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© Reuters.
Investing.com – Discover the Top Five Financial Market News on Monday, December 10:
1. United States declares "deadline" of March 1 for trade deal with China
Markets to follow trade disputes between US and China as doubts about resolution capacity increase of the world's two largest economies.
US Trade Representative Robert Lighthizer said Sunday that trade negotiations between the two countries should be concluded successfully before March 1, otherwise Washington will impose new tariffs. "When I talk to the President of the United States, he is not talking about going beyond the month of March," Lighthizer told CBS's Face the Nation program, citing President Donald Trump's recent decision. Postponement of new tariffs as negotiations continue
Trump and Chinese President Xi Jinping agreed last week to suspend additional tariffs on products from both countries 90 days to allow negotiations to continue.
Washington and Beijing most of the year, with both countries applying tariffs on several products. Tariffs have raised market concerns about a possible slowdown in global economic growth.
2. Markets were already recovering from last week's news that Canadian officials had arrested Chinese financial giant Huawei Meng Wanzhou's chief financial officer for extradition to the United States. China presents "violent protest" against Huawei Prison
"US actions seriously violate Chinese citizen's legal and lawful rights and, because of conviction, very unpleasant" said Le Yucheng, Chinese Vice Foreign Minister. "
Meng, the daughter of Huawei's founder, faces US accusations that she cheated Huawei's multinational control banks over a company operating in Iran
The development of this incident could create another obstacle to the resolution of a trade war between the two major economies of the world.
At 6:40 am Eastern Time, the first order value index has lost 72 points, or about -0.3%.%, down 8 basis points, or about -0.3%, while the future technology index showed a drop of 20 points, or -0.3%
The pre-commercial fall after Wall Street announced its worst weekly performance since March last week
In Europe, stock markets started several weeks, with all major stock exchanges trading in the United States. negative The indic The pan-European rate fell by 0.8% to its lowest level in two years.
Earlier in Asia, markets were closing down. In the foreign exchange market, the one that measures the strength of the currency against a weighted basket of six major currencies is slightly higher than 96. In the bond market, Treasury yields have risen, the benchmark index has risen. Setting at 2.86%, while that of government bonds maturing at 2.72%.
4. Oil prices plummet despite OPEC cuts
Commodity prices collapse, investors turning away from OPEC decision to start cutting back its production last week and worrying again prospects
Economists fear that global trade conflicts between the world's major economies are holding back global growth and, by extension, the demand for energy.
Future contracts decreased by 79 cents, or 1.5% to 51.82 USD per barrel
The price per barrel was 60.95 USD per barrel, a decrease of 72 cents or 1.2 %.
5. The Brexit vote under the microscope
Back in Europe, investors are considering the evolution of the political situation in the United Kingdom before a critical vote on Tuesday to ask whether Parliament will accept or reject the proposed agreement on the Brexit. by British Prime Minister Theresa May
For her future, May has repeatedly insisted that her agreement, which provides for close ties with the EU, is the only one on the table and that the alternatives are painful. the exit "without agreement" from the EU or possibly a "non-Brexit".
There is general expectation that the vote will not be approved and ministers are concerned that the magnitude of the defeat may overthrow the May government. [19659006] The pound was largely down, the pair being at 0.3% at 1.2713 and the pair, adding 0.3%, to trade at 0.8997
The currency briefly reached the summit of the day shortly after the European Court of Justice Justice decided that Britain could unilaterally cancel the Brexit if she wished.
– Reuters contributed to this report
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