Trade war: Trump ‘could extend’ deadline for deal with China
US President Donald Trump has said he could extend the 1 March deadline to reach a trade deal with China if they are making good progress. Chinese and US officials will hold high-level talks this week aimed at halting their damaging trade war. US officials previously said 1 March was a hard deadline for achieving a deal to avert further tariffs. Both countries have imposed duties on billions of dollars worth of one another’s goods. Deputy-level talks began this week in Beijing. High-level discussions, led by US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He, are due to begin on Thursday as both sides rush to make progress before the 1 March deadline. Read More @ https://www.bbc.com/news/business-47221352
WHAT IS THE PSEi – SAYING?
4 charts that show why a stock-market rally has taken hold on Wall Street in February
Stocks are levitating higher on Wall Street, with major benchmarks and a few other market indicators offering signs that a rally that took hold in January may give way to a more lasting uptrend. The durability of this most recent round of ebullience isn’t 100% clear after stocks got routed back in October. Thus far it has been underpinned by waning concerns about rate hikes by the Federal Reserve, and waxing optimism that a prolonged trade spat between the U.S. and China can be resolved in coming weeks, but here are a few indicators that market technicians are watching to help confirm the current bullish turn for equities: Read More@ https://www.marketwatch.com/story/4-charts-that-show-why-a-stock-market-rally-has-taken-hold-on-wall-street-in-february-2019-02-12?siteid=rss&rss=1
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