Global rally after Trump imposes deadline on China over trade

Global Markets Recover As Investors Become Optimistic Of A Deal

The dollar was also propped up by buying by Japanese importers, a rise in US stock index futures and the resilience of the Nikkei 225 stock average, traders said.

"Unless a specific schedule of the next trade talks between the United States and China is decided, the dollar is unlikely to stage a sharp recovery (versus the yen)", an official of a Japanese bank said. The trade-weighted index rose to 72.13 points from 72.03, again reflecting the change in the yuan's value.

The offshore yuan climbed on Trump's comments, rebounding from a four-month low in early trade to 6.8943, up 0.26 percent on the day, while the onshore yuan firmed 0.1 percent against the greenback to 6.8737.

U.S. President Donald Trump and his Chinese counterpart Xi Jinping are likely to meet during a Group of 20 summit in Japan at the end of June and discuss trade, White House economic adviser Larry Kudlow said on Sunday.

"It's lost 2 percent against the U.S. dollar so far this month and we're not even half way through the month", says Peter Cavanaugh, the senior client advisor at Bancorp Treasury Services. China has said additional duties imposed should be removed for an agreement, setting the stage for weeks of uncertainty in financial markets after investors had thought a pact was near.

GOP House Lawmaker: ‘Trump Has Engaged In Impeachable Conduct’
Mueller wrapped the investigation and submitted his report to Barr in late March. ".@justinamash come find me in 1628 Longworth". Amash has said as recently as last month that he hasn't ruled out seeking the Libertarian nomination for presidency in 2020.

Trans Woman Muhlaysia Booker Shot to Death in Texas
Last month, Booker was viciously attacked in what Dallas Mayor Mike Rawlings described as "mob violence" in a written statement . Friends, family and advocates across the country took to social media to mourn Booker, sharing their shock and disbelief.

Champions League final: Tottenham boss Mauricio Pochettino avoids touchline ban
Tottenham qualified for their first Champions League final after a stunning second-leg comeback against Ajax in Amsterdam. Meanwhile, Pochettino and Spurs are gearing up for the Champions League final against Liverpool in Madrid next month.

China effectively runs two exchange rates, one inside China and the other outside it, often referred to as the renminbi.

His comments came after China announced on Monday higher tariffs on $60 billion of U.S. goods, in retaliation of Washington's decision last week to hike its own levies on $200 billion in Chinese imports.

EM Asian currencies are expected to recoup some of their early losses on Wednesday, with trading tensions between the USA and China diminishing somewhat.

According to USA media reports, Trump said at a dinner party at the White house on Monday that he thinks that the U.S. "Both sides will pay in these things". This pressure is building up on expectations that the long-term interest-rate spreads between China and the USA could further narrow and the renewed trade conflict could further intensify, said Zhang Ming, chief economist of Ping An Securities Co. "I am surprised that bonds are not rallying more". "That will annoy the Americans more than they are already". The yen strengthened against all of its major peers, rising as much as 0.3 per cent to 109.60 against the dollar. The offshore yuan - a key risk indicator due to concern China will use it to retaliate against US tariffs - stabilized after a six-day decline.

Related:

Comments

Latest news

Huawei to support its devices after Google Android bar
That, however, raised questions if withholding software products from the Chinese OEM also affected existing phones in the market. It seems that chip suppliers like Intel and Qualcomm will also be barred from doing business with Huawei .

"Overwhelming Military Response Needed": Graham Urges Trump "Stand Firm" On Iran
The headline appears to have been changed to "Israel, Saudi Arabia and Trump aides want confrontation with Iran. Blaming Israel for United States tensions with Iran has a long history in U.S. foreign policy circles.

Iran says it has crossed limits on uranium enrichment
Saudi Arabia's Sunni Muslim ally the UAE has not blamed anyone for the tanker sabotage operation, pending an investigation. Embassy, causing no injuries. - President Donald Trump threatened to destroy the country of Iran via Twitter on Sunday.

Ecuador to let USA officials take Assange's possessions
She added that once the court had granted the request, she would then ask British authorities to transfer Assange to Sweden. Assange has denied wrongdoing, claiming the allegations were politically motivated and that the sex was consensual.

Chairman of US telecoms regulator backs T-Mobile, Sprint merger
We asked O'Rielly's office about his plans for the T-Mobile/Sprint merger, and will update this article if we get a response. The new Boost could buy network access from T-Mobile for at least six years.

Magic Johnson Says Rob Pelinka’s Backstabbing Was One Reason For Leaving
So I started getting calls from my friends outside of basketball saying those things now were said to them outside of basketball. Smith's words] " what the hell happened " and why he resigned as Lakers' President of Basketball Operations.

Rafael Nadal sweeps into Rome semi-finals
Recovery of the knee again. was not easy to come back and to prepare myself the right way". Every match that I've played I've learned a lot.

Ford will eliminate 7,000 salaried workers by August
Ford said the plan, which includes 2,300 cuts in the U.S. , will save the company $600m (£471m) a year. Ford acknowledged in the company email that saying goodbye to colleagues is hard and emotional.

New Ukrainian leader dissolves parliament after being sworn in
Defence Minister Stepan Poltorak and the head of the SBU security service Vasyl Grytsak swiftly tendered their resignations. Zelenskiy's potential bid first surfaced when he played the Ukrainian president in a television show several years earlier.

For many Democrats desperate to beat Trump, Biden's their man
Those remarks came after Biden's campaign announced earlier this week that it will be based in Philadelphia . Democratic nominating contests begin next February, giving the dynamics of the race plenty of time to shift.

7 million viewers watch United Kingdom finish Eurovision in last place
Hartlepool singer Michael Rice is still upbeat after his "amazing" Eurovision 2019 experience, despite finishing in last place. Michael sang Bigger Than Us at the Expo Tel Aviv venue in Israel against a backdrop of a starry night sky and racing comets.

Iraq slams Exxon Mobil's staff evacuation, says it’s politically motivated
Heightened tensions between Iran and the US have fueled concerns of a potential conflict in the Middle East region. The 50 evacuees had worked at the West Qurna 1 oil field in Iraq's southern province of Basra.

Sony & Microsoft Announce Gaming Partnership
However, the company has not publicly commented on the claim that the PlayStation team was largely left out of the negotiations. According to Bloomberg the first time that numerous PlayStation staff heard about the deal was when it was public announced .

Tyler, The Creator Pops Up In London For A Surprise Gig
Rapper Eminem calling Tyler a "faggot" on track Fall in 2018 also prompted a conversation about Tyler's sexual orientation. Police cite safety issues as the reason for cancelling the surprise show.

Deutsche Bank denies report it prevented Trump transactions being flagged
But one former Deutsche Bank employee, Tammy McFadden , who reviewed some of the transactions, spoke to the Times on the record. Fake Media only says this to disparage, and always uses unnamed sources (because their sources don't even exist),' he jabbed.

Other news