The Customs Administration said China's total trade with the United States fell 15.2% for the first 11 months of 2019, with exports dropping 12.5% and imports slipping 23.3%.
China's exports shrank for the fourth consecutive month in November, sending shivers through a market already concerned about damage being done to global demand by the trade war, but growth in imports may be a sign that Beijing's stimulus steps are helping to stoke demand.
Top White House economic adviser Larry Kudlow confirmed on Friday that the December 15 deadline to impose the new tariffs remains in place, but added that President Donald Trump likes where trade talks with China are going.
The country's dollar-denominated exports fell 1.1% In November from a year earlier, compared to a 1% increase expected by economists polled by Reuters.
"We don't expect tariffs to go into effect as the talks are ongoing but the trade talks are the main driver this week", he said, adding he did not expect any "fireworks" from the central bank meetings.
European shares are expected to give up some of the gains made on Friday after the US payrolls data, with pan-European Euro Stoxx 50 futures down 0.14%, German DAX futures slipping 0.04% and FTSE futures losing 0.35%. "Right now, the clouds of recession still remain well offshore despite troubled economies elsewhere in the world and a trade war".
China's official factory activity gauge returned to growth for the first time in seven months in November, with a private survey showing activity expanding at the quickest pace in nearly three years.
"China is clearly not immune to either the United States trade tariffs, or the lingering slowdown in the broader global economy", said Jeffrey Halley, senior market analyst at OANDA.
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Both of The Two Popes were nominated, Jonathan Pryce as Best Actor - Drama and Anthony Hopkins as Best Supporting Actor . The Academy Awards are being held several weeks early, on February 9, giving Oscar campaigns less time to find momentum.
Ties between Trudeau, Trump tested at close of North Atlantic Treaty Organisation summit
NATO Secretary-General Jens Stoltenberg credited Trump for nudging members to step up and meet the benchmark. And back in the USA on Thursday, Trump hinted that a bad week for Canada could be about to get worse.
Play abandoned due to dangerous Melbourne Cricket Ground pitch
The latest incident has firmly shifted the focus on the upcoming Boxing Day Test between the hosts and New Zealand at the MCG . It was during the 2017-18 Ashes where the pitch was rated as "poor", by the International Cricket Council (ICC).
Investors also got some encouraging news on the U.
In Asia, Japan's benchmark Nikkei 225 edged 0.3% higher to finish at 23,430.70, after the Cabinet Office reported the economy expanded at a 1.8% annual pace in July-September, spurred by strong consumer purchases ahead of an October 1 sales tax hike.
The report comes ahead of the Federal Reserve's two-day meeting that begins Tuesday. The central bank is expected to keep the rates unchanged at the monetary policy review.
Oil prices retreated after Friday's healthy gains that came in reaction to news that OPEC and other major producers led by Russian Federation had agreed to cut output by a further 500,000 barrels a day in addition to their current agreement.
In the currency market, the dollar maintained a firm tone on Monday, with the dollar index against a basket of major currencies standing at 97.691 and the euro changing hands at $1.1058 both little changed on the day.
The Japanese yen traded at 108.61 per dollar after strengthening from lows beyond 109.6 in the previous week.
The British pound rose to a new seven-month high of $1.3180 GBP=D3 as investors raised their bets on a Conservative Party victory and majority in parliament in Thursday's general election.