Global stocks, yields ease losses on skepticism of Trump's China threats

07 Mai, 2019, 02:24 | Auteur: Auguste Feret
  • Yuan Sinks U.S. Stock Futures Tumble on Trade War Markets WrapMore

The decline is largely attributable to Mr Trump's tweets, as both the major US share market indices and Australian share market futures ended last week substantially higher ahead of the US President's social media intervention on Sunday.

Asked whether the top Chinese envoy, Vice Premier Liu He, would go to Washington as planned, Geng said only that a "Chinese team" was preparing to travel.

"There has been widespread expectations in recent days that an accord could be reached by Friday", it said. Given that farm debt is on the rise, with Trump's tariffs on steel pushing the cost of equipment higher, and tariffs from China sending farm income lower, American farmers may be wondering where is the art in this deal.

"Stock markets surged earlier this year as investors assumed that a trade deal between United States and China would be [agreed] soon", Norman Chan Tak-lam, the chief executive of Hong Kong Monetary Authority, said.

"For 10 months, China has been paying tariffs to the United States of 25 per cent on 50 billion dollars of High Tech, and 10 per cent on 200 billion dollars of other goods", Trump said in a series of tweets on Sunday.

Trump claimed tariffs paid by China were "partially responsible for our great economic results".

A subsequent threat to raise tariffs on the September list of products to 25 per cent from 10 per cent in March was suspended, pending trade talks.

"Trump has taken the proverbial sledgehammer to the walnut this morning and the only two words likely to be on the minds of traders and investors this week are "trade talks", Jeffrey Halley, a senior market analyst at OANDA, said.

Trump wrote on Sunday, "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!"

The Wall Street Journal report said that Trump's tweet had taken Beijing by surprise.

Chinese news outlets have been told not to independently report on Trump's tweets, and instead adhere to any report from the official Xinhua news agency, said a source with direct knowledge of the matter. As of Monday, a Chinese spokesman said that a trade delegation would still make the trip, although exactly who would show up was unclear.

Turkish opposition blasts Erdogan's 'plain dictatorship' as Istanbul vote to be redone
Howard Eissenstat, a Turkey expert at the nonprofit Project for Middle East Democracy and a Middle East history scholar at St. The 63,000-capacity mosque on Istanbul's Camlica Hill in the Asian side of the city was opened by Erdogan for Friday prayer.

Oil Falls As Trump Threatens New Tariffs On China
As late as last Friday, the signs of signing off on a deal looked promising, according to US Treasury Secretary Steven Mnuchin. The threat , conveyed via Twitter , dashed expectations that the two biggest economies might forge a deal in talks this week.

Les images du mariage de Julien et Manon
D'ailleurs, les caméras de la chaîne étaient présentes, puisque la cérémonie sera diffusée prochainement sur 6Play. Car oui, Manon Marsault et Julien Tanti ont vu les choses en grand pour célébrer leur amour.

Pressure tactic or genuine roadblock?

Trump's latest move will raise duties on more than 5,000 products made by Chinese producers, ranging from chemicals to textiles and consumer goods.

"The President is, I think, issuing a warning here, that, you know, we bent over backwards earlier, we suspended the 25 per cent tariff to 10 and then we've left it there", he said.

Trump signaled that he was losing patience with Beijing on Sunday, having halted a promised increase in tariffs when he thought a deal was close at hand.

President Trump's recent tweets threatening to escalate his trade war with China sent soybean and corn futures plummeting Monday, in the latest hardship for USA farmers.

"We will probably know over the next four weeks".

Mr Trump tweeted: "325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%".

The US has imposed tariffs on Dollars 250 billion of Chinese goods, having accused the country of unfair trade practices.

Beijing hit back with duties on Dollars 110 billion of United States goods, blaming the United States for starting "the largest trade war in economic history".

"Investors will remain bearish on the yuan, as they reprice in trade war risks because the new developments are a reversal of previous positive progress", Ken Cheung, senior foreign-exchange strategist at Mizuho Bank.

Fears about a further escalation caused a slump in world stock markets towards the end of a year ago. Here are the answers to key questions about the rumbling dispute between the world's two largest economies.

Conseillé:



Populaire

SpaceX makes a 5,500-pound delivery to ISS
This recycled Dragon which is making its second space trip is due to arrive at the orbiting lab on Monday. The spacecraft has a small space station emblem on its side indicating its previews flight in 2017.

Sa fille raconte son enterrement — Luke Perry
Près de 20 ans après l'arrêt de la série, tous les acteurs de Beverly Hills 90210 seront de retour dans un reboot de la série. Luke Perry nous a quittés le 4 mars dernier. À 52 ans, l'acteur est mort des suites d'un accident vasculaire cérébral.

Breakthrough in crunch Labour and Tory Brexit talks on a knife edge
International Development Secretary Rory Stewart reinforced the Prime Minister's message, saying the ball was in Mr Corbyn's court.

Cardiff relegated, Tottenham loss blows open race for top 4
Right now, it has to be hope rather than expectation that Liverpool will finish the campaign with silverware. But they are hardly limping to the finishing line.

Une vedette de YouTube derrière les barreaux
Il leur disait qu'il pourrait les aider à avoir plus de followers sur Instagram, a expliqué le procureur lors du procès. Une autre mauvaise nouvelle pour YouTube qui se retrouve dans l'actualité pour de bien mauvaises raisons.

Mort du DJ à 42 ans, après un accident tragique — Adam Sky
Ses proches et ses amis arrivent à Bali pour gérer ses funérailles", a-t-il notamment été publié sur sa page Instagram. Sous le choc, ses fans ont été nombreux à lui rendre hommage.

Police question father of girl, 3, dead in Queens auto fire
The heat from the fire had melted the handle and released the latch, allowing firefighters to open the door and pull the girl out. Her 39-year-old father, from Valley Stream, was on fire as he ran from the scene, according to police sources and witnesses.

Kim Kardashian Gushes Over Her Kids as Due Date Approaches
Kardashian also admitted that, while studying, she "snoozed through contracts", because she "could hardly get through it". Since he had two drug priors, he was convicted to life in prison under the federal three strikes rule.

Watch Adam Sandler’s Tear-Jerking Tribute to Chris Farley on ‘SNL’
In his return to "SNL" as the host on Saturday night, Sandler remembered his late friend. We kind of understood because we did our thing.

European Union to launch inquiry into Apple over Spotify's complaint, report says
However, there is no certainty that an investigation would eventually lead to Spotify's victory. Apple and Spotify both declined to comment to the FT.