UK News: World shares gain on upbeat comment on China-US trade talks - - PressFrom - United Kingdom
  •   
  •   

UK News World shares gain on upbeat comment on China-US trade talks

14:55  21 october  2019
14:55  21 october  2019 Source:   msn.com

Brexit latest: EU leaders suggest more time is needed to reach deal as last-minute talks fail to result in agreement

  Brexit latest: EU leaders suggest more time is needed to reach deal as last-minute talks fail to result in agreement Leo Varadkar said negotiators were 'making progress' but there are 'many issues' still to be resolvedIrish Prime Minister Leo Varadkar said negotiators were "making progress" in the talks but that as the time is running out before a crucial meeting of leaders on Thursday, there were still "many issues" yet to be resolved.

BANGKOK (AP) — Stocks were mostly higher in Europe and Asia on Wednesday after U . S . President Donald Trump suggested trade talks with China do not face a hard March 1 deadline for a deal.

BANGKOK - Stocks were mostly higher in Europe and Asia on Wednesday after U . S . President Donald Trump suggested trade talks with China do not face a hard March 1 deadline for a deal. Negotiators from both sides resumed talks Tuesday in Washington following discussions in Beijing last week that

In this Oct. 11, 2019, photo, a man walks past an electronic stock board showing Japan's Nikkei 225 index and other Asian market index at a securities firm in Tokyo. Asian shares were mixed Monday, Oct. 21,  amid uncertainties about Britain’s exit from the European Union and the ongoing trade conflict  (AP Photo/Eugene Hoshiko) © Provided by The Associated Press In this Oct. 11, 2019, photo, a man walks past an electronic stock board showing Japan's Nikkei 225 index and other Asian market index at a securities firm in Tokyo. Asian shares were mixed Monday, Oct. 21, amid uncertainties about Britain’s exit from the European Union and the ongoing trade conflict (AP Photo/Eugene Hoshiko)

TOKYO (AP) — Global shares rose after China's top trade negotiator said over the weekend that Beijing and Washington were making progress in trade talks.

China's state-run Xinhua News Agency reported that Vice Premier Liu He told a conference in the southern city of Nanchang that the most recent trade talks with the U.S. made "substantial progress."

Global shares rally on tentative Brexit deal

  Global shares rally on tentative Brexit deal BANGKOK (AP) — Global markets were boosted Thursday by news that Britain and the European have agreed on an outline Brexit deal after days of intense negotiations. Benchmarks in London and Frankfurt rallied and Wall Street was positioned for gains when the market opens in New York. Although news of a Brexit breakthrough had investors optimistic, the deal must still be formally approved by the bloc and ratified by the European and U.K. Parliaments.Further complicating matters was British Prime Minister Boris Johnson's Northern Irish government allies, who immediately said they could not back the outline deal because of provisions for the Irish border.

China today struck an upbeat note as trade talks resumed with the US , but also expressed anger at a US Navy mission through the disputed South China Sea. This has cast a shadow over the prospect for improved Beijing-Washington ties.

China has sounded a positive note ahead of trade talks this week with Washington, but the two sides face potentially lengthy The talks are going ahead despite tensions over the arrest of a Chinese tech executive in Canada on U . S . charges related to possible violations of trade sanctions against Iran.

The negotiations were "building a foundation for signing a phased agreement," it said.

U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, agreed to hold off for now on imposing new tariffs while a deal is under discussion. Trump has said he hopes to sign a "Phase 1" agreement with Xi when the two meet at a summit next month in Chile.

In this Oct. 16, 2019, photo, an investor walks by an electronic board displaying stock prices at a brokerage house in Beijing. Asian shares were mixed Monday, Oct. 21, amid uncertainties about Britain’s exit from the European Union and the ongoing trade conflict  (AP Photo/Andy Wong) © Provided by The Associated Press In this Oct. 16, 2019, photo, an investor walks by an electronic board displaying stock prices at a brokerage house in Beijing. Asian shares were mixed Monday, Oct. 21, amid uncertainties about Britain’s exit from the European Union and the ongoing trade conflict (AP Photo/Andy Wong)

Britain's FTSE 100 rose 0.1% to 7,160 as uncertainties remain over the U.K.'s exit from the European Union. France's CAC 40 rose 0.2% in early trading to 5,646, while Germany's DAX gained 0.7% to 12,725.

Bye Bye, Bei Bei: National Zoo panda leaves for China next month

  Bye Bye, Bei Bei: National Zoo panda leaves for China next month National Zoo will soon have an empty-nester exhibit on display when Bei Bei, the 4-year-old male offspring of the zoo's giant panda couple, sets out for China next month to help breed more of his species in his parents' homeland.“Bei Bei is part of our family,” Steve Monfort, director of the Smithsonian's National Zoo, said in a statement. "We’re sad he’s leaving, but excited for the contributions he will make to the global giant panda population.

The talks were aimed at resolving deep differences over China 's intellectual property practices. Trump has vetoed multiple proposed trade deals with China , choosing to push ahead with tariffs on Chinese goods to gain leverage. All rights reserved. Click Here to comment on this article.

But traders were worried about reports that the U . S . had turned down an offer by Chinese trade officials to meet CHINA TALK : Chinese Vice President Wang Qishan took aim at the U . S . in pointed comments at the World Economic Yahoo Finance. Wall Street gains on upbeat data, firming yuan.

U.S. shares were set for gains, with the Dow future contract up 0.1% at 26,780. S&P 500 futures added 0.2% to 2,995.

In Asian trading, Japan's benchmark Nikkei 225 gained nearly 0.3% to finish at 22,548.90. South Korea's Kospi picked up 0.2% to 2,064.84, while Hong Kong's Hang Seng was nearly unchanged at 26,725.68. The S&P/ASX 200 in Australia inched up less than 0.1% to 6,652.50, while the Shanghai Composite also added less than 0.1% to 2,939.62.

Japan reported that its exports fell 5.2% from a year earlier in September while imports slipped 1.5%. The resulting deficit of 123 billion yen ($1.1 billion) reflected weak exports to China, South Korea and other Asian countries, customs data showed.

"Repercussions from U.S.-China trade tensions are likely to persist, and weak investment and consumer spending of the two major trading partners of Japan — could continue to weigh on exports of ordinary machinery and autos, Japan's major export products," SungHa Park of IHS Markit said in a commentary.

25 fascinating facts about animals that have gone extinct

  25 fascinating facts about animals that have gone extinct Nearly one million species are threatened with extinction today, but fascinating animals like the Irish elk and the dodo have already been forgotten.

Shares were higher Friday in Asia after a day of lackluster trading on Wall Street.Yam G-Jun / AP. Postmedia is pleased to bring you a new commenting experience. We are committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles.

(Adds comments from White House economic adviser Kevin Hassett). Chinese Foreign Ministry spokeswoman Hua Chunying also struck an upbeat tone about the talks , telling a news briefing But Hua added that China believed resolving trade frictions through dialogue was in the interests of both

U.S. investors are looking ahead to more corporate earnings reports and awaiting data on housing and a report on durable goods orders later in the week.

Meanwhile, British Prime Minister Boris Johnson is expected to push for a vote on his European Union divorce deal as Parliament prepares for a week of guerrilla warfare over Brexit.

Johnson's office said he plans to kick things off by asking for a "straight up-and-down vote" on the EU divorce agreement on Monday, two days after lawmakers voted to delay approving the deal.

ENERGY: Benchmark crude oil fell 40 cents to $53.38 a barrel in electronic trading on the New York Mercantile Exchange. It fell 15 cents to $53.78 a barrel on Friday. Brent crude oil, the international standard, lost 58 cents to $58.84 a barrel.

CURRENCIES: The dollar rose to 108.56 Japanese yen from 108.38 yen on Friday. The euro slipped to $1.1167 from $1.1174.

RUTH SUNDERLAND: Hong Kong strife leaves HSBC and Standard Chartered walking a tricky tightrope .
Central to both banks is the idea of making fabulous profits in the dynamic markets of Asia. It's a seductive strategy, but one that comes with high risks. The focus this week will be on how they are dealing with the situation in Hong Kong and the delicate diplomacy each has to conduct with Beijing. But the duo have to keep the Americans sweet as well. One HSBC boss, John Flint, has already been caught in those tendrils. He left in a swirl of rumours that he was a scapegoat for anger in Beijing, allegedly over the bank passing information on telecoms group Huawei to the US Department of Justice.

—   Share news in the SOC. Networks

Topical videos:

usr: 0
This is interesting!