China March factory activity grows for first time in 4 months, but exports weak;
Factory activity in China unexpectedly grew for the first time in four months in March, an official survey showed on Sunday, suggesting government stimulus measures may be starting to take hold. Read More @ https://www.reuters.com/article/us-china-economy-pmi-manufacturing-offic/china-march-factory-activity-grows-for-first-time-in-four-months-idUSKCN1RC01D?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
Asia lifted as Wall Street climbs on trade developments, pound sags
Asian stocks rose on Monday, as signs of progress in U.S.-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to the pound’s recent woes. Read More @ https://www.reuters.com/article/us-global-markets/asia-lifted-as-wall-street-climbs-on-trade-developments-pound-sags-idUSKCN1RD10A?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
Trump Asks OPEC to Pump More Oil Because Prices Are Too High
U.S. President Donald Trump renewed his criticism of OPEC, saying the cartel should increase production because prices are getting “too high.” It’s the second time this year the president has taken to Twitter to urge the cartel to backtrack on its current policy of cutting production. Unlike last year, when Trump’s attacks triggered a swift U-turn in Saudi oil policy, the group has so far ignored his calls. Oil prices showed limited reaction on Thursday morning, briefly dipping about 35 cents before ultimately rising above yesterday’s close alongside U.S. equity markets. West Texas Intermediate, the U.S. crude benchmark, has climbed 30 percent since the Organization of Petroleum Exporting Countries and allies including Russia began another round of production cuts at the start of the year. Average American gasoline prices are at a four-month high, heightening concerns about the impact of the cartel’s policy on the nation’s consumers.
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