Asian stocks soar on the prospect of U.S.-China trade negotiations, as well as hopes for monetary easing by Beijing
• European and Asian stocks upThe two countries said deputy-level officials would work together in mid-September to lay the groundwork for the meeting, which comes after the world’s two largest economies have moved to impose tariffs on each other. Beijing said it hopes for “substantive progress” during talks next month.
Ipek Ozkardeskaya, a senior analyst at London Capital Group, said despite the October U.S.-China meeting, there isn’t a market expectation that it will lead to an immediate resolution. In addition to the exchange of goods, the U.S. and China also have to reconcile concerns about patents and access to the internet, which the Chinese government censors.
China’s state media, citing Wednesday remarks from a meeting chaired by Premier Li Keqiang, said the government plans to use monetary policy, including cuts to banks’ reserve requirement ratios, to stimulate the economy and support small enterprises. China has retaliated, hitting items such as American soybeans and some U.S. auto parts with higher punitive tariffs of 30% and 35%. It is also letting the Chinese yuan depreciate to help mitigate the impact of the levies.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Global Stocks Rally After Wall Street SlumpStocks rose as political developments around the world and hopes for central-bank action countered a series of economic data that gave further evidence of a global slowdown.
Consulte Mais informação »
European stocks seen higher on global trade and political reprieveEuropean stocks were seen higher Thursday morning after confirmation of new U.S.-China trade talks and political tensions in the U.K. and Hong Kong show signs of easing.
Consulte Mais informação »
Stocks drop to begin September amid new US-China tariffs, weak US manufacturing dataThe stock market finished in the red on the first trading day of September. The Dow dropped by 283 points as new China tariffs took effect this weekend and weak U.S. manufacturing data was reported. The S&P 500 lost 0.7% while the Nasdaq fell 1.1%.
Consulte Mais informação »
Lego plots global expansion with malls hungry for new storesLego, the No. 1 toymaker in the world in terms of sales, is on track to open 150 new stores by the end of this year.
Consulte Mais informação »
Asia stocks dented by trade war, Brexit showdown paralyses poundUS bond yields up slightly after sharp fall in August, while European shares seen dipping slightly. Meanwhile, pound sterling drops to just below $1.2, its lowest level since January 2017.
Consulte Mais informação »
Asia stocks set to trade higher as investors watch Hong Kong developmentsStocks in Asia were set to trade higher at the open on Thursday as investors closely watch Hong Kong markets after the withdrawal of a controversial extradition bill that had sparked protests for months.
Consulte Mais informação »