China, Trump and Dow
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China trade beats forecasts
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Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!”
The Trump administration appears to be trying to calm markets — and investors seem to be responding — after Friday’s sharp stock sell-off and a tense weekend between Washington, D.C., and Beijing.
Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. But markets in Asia dropped.
The prospect of a revived trade war between Beijing and Washington is threatening to undermine this year’s blistering rally in Chinese stocks and weigh on the yuan.
Mike Zuzolo with Global Commodity Analytics says soybean futures closed slightly higher on Monday as trade tensions with China seemed to ease over the weekend. However, the soybean market doesn't totally trust that a deal is going to take place.
Asian equities mostly followed Wall Street higher overnight as Mainland China's STAR Market and Korea outperformed, while the Philippines and Hong Kong's Hang Seng Tech Index underperformed. Mainland China's markets reopened for the first time since September 30th,
What Happened in Markets Today Trade tensions between the U.S. and China exploded back into the open. On Thursday China announced new, wide-ranging export controls on rare earths, which are vital components for high-tech manufacturing.
US stocks opened higher on Monday, rebounding after Friday’s widespread sell-off as investors tried to temper their concerns about renewed US-China trade tensions.