Stocks rise on U.S.-China trade hope; oil prices soar
13 January, 2019, 21:11 | Author: Regina Silva
The U.S. and China are working out a possible deal to end a bitter trade dispute that has already recorded tariffs on $250 billion worth of Chinese imports and levies on $110 billion of U.S. goods.
He said USA markets are waiting for the earnings season to kick into gear next week with the reporting of several large banks, along with any news of trade negotiations between the US and China to determine if they will resume their rallies or head lower. Wall Street was positioned for a flat opening.
Optimism regarding a trade deal boosted U.S. Treasury yields to their highest this year, while the U.S. dollar extended its losses after minutes from a December 18-19 Federal Reserve policy meeting showed that many Fed policymakers said the central bank could be patient on future rate hikes.
Waggoner told media that the evidence for a sustained move higher is getting harder to ignore: "Just having another positive week is going to be huge for a lot of people's psyches, after we got so beat up a year ago; I think you're going to see more of them coming on board next week". USA crude CLc1 was at $51.65 per barrel, down $0.71 or 1.4%. Hong Kong's Hang Seng rose 0.4 percent to 26,633.47. The Dow Jones Industrial Average added 0.5 percent to 24,001.92 and the Nasdaq composite was up 0.4 percent at 6,986.07. The fact that talks lasted a day longer than planned, the release of conciliatory statements from both sides and the possibility of higher-level talks in the near future are fueling gains in Asia. He echoed the tone of other Fed officials who were present at a meeting last month.
POWELL SPEECH: Federal Reserve Chairman Jerome Powell said Thursday that the US central bank has the "ability to be patient" with its plans to gradually raise interest rates.
Global financial markets had surged on hopes that Washington and Beijing may soon end their dispute and avert an all-out trade war between the two biggest economies.
London-traded, the global oil benchmark, was down 0.2% at $61.53 after rising to $61.91 earlier, also the highest so far for this year. Slowing inflation raises doubts about the health of the world's second largest economy.
U.S. West Texas Intermediate (WTI) crude also lost 1.7 per cent, or 88 cents, trading at $51.71 a barrel. The contract has surged by 23.7 percent since December 24. The market gained 512.56 points or 3.55 per cent for the week, its best run since October 2015.
Worldwide benchmark Brent crude traded at $61.84 per barrel at 11.57 GMT on Friday while the price of American benchmark West Texas Intermediate (WTI) was $52.87 per barrel at the same time. It added another 23 cents to $52.59 per barrel on Thursday. The Green Organic Dutchman Holdings increased 9.7 per cent, while Canopy Growth Corp. rose 1.93 per cent on the day and 33.8 per cent for the week.
While Greenberg didn't confirm any next steps for Kelly, he did say that his client is likely to speak to the public soon. Kelly " follows the BBC's "R Kelly: Sex, Girls & Videotapes", which was released past year .
The opposition conservative New Democracy party also opposes the deal, with about 70 percent of Greek public opinion concurring. The leaders are likely to discuss the still thorny issue of an impending name change for Greece's neighbour Macedonia.
White House spokeswoman Sarah Sanders said the story was so outrageously inaccurate it didn't even warrant a response. Trump's ex-national security adviser, Michael Flynn, pleaded guilty to lying to investigators about his Moscow ties.
It was the second-highest figure ever given to a player in year one of arbitration, behind only Kris Bryant of the Chicago Cubs. His efforts paid off in a big way, as Betts is now coming darn close to doubling his salary for the upcoming 2019 season.
Reggie Bullock , another former first-round pick of the Clippers , scored 17 points for the Pistons, who had lost nine of 11. It's pretty clear that there are still some hard feelings from Blake Griffin toward the Los Angeles Clippers .
For someone who says she is usually asleep by 10 p.m., Simona Halep pushed past her bedtime during tennis' off-season. Djokovic won his third US Open in September to put him on 14 Grand Slams - three behind Nadal and six behind Federer.
The reserved storage functionality is an attempt by the company to solve the woes arising out of the installation. The good news here is that Microsoft is working on a fix and will provide an update when it's available.
Young Punjab batsman Shubman Gill has been roped in for the T20I and ODI series in New Zealand and has replaced KL Rahul . India cricketers Hardik Pandya and KL Rahul will be taking a long flight back home from Sydney on Sunday.
Health officials in both countries say it's not too late to get a flu vaccine to reduce the risk of contracting the virus. Doctors maintain the most important thing we can do to protect ourselves against the flu is to get an annual flu shot.
However, the same study also found that only one in 10 of the participants actually consumed the recommended daily fiber intake. He is co-author of the new meta-analysis of existing research, which was published January 10 in the journal The Lancet .
The Accidental Prime Minister makers will be further disappointed seeing the lukewarm response by the public in theatres. Anupam Kher plays the lead role in the film and has managed to emulate the mannerisms of our ex-PM pretty well.
Hubble Space Telescope's main camera stops working
According to the new observations, the black hole powering this quasar is several hundred million times the mass of the sun. Prof Fan said: "If this galaxy were much brighter, we wouldn't have been able to differentiate it from the quasar".
Phil Masinga has passed away, aged 49
Former Leeds United and South Africa striker Phil Masinga has tragically died at the age of just 49, it has been confirmed. In December he was admitted to the Tshepong Hospital in Klerksdorp with an "undisclosed illness".
Ex-Nissan Chair Carlos Ghosn Charged with Breach of Trust
The case is also being played out in local media, with another string of allegations leaking out in the Japanese press on Friday. Ghosn's lawyer, Motonari Otsuru, expects his client to be held until trial, which he said could begin in about six months.