U.S.-China trade talks ‘made progress’ but ‘significant work remains’: White House
WASHINGTON (Reuters) – The White House said on Friday after three days of trade talks with Chinese officials in Washington that the negotiations “made progress on numerous key issues” but “significant work remains.”
The statement from White House press secretary Sarah Sanders also said U.S. and Chinese negotiators “will be in continuous contact to resolve outstanding issues.” Reuters.
Trump Says Fed Should Cut Rates and Lift Economy
WASHINGTON — President Trump on Friday called on the Federal Reserve to cut interest rates and take additional steps to stimulate economic growth, his latest attempt to put the traditionally independent central bank under his thumb. Speaking to reporters before traveling to the southwestern border, the president once again criticized the Fed’s interest rate increases in 2018, saying “they really slowed us down.” Mr. Trump, who is presiding over one of the longest sustained economic expansions in United States history, also said the Fed should do more to give the economy a lift — including resuming a stimulus program that he opposed when it began under President Barack Obama. Drama expected this week – Read More @ https://www.nytimes.com/2019/04/05/business/economy/trump-fed-interest-rates.html?partner=rss&emc=rss
WHAT ARE THE TECHNICAL CHARTS SAYING?
Crude Oil Market Rallies on Fading Fears of a Glut;
The oil market has all but forgotten last year’s price crash. Money managers haven’t been this optimistic about U.S. oil prices since early October, just before the crude market began a steep decline on fears of a global oversupply. Crude made a steady comeback this year and sentiment has climbed alongside it, with the net-long position rising for the sixth straight week in data posted on Friday. Read More @ https://www.bloomberg.com//news/articles/2019-04-05/crude-bulls-emboldened-as-market-rallies-on-fading-fears-of-glut?srnd=markets-vp
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