Uncertainty over US-China trade talks pushes stocks lower
- by Patty Hardy
- in Business
- — Nov 12, 2019
In Asia, Hong Kong led the retreat, with the Hang Seng losing 2.6 per cent to 26,926.55 after a police officer shot and wounded a protester. Shipments tumbled, though, after Beijing in 2018 imposed steep tariffs on imports of US soy and other agricultural goods. But Saturday, President Donald Trump said that reports on how far the U.S.is willing to go on rolling back tariffs were "incorrect" without elaborating. Factory prices declined 1.6%, a 10th more than forecast.
"It's hard to say who stands to lose more from this deal falling apart, but this last-minute jostling does not inspire confidence", said Craig Erlang, senior market analyst at PANDA Corp. Yongtu was the point man who was responsible for getting China into the World Trade Organization nearly 20 years ago.
US stocks ended last week at record closing highs, capping a rally that had lifted the S&P 500 more than 7% since early October.
Recently, there have been some signs thawing, with negotiators last month announcing they had agreed to the framework of a phase one deal.
Below is a graphical look at the percentage high, low, and close for the major indices in North America and Europe today. The Dow Jones Industrial Average turned positive Monday on news that Boeing expects to resume deliveries next month of its beleaguered 737 Max jet. The most-active corn contract slid 4 cents to $3.73-1/4 a bushel, while the most-active wheat contract dropped 4-1/2 cents to $5.05-3/4 a bushel at the CBOT. "And so if we can have a few days of consolidation where it eases some of that, then that's a healthy development for the market overall".
US stocks mostly fell on Monday as uncertainty continues to hang over U.S.
The biggest moments from the People's Choice Awards
As for any impending nuptials, Stefani assured fans she would let them now, stating, 'When I have something to say, I'll say it'. Fashion lover: 'I always, always loved fashion. "It's freaky , it's insane ", says Stefani in a People's Choice Awards video.
Plane Slides Off Chicago Runway, Flight Delays In Kalamazoo
American Airlines spokesperson Ross Feinstein, shared with the press that everyone aboard the plane was safe and in the terminal. Temperatures in Chicago dropped into the 20s on Monday and the entire runway appeared to be covered in snow and ice.
5 times Capitol Hill testimony left its mark on the Trump presidency
Trump has reached the point at which he's peddling unusual claims that even House Republicans aren't willing to endorse. He said the distinction between "quid pro quo" and a word like "extortion" will be critical during the public hearings.
The dollar index .DXY fell 0.14%, with the euro EUR= up 0.14% to $1.1032.
In currencies, the Japanese yen gained on the dollar to 109 while the Australian dollar, a liquid gauge for risk, was off slightly at $0.6856. More snow and rain fell in parts of the Midwest on Monday.
DEFENSE FIRST: Real-estate stocks in the S&P 500 rose 0.4% for the biggest gain among the 11 sectors that make up the index.
In commodities, benchmark Brent crude fell 51 cents to $62.00 a barrel while West Texas Intermediate (WTI) crude slipped 46 cents to $56.78 a barrel.
European markets also fell. 'For hawks in the Chinese government, the US actions against Huawei and its related companies would be very near to a declaration of war and if the USA does not grant another extension to the Huawei ban then the bad feeling this will generate in China will be enormous, ' he added. -China trade deal and improving economic data.
Caution ruled in other markets ahead of a speech by U.S. President Donald Trump to the Economic Club of NY later in the day in case there was any new word on an agreement.
