from both nations meet in Beijing this week. Then there’s jitters about the US economy after retail sales dropped the most in a decade, and the China economy after China’s producer price index rose at the weakest pace since 2016. And a new dispute looms over US President Donald Trump’s decision to declare a national emergency to get federal money for a border wall. High-level officials from the US and China officially kicked off two days of … [Read more...] about US stocks set to follow Asia markets lower after report that US-China trade talks are ‘like pulling teeth’
Us china trade talk 90 days
PSEi grows on renewed US-China trade talk hopesTHE stock market recovered on Thursday as investors belatedly welcomed renewed hopes over the outcome of high-level US-China trade talks. The benchmark Philippine Stock Exchange index (PSEi) rose by 0.90 percent or 71.01 points to close at 7,991.25. The wider All Shares grew 0.82 percent or 39.65 points to finish at 4,851.64. Regina Capital Development Corp. head of sales Luis Limlingan said market players reacted positively to reports that US President Donald Trump was considering a 60-day extension beyond a March 1 deadline to reach a deal. Wall Street gained overnight on the optimism but with a wide gulf still remaining between the two sides, stock markets elsewhere in Asia responded with caution. Tokyo dipped 0.02 percent, Shanghai dropped 0.05 percent and Hong Kong declined 0.33 percent, Jakarta, Singapore and Bangkok also slipped, by 0.06 percent, 0.02 percent and 0.11 percent, respectively. Only Seoul increased 1.11 percent.In … [Read more...] about PSEi grows on renewed US-China trade talk hopes
Jan 25, 11:41 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Kalyan Kumar 01/25/19 AT 11:27 AM The proposed U.S.-China trade talks on Jan. 30-31 have aroused global interest. In the talks, trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will lead the U.S side.China’s Vice Premier Liu He will lead the Chinese side and will be assisted by Vice Commerce Minister Wang Shouwen, Vice Finance Minister Liao Min and central bank governor Yi Gang.The U.S. has attached great importance to the talks though the chances of a breakthrough remain uncertain.There is only about five weeks to go for the U.S. deadline to impose additional tariffs on $200 billion of Chinese goods. Both Washington and Beijing are locked in a fierce trade dispute since last year. President Donald Trump wants Beijing to cut down the trade deficit, which zoomed to an all-time high in 2018, compared to the … [Read more...] about US-China Trade Talks: Will There Be A Breakthrough?
TOKYO (Reuters) - Asian shares took a breather on Thursday after an extended rally, as markets awaited more news on U.S.-China trade talks that have raised hopes of a deal to avert an all-out trade war between the economic giants. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan's stock market, in Tokyo, Japan, January 4, 2019. REUTERS/Kim Kyung-Hoon MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.2 percent, reversing course after briefly touching a near four-week high early in the session. Australian shares eased 0.3 percent, while Japan’s Nikkei was down 1.4 percent by the midday break. Hong Kong’s Hang Seng was off nearly half a percent, while China’s blue-chip CSI 300 lost 0.1 percent. Wall Street’s S&P 500 rose 0.41 percent on Wednesday, extending its … [Read more...] about Asia shares check rally as US-China trade talks, Fed policy in focus
Joe Mcdonald, Ap Business Writer Updated 9:05 am CST, Wednesday, January 9, 2019 A Chinese paramilitary policeman stands guard at the main entrance gate of the Ministry of Commerce in Beijing, Wednesday, Jan. 9, 2019. U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were "going very well!" less A Chinese paramilitary policeman stands guard at the main entrance gate of the Ministry of Commerce in Beijing, Wednesday, Jan. 9, 2019. U.S. and Chinese envoys extended trade talks into a third day Wednesday ... more Photo: Oliver Zhang, AP Photo: Oliver Zhang, AP Image 1 of / 5 Caption Close Image 1 of 5 A Chinese paramilitary policeman stands guard at the main entrance gate of the … [Read more...] about Stocks rise along with optimism over US-China trade talks