Asia stocks stage relief rally after China-US deal
Asia stocks stage relief rally after China-US deal
Asian stocks slip on worries over US-China tariffs truce
07 December, 2018, 14:43
Telecommunications equipment giant ZTE, which was temporarily banned by the U.S. from buying parts from American suppliers for three months this year, continued to be positive ending up 0.72 per cent to HK$16.86, though gains were marginal in comparison to its 7.9 per cent jump on Monday. Chipmaker AMD jumped 9.3 percent. Europe fared a little better, but London Frankfurt DAX and Paris were all 0.4 to 0.6 percent lower.
The White House also said the existing 10 percent tariffs on $200 billion worth of Chinese goods would be increased to 25 percent if no deal was reached within 90 days.
Moreover, none of the commitments that USA officials said had been given by China, including reducing its 40 per cent tariffs on autos, were agreed to in writing and specifics had yet to be hammered out.
The rally that we are experiencing goes to show that in spite of the trade tensions between the United States and China is seen as bilateral issues between themselves, that as two major economic powers in the world it does have huge ramifications for global market optimism.
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Haley said that, in an average year, the UN General Assembly votes on a resolution opposing Israel twenty times. Global consensus has been that Jerusalem's status must be negotiated between the two sides.
Analysts expect an inversion of the two-year, 10-year yield curve, which are seen as a predictor of a United States recession, to follow suit.
Oil prices, battered by concerns the trade war would hit demand for the commodity, rebounded on the truce news - but like share prices, early gains soon lost momentum.
"Post G-20 sentiment is a bit more positive than expected", said Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore.
However, analysts also said US manufacturing data released on Monday had been reassuringly strong, with new orders a "key driver" in boosting activity.
The risk-on mood saw MSCI's index of emerging-market currencies rise 0.7 per cent, led by China's yuan, which saw its biggest daily gain since February 2016. USA crude was 0.5 per cent higher at $53.23 per barrel. That helped boost shares of European automakers more than 3 percent.
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The offshore yuan CNH= gained about 1 percent to 6.879, while the Aussie - viewed as a barometer of Chinese growth - was 0.5 percent higher against the greenback. Lawmakers are to vote December 11 on Prime Minister Theresa May's agreement on leaving the European Union.
Germany's 10-year government bond, the benchmark for the euro area, initially rose four basis points to 0.347 percent DE10YT=RR , then eased to 0.3 percent. The pound was up 0.7 percent at $1.2811 following the news.
Sterling gave up early gains and dived to its lowest since the end of October as investors dumped the currency on growing concerns about British parliamentary approval for a Brexit deal.
Federal Reserve Chairman Jerome Powell was scheduled to testify on Wednesday to a congressional Joint Economic Committee, but the hearing was postponed because of a national day of mourning for U.S. President George H.W. Bush, who died on Friday.
The dollar originally came under pressure last week on Powell's comments that rates were nearing neutral levels, which markets interpreted as signaling a slowdown in the Fed's rate-hike cycle. Amazon and Apple's market value even went up by 4.9 percent and 3.5 percent, respectively. One of the company's suppliers, Cirrus Logic, trimmed its revenue outlook, more evidence that the latest iPhones are not selling well.
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He is the seventh Pakistani bowler to take 200 or more wickets in a list topped by fast bowler Wasim Akram's 414 in 104 Tests. He broke an 82-year-old record on dismissing 200th batsman in the 33rd Test.
Spot gold was flat, trading at $1,231.11 per ounce. Brent crude futures settled at $61.69 a barrel on Monday.
Ukrainian ports of the Azov sea reduced the turnover more than doubled, forced to go on four-day working week and reduce staff. CNN cited three unnamed USA officials as the source for the report, which could not be immediately confirmed.
BUR authorities reported that although the airport remained open, some flights were cancelled or delayed due to the incident. The system, which the FAA credits with 13 prior saves, is created to stop aircraft travelling up to 80 miles per hour.
Officers were called onto the scene when crowded lines and rampant double-parking started to congest the surrounding area. The Cheesecake Factory is celebrating their 40th birthday with thousands of slices of free cheesecake.
Bryan Lynn wrote this story for VOA Learning English. "We want multiple providers that are competing on cost and innovation". That's when NASA plans to give an update about a program that aims to land privately developed spacecraft on the moon.
Once you're near the burger chain, the app will unlock the special discounted Whopper, and guide you to their nearest location. In a later tweet, the company joked: "morning everyone. if you happen to be going to McDonald's today, drive safe".
Regardless of other possible reasons, "it is mainly indicative of worries about how long growth in the US can remain so strong". On Tuesday, three-year Treasury yields fell below two-year notes for a brief moment before bouncing back.
They are also concerned about how the law's secrecy provisions will impact their business models and consumer privacy. Earlier in the week, the bill, with some amendments, appeared to have enough support to be passed.
Jost pointed to recent strategic decisions by Volkswagen as being fully in line with the plans to migrate to electric vehicles. The new petrol and diesel units are slated to arrive in 2026 and they will mark the end of an era for Volkswagen.
ISLAMABAD: Prime Minister Imran Khan on Thursday reiterated his stance that there was no military solution to Afghan conflict . In a wide-ranging interview with the top USA newspaper, the premier said he wanted a "proper relationship" with Washington.
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But Johnson bucked the trend and snagged an errant pass from Marcus Mariota from the air and coasted into the end zone. Only his second interception of the season, the high-priced cornerback has underperformed for much of the season.
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Accessing state-run applications and websites like Ecured, a Cuban Wikipedia, could be cheaper for citizens, added Velázquez. Many Cubans complained they could not use their cellphones for making calls or sending text messages during the tests.