U.S. stock futures jumped on Monday after a migration deal between the United St...
TOKYO - U.S. stock futures jumped on Monday after a migration deal between the United States and Mexico late last week to avert a tariff war added to a weak U.S. job data which cemented expectations of Federal Reserve rate cuts.
U.S. Treasuries futures dropped 13/32 in price while U.S. interest rate futures gave back gains made after Friday’s soft payroll data. On the whole, the dollar was undermined by rising expectations the Fed will cut rates in coming months. The euro was little changed at $1.1329 near a 2-1/2-month high of $1.1348 touched on Friday. The common currency held firm near five-month highs against sterling at 88.965 pence.
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White House formally serves notice it will hit Mexico with tariffs Monday as talks drag onMexican and U.S. officials met for a third day on how to stop Central Americans heading to the U.S., but no deal appeared imminent to stave off U.S. tariffs.
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U.S.-Mexico Joint Declaration - United States Department of StateThe United States and Mexico met this week to address the shared challenges of irregular migration, to include the entry of migrants into the United States in violation of U.S. law. Given the dramatic increase in migrants moving from Central America through Mexico to the United States, both countries recognize the vital importance of rapidly …
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Steven Mnuchin: Trump could renew tariff threat if Mexico doesn't deliver on immigrationTreasury Secretary Steven Mnuchin said Washington is 'very excited' about an agreement with Mexico to help stem the flow of immigrants attempting to enter the U.S.
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New York Times: Mexico had planned on most actions in border deal before Trump tariff threatMexico had already promised to take many of the actions agreed to in Friday's immigration deal with the US -- months before President Donald Trump's tariff threat, officials from both countries who are familiar with the negotiations told the New York Times in a story published Saturday.
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