While global markets would hail a U.S.-China trade deal, fears are growing that the European Union could be the fall guy in any breakthrough, which would allow Donald Trump to turn his attention to German cars or French luxury wines.
In the six weeks since a confident U.S. Federal Reserve raised interest rates in response to a “strong” U.S. economy, consumer confidence dropped, wholesale prices weakened, financial markets wobbled and home sales fell.
Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed downward pressure from a darkening outlook for the global economy.
Electric carmaker NIO Inc, among rivals to Tesla in China, launched a $650 million convertible bond on Wednesday, four months after it listed in New York.
Nissan Motor Co Ltd Chief Executive Hiroto Saikawa is aiming to hold his first face-to-face discussion with new Renault SA Chairman Jean-Dominique Senard on the sidelines of an alliance meeting in the Netherlands on Thursday, NHK reported.
China’s parliament will vote in March on a new foreign investment law that will ban forced technology transfer and illegal government “interference” in foreign business practices, the official Xinhua News agency reported in Wednesday.
Asian equities steadied on Wednesday as investors awaited Federal Reserve policy guidance and the outcome of high level trade talks between the United States and China, while drawing relief from Apple Inc’s earnings.
Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed downward pressure from a darkening outlook for the global economy.
Oil prices dipped on Wednesday amid a cloudy outlook for the global economy, but traders said declines were reined in by worries over disruptions to supply from U.S. sanctions on Venezuelan fuel exports.
U.S. President Donald Trump has rattled the world trade order by imposing unilateral tariffs to combat what he calls unfair trade practices by China, the European Union and other major trading partners of the United States.
Apple Inc plans to cut the price of some of its flagship iPhones for only the second time in the device’s 12-year history, pegging its retail value to past prices in local currencies outside the United States instead of the rising U.S. dollar.
The United States and China launch a critical round of trade talks on Wednesday amid deep differences over U.S. demands for structural economic reforms from Beijing that will make it difficult to reach a deal before a March 2 U.S. tariff hike.
Oil prices were stable on Tuesday, pressured by a cloudy outlook for the global economy but supported by worries over disruptions to supply from U.S. sanctions on Venezuelan exports.
U.S. stock futures and Asian equities eked out modest gains on Wednesday as investors seized on Apple Inc’s earnings and comments from its chief that U.S.-China trade tensions were easing, sending the iPhone maker’s shares soaring in after-hours trade.
Apple Inc reported sharp growth in its services business on Tuesday and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping boost the company’s shares after hours even though iPhone sales dipped in the holiday shopping quarter for the first time.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
