mcloudy.png
Friday November 22nd, 2019 1:43PM

Uncertainty over US-China trade keeps markets in check

By The Associated Press
Related Articles
  Contact Editor

LONDON (AP) — Uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war kept global markets in check Friday.

Though the two sides have agreed to reduce some punitive tariffs on each other's goods, the full extent of the rollback wasn't clear. A Chinese spokesman announced the development Thursday as talks on ending the trade war progressed, and it triggered a rally in U.S. stock markets.

The two biggest global economies have raised tariffs on billions of dollars of each other's goods. That has disrupted supply chains, threatening to chill worldwide economic growth.

"Sometimes we can get so caught up in the trade headlines that we don't stop to question why everything doesn't quite add up and align with past behavior," said Craig Erlam, senior market analyst at OANDA.

In Europe, Germany's DAX was down 0.2% at 13,262 while France's CAC 40 fell 0.2% to 5,881. The FTSE 100 index of leading British shares was 0.3% lower at 7,385.

Wall Street was poised for a steady open after a series of records, with Dow futures and the broader S&P 500 futures both down 0.1%.

Earlier in Asia, the Shanghai Composite Index lost 0.4% to 2,964.18 while Hong Kong's Hang Seng tumbled 0.7% to 27,651.14. Tokyo's Nikkei 225 though bucked the trend and closed 0.3% higher at 23,391.87.

ENERGY: Benchmark U.S. crude fell 85 cents to $56.30 per barrel in electronic trading on the New York Mercantile Exchange while Brent crude, used to price international oils, declined 91 cents to $61.38 per barrel in London.

CURRENCIES: The euro was down 0.2% at $1.103 while the dollar firmed 0.1% to 109.37 yen.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Financial Markets
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Uncertainty over US-China trade keeps markets in check
Uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war kept global markets in check Friday
8:11AM ( 32 minutes ago )
Ivanka Trump: Whistleblower's motives more important than ID
Ivanka Trump says the identity of the whistleblower whose complaint sparked the impeachment inquiry of her father is "not particularly relevant."
8:10AM ( 33 minutes ago )
The words Trump had to hear: Investigations, Biden, Clinton
House impeachment investigators release new transcript in impeachment inquiry into Trump's actions
8:10AM ( 34 minutes ago )
Associated Press (AP)
Bloomberg opens door to a 2020 Democratic presidential bid
Billionaire Michael Bloomberg opens the door to a 2020 Democratic presidential campaign, warning the current field of candidates is ill equipped to defeat President Donald Trump
6:56AM ( 1 hour ago )
Bloomberg opens door to 2020 Democratic run for president
Billionaire Michael Bloomberg opens the door to a 2020 Democratic presidential campaign, warning the current field of candidates is ill equipped to defeat President Donald Trump
6:08AM ( 2 hours ago )
For east Syria, US troops are about much more than oil
Residents of eastern Syria hope the US troop mission there will have an impact far broader than just protecting oil fields, counting on it to bring stability and prosperity and keep out the Syrian government
4:41AM ( 4 hours ago )
AP Business
Asian stocks mixed amid uncertainty over US-China trade
Asian stock markets mixed amid uncertainty about possible progress in U.S.-China trade talks
11:18PM ( 9 hours ago )
Google digitizes artworks in Puerto Rico for 1st time
Google Arts & Culture has digitized more than 350 Puerto Rico paintings for the first time with help from "Hamilton" creator Lin-Manuel Miranda
7:59PM ( 12 hours ago )
Cambodian rival stopped from going home to challenge Hun Sen
Cambodian opposition leader stopped in Paris from his attempt to travel home to challenge longtime leader Hun Sen
7:51PM ( 12 hours ago )
AP Business - Economy
Global stocks turn higher as China says tariff war may ease
Global stocks are up after China said it had agreed with the United States to gradually ease tariffs on each other's exports as part of an effort to scale back their trade war
8:15AM ( 1 day ago )
Asian stocks mixed after US indexes hit pause
Asian stocks mixed after US indexes hit pause
1:53AM ( 1 day ago )
Asian stocks mostly lower after US indexes hit pause
Asian stocks mostly lower after US indexes hit pause
11:30PM ( 1 day ago )
AP Business - Financial Markets
Ivanka Trump: Whistleblower's motives more important than ID
Ivanka Trump says the identity of the whistleblower whose complaint sparked the impeachment inquiry of her father is "not particularly relevant."
8:10AM ( 33 minutes ago )
The words Trump had to hear: Investigations, Biden, Clinton
House impeachment investigators release new transcript in impeachment inquiry into Trump's actions
8:10AM ( 34 minutes ago )
Turkish patrol kills protester amid shaky truce in NE Syria
Some Syrian residents pelt Turkish, Russian troops conducting joint patrol in northeast Syria with shoes, stones
8:08AM ( 35 minutes ago )
Marker now calls 1898 violence a 'coup,' not a 'race riot'
The state of North Carolina is moving away from using the phrase "race riot" to describe the violent overthrow of the Wilmington government in 1898 and is instead using the word "coup" on the highway historical marker that will commemorate the dark event
8:07AM ( 36 minutes ago )
UK election boosts hopes of pro-independence Scottish party
The Scottish National Party is officially launching its campaign for Britain's Dec. 12 election _ a vote it hopes will put Scotland a step closer to independence
7:54AM ( 49 minutes ago )