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Home / Business / China is back in business US standstill risk; Brexit bites

China is back in business US standstill risk; Brexit bites



The Shanghai Composite gained 1.4% on its first day of trading in the year of the pig. The tech-heavy Shenzhen Composite rose nearly 3%.

This is a big week in the trade dispute between the United States and China.

The trade talks between the countries have been resumed. US Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin will travel to Beijing later this week for talks.

Trump threatens to increase existing tariffs and adopt a third wave of sanctions on Chinese goods if the two sides can not agree on a permanent ceasefire before the March 1 deadline.

. 2 Closure of the US Government (Round 2): The United States faces another possible government deadlock this week.

Household talks between Democrats and Republicans are stalled this weekend in a dispute over immigration policy.

The controversy seemed to allow hopes that an agreement could be reached by Monday to allow each chamber of Congress to have enough time to pass the legislation long before a Friday.

A repetition of the 35-day shutdown that began before Christmas could lead to hundreds of thousands of federal workers being released on vacation.

3. Brexit bites: The British economy grew by 0.2% in the last quarter of 201

8 compared to the previous three months, according to data released on Monday.

The full-year expansion rate was 1.4%, compared to 1.8% in 2017.

Economists said that uncertainty about Brexit was a key factor in the poor performance. Business investment fell for the fourth consecutive quarter.

Less than 50 days before Brexit, Prime Minister Theresa May still has not made an exit proposal that is acceptable to both the European Union and the British Parliament.

"As the slowdown in Brexit uncertainty will only increase in [the first quarter]there is little hope for recovery earlier this year," said Paul Dales, UK chief economist at Capital Economics.

The pound Against the US dollar, it fell 0.4% on Monday, slipping below $ 1.29.

. 4 World Market Overview: US equity futures pointed upwards. European markets opened with gains, while equities in Asia were mixed.
US equities gained another victory last week despite investor tensions over trading. The Dow Jones Industrial Average closed Friday 0.3%, while the S & P 500 and Nasdaq gained 0.1%.
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5. Profit and Economics: Loews Corp [ L ) Meredith ( MDP and International [19659020] QSR ) will release profits before the opening.
Moneygram ( MGI ) will follow after graduation. [19659016] 6th week:
Monday – British Monthly GDP, Japanese Markets Closed
Tuesday – JOLTS Job Vacancy Report; Under Armor UA ) Activision Blizzard ( ATVI ) Molson Coors ( TAP ) Groupon GRPN ) reports revenue
Wednesday – US and UK inflation data; Cisco ( CSCO ) Hyatt ( H ) Yelp (19459018)] YELP ) Heineken ( HEINY ) Report earnings
Thursday – US holiday retail sale; Coca-Cola ( CCEP ) CBS ( CBS ) Nvidia . NVDA ) Earnings position
Friday – Newell Brands ( NWL ) and Pepsi PEP )
Earnings position

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