Global  

Markets fret ahead of trade deal signing

Video Credit: Reuters Studio - Duration: 01:19s - Published
Markets fret ahead of trade deal signing

Markets fret ahead of trade deal signing

World stocks eased off record highs on Wednesday and U.S. and German bond yields slipped as euphoria over a Sino-U.S. trade deal was depleted by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now.

David Pollard reports.

Waiting - and watching.

Global markets were on pause on Wednesday (January 15) ahead of 2020's biggest diary date so far: the signing of a so-called Phase 1 U.S./China trade deal.

18 months of tariff conflict has hit hundreds of billions of dollars in goods, uprooted supply chains and slowed economic growth.

The deal means China will pledge to buy more U.S. products - agricultural, manufactured and energy - But does not tackle issues like subsidies.

Markets in the meantime were slipping off recent record highs.

Wall Street closed weaker on Tuesday (January 14).

Most Asian bourses ended around half a per cent or so down ... While Europe's STOXX 600 slipped into the red in early trade.

Baader Bank's Robert Halver.

(SOUNDBITE) (German) HEAD OF CAPITAL MARKET ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "The mood is good but everyone should be aware that there will be a little downturn at some point.

We have seen a lot of positive news and there is a point when the stock exchange says 'we'll let some air out." Steve Mnuchin helping keep a lid on gains.

The U.S. Treasury Secretary appeared to suggest ... That U.S. tariffs on Chinese goods would remain in place for now.

Oil prices slipped after the comments, bond prices and gold nudged higher .... As traders worries that global demand may not pick up quite so fast after all ... The trade war in truce perhaps, but peace not declared yet.




You Might Like


๐Ÿ’ก One News Page Knowledge: Other News Mentions

Steven Mnuchin Steven Mnuchin 77th and current United States Secretary of the Treasury

Powell, Mnuchin back more aid for economy

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism that the U.S. economy is rebounding, but said more help..
USATODAY.com
Deal would fund U.S. gov't to early Dec.: Mnuchin [Video]

Deal would fund U.S. gov't to early Dec.: Mnuchin

[NFA] U.S. Treasury Secretary Steven Mnuchin on Sunday said he hoped to have something "firmed up" with Democrats by week's end over a continuing resolution measure that would keep U.S. government open through early December. Gavino Garay has more.

Credit: Reuters Studio    Duration: 02:03Published
Dow Climbs 455 points While S&P 500 Sets Record [Video]

Dow Climbs 455 points While S&P 500 Sets Record

US stocks climbed on Wednesday with the S&P 500 and Nasdaq composite extending records. According to Business Insider, both indexes closed at all-time highs on Tuesday. The rally was partly spurred by sectors that have underperformed in 2020, including utilities and financials. Traders are closely watching for signs that Congress will sign on for another pandemic stimulus bill soon. Treasury Secretary Steven Mnuchin on Tuesday encouraged Congress to pass stimulus measures.

Credit: Wochit News    Duration: 00:32Published
No sign of talks resuming on U.S. aid deal [Video]

No sign of talks resuming on U.S. aid deal

Talks between the White House and top Democrats in Congress over a U.S. coronavirus aid package remained stalled on Wednesday, with neither side budging. This report produced by Chris Dignam.

Credit: Reuters - Politics    Duration: 01:12Published
Pelosi, Mnuchin signal openness to resume aid talks [Video]

Pelosi, Mnuchin signal openness to resume aid talks

[NFA] U.S. House Speaker Nancy Pelosi on Sunday urged a restart of congressional talks on extending coronavirus aid, saying executive actions taken by President Donald Trump a day earlier would have little immediate impact on Americans facing economic distress amid the pandemic. This report produced by Yahaira Jacquez.

Credit: Reuters - Politics    Duration: 01:28Published

Germany Germany Country in Central Europe

The German medical students who want to learn about abortion

Lack of training is restricting access to abortion in Germany, but students are trying to change that.
BBC News

Russian opposition leader Alexei Navalny's bank accounts frozen after suspected poisoning

One political analyst said the move to freeze Mr Navalny's flat and bank accounts could be part of a campaign by Russia to dissuade him from returning, as he..
SBS

Germany far right: Intelligence chief forced out amid criticism

Christof Gramm has faced criticism for his efforts to tackle links between the army and extremism.
BBC News

Former VW boss Winterkorn faces trial on 2nd set of charges

BERLIN (AP) โ€” A German court has ruled that former Volkswagen CEO Martin Winterkorn must face trial on a second set of charges in the company's diesel..
WorldNews

Volkswagen to compensate victims of Brazil dictatorship - report

BERLIN (Reuters) - German carmaker Volkswagen will pay about 36 million reais ($6.5 million) in compensation to more than 60 former employees who were persecuted..
WorldNews

Wall Street Wall Street Street in Manhattan, New York

Stocks rally; Amazon unveils home drone camera [Video]

Stocks rally; Amazon unveils home drone camera

Wall Street ended a volatile session to the upside on Thursday led by a rise in tech shares like Amazon, which unveiled a new indoor drone security video device. Conway G. Gittens has the details

Credit: Reuters Studio    Duration: 01:55Published

Asian shares fall as caution sets in after Wall St retreat

Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Market players are feeling..
WorldNews
Stocks pummeled by economic fears [Video]

Stocks pummeled by economic fears

Wall Street suffered its fifth slump in six sessions as economic worries and a tech sell-off punished stocks. Conway G. Gittens has more.

Credit: Reuters Studio    Duration: 01:59Published

Wall Street closes sharply lower, and this time itโ€™s tech taking the lead

Wall Street racked up more losses Wednesday as stocks closed broadly lower, wiping out the marketโ€™s gains from the day before. The S&P 500 fell 2.4% after..
WorldNews

Asian shares mixed as worries percolate over pandemic

Markets were mixed in Asia on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped in Japan..
WorldNews

Tweets about this


Related videos from verified sources

Trump Signs New USMCA Trade Agreement Into Law [Video]

Trump Signs New USMCA Trade Agreement Into Law

Here's what the new trade deal between the United States, Mexico, and Canada entails.

Credit: The Street     Duration: 02:08Published
Jim Cramer: Phase One Was a Big Win [Video]

Jim Cramer: Phase One Was a Big Win

Jim Cramer thinks that the phase one trade deal was a big win, here's why investors shouldn't start thinking about phase two just yet.

Credit: The Street     Duration: 01:41Published
Markets: doubts linger over U.S. China deal [Video]

Markets: doubts linger over U.S. China deal

Key stock market indexes climbed after a U.S. China trade deal was signed on Wednesday, but the deal still raises questions over how long it can ease trade tensions. David Pollard reports.

Credit: Rumble     Duration: 01:23Published