Trump Says U.S. Trade Deal With China Is Done
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CEO Jensen Huang said his company will be excluding China from its financial forecasts due to U.S. restrictions on chip sales to that country. He added that he didn't expect the restrictions to be lifted in the wake of this week's trade talks between the two nations.
US stocks closed higher as investors wait for news from another day of China-US trade talks in London. Key inflation data are also ahead.
Despite a weaker US dollar, Asian equities were off overnight on growing chatter of a coming Middle East crisis and Trump’s tariff threat reiteration.
2don MSN
U.S. stocks drifted just below their all-time high as the wait continues to hear what will come of trade talks underway between the United States and China.
China plans to remove tariffs on all imports from almost all African countries, expanding an arrangement that previously covered only those deemed the least developed as Beijing seeks to strengthen economic ties with more partners amid a trade war with the US.
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Asian stocks rose Wednesday, having opened on a cautiously optimistic note after Chinese and U.S. negotiators reached a framework aimed at putting their trade truce back on track.
Global stocks and the dollar were positive but muted on Tuesday as trade talks between the United States and China continued through a second day, giving investors some reason to believe tensions between the world's two largest economies may be easing.
Asian equities were lower overnight as Israel’s preemptive strike on Iran sent oil higher as the US dollar appreciated versus local currencies.